Omaha daily bee., 1906-02-22
NEW YORK STOCKS AND BONDS
Market is Generally Lower Due to Lack Of
Support,
REALIZING PROCESS CONTINUES STEADILY
Higher Rates for Money Drives Specu-
1ators to Cover-Prospeet of Coal
strike an influence
on values.

NEW YORK Feb. n.-Prices OF stocks
turned downward today and little evidence
was left OF the hopeful speculative senti-
ment with which the week opened. The
yielding tendency in prices was due as much
to lack of support as 10 any active pressure.
bpt tSe weTe n0s En sn6 ,bs ds
mand languid and Indifferent. The steady
dribble of liquidation met no important
buying orders and there was marked
lack of resilency.
There were no important news develop
ments, but speculative operators very gen.
orally felt a sense Of disappointment over
the action Of the market yesterday and its
easy yield TO the furry In the call money
market The sensitive condition thus indi-
Gated In the money market was felt to be
bad augury for any attempt to revive
active speculation The low condition of
banking 1t reserves and the many require
currence of such iurries from time to time
probable. Time money was not notably
affected today by Yesterdays development
in call money with the easier rates for
time loans however, an effect had been
produced on the interior exchange In New
! SO cents premium last week has got back
to small discount. Some attention Is
| given TO the minor disturbances in the Chi
detailed estimate appeared in Wall
street during the day of the leading bond.
debenture and stock issues which have
| the wear. which offered an aggregate nf
| $3.50. 255 400. not including municipal issues by
| CORPORATIONS. Inc nSl lnCluues Only
securities issued or to be issued immediately
and does not include totals newly authorized
| but not issued at once. 1t Is estimated that
| about Is per cent Of the issues is for refund
ing purposes or for the purchase of other
| securities already on the market. But the
| aggregate OF new capital called for Is sum
| GENTLY imposing and Is expected to be
| added to largely in the immediate future
| Foreign political DEVELOPMENTS had Their
influence on the stock market bv reason OF
the money Situation and the possible effects
| there rather than from any fears of the
! immediate effect on values on securities In
| New York from a failure of the Moroccan
| conference.
j Some OF the DAVIS movements indicated =
which have been so large an influence OF
| late. The departure from the city of Presi
dent Hill without announcement of the
| supposed projects Affecting the properties
| ~ which he is tho fna6 ---ns occount-N' ~
for the sharp decline IN those stocks. Less
confident assertions were heard of ths
ALLEGED copper deal. The views expressed
ers, as to the chance of settlement of tht
labor controversy also were discouraging
Sub-treasury operations have turned agains
the banks with the withdrawal since thu
bank statement Of s264 600, but heav,
debit balance TODAY at the clearing hous'
indicated an adjustment of this drain b,
the government institution. The covering
to take their profits on the days declin,
made the only force towards the late feeb
rally in the market and the closing wa
generally easy.
Bonds were heavy Total sales par value
s? 230,0o0: United States bonds were all un
changed on call.
The following was the range of prices on tn
|