Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-11-21
new YORK STOCKS AND BONDS
Dealings Are the Largest Yet Made Dur
ing Present Speculative Movement,
THE MARKET is BROAD AND ACTIVE
orders Come Largely from Outside
Sources aud Extensive Proat
TakInE Fails TO Check
the Advance.

NEW YORK, Nov. 3.-DealinRs in stocks
expanded today to the largest total yet
made during the present speculative move
ment. The large speculation also took on
the appearance impaired by a miscellane-
Gus participation. Vigorous movements IN
individual stock, not usually prominent IN
the trading, continued to be a character
lktic or the movement and there was plenty
OF irregularity in the movement. But the
market was so broad that active profit
taking went on good part OF the time,
side by side with the rapid advances at
other points in the list.
notable characteristic Of what IL called
a real bull market in Wall street Is the
sustained activity In the dealings in place
OF very irregular movement OF prices.
tered sources and from speculative opera
tors who are not adopts In the conduct OF
quick sympathetic turns leave the market
incapable OF as quick sympathetic re-
sponses 20 the action of single stocks as
would be the case when practically all the
operations are congested in the hands OF
powerful Individual spectators or combi-
nations familiar with each others devices
and modes and with perfect facilities for
immediate operations on the floor of the
STOCK exchange. At no time this season has
the market looked less professional than
II did today. but at no time has the appear
ahce been Sc highly speculative. The de.
velopment OF a decided movement in any
quarter was quick to attract a heavy fol-
lowing, buying in some cases being on an
apparently unlimited scale. Recent pool
favorttes held their place in the leadership
OF the market, but there was a substantial
showing Of standard railroad and indus
trial stocks added to the movement The
renewed strength in the Pacihcs was OF
notable erect on sentiment. Southern rail-
aotG STOCKS continued prominent, appar-
ently In sympathy with the extraordinary
movement in the southern steel industrials
IN, Inc melting factor in the latter group was
IRON and steel stocks moved in sympathy
but the United States Steel stocks proved
notably laggard. American Smelling con-
tinued readily responsive to the operations
"a
Other metal and smelling stocks were
heiped by this and by the increased divi-
company. The speculation in Reading was
also actively pushed although that stock
Ialled TO reach its highest record price and
These special features In the speculation
VIII account for gains running all the way
from from ~ to over II points. Money rates
were easier and this was the prime stimu-
iating factor on the speculation The more
ieassuring conditions i'm Russia were be-
neved TO be a safeguard against renewed
pressure on our money resources from
foreign quarters.
The restoration of surplus bank reserves
Ieported IN the Saturday bank statement
was regarded as assurance of the position
OF the loca! money market and confidence
was generally expressed among the specu-
week ago marked the passing of the crisis
OF the autumn money market However
mere We're Arm discount markets today,
both In Paris and Berlin, and the price az
gold was marked up in London There wa .
an early advance on foreign exchange here,
Dut the appearance Of finance bills in the
market caused rates to decline. New York
exchange at Chicago rose to 70 cents pre-
MUM MUM iast week The issue of the japanese
reiplndinB loan Is reported imminent and
on thursday of this week the city OF New
ioIk VIII Issue sl2,5OO0O0 of bonds. The
notice OF withdrawal of the government $
refunding offer by November q was not of
any effect. The taking OF profits on the
cay rise affected the market quite gen
e eIaIiy during the final hour and made the
., Bonds were firm Total sales. par value.
si,S1o,UO. United States bonds were eli un,
changed on call III wv
Foilowing were the sales and range NJ
prices on the Stock exchange today:
7