Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-11-22
NEWYORK STOCKS And BONDS
Market is Again Active and Gives Evidence
of Strong AbsOrptive Power
METALS GROUP DISPLAYS STRENGTH
Late In the Day sales for Taking
Proat Causes slump and Close
H. Irregular and
Lower.

NEW YORK, Nov 2l-This was another
day OF very broad and active speculation
IN the stock marKeL Plenty OF evidence
OF the strong apsorptve power OF the mar
ket was SHOWN ana there were signs as
well as the extension OF interest an oul-
sue quarters attracted by the RAPID rise
IN prices UI the last lew uays. But II was
obvious also tnat a liberal distribution Ol
noidings WAS going on 10 taKe advantage
OF the growth OF interest. Inc violent au-
vances IN prices winch nave occurred ontr
suCn handsome pronts in many cases tnat
the inducement to realize on holdings IS
strong. The market showed the enects
OF TINS movement as the day progressed
and became Irregular ana at tunes re-
dictionary. Some stocks were ahected by
profit taking upon the announcement OF
good news, while in a few cases the char
acter OF the pressure upon stocks gave the
impression Of some positive FACTOR OF
Yesterdays increase in the dividend by
the Calumet a. HeCla company was CON
tinued influence IN the group today. Inc
upward flight of prices in the metals which
make up the product OF these companies
especially Copper, Lead and Silver, was
naturally a Strengthening influence. Besloes
that there were constant rumors ahoat or
projects working out for further cOmblna-
ton and consolidation OF the companies
and interests in the trade. Another feature
Of the day was the sharp advances in the
preferred stocks of some of the companies
| In which the common stocks have already
/ Locomotive preferred and St Paul pre-
/ ferred were the striking examples. st.
|
| belief that subscription privileges for the
! SIS, 900 coo OF treasury stock which has been
! authorized for a long time would be forth
! coming before long. There was another
stage in the speculative advance in Read
/ ing and Baltimore Ohio was benefited
1 by it.
| The money market made further prog
! ress toward relaxation, but il is felt that
! this progress has about reached Its limit
under the conditions existing. The sub
| scriptions to the Japanese loan, 1t Is be-
| lieved, will not be payable until some time
| next year except for small preliminary In
| stalments. Sterling exchange declined IN
this market but New York exchange al
Chicago also dropped back to rs cents pre-
| MUM compared with 40 cents premium
| yesterday, and views of the return nov
| OF currency to New York were modiheo
| accordingly. The pressure upon the south
ern railway stocks was aggravated late IT
the day by the heavy falling on in the
ginning of cotton, Indicated by the census
| bureaus report, which precipitated panl(
amongst the bears on the cotton exchange
The Irregular tone of the later marke
was not altered by the violent bidding VI
of Brooklyn Transit and National LeaG
and last prices were In many cases below
those Of last night.
value, S3,S2OOOO. United States new As de
cined u per cent on call.
Following were the sales and range O
prices on the Stock exchange today:
Sales High. LowClose