Omaha daily bee., 1903-03-12
NEW YoRK STOCKS AMI BONDS.
FIurried Market Closes with at Least
Temporary Upward Tendency.

NEW. YORK, March 1.-THE constant
fluctuations in today's stock market re-
Elected an unsettled and uncertain state
of mind on the part of the professional
trading element and iS required the utmost
agility by that part of the professionals
known as scalpers to follow price changes.
lifted and the market closed with one of
the upward furries in progrees. and at
about the top level Of the day. There was
a sensible relaxation of the pressure of
forced liquiaation, which the recent calling
of loans by the banks has caused and some
recovery due to the covering OF short con-
tracts by bears was therefore normal.
Loans on call were made during the most
active part of the days money market at
51z per cent, and 6 per cent was the max
mum. For time money. lenders were dis
posed to hold firmly for a s per cent rate,
secure funds, especially for the longer
periods, and c%ontented themselves with
loans for three to four months where no
concession, was allowed for six months
period. There was nothing to show the
course of this relief to the money situa-
ton, unless 1t might be the result q liaui-
for the account of interior institutions.
which are also reported to be calling some
loans at home for the purpose of making
these loans in Wall street. Sterling ex-
change was considerably frmer today and
there was quite a falling of In the Of
ferings of loan bills. The advance in money
rates in London and the jump OF sterling
at Paris of / centime showed the OBJ
stacles arising to the extensive borrowing
abroad for account of New York, which
has been in progress. The sub-treasury
also continues its proad upon the New
York money supply, the loss TO thar IN
stitution yesterday amounting to S61S,OOO.
This brings the absorption since Friday
up to the close CT business yesterday TO
S3,1470O0. Since the first of February this
government institution has withdrawn from
the New York money market something
like $40, 000, 1900. This state of affairs in a
period of stringency gave special signiti,
canoe to the visit in Wall street today CT
the secretary of the treasury. Inc con-
viction was general. Notwithstanding the
official disclaimers, that some measures
were In contemplation. This was really
the strong underlying influence on the
improved speculative sentiment, though
active play was still made on the con-
contest between the Hartman and Keene
interests in Southern PACIFIC; A turn
against the shorts in Metropolitan street
railway was also a factor. Ot1cial. denlals
Of published charges against the hnanclal
accounting of the company was the basis
of the strong upward movement in that
stock. The advance In the price OF copper
gave an additional impetus to Amalga-
mated. The conviction that treasury
| measures would relieve the money market
money ceuters and induced buying on the
New York exchange of stocks to the ex-
tent OF upwards of $4,000 shares. This was
am important Influence in the early hrm-
ness. Nothing was learned up. TO the time
OF the close of the market Of the details
of any measures to be adopted by the treas
ury department. .A
Bonds were irregular in sympathy with
stocks. Total sales, par value. $2,08O'OOO.
United States 3s coupon advanced p per
cent on the last call,
The Following are the closing prices on
tho New York Stock exchange: