Omaha daily bee., 1903-06-09
NEW YORK STOCKS AND BONDS.
Prices slump Again severely, but Re
cover n Fraction Mt Close

cover n Fraction Mt Close.
NEW YORK, June s.-Further severe in
today under a renewal OF active liquida-
ton. In the last hour of the market this
and in order to cover their short con-
tracts, the room traders were obliged to
bid up prices from l to IL for the active
treme losses Of the day. The extreme
selling was among the corn carriers and
the cotton carriers and the coaiers were
also subject to heavy selling pressure
Ihese movements were caused I'm part by
the belated planting OF the corn crop, the
poor conoition of the cotton crop and the
fears that labor troubles will again break
out In the anthracite mining region. An
uncontrmed rumor that the new Rock Is
land authorities are taking steps in the
matter of rates and threaten n wide
spread unsettlement in their territory was
anything to do with todays weakness.
Rock Island itself was not. as weak as
points in Atchison and the heavy dealings
in that stock combined to make IL the
most conspicuous in the days trading. The
90 drop in Reading was somewhat senSa-
tional, in view of the recent support in
that stock and some of the northwestern
stocks shared in today,s weakness; % Chi,
Northern Securities on the curb went to
new low record. 1t was to be expected
from the showing made by the banks in
the Saturdays statement there was some
calling of loans and forced liquidation as
9, result. The selling came from many
ferings on account of the advance in the
discount rates of the Imperial Bank of
very general sellers on ORDERS from many
parts of this country. small engage
ment of gold for export to Germany was
effect as the question of large exports
was an open one in spite of the lowering
of the exchange rate owing to the demand
for money In Germany and the decline in
the sterling rate both at Berlin and Paris.
1t is reported that German banks, in their
eagerneSs to obtain allotments of the lately
issued imperial loan, have committed them
selves so largely as to demand a recall
OF German credits placed abroad. Demand
for money in Germany is also attributed to
reviving Industrial activity. In our own
market preparation is being made for the
payment of an installment of 81, 500 900 of
the subscriptions to the Metropolitan Sc
curities company, due on Wednesday. The
so per cent installment on the new Penn
payable from June Is to June q, although
1t is understood that the Pennsylvania
company,s six months loan for $4,000 O@1 O
with the proceeds of the subscriptions In
spite of the severe declines today there
was singularly little talk of financial en-
barrassment. But discussion in banking
circles of the size of loans accorded to in
dividuaI capitalists, especially among those
whose recent great fortunes have resulted
from the industrial combination process,
indicate formidable figures. 1t is well
character are in process OF repayment and
1t is commonly believed that important
settlements have been made by. private
agreement, involving very large transfers
of holdings In important railroad systems
and arousing suggestions of possible
ticeably firm tone today in a few stocks
which have suffered most from some of
vania, New York Central, ST. Paul and
Southern Pacific. But at other points the
absorption of the offerings was still on a
of acceptances rather than bidding for
stocks The closing was about steady at
the rally.
Bonds were irregular. Total sales par
value, 81, 900.
United States bonds were all unchanged
on the last call.
Following are the quotations on the New