Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-11-01
NEW YORK STOCKS AND BONDS
BuOysnOy Of Foreign BOuuss on Russian
Situation Reflected on Wall Street,
MARKET IS STRONG AND BROADER
News ~ Generally Interpreted
as LesseninR the Pros
poet Of Exports OF
Gold.

NEW YORK. oct 3l.-The manifesto Of
the Russian emperor and popular represen-
tation In national legislature sent slim,
ulating current through all the financial
centers OF the world which was as effective
in its way as the more sentimental efect
on the worlds population of the historic
event Probably the movement OF the
worlds markets was not intended as final
judgment on the system offered to the
Russian people. But as an expression OF
relief at the finding of a path out of the
conditions which have been running to a
crisis in the Russian empire. the movement
was of undoubted significance. The effect
of the Russian situation has found its out-
let to the worlds markets through Paris,
owing to the enormous holdings Of Russian
securities by French capitalists and the
dread Of financial consequences in Paris in
the event Of a breakdown Of the govern
ment at st. Petersburg has been the cloud
which has most obscured the fnaeial pros
pect recently. It's shadow on this market
has been through the International ex-
change situation, owing to the spread of
depletion Of the none too ample bank re-
serves In New York by Withdrawals OF
gold for shipment to Paris to fortify the
banking condition there
The news this morning was Immediately
interpreted as lessening and probably avert
at this time. The effect in the stock mar
ket was p greater degree of strength and
more widely diffused than at any time in
the recent trading. The volume of activity
was not, however. greatly expanded and
did not reach the aggregate of the most &C
tive days of last week Outside particpa-
small, professional operations making up
the largest part of the dealings.
The New York money market was &C.
cupied today with the November settle
ment and the call loan date was affected
accordingly. The renewal of the interior
demand for currency was still in evidence
and New Orleans took 100000 in currency
through the medium OF the subtreasury
While stocks showed a fair degree of gen
eral strength the speculative attention was
much concentrated on special stocks Read
ing and the Smelling stocks held their con-
| spicuous position as in the recent market
The reported purchase of the Lehigh Navi-
| cation company fostered the belief in the
working out of further important plans for
consolidating the anthracite interest. The
movement of National Lead in sympathy
with Smelling indicated the belief In an in
| the part of the smelling companies. The
| United States Steel stocks were rather lag
gard In the early stages of the days move
ment, but were firmly held in the eXpecta-
| tion of a favorable character OF the state
/ ment Of quarterly net earnings to he pre-
| scented during the afternoon. The retreat
OF a large bear interest was an element In
the strength of the days market and some
| of the covering OF shorts was reported to
be for London account. The market had "a
| take some of the inevitable proft-taking
| on the days gains by the professional ele-
ment and some impression was made on
| the best prices by these prices. The closing
was fairly steady but dull.
| Bonds were strong. Total sales par value
! 81 S35, 200. United States bonds were all un.
/ changed on call.
| Quotations on the New York Stock ex-
IaI,r 80