Omaha daily bee., 1906-11-28
NEW YORK STOCKS AND BONDS
Wall Street Yarkst Again Gives Sui
stantial Evidence Of Strength.
HlGH-PRIctD ISSUES ARE The LEADERS
NJ, X. & T. Rises on RumOrs of HEAVY
Buying for HiII CrOwd-Union
Pncinc Advances when An
nuRl Report Comes out.

NEW YORK, Nov 27-The stock market
gave substantial evidence of strength again
Iooay' the preference Of buyers turning
e1ect on speculative sentiment Of strength
~ those stocks is much more benz fetal
than when II shows only in the low prinea
non-dividend paying stocks some OF III !,
latter were represented still in the day g
auNdnces, espe cially amongst the south
western railroads. The rumors Of accumu-
lauons of Missouri Kansas a Texas shares
IN the interest of the Great North,rn con-
troI continue to have force in the specula-
greater strength of the market was the
Union Pacific annual report The accuracy
OF the forecast of the main facts of tue
lepoft made II evident that access had
been had to It by those who have been or
eratns IN the stock. The Limitation OF the
actual income applicable to dividends both
from operation and from other income, in
Cluulng the southern Pacifics, TO below IS
per cent contrasted with recent claims
that showing of at least 20 per cent would
be made, Selling Of the stock this we K
was based on a fear that unloading would
follow the publication of the showing. Tho
support accorded the stock today, cor Sc
quently found short interest uncovered
ana this helped To advance the price. Ac-
count was taken also Of the fact that only
ne mar yearly dividend on Southern Pa
cine was included In the statement or the
otheT income. The retirement of the con-
Vertlble bonds released a large amour, Of
assets in the treasury and the income from
the proceeds of securities sold during the
year are to be reckoned in addition
The buying of Union Pacific was on an
impressive scale and a sympathetic effect
was produced on the whole market. Evil
denee OF support in the outside market for
the Great Northern ore rights removed one
cause of yesterdays heavy tone. The ap-
proach Of the Thanksgiving holiday to be
closely followed by the December 1 pay
ments' had some repressive effect on the
market. December payments are usually
large this year, estimates of dividend and
interest payments running as high $780,
VO,OOO. Amongst the requirements on Fri
DAY and Saturday are included the United
states Steel preferred quarterly dividend,
calling for s., 100000, American Tobacco div
ldends OF 100000 and AtChison semi-annual
dividends on the common stock of S2,5y0,OOO.
During December the Standard on dividend
the 18th to the 18th Of December must be
paid subscriptions to the New York Central
I stock, which calls for nearly $50, 00O, co., the
| rights of subscription expiring on Friday
| OF this week. The progress of the London
stock market settlement discloses little re-
Taxation In the carry-over rate charged at
/ the last settlement. Some money is being
withdrawn from this market for Canada
| as we'll as for San Francisco. The deposits
/ for the latter purpose are Affecting the
| showing of subtreasury operations which
| have taken $2,1S8,0O0 from the banks since
the last bank statement There was some
| realizing on today's advance, but the clos
| ing tone was generally firm.
Bonds were steady Total sales, par value
| -, 900. United States 2s, coupon, the IS
and old As, registered, declined and the
| old IS q per cent on call.
| The following was the range OF prices on
the New York Stock exchange;