Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-10-26
NEW YORK. STOCKS AND BONDS
Market in EARLY Hours is Active, Irregular
and Uneven,
ABRUPT AND GENERAL FALL NEAR CLOSE
Break in the Final Dealings
Carries Prices COMPARATIVELY
Below Tuesday Nights
Level.

NEW YORK. oct. S.-Todays active
market was irregular and uneven up to
hour oe trading. and the conflicting tnit,rts
In The market werc so striking at times as
TO give II q decidedly fevelish tone. Sf"ou.
c sn in which there Vas SO sons degree
Of excitement and an advance to record
prices in important members of the group
Including Reading, Delaware & Hudson and
Central Railroad of New Jersey,
A conspicuous leadership in the operation
was held by operators on the floor OF the
exchange who have figured prominently
in the transactions in Reading for many
months past. No actual news was FORTH
coming to explain the movement beyond
general consideration on the trade. Reports
pointed to good activity in the Industry but
dwelt with some insistence upon the action
of the companies in accommodating stocks as
safeguard against possible labor troubles.
The market passed over this suggestion
with an equanimity not always shown to-
wards anything bearing on the labor cues,
further attention, but there was marked
disposition to discriminate amongst the
members Of this group which was result
of the uneasiness caused by the low grade
Of some OF the stocks which have been
stirred up into prominence lately Some of
these were influenced by special consider
atoms. The movement in Locomotive took
on a new lease of life on grounds of trade
activity now well known. The other roll
road equipment stocks were rather unrepon-
sive. A temporary advance in sugar was
due TO a suggestion OF a possible coming
distribution OF surplus earnings, The rise
in Pacific Mail was explained by the return
from an oriental trip of the head Of the
company.
The advance in the coalers had some SYM
pathetic effect in the railroad list, but II
did not extend far and did not persist
There were points of weakness amongst
minor stocks throughout some of the low
priced issues suffering sharply from move
meats to take profits. The pressure upon
Rock Island was especially threatening and
was prompted by the disclosures of ar
amount Of earnings in the annual report
which was insufficient to meet the preferred
divident requirement..
Money continued relatively easy, but as
| a result of this condition, foreign exchange
made a further advance to within the I'M
mediate neighbourhood of the gold export
Paris and a further rise in the discount
rate at Berlin were additional factors max
| ing towards gold exports New York eX.
change at Chicago also fell to a discount
| The special weakness of the local Traction
stocks was attributed to opinions on the
| local political outlook, although the speca
weakness OF the Metropolitan stocks wal
| and the heavy selling of Rock Island were
! the principal factors In breaking the marke
and in causing the abrupt decline of the
| last hour which carried prices compTehen
sively below last nights level. HastS
covering of shorts by the bears indicted
| a sharp rally and the irregular closing tone
| left price changes very irregular and no
stocks.
! Bonds were irregular. Total sales pal
value $3170,O00 United States Is declined
NH per cent on call.
/ Quotations on the New York Stock ex
change ranged as follows:
L