Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-10-19
NEW YORK STOCKS ANDBONDS
Wall Street Market Continues to Show =
Tendency Toward Inmobility,
SELECTED LIST OF SHARES PUSHED VI
Trading IL Generally sluggish, Clos
ing Easy, with values at
Lowest Point of the
Day.

NEW YORK, Oct. 1s.-Business decreased
at the Stock exchange today, although Il
did not fall back to the low level OF Mon
day The market continued to show a
tendency to immobility or to very narrow
fluctuations with disposition to return
to a given level. As there was some early
pressure against the market today the de-
clining tendency was contested by push
Ing up a selected list of stocks.
American Locomotive was the feature
OF the day and the Indifference OF the
general market to so conspicuous a feature
made striking demonstration OF the i'm
passiveness Of the speculation. This stock
has engendered considerable advance Of
late, but its movement came to a stop yes
terday with the announcement of changes
In the directorate. Renewed Importance
seemed to be attached to these changes
today which eliminated conspicuous stock
market element from the board by the
substitution of General Electric and United
States Steel stocks. There was abundant
news also of the enormous requirements
OF railroads for locomotives and, in fact,
all kinds Of equipment. With occasional
setbacks Locomotive made successive
jumps on very heavy absorption, the ex-
IRENE advance reaching 81 points. other
railroad equipment stocks and the electrical
lndustrials showed moderate sympathy.
Reading also made show of strength at
one time in the first resistance to the de-
preston and current reports of further
extensive combination Of anthracite inter-
ests were used to help the stock. The
supporting points in the market were of
moderate erect In contesting the general
The Gsproval of several Of the days
rumors pointed to operations by bear
element In the trading. These included re-
ports of the illness of J. Pierpont Morgan
and Of financial difficulties caused by the
collapse of Chicago Subway stocks. The
reports were sufficiently definite to call for
public regulations. There was a reaction
In discounts In Berlin and an advance in
sterling exchange at Paris and the Ques-
ton OF a further decrease in the Bank Of
England discount rate tomorrow was left
open. The bank has succeeded In arrest
Ing the demand upon London for gold by
raising the price OF the metal and securing
open market supplies for its own vaults
This being the case the threatened rise in
the bank rate may be avoided. Foreign ex-
change made a further notable advance
In the market, serving to strengthen the
supposition that Japanese funds in New
York were in course of remittance to Lon
don. The statement of this country's for
eign trade for September, however threw
light on the previous strength of foreign
exchange. The value of imports rose more
than SIS, 100000 over the preceding Septem-
Der to 500, 1873 031, record for a month
imports. At the same time the value OF
exports increased less than 81. 100000 leav-
Ing the excess value of exports of only
$33, S67, 79l, while the trade balance in
our favor for September Of last year
amounted to over %O,OOO,OOO There were
no changes of Importance In the local
money market, but New York exchange at
| Chicago slipped back to par after having
ruled at a premium for several days. The
announcement of the closing of a national
bank in Allegheny made a depression on
sentiment. The closing was easy with the
general list at about the lowest
Bonds were irregular. Total sales, par
| value, $3,245,000 United States bonds were
| all unchanged on call.
Following were the sales and range OF
prices on the Stock exchange today;
Sales, High, IL .Ow. Close.