Omaha daily bee., 1903-06-04

Market HecOvers Somewhat and
Shows n Better Tone.

shows n Better Tone.
NEW YORK, June S-The recovery
again by the stock market from opening de-
preston and the disregard Of some Of the
ead news OF the day seemed TO give a
prices had been reached and after mid
day the price level was lifted quite sub
stantially. But when the professional op-
in the last hour Of the session todays
gains melted away in short order and
opening setback was due to the reported
threat Of a strike by the anthracite coal
miners unless the refusal of the operators
the conciliation board should be rescinded.
The resulting decline in prices reached a
and for other leading representative rail,
road stocks, St Paul, which continued to
be accepted as the index Of the market,
decline that the short interest was avail
ing itself of the opportunity to cover and
at the same time support was in the mar
ket as on yesterday. part of the pro-
tessional traders, seeing the direction of
things commenced TO buy and bid up
ket from the shorts. A sharp recovery in
the Canadian group from yesterdays de
Paul was carried 1% over last night In
the course of the movement. Many other
gains Of a point or more were achieved
comment by officials of the coal roads on
the labor situation revealed rather con-
ciliatory spirit and an apparent willing
ness to negotiate the dispute and on this
the coalers made vigorous recoveries The
Improvement in the western weather sit
uation and the subsistence Of the foods
were taken as encouraging features and
had added force by reason of the sharp
reaction in the grain markets. The heavy
engagements of gold for outgo tomorrow
seemed to be ignored as the call money
market continued very easy. The en-
gagement of gold for France, Germany
and Canada for the day amounted to con-
money market was not affected there was
hardening tone in time money market
rates for six months rising to per cent
and for eight months to 51k per cent. There
was a slight reaction also in foreign ex-
change and this was said to be due to
some offerings of loan bills which the ad-
vance in time money had made
that no bills were sold against
the gold shipments which were
clearly in liquidation of maturing foreign
Indebtedness. The sterling market steadied
again before the close. There was de-
cline also in the sterling rate at Paris
which served to increase the margin of
selling of stocks for Boston accounts and
reports that loans were being called there.
New York exchange at Chicago, however,
advanced to so cents premium The out
look in the money markets may have in
duced the renewed selling of stocks in the
last hour which converged on Pennsyl-
vania carrying that stock down to a parity
1854. Prices broke to below last nights s
level all around but steaded slightly just
at the close Several good reports of rail-
road earnings and sharp recovery in the
London copper market were used to help on
the upward movement
The bond market was firm and the new
Rock Island hves were lifted points.
| Total sales par value, 81, ass, 900.
L. s. As coupon advanced "a per cent and
| the new fours coupon declined u per cent
| on the last call.
| Following are the quotations on the New
| York Stock exchange: