Omaha daily bee., 1905-11-30
NETWORK STOCKS AND BONDS
Spec Halts on General Revision
from Volatile Rise Of Special Issues.
CALL MONEY ADVANCES TO NINE PER CENT
General List is Not Free from Evil
dences of Depression and violent
Losses Characterize
IndustriaIs.

NEW YORK. Nov 9.-The pace Of the
speculation was halted in todays stock
market partly as a general reyulsion from
the volatile rise Of the last few days in
special stocks and partly from a narrow
ing OF the resources in the money market
which exercised some constraint upon spec
buoyanoy was most pronounced in the
southern iron group and some other metal
industrials. The railroad list moved but
narrowly and was as slightly affected. COM
paratively, with the violent reactions in the
industrials as 1t has been for several days
past by their advances. II might almost
be said that holders of standard securities
showed a sense of relief at the check to the
eStravagant rushing up Of prices amongst
The general list was not free from evil
dence Of depression, however, and violent
Industrial department. Lead, especially,
made "A further advance Of GU during the
day In repetition OF its course for several
days past, and while IL was not free from
the reactionAry effect OF the general move
ment II persisted In its upward course.
Tennessee Coal and Sloss.Shefleld Steel on
the other hand. slumped in a way 10 cause
apprehension of disastrous consequences to
the speculative holders in the stock. The
stocks In face of the movement in other
iron and steel industrials Is in spite of the
rumor industriously circulated that the con-
trol OF the Independent companies,is sought
on behalf OF that corporation. The rumors
regarding the group continued and the
shares showed considerable resiliency The
assertions Of passage Of control OF National
Lead also persisted and the movements of
cotton OH and Virginia Chemical were
Paul derived no benefit from the plan OF the
extension to the Pacific coast The lack OF
subscription privileges to the company's
treasury stock was a dlsappointnent 10 some
J or the recent speculative buyers and the
general policy OF the extension dd not seem
suficiently attractive TO offset this disap-
continent. Some weakness In Northern
Pacific preferred was ATTRIBUTED to the eff
| feet Of this threatened rivalry, but Union
| Pacific, the most active market stock
amongst the transcontinentl lines showed
some resistance to the heavy undertone of
the market. With the Thanksgiving hoii-
! day coming on the last day of the MONTH
preparations for the December first settle
ment made themselves felt in the money
market today. The shifting Of accounts
| incident to these proportions resulted in
running the call money rate up to per
erations showed losses 10 that institution
| extended to nearly $3,5O0,000 for the week,
ana New York exchange at Chicago hung
| az par today, marking the subsistence OF
! the cash movement from That center The
! holiday interval had come eflect in prompt-
ing the closing out of speculative commit
iileI The storm weather In the north
west and the hindrance 70 railroad traffic
! was taken into consideration in view OF
| the serious COMPOSITIONS already existing
Inc movement in ANA. &c mated Copper
] was In response to the continued rise in
! the price OF Its product. The declare ton
| OF another 10 per cent extra dividend on
LsackSawahna was regarded as explanatory
/ OF the extraordinary price .evel al which
that stock has been held, but It's general
| erect was not observable. The unsettlc-
ment was accumulated in the later dealings
! py the hurry In call money and St Pc d 4
| decline OF 2k in the last hour had consid-
| cradle influence on settlement
Bonds were Irregular. Total sales, par
| all unchanged on call.
The following We're the quotations on the
| new YORK stock exchange: