Omaha daily bee., 1905-06-30
NEW YORK STOCKS And BONDS
Dealings Are Comparatively Light and
Values Are Lower.
SHARP RISE IN CALL LOAN RATE
News of the Day Indicated Better
Prices for stocks, but the
Market Fails to Re-
spOnd.

NEW YORK, June 29.-Prices lost some
ground on the Stock exchange today and
there was a shrinkage in the dimensions
of the market, which had more to do with
glVlng character to it than did the recess
sion IN prices! The money market yielded
some premonitory systems of the prepara-
uons Tor the july settlements. Call loans
were reported tight, even while there was
no marked change in the quoted rate, ana
there was a considerable paying off on
tne part OF borrowers on call. This was
eNldently in the expectation that the bor-
rowing tomorrow, which is to carry over
until Monday, might result in furry in
the money market. The rise in call loans
20 above 3 per cent before the close con-
nrmed nd this view The grave aspect Of in
ternal anairs in Russia and the outbreak
OF violence In Odessa brought into renewed
discussion the possible future demand upon
rev York for gold Foreign stock mar
kets kets received the news with great pla-
cidity, the price Of French rentes making a
ftuLl fuLl recovery Of an opening decline. ster-
ling exchange at Paris rose sharply III
centimes on the pound London discounts
also receded fraction, notwithstanding
Elements. and the price of gold receded in
London There was little change in the
local exchange rate. The immediate con-
ditons, therefore, were all toward relaXa-
gold.
The news from Odessa was of more i'm
mediate effect in the grain markets owing
to the Importance of that point as a point
of export for wheat. The prospect of an
means Of the closing of that port contended
as an influence in the wheat market with
favorable weather news from the home
crop regions Estimates on wheat and
corn received during the day were highly
favorable. There was also an early decline
in cotton. The days news is thus seen to
have supplied influences favorable to higher
prices for stocks 1t is rather notable,
however, that the recent movements OF
stock prices have disregarded news devel-
opments whether favorable or unfavorable.
News bearing on immediate prospects of
dividend disbursements on stocks, however,
received close attention. Thus the coalers
were prominent today for their resistance
of further increase in the Reading divi-
dend being supplemented by the strong
showing of May net earnings made by
Reading, Ontario & Western and Lehigh
Valley. The news which became known
after yesterdays market of the admission
of e. II. Hartman to the Erie executive
committee was supposed to account for this
old rumors of Northwestern readjustments
and communications which accompanied
It. The unexpected importance of a com
mission house failure in Chicago was the
subject of considerable comment and was
not a help to the stock market. The num-
Der of small bank troubles of the last rev
davs also was the subject of some discus
sion Efforts toward recovery were de-
feated by the rise in call money rates.
Louisville & Nashville broke sharply when
only the regular dividend was declared
and the market closed easy at about the
lowest of the Gay. , , ~
Bonds were Irregular; total sales, par
value, 81, ,365 900. United States bonds were
all unchanged on call. . 80
Following were the sales and range OIL
prices on the Stock exchange today:
Sales High. Low Close.