Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-07-04
NEW YORK STOCKS and BONDS
Burst Of Animation Believed to Be Due to
Outside Buying,
MONEY MARKET REMAINS STIFF IN TONE
Call for Subscriptions to western Pa
cihc and for Government De-
pOsits from Banks to
BE Met soon.

NEW YORK, July 3.--There was a burst
OF animation IN the stock market during
the nrst hour OF trading today wnich sug-
gested that the muCn hopeu for Invest
ment demand for stocks had arrived
promptly with the date for disbursement
OF july interest ana dividends. IL Is not
impossible that IL was designed to inn
press this suggestion on the speculative
sentiment Inc apparently eager demand
the first hour and the bulk Of the bust
ness Tor the whole day was done in that
and the final hour. This strengthened the
impression that the movement was more
due to continuance of the operations de-
signed TO improve sentiment than to the
actual public demand for investment. Al
proved to be small IL did not appear that
there was any widespread attempt on the
lnss and take profts. The subsistence Of
the buying movement after the first hour
resulted in only, slight increase in the
disposition to SCI The later market was
in accordance with the expectation that
the interval between holidays would prove
dun and undressing.
The stiff tore remaining to the money
market after last weeks special require
ments served as an intimatlon that the
funds released by the July disbursements
were not to come back so promptly into the
market. There is a call for syndicate sub
western Pacific bond issues. Beyond that
Is the call of the secretary Of the treas
ury of government deposits on or before
July 10 which will call for upwards of
London the relaxation of the money market
after the turn of the half year was more
prompt, as is usually the case, but the
price of gold was marked up in London,
sterling exchange receded at Paris and
hardened here, thus bringing into view
again the question of a further outgo of
gold from New York But these develop
ments did not dash the hopeful spirit Of
the speculative operators in stocks nor
discourage their continued marking up of
prices. Neither did the government report
on the condition of the cotton crop on
June p. Considering the extended specula-
ton that has been going on in the cotton
market and the inviting profits offered
to those disposed to sell out on an active
demand the violent upward bound in cot
eloquent of the feeling OF apprehension
over the dimensions promised for the crop.
The stocks of southern railroads were in
fact rather neglected. The same was true
OF some of the usually active granger
stocks whose officials reported a waiting
In their territories on account of the spring
wheat prospects. But the strength shown
at other points was an abundant Offset.
Erie was an early feature and Reading
resumed its leadership later in the day.
| Early enthusiasts on Erie professed con-
what Reading has already done, and the
return strength in Reading was apparently
by reflex action. Northwestern did not
figure in this or other conspicuous move
ments Of the dav. But the buying was
renewed late in the day and prices rushed
| strong and only slightly below the best
Bonds were firm. Total sales, par value,
50, 4O5 COO United States bonds were I'M
| changed on call
The following was the range of prices
on the New York Stock exchange:
ON n