Omaha daily bee., 1906-10-16
new YORK STOCKS ANDBONDS
MARKET Active During First Hour, After
which Trading Becomes Sluggish
PRICE MOVEMENT ALMOST IMPtRctPTIBLE
Most Noticeable selling is In
Reading and Union Pncinc-
Money Conditions Little
Changed.

NEW YORK, oct 15.-Today's stock mar
ket was but a dull affair. There was a
considerable number of shares sold during
the first hour, but after that the trading
became almost stagnant and the slukgish
movement OF pfices was almost inpercep-
tible during the midday period The selling
was most noticeable I'm Union Pacific and
Reading Its source and its motive were
not clearly understood Revived assertions
that government measures were In contem-
plation to contest some Of the Union Pa
cities holding Of lands taken over from
the public domain were given as one ground
Active selling was attributed to the So
called western party In the speculation,
large operations in the market for some
time, whether on the long or the short
side. rhe profound duliness which over
ceased Indicated strongly that they went
far 10 make up the whole market. The
public attitude towards the market 10 one
of entire neglect. The action of the market
suggests also that the large financial
interests which have been credited with the
intention to keep the market alive desisted
as to the motive for this attitude. Po-
litcal uncertainty Is a favorite explanation
with the professional stock operator.
guilty of the money market and prQtect-
ing II from the extra strain of an active
stock market is generally admitted TO have
force. Conditions in the money market
were little changed. but the upward course
in sterling exchange which was 50 marked
n OF idSl week eNtnAs was shaibiy
reversed and there was considerable re-
action. Sterling also fell at Paris and Ber-
lin. The point of relaxation was not IN
London, for discounts there rose again.
The Bank of England secured all the gold
arriving In the market at reduction
from the previous price, but the amount
thus acquired. which reached only $3.50 600,
was offset by the withdrawal of another
$4,000 from the bank for shipment to
Egypt This is a slow rate OF recupera-
tion for the depleted reserve Item shown
by last weeks statement Of the bank II
was rumored that Berlin bankers were dis
cussing measures OF Discrimination against
ployed by the Bank of England before the
advance in its official rate.
Agricultural reports from this country
showed a falling of for September from the
same month last year the large decrease
in cotton exports serving more than to
overcome the increase in other products.
The continued rise In price of cotton since
is against an expansion In It's export A
number of dividends were payable today
and shipments were made of between
OOO and $3,00o0C0. to Toronto said TO
be for the protection of the position of a
recently merged bank. Money rates here
were not perceptibly firmer, but last week
dence. Railroad traffic officials reported
! increasing pressure for cars with the threat
| of damaging freight blockades when lake
| navigation closes or In the event of any
weather obstruction to the traffc. Most OF
| the early declines were recovered In the
| slow hardening movement, but the closing
was slightly irregular.
| Bonds were irregular. Total sales, PAL
value, 81, $4,000 United States bonds were
| unchanged on call.
| The following was the range OF prices or
the New York Stock exchange: