Omaha daily bee., 1905-07-07
new YORK STOCKSAND BONDS
Market is Unsettled by Conflicting Reports
of Purpose Of Leading Spectators
PROFIT TAKING CONTINUES ALL DAY
Hardness of the Money Market
HIS nm UnfavOrnbIe Eject
Close is IrreE-
ulnr.

NEW YORK, July 6.-The coincidence Of
the free selling Of stocks TO take pront yes
terday and the publication Of an interview
with a prominent speculative leader speak
ing with great confidence of the prospect
for much higher prices, had the eflect OF
leaving sentiment good deal unsettled to-
day The desire was to show how far the
realizing sales OF yesterday had effected
the distribution of holdings from the hands
OF the powerful operators who have con
Quoted the advance and whose motive for
further protection of the market would
thus be iessened. There was further sell
ing of stocks in fact at available oppor-
tunities and under cover of the sustaining
effect OF the spectacular movement in spe-
Several Incidents Of the day were in favor
OF the market and Il had no important OBJ
stacle to contend with. But the volume OF
dealings fell below the total Of yesterday
and there was violent congestion OF &C
tivity in Reading and Union Pacinc. Inc
speculation in Union Pacific was fostered
by rumors Of an intended extra dividend
on the stock. Southern Pacific and ST, Paul
showed sympathy Tennessee Coal fuctq-
ated violently on comparatively small deal
ings This about defines the limits of the
important movements Of the day.
Time loans were f1rmer in tone and 1t is
probable that consideration of the money
outlook had a restraining effect on the mar
ket. Paris renewed its takings of gold in
the London market and the sterling rate de-
clined in Paris. The possibility of further
exports of gold from New York is thus
kept open. Receipts on account OF klon-
dixie gold are constantly replenishing the
that the government bonds to be released
by the return Of government deposits on
July 10 will go promptly into use for new
issues Of bank notes. This would add to
the available supply of currency and facili-
tate an outward movement of gold. The
effect Of the subscription to the Japanese
loans seemed to be viewed with more un-
certainty. Even the proceeds OF the former
loan left on deposit here in the shift
ing in the loan account showed some tenn
porary disturbance in the money market.
Satisfaction is felt over the intimation that
no Withdrawals of the loan proceeds is in
tended before the last of october. A large
proportion of the last Japanese loan re-
mains on deposit in New York and Is placed
in call loans here. so that the Japanese
governments handling of its balances might
have an important effect on the New York
money market The favorable effect of the
weather on the wheat market was another
satisfaction to holders of railroad stocks.
The condition in the cotton market did not
indicate much change in the opinion on that
crop. The digestion of profits was persist
ent and as a rule the days important gains
are restricted to a few picked stocks. The
closing tone was irregular.
Bonds were steady. Total sales, par value,
81, S39 600. United States bonds were un-
changed on call.
Following were the sales and range of
prices on the Stock exchange today
Galeu IJigh T.Oy C1osa