Omaha daily bee., 1906-07-20
new YORK. STOCKS AND BONDS
Days Dealings on Wall Street Exchange
Apr aches Years. Record for Dullness
raw ISSUES MOVE As MUCH As A POINT
Union PRcihc Says Lastly on An
Rouncement Of Extra Dividend of
One-ouarter of One Per Cent
for the Quarter.

NEW YORK, July ls-The years record
TOT dullnees was approached In today q
business at the Stock exchange. The tedious
shifting operations Of handful OF room
traders and they we're not sufioient TO
erect sh any appreciate movement; Few Of
point from last nights level Interest in
the market seemed entirely dormant until
the sharp rise at the last when the market
held firm on the Amalgamated dividend
announcement No less than three meet
ings Of corporation directors were sched-
been attached in the previous stock mar
ket discussion and upon which speculative
hopes SPEts had been based Or progressed. II was
could not be held owing to the inability TO
secure quorum Of the directors. II had
been predicted with the usual show of
confidence that the long expected financial
plan for the construction Of the Pacific
coast extension was to be considered at
this meeting and an official announcement
prepared. The market received the report
OF the abandonment Of the meeting without
ripple.
Special EFFORT had been made TO drum ur
a quorum of Union Pacific directors, but
they attended to only routine matters and
left the decision. OF the next dividends in
the hands of the executive committee
Confident assertions had preceded the meet.
ing that a large extra disbursement would
be made out OF the proceeds of sales OF
the company's holdings OF Great Northern
preferred and Northern Pacific stock. The
day OF dividend announcement on Anal
speculative excitement in periods Of &C
tivity in the market than almost any Other
event The only spark Of animation thai
the market showed during the day followed
the assembling OF that company's directors
Various predictions had been heralded oil
the probable action ranging all the way
from a passing of the dividend to an in
crease Of 8 per cent. The stock saggec
lazily on the announcement of the re
tention OF the last dividend rate OF IN pei
cent to Y per cent extra for the quar-
terly period.
Foreign markets continued under tn,
weight of the discouraging outlook In Rus
sia and II was reported that the DondoI
market was affected by supposed liuuida
ton on account Of the Belt estate A re
port came from Chicago that railroad com
panles were borrowing heavily from bank
| there at 5Ik TO per cent to postpone Of
| ferings of securities in the present un
/ favorable market. The outcome of tomor
rows offering Of S3O000,000 of Panama cana
| bonds and the completion OF the repayment
| of $4,000, 900 of government deposits which
have been recalled is awaited with interest
| The professional element drew negativ
deduction favorable to a rise from tn
| lack of pressure on the market, which re
suited from the disappointing outcome o
| the three meetings Of the day The stron
| closing was the consequence OF the onl
demonstration OF activity for the day
| Bonds were irregular. Total sales, pa
! value, H,377,000 United States bonds Wer
unchanged on call -
The following are the quotations on tn
| Stock exchange: