Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-11-29
new YORK STOCKS AND BONDS
Speculation in a Few Specials Attsini
Unusual Violence
MARKET IRREGULAR FROM THE OUTSET
Southern Iron Group and Metal
IndustriaIs Attract the Largest
share of Professional
Activity.

NEW YORK, Nov. 1.-speoulatlon in
some special stocks attained unusual vio-
spSs tG pa ana ~ the the sbo%s5 5. 'es
WEAKNESS in consequence Of those excuses
and yielded quite generally. Very heavy
demand upon this center for currency also
had a part in the uncertain tone Of the
The movement showed some irreguiarity
from the outset and II was obvious that
large proft-taking was going on in the
midst Of the most excited advances in the
t s5PeclsitieHs The southern Iron group and
share of speculative activity. Tennessee
Goals upshoot Of 5% supplemented a rise
Of over IL points yesterday while Lead
Jump OF 9 points was only slightly in excess
of the rise achieved in yesterdays market.
The dealings In these two stocks were con-
FUSED and feverish to the highest degree.
II was reported that prices several points
apart were paid for them at the same
moment on the floor Of the stock exchange,
while brokers with orders to buy at the
lower quotation and those with orders to
sell at the higher quotations being made
found 1t equally impossible to execute their
orders In time. One after another stock
In the list of obscure industrials was taken
up and put through some such process as
curial fluctuations as the two named. Sud-
den advances Of four points in American
Wooden, between and 4 in Cotton OIL,
booker Ice and United States pipe and over
2 points for Virginia Carolina Chemical,
Colorado Fuel, sloss-Shefiield Steel, Rail-
offers concrete examples. The later reac-
ton in the market made wide inroads in
these advances and carried the average
level OF prices elsewhere well below last
night. The most conspicuous example of
strength amongst the standard stocks was
ST. Paul with its 2h point rise. Reiterated
rumOrS of an early issue of its treasury
stock to stockholders and the extension OF
the system TO the Pacific coast were used
again to stimulate the speculation In the
stock. Attention was attracted to the
money situation by the heavy transfers to
interior points through the sub-treasury
ana by an engagement Of gold at the sub
treasury which was suspected to be in
tended for export Chicago exchange also
returned TO par. The days report of the
sub-treasury operations showed q loss by
the banks to that institution since the last
bank statement of 81 4Sl, 900 while a credit
balance at the clearing house this morning
Indicated a still further absorption. San
Francisco stock took another round 81, 900, 00t
with tntimations of a possible further re-
quirement, while 5000, 600 went to New Or
| leans. The $4,000 gold engaged at the sub.
| treasury Is expected to go to South Amer.
| lea ana this Is a demonstration of the
ability OF the London market to draw or
| New York to meet its South American
obligations. Rates for money were not ap.
| probably affected by these developments
! nor by the reported large subscription fol-
| the Japanese loan. Preparations are being
ments which are largely in excess of those
| for this period last year. An attempt was
/ made to rally the market before the closing
/ but the recoveTies did not hold and the
closing ing tone was decidedly weak with Read
| ing breaking badly points just at the last
Bonds were irregular. Total sales, PAL
value. $3,0l5,O00. United States new 4.
| registered declined y. the 3s q and the ole
IS point on the last call.
| The following were the quotations on tn,
1 "a ca