Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-07-06
new YORK STOCKSAND BONDS
Volume Of Dealings is Large and Barl
Prices Are Higher
LATE IN SESSION THE MARKET SELLS OFF
Resumption of Gold Export Move
ment Followed by Rash to
sell - Bond Market
steady,

NEW YORK, July 5.-In spite OF a relapse
In prices late in the day, there was no mis-
taking the aggressive strength of the forces
behind today's continued speculation ~
stocks. The volume of dealings rose well
over Mondays Unexpectedly large total. AS
to how far the stimulated advance in prices
has succeeded in attracting an outside de-
mand estimates and opinions vary There
was evidence Of some extension yf interest
IN the market in the character OF the busl-
ness done by commission houses when trad
ing began, and IL was evident that there
was some feeling Of this demand 70 take
profits by those who have been buying pre-
viously. Support was not abandoned until
the gold export announcement The mar
ket was plainly under the influence still Of
the organized speCulativ forces which have
conducted the present advance from its in
ception. 1t was believed, in fact, that there
ranks Of the market leaders. The large
congestion Of the dealings in special stocks,
the orderly manner in which operations
were shifted from one quarter to another
and the skill displayed in the selection Of
stocks in these movements with view to
influence sentiment and to help selling to
advantage of stocks previously advanced,
left no room for doubt of the continued
control of the market by organized leader
ship.
The trouble precipitated amongst a chain
OF western banks by the Topeka bank
| failure is of a kind which would upset the
! stock market in some of its moods, but II
seems to have been totally disregarded by
the present market and this notwithstand-
ing the widespread discussion given to the
great volume of bank loans outstanding
and the Importance Of the maintenance of
perfect confidence in their quality. Much
more Importance was attached in the view
| of the active speculative party to the relax
| ing tone Of the money market as an evil
dence Of the release OF further acCumula-
| ton for July disbursements. The bond
market still showed little effect from any
demand for investment. There was how
ever, some activity in new issues of bonds
convertible into those stocks which have
| been made active in the present movement.
! These stocks still sell considerably under
| the prices at which the conversion privilege
| for the bonds would prompt an exchange
| but the movement in the stocks prompts
some speculative demand for the bonds
| The resumption &c the gold export move
| ment late in the discouraged the flag.
| gtng efforts 10 keep up prices The definite
| announcement Offering Of a one-thrd in.
| stallment Of $4,000 600 of a new Japanese
| loan, the withdrawal on the 18th of gov.
| eminent deposits and the persistence Of the
| Paris demand for gold cloud the fEture OF
| the money market The rush to sell on the
| gold announcement shook the market badly
| and left remnants of gains in only few
| of the strongest stocks. Losses OF to
points resulted for some of the leading
| stocks
Bonds were steady. Total sales. par value
S3,SS6,OO. United States Is declined Il pei
| cent on call
| The following was the range Of prices
| on the New York Stock exchange:
ENl H.