Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-11-16
NEW YORK. STOCKS AND BONDS
Market iS DOninstsd BY the Various IsRu-
snoss Surrounding st. Paul.
VALUES ARE USsETTttO TO STRONG
More RumOrs OF closer Alliance
with Hartman Interests send
stock Up-money Rates
Are Easier.

NEW YORK, Nov. l6-The days market
was dominated by various influences in
keep sentiment on the general market
good deal unsettled. Sales to realize on
the wide advance OF the last few days
caused an appearance OF weakness in St.
Paul 10 which the whole marked responded
and again when st. Paul was supported
and showed signs OF heavy accumulation on
a rapidly rising scale the whole market
once more turned strong. This was largely
due to the belief amongst professional OPP
orators that they could read the course OF
the Standard OIL group of capitalists In the
to follow that leadership.
The general public was not largely In ev-
denced in the market and seemed too timid
about attempting to read the evidence Of
this supposed leadership IN the speculation.
There was no news to Indicate the causes
OF the St. Paul movement beyond the re-
iteration Of previous rumors. The suppose
ton that subscription rights to new stock
were in view was fostered by the manner
in which the rise IN the preferred stock
kept pace with the common stock. although
on nominal dealings. on the other hand,
the close sympathy In the movements Of
St Paul and Southern Pacific was regarded
as corrOborative of suTmses Of a closer
relation with the Hartman combination Of
railroad properties. The dealings in the
general market were duler and the luctu-
atoms narrower than yesterday owing TO
the confusion caused by the varying move
ments IN the market leaders. There was
some disposition to look for motive in
the occasional heaviness Of the market to
the Inauguration OF the governments prose-
cution against the Standard OIL company.
The stock Of the company In the curb mar
ket fell sharply some 20 points from the
previous days price, following similar de-
clines for several days past, but the par
cells Of shares dealt IN were OF a size which
Is not accorded an oficial quotation In the
case Of any stock when dealt In on the
exchange.
Opinion was confident that conditions in
| the money market are working towards
! greater ease. The weekly statement OF the
| Bank OF England disclosed a degree OF re-
/ cuperation which promised sufficient inn
/ provement in time TO meet the year end
! drain and less fears were entertained OF a
/ rise to per cent In the oflcial discount
I rate before the year closes.
IL was freely urged in the stock market
today that greater freedom in extending
credits may be looked for now that the
| period IL set with the requirement for the
! window dressing In expectation OF these
! calls. The agreement upon plan OF cur
! rency reform for presentation to congress
! was cited as factor In the ENCOURAGEMENT
felt I'm speculative circles. st. Paul rose
/ during the afternoon ~ points over last
| night and the whole market was strong at
| that time. but the closing tone became un.
| settled and irregular again when st. Paul
I lost all but one-haif Of It's rise
Bonds were steady. Total sales. par value
S1.736,O00 United States 2s declined y per
1 cent on call.
! The Following was the range OF prices on
| the New York Stock exchanges