Omaha daily bee., 1906-01-30
new YORK STOCKS And BONDS
Early Market is Irregular on Active
Support frsm Spectators,
SHARP SELLING LATE IN SESSION
CIOsin. H. weak and DisordcrIy
with Leading Issues from
Two to six Points
Lower.

NEW YORK, Jan. 29.-The mixed tone of
speculation To-Day gave place in the late
dealings to another sharp selling movement
leading up to the weak ana olsOruerly cos
ing. ihe support accorded the market dur
ing the carry part OF the day had some eff
feet in reassurlng sentiment and in dissi-
patlng the forced liquidation OF saturday IN
few of the most speculative stocks. Ii be-
came evident as the day progressed That
the cessation OF active pressure OF saturday
was not resulting in any large renewal of
speculative demand for stocks. The wavet-
Ing fluctuations OF the day were followed
by general declines under the pressure of
wid,iy extended liquidation. The motive
for the buying in the late stages of one or
the most sensational advances in the mar
ket have been almost entirely limited to
the belief that there was other buying on a
large scale. Last weeks demonstration,
which was clnched by the snarp drop on
stead OF buying was going on, deprived the
speculative enthusiasm OF it's principal mo-
tive. Conditions of property or OF business
or financial auairs are coming to play "A
very small part in some OF the most SenSa-
tional movements in the market. As a con-
sequence the weakest of features on the re-
action are not connected with any new de-
Velopment. But with the reaction fairly in
force attention was given TO suggestions OF
an untaVorabie purport which nave passed
unheeded for many weeks, although quite
as obvious as they were today. For IN
stance, there was a sudden recrudescence OF
apprehension over threatened legislation
anu legislative Investigation.
The tone of the reports from railroad
tive than of late, the easing of the ear sit
uatiOn being admitted and the untavorable
effect of the mild weather on the demand
for some lines OF winter goods and on coal
also was admitted. The expanding tendency
of the lean account by BANKS ana the SEEM
ing imminence OF an outward movement of
gold caused some effect on the recent pre-
Vai1ing confidence over the easing tendency
of the money market. Interior banks, wnicn
placed loans in New York on their own &C
count curing the money stringency, are
now calling these loans for reuepOslt IN
New DIRK banks, and this is said to be a
| prime factor in the large expansion last
week of the loan account OF the New YORK
| banks
Tne stock market was closely affected in
/ sympathy with the course of Reading.
/ " hiIe that stock was strong the general list
/ held welf and Union Pacific, ST. Paul.
/ Amagamated Copper and Rock Island is
! sues made some aggressive show OF
strength, the last named on the favorable
| report of net earnings for December.
} " men the lightness OF the speculative de-
mands for those stocks mad been demon
| strated and the downward course of prices
established the decline became rapid. Stop
| loss orders were uncovered and speculative
| holdings were thrown over with precipltd-
| ton. Inc market closed in "a state Of semi
decentralization and at net declines, running
| between and over points tor all or the
best stocks.
| Bonds were steady. Total sales par value
| s. SsO,OOU. United States - declined a pei
cent on call.
| Following were the sales and range OF
prices on the Stock exchange today: