Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-12-14
NEW YORK STOCKS AND BONDS
Market i, Strong and Active Early in the
Session.
n PACIFIC LEADS ADVANCE
Prices Break Late In the
Day ON Heavy ResIisins,
but Quiet Reaction
Follows.

NEW YORK. Dec. 1S.--The Stock market
continued to show the organized operations
OF speculative parties and pools in the
part of the market, while stocks were fed
cut to realize profits at other points. The
other conspicuous points Of strength early
and the tone OF the market after a time
reflected an unfavorable effect on the sentl-
ment. The bad effect was partly removed
by the coming into prominence of Amalgn-
mated Copper and seemed entirely removed
by the reverson of the demand TO the rail-
road list led by Union Pacific. The trans
actions in these stocks were of extraor-
binary volume and Union Pacific rose
easily by successive stages to a new record
do in pulling up prices elsewhere that had
developed pretty general sagging ten
dency, including sharp reactions in stocks
which had been opened at violent advances.
Call money was appreciably easier again
and standing loans of that class were re-
newed by the banks and trust companies at
3 per cent compared with yesterdays pre-
vailing 10 per cent rate. Assurance was
not fully restored that the money market
could be kept exempt from disturbance for
the rest of the year, and the quotations for
time loan for the shorter periods continued
very firm with commission exacted for Sc
curing c.n thirty, sixty and ninety-day loans be
immediate supply of money more plentiful
the impatient speculation was quick to
avail itself OF the means afforded and to
rush into any point of the market that
offered a promising lead towards an ad-
vance. Less attention was paid to the
foreign situation and money markets abroad
showed no appreciable changes. Selling of
stocks for continental account, however,
was reported from London. The movement
In Amalgamated Copper was but n supple
ment to the universal speculative activity
In securities associated with the copper
INDUSTRY Li,ip Its advance 10 par was greeted
with demonstration The price OF the
metal continued to advance here and In
London and reports were current OF sales
being made at much above the market to
secure early delivery. a favorable effect
was produced by a report that settlement
had been effected of the dispute over
freight rates for corn export averting the
threat OF war OF rates between the At
lantic and gulf port terminals for this
traffic.
The easier tone of the call loan marlect
was closely followed by the recovery in
foreign exchange. The recent selling of
securities here for foreign account Increases
the demand for exchange. The statement
Of agricultural exports for November, how
ever, showed an expansion in value over
those for the corresponding month of last
year Of 81, 800, 1875, the value of cotton ex-
ports rising well over those for last month
and reducing the discrepancy with those
for the November preceding to less than
S2.00OO00. Exports Of breadstuffs and provi-
sioEs, meantime, show a heavier valuation
than for any month in more than two
years past; The assembling OF the United
Mine Workers convention, fixed for >to-
morrow, received good deal OF discus
sion and was held to account for the re-
straint manifest in the movements of the
coalers The judicial decision in the New
York municipal elections was the ground
for the furry In the local public utilities.
The profit taking under cover of this last
hour and sent prices downwards with some
precipitancy and especially in the buoyant
checked and some Roadway effected towards
rally, leaving the closing tone irregular.
The following was the range of prices on
the New York Stock exchange:
90 10Th lou