Omaha daily bee., 1905-08-15
new YORK STOCKS And BONDS
Market Opens Active and Prices Advance
TO Higher Level
LARGE SELLING ON PROFIT TAKING
Demand from Outside sumcient to
onset THIS In Early Dealings
Prices Decline, but Advance
Again Later.

NEW YORK, Aug. 1L-The speculative
forces which developed in last weeks stock
market ma gathered energy for a rush with
the wholo Of the early market to a higher
level Of prices The very large selling to
take pronts which the market had to en-
counter here increased in effect as the
DAY progressed and gave the latter market
some appearance of weariness, but there
was no mistaking the increased force of
the miscellaneous outside demand coming
from various sources through commission
houses, which made itself manifest in the
accumulation of large buying orders over
saturday. The sufficiency Of this new de-
mand TO absorb the large selling to take
pTohts was matter of satisfaction to the
advocates of an advance in prices. The
quietness of the later demand, however,
showed that the Accumulated orders at the
opening were not followed up in equal
volume. The professional element was left
rather o6viously 70 take the market in
OF last weeks tactics Of successive ad-
vances here and there in the market. The
volume Of high priced stocks continued
largely In evidence, but some Of those
which figured most conspicuously last
week were somewhat reactionary.
The day dealings, which made on the
whole a broad and effective market were
based on the general considerations which
were already making themselves felt last
week. Principal of these is the outlook
as defined by last weeks government re-
port Day to day reports OF weather con
Htions, Keep up the feeling of confidence
crops, Railroad officials in the customary
weekly reviews published today spoke of
the widening effect through all lines of
business, of the cheerful outlook over the
crops, and INDUCED in some very roseate
views OF the prospective railroad earnings
for the next fiscal year. Confidence is grow
ing in the unprecedented yield of the corn
crop. and the corn grangers came into be-
lated prominence IN the later hours OF to-
days market. good effect was produced
/ by the report that the dispute over freight
rates on certain articles as between the
Atlantic and the gulf lines had been set.
nf rat tag q 4
with.
Some attention was given to the asser-
tons that American bankers were being
sounded with view to sharing in a Rus
sian loan The flotation of Russian
sary consequence of peace treaty, and
the distributive effect In all the world
money markets of such a fotation leaves
the question of the point chosen rather
secondary in Importance, so far as the
| erect on money rates is concerned. The
| deposit of $4,000 at the sub-treasury fol
! telegraphic transfer TO Chicago marks the
| running of the tide of the currency move.
ment in favor OF the interior as against
| week. The forces which will decide tht
! course of the autumn money markets are
| thus definitely at work Stocks made sub
| stantial recovery late in the day, the corr
| grangers again leading, but the persist
| ence Of the selling to realize made the
| closing irregular.
Bonds were irregular. Total sales, pal
| value, S630000. United States bonds were
all unchanged on call.
! The following was the range of price.
1 v.lna