Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-11-04
new YORk STOCKS AND BONDS
For the Fourth Consecutive Day Sales
Exceed Million Shares
READING DOMINATES THE MARKET
stock Continues 60 Rise and shorts
Fear q Corner-Late Market Lower
on Prospect of UnfsvorabIe
Bank Statement.

NEW YORK. Nov s-For the fourth con-
eeCUuve oay SAFES OF stocks exceeded Loo
vvv snares for the ody On tue otOcA ek-
cnange. This counts the tO0,UoV,UJO m Read
Inc sdies as fun snares. AS Reading alb
sOrDeu the overwhelming proportion OF tue
Gay oeallnss' the COMPARISON with ordl-
eraOly affected. The movement in Reading
dominated attention throughout the day.
us moderate advance IN the morning car
req tue market with II, but In Its more
violent and feverish stages tts effect upon
the general speculation became unfavOra-
bie, consequently the market moved con-
trary to heading the response to AL nuc-
tnauons beng remarkably close, As a re-
suit the considerable gains which were es-
tablished at one time we're entirely wiped
out at another when Reading was In the
course of its higher flights. Fears contin-
ued that a corner in the stock was about
%, 70 De preeipltated WHICH misht demoralize
entity denied tnat there was any danger Of
corner, but they persisted in predictions
and, as they were apparently able to force
their predictions, there was not much conn
fort for the shorts in ASSURANCES against a
corner. The speculative dread of a corner
lies not only in the losses involved BY the
shorts, but the difficulty of completing the
operations owing to the residue left In the
hands of the conductors Of the corner after
a settlement with the shorts has been
enforced. This residue In the slang OF the
market Is known as the corpse" and offers
peculiar embarrassments in It's disposition.
The shadow of threatened corner in the
.iAoa may HuiuGlcntiy explain the RTOH-
Ing hesitation of the speculative tone. A
heayy RESUMPTION Of the movement OF cash
10 the interior indicates a poor bank state
, ment for tomorrow or the loss by the
banks of $3,3lI000 to the subtreasury 81 $50 :
| 200 Is accounted for by the deposits at that
! Institution by the banks for telegraphic
transfer to interior points. Statements by
| the banks themselves Indicate that rather
! more than this has gone to the interior on
4 the direct express movement. This would
| Involve cash lose OF upward of 5000 600
The revived activity in the. speculation
seems to promise a considerable loan ex-
| pansion, which would aggravate the en-
Sroachment on the surplus reserves. Ster.
| ing exchange was firm at further slight
ADVANCE and discussion continued on the
| mkeihood of an export movement OF gold
| Inc hurry In call money rates early in the
gay emphasized the influence of the bank.
| ing outlook and prices ran off wiping out
| gains, except in few cases where special
| movements had been in force.
| Amongst such movements that in Erie
was sort of pendant to the Reading move.
| ment and was I'm the same hands Other
| special movements were in Canadian Pa.
cine. Smelling and Railway Steel Spring
| heading sold as high as 1894 but closed
| az lSo. a rise of 81 over night and points
above the high price touched yesterday
| Bonds were stead tNta' e-'es mar value
- United States bonds were all un
| changed on call.
Quotations on the New York Stock ex
change ranged as follows: