Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-12-15
new YORK STOCKSAND BONDS
Speculative Interest in the Market i,
Fully Maintained.
WLUEs ARE IRREGULAR At ALL TIMES
Brilliant Advances in stock of Large
Interest Keep Alive Confidence
and Facilitate Realizing
of Profits.

NEW YORK, Dec. l4-Speculative inter-
est in the stock market was fully main
tanned today, as is abundantly indicated by
the volume Of the days sales. The market
was decidedly irregular at all times and
more than once during the progress of the
trading was quite uniformly weak. But
many brilliant advances were scored In
stocks of large influence on speculative
sentiment and kept alive confidence in the
market and facilitated the process of real
izing profits, which the cause of the
stationary or backward condition of many
the last
the distribution of holdings is one of the
most satisfactory features in any bull mar
ket. The almost entire absence of It in
the course Of the current speculation has
been large cause for the distrust and
crlucism of the market as being artificial
ana Hagrantly manipulated. The conserva-
i've class amongst the commission houses
mas not been slow to express it's convic-
ton that the uninterrupted advance In
prices without any pauses to effect the dis
trlputlon OF holdings is entirely abnormal
and has made 1t impossible for them to
ADVISE their clients TO go into the present
market. This conservative class of brok-
efs mas seen the market defy their predic-
tons day after day and have. had to re-
celVe the burden of complaints from GUS
toners who have failed to share In the
prohts OF the speculation. What could be
accepted as normal and healthy reaction
mas been attentively looked for by large
class IN wall street as an opportunity to
faVorites included some OF the Substantial
standard stocks. but the character of their
movement was not different from that
which has occurred in other less infiu-
entail securities, News to account for the
movement was lacking. but there was the
usual circulation of tips to herald the
movement and closely following this the
outbreak of organized activity in the desig-
natSd stocks The operation OF organized
speculative parties could not be more
clearly indicated. A feature attracting
much attention is the very large buying
abroad of what are called American priv
lleges. Purchasers of calls for American
STOCKS IN London prompt the purchase OF
stocks here as part security for the sellers
OF these privileges. But the purchase of
tnese calls, 1t is pointed out, may be desig-
mated as an insurance on the part OF local
speculative holders who desire to Tighten
their holdings during the remaining period
OF money uncertainty.
rates on the Stock exchange today il is
realized In all quarters that the period OF
money uncertainty Is not yet past. Time
premium In the shape OF premiums which
raised the net cost to or s per cent The
weekly statements of the great foreign
banks published today showed no improve
ment In money conditions abroad. Foreign
exchange here, however was little affected
me persistent liquidation in the Rock
Island stocks had a disturbing effect on
sentiment and the unresponsiyeness OF the
United States Steel stocks to the brilliant
showing of trade conditions was disap-
pointment An attentive eye was kept upon
the proceedings of the United Mine Work
ers convention. The decided break in
prices In the last hour was not overcome
when the market closed in spite of a few
feverish rallies and the closing was active
and. weak with losses the rule and very ut.
tie mft after the days principal gains.
S,l15,0Co. United States IS and the old and
new As declined 4 per cent on call.
following were the sales and range Of
prices on the Stock exchange today:
G<a1a (1tz.