Omaha daily bee., 1906-06-05
NEW YORK STOCKSAND BONDS
Market Has Appearance Of Greater Bresdt b
and Variety.
EARLY LEVEL OF VALUES is HIGHER
Closing Tone H. Irregular and only
the strong stocks Remain
at the Top
Level.

NEW YORK, June 4-There was some
increase Of the volume Of dealings in to-
days market over last weeks daily av-
erage The dealings were more distributed
amongst different stocks also, giving the
market an appearance of greater breadth
and variety. Prices were higher than at
the close of last week Yet the movement
did not serve to convince sentiment, which
remained uncertain and skeptical.
Commission houses complained of an en-
tire lack Of orders and a profound in
difference towards the market so far as
the general public was concerned; Opera
tions were pronounced to be in the hands
of professionals and the greatest part OF
the activity to be confined within narrow
limits in the professional field itself. The
activity OF this element showed ten
dency to break away from some Of the
recent favorites and TO develop new lines
The strength which the market showed was
at no time comprehensive. The early ad-
vice showed some conspicuous absenta-
lions amongst prominent market leaders
Some of these were brought forward later
in a way that would have rectified the
irregularity Of the market had II not been
that realizing interviewed in the earlier
strong stocks and broke up the continuity
of the advance. The strength OF the gran
gers was fairly comprehensive and was
fostered by the confident feeling reported
by railroad traffc officials to exist amongst
business men in the grain region, as re-
hected In the movement of merchandise
for future consumption in that region. The
cotton carriers made narrower and less
comparative movement, the erect OF the
good comparison with last year shown by
Ine government fnOnIniN report OH COlAOu
being modified by the action Of the cotton
market itself after the appearance of the
report St Paul continued TO hold prom
inent position on the continued belief that
subscription rights would accrue to stock
holders as a result OF the plan for rails
ing more capital Amalgamated Copper
weakened rather notably on the first APP
pearance OF the company's annual report
but the character OF the buying of the
stock on the decline drove the shorts IN It
TO cover Colorado Fuel made a further
advance, accompanied by a variety OF COS
sip alleging it's intended absorption either
by the United States Steel corporation or
by the Republic Steel company. Brooklyn
Transit had a Characteristic movement
based on estimates of the profits or the
Sunday traffic of the system. A revival OF
the Reading movement became the feature
| Of the market after a season OF heaviness
huence against the realizing that developed
| at other points.
| There was a decidedly easier tone in the
| time money market and this extended to
! of the year, although rates for these Pc
RODS were still relatively firmer than for
| the earlier maturities II was believed that
| the real gain in cash by the banks last
week was shown to only small extent
| in the bank statement Saturday. Further
| large transfers from San Francisco were
| received and more are expected. At tht
| same time the easier tone of money al
lowed foreign exchange rates to harder
! without inducement for large offerings OF
| bills in that market in spite Of the closed
! foreign markets. The closing tone of the
market was irregular with only a par
of the days strong stocks maintained al
! the top level.
Bonds were steady. Total sales pal
value, 1855. 900. United States bonds were
unchanged on call.
The following was the range of prices OF
the New York Stock exchange: