Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-02-07
NEW YORK STOCKS And BONDS
Market in Hands OF Professional Spectators
Of Smaller Glass.
RAILWAY SHARES FIRM AND HIGHER
Probability of AvertinG strike OF
Anthracite Miners and Increased
Earnings the Principal
News Factors.

NEW YORK, Feb. 6--The stock market
gave further convincing evidence today of
It's lapse into the hands OF professional
operators on the smaller class. 1t was
evident that transactions originated for the
most part within the walls of the exchange.
The inclination was to close up transactions
during the day, the result being a later
retracing of earlier advances. The safes
Tor the day again fell below the million
share mark, thus putting an end to a series
OF one to one and one-half million-share
days extending without interruption back
to the first week in December. This is
claimed as record period for the mainte-
nance of such great activity, exceeding
the spring of 1901 and also that of 1904.
although the great record days of those
movements have not been approached at
minating
The narrow dimensions OF the market
deprived 1t OF any great significance in it's
bearings on larger conditions. The recovery
which set in DUNG the latter part of yes
terday was extended in the absence of OBJ
stacles in the shape of renewed liquida-
ton. But the demand became more Ian
guild as the advance made progress and
hesitating tone developed at the higher
levels Such activity as there was, conferred
| largely in special stocks and the strength
shown by these had notable sympathetic
effect on the general list; The Hiil rail
roads once more rose, notably on the repet-
| ton of long familiar rumors OF the dis
posal of Great Northern iron ore lands on
advantageous terms to the United states
Steel corpora ton, the common stock of the
| latter sharing in the strength. Union Pa
| cif1c showed its usual benefit from n rise
| in price i'm Great Northern preferred. 1t
was also affected by the conspicuous ad-
| vance in Illinois Central, which was at
| tributed to the rumors of absorption in
| the interest of Union Pacific. A wide
spread effect in the market resulted from
| these particular movements. Reading was
another conspicuous figure and its sharp
| rebound was due to some subsistence OF
! the acute apprehension felt yesterday re-
| garding "a general strike in the coal trade.
| Sentiment on this subject took on the form
| of uncertainty and uneasiness rather than
\ the conviction felt yesterday that the strike
| was inevitable. The decision to send rep
| resentatives of the miners to New York
| for a conference with operators and OFF,
responsible for the modified feeling on the
| strike outlook. Southern railway reported
an increase in gross earnings for that pc
| Rod of 81 per cent: Chicago Great West
ern, &c per cent; Colorado & Southern, q
| per cent for the month of January; Great
| Northern, % per cent, and Illinois Central
| 9 per cent. The regular dividend on Can
holders who sold the stock. with consequent
weakness. The price of copper was lower,
| both in London and here, but Amalga-
| mated Copper was moved In concert with
| the rest of the market
| The subtreasury continues TO take funds
from the money market. which was firmer
| for time loans today. Foreign exchange
| was also inclined to advance. Prices OF
| stocks yielded easily to the professional
| profit-taking of the latter part of the day.
| The closing tone was easy and the earlier
| advances were much impaired.
| Bonds were steady. Total sales, par value,
| 81, $4,000 United States bonds were all I'M
changed on call.
| Quotations on the New York Stock ex-
| change were follows: