Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-05-01
NEW YORK STOCKS AND BONDS
Market Makes an Effective Stand Against
Pressure for Lower Prices.
MUCH THREATENED LIQUIDATION AvERTED
values Rise slightly with De-
crease of offerings and close
IL stendy-BOnds Are
Irregular.

NEW YORK, April S0.-The stock market
made an effective stand today against the
forces that have been pressing severely
upon IL ever since the San Francisco dis
aster. The markets bad period was during
the frst hour, when heavy liquidation had
to be absorbed In continuation of last
weeks movement. Vigorous measures
were persisted in, however and the large
additional offerings which came from the
market were taken without allowing prices
to break. With the success of the support
once established the buying demand started
up from the uncovered short interest Buy
ing on large scale was attributed to bear
account for some of the stocks that suf-
Tered most acutely in last weeks slump.
The success in arresting the decline in
prices also had the effect of averting a
large amount of threatened liquidation.
1t was feared that the forced selling last
week of weakened speculative accounts by
reason of the exhaustion Of margins and
Inability to afford additional supplies
would cause other similar accounts to come
tumbling after today. 1t was the percep-
ton Of this danger that prompted the Wig
orous supporting measures by the powerful
banking interests and capitalists with vital
interests in preventing the market from
falling into decentralization. The time
seemed propitious for supporting the mar
ket because the liquidation on account of
insurance companies declining TO realize on
their assets tended to decrease prices
got away from desirable level Calls for
additional margins, sent out at the end OF
last week had the Inevitable consequence
of bringing In selling orders from widely
scattered sources this morning But there
to let go as those of some of the great
speculative plungers which were hurled
into the market last week and which
broke prices. BY the end of the first hour
it was known that all clearing sheets had
passed the Stock exchange clearing house
successfully, thus demonstrating that no
| failures were caused by last weeks break
The volume of business contracted con-
siderably on the recovery and speculative
sentiment toward a rally showed degree
OF reserve and hesitation: Effective sup
| port has so often been followed on various
| occasions since the San Francisco losses
| by renewed liquidation that board room
| operators were on the constant lookout for
| evidence that long stocks were coming out
| again. The doubt whether the necessary
| measures of adjustment to the San Fran
| cisco losses had been completed was rep
| resented in this suspicious attitude OF spec
| ulation The longer the rally held the more
the suspicious attitude felt towards Il.
There was not important change IN
| the actual conditions beyond the pro-
| gress made in the necessary. adjustment
| of the San Francisco losses, the measures
remaining to be taken naturally decreasing
| in the proportion of those that. have al
ready been accomplished. .A.
The stream of currency movement 10 san
Francisco out of New York continued on
| a large scale today, but is offset by still
| larger stream of incoming gold imports.
i London discounts hardened To-Day IN re-
| Spouse to the demand upon that center for
| gold and rise in the Bank of England
| discount rate Is expected in consequence.
! The Paris bourse showed no lack OF con-
| hdence in the outcome OF May day IN tn me
| French capital The upward movement
| gathered force as the absence OF renewed
! liquidation on the advances was perceived
| and considerable recovering OF last week
| declines were made before the close. Last
| prices were but little below the pest
| Bonds were irregular. Total sales, par
value, S2,O9O,OOO United States bonds were
&C Quotations on stocks today were as fol-
| lows: