Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-12-30
NEW YORK STOCKS AND BONDS
Hsrket is Firm and Active on Big Demand
Expected Mex: Week.
General Belief that Large Syndicate
Attempted TO Corner Money in
order TO Squeeze out
StocIs.

NEW YORK, Dec. 29.-For practical pur-
poses today was the last day of the year
loans or deliveries on Saturday. loans made
on Friday carrying over until the follow
ing Monday aud the stocks purchased on
Friday are to be paid tor on the following
Monday. AS Monday is the New Years
holiday, the settlement for todays trans
actions in the stock market will be de-
terred in effect until the turn of the year.
This fact was made the basis for the
speculative furore which pervaded the stock
market today from start to finish and car
rled dealings to the 2,0OCOtO share level
II was argued that preparations for the
January hrst settlements must now be
completed and that the stress in the money
market must have done its worst. AS a
matter Of fact there was less severity in
the money stringeQcy today than on the
two previous days. The rate was carried
up to IS per cent during the urgent. demand
the first part of the day. but fell back
rather promptly to the neighborhood of
90 per cent. Compared with yesterday the
money market was regarded easy, and
today,s rates were cheerfully and even
eagerly paid.
There is a conviction among the specu-
lative contingent in the stock market that
a vast organization exists among the most
powerful capitalists in the country, which
gency in money OF the last week in the
year. The operators in stocks Of less i'm
posing resources assert their belief that the
aforesaid powerful capitalists have ac-
cumulated vast resources in their own
hands with the purpose Of squeezing the
other hands and gathering them into their
own with the purpose of realizing the great
profits which are to accrue when the enor-
nous waiting demand for stocks develops
with the latter relaxation in the money
market. 1t is with determination to defeat
this alleged plan that the active spectators
have cheerfully paid exorbitant money rates
rather than part with their stocks. The
belief in the substantial character of the
the prominence In the market of United
States Steel, Union Pacific and Amalga-
mated Copper 1t is the common assump-
ton OF the speculative public that these
stocks are the favorites for the purposes
of stock market operations of the most In
fiuential groups of capitalists in the coun-
try. The many rumors which were preVa-
lent yesterday of expected measures TO
relieve the money situation were not veri-
fed in any case today There was no an.
nouncment from the Treasury Department
of any deposits of government funds with
the banks and denials were made of any
intention to take such actioH The infor-
nation Of a bankers pool to provide funds
for lending in the stock market also was
denied. The preliminary estimates OF the
weeks currency movement indicated Il
small gain on balance from the interior,
in spite of the supposed shipments to Chi
cago and Memphis to relieve the strained
situation at those points. But the balance
of receipts in the interior was much too
small to offset the loss of s., COO by the
banks to the subtreasury.
There is a general conviction also that
the loan account of the banks has freely
expanded during the week to meet the
year-end requirements. But the possibility
OF a weak bank return received little at
tention, as It was assumed that with the
passing of the last actual business day In
the year in the stock market the crisis In
money might be assumed to be fairly
passed 1t was their assumption that the
| animated speculation throughout had held
prices UP to the closing, which was firm
and at about the top. The strength of
the market was so general as TO require
no specification. The sensational rise in
: Anaconda was a repetition OF the recent
movement in that stock.
Bonds were firm Total sales par value,
| So go GOO United States IS advanced * per
cent and the IS and old Is a per cent on
| call. .-t
Following were the sales and range of
prices on the Stock exchange today: