Omaha daily bee., 1906-01-20
NEW YORK STOCKS AND BONDS
Market Shows Greatest Breadth and
Variety Of Present Movement.
LEVEL OF VALUES LIFTED UNIFORMLY
Points of strength Constantly De-
velop Regardless of Realizing
in other Portions of
the List.

NEW YORK. Jan. l9-The market showed
more breadth and variety today than at
any time during the current speculation.
The aggregate dealings fell short of what
would be supposed from the constant activ-
lily OF the dealings. owing to the fact that
there was less congestion in the great mar
ket leaders than in the case on some occa-
sions OF great speculative animation. A
very large number of separate issues which
go TO make up the total Of todays dealings
were dealt in in smaller lots and show less
inertia than the great railroad and Indus
trial corporations. of which the floating sup
ply necessitates enormous transactions be-
fore any impression Is made on prices
A number of the prominent standard
stocks made cSnspicuous moyemehntis, h 1s,si
of the market was lifted pretty uniformly.
There were some laggards in the movement
and the volatile upshots at other points
varied widely from the average movement
But the comprehensive advancing tendency
was conspicuous. Points of strength con-
stantly developed without any regard 70 the
realizing in progress at other points, which
caused some irregularity in the price move
ment at different times. There was little
news 70 account for the action of the mar
ket, but It was broadly based on the heavy
Increase in the money market supplies by
reason OF the great aGeumnIat 10 Oh rSs
The preliminary of the weeks currency
movement gave promise that tomorrows
bank statement will disclose cash gain
which will compare favorably with last
weeks great increase. Subtreasury opera
tions alone have yielded to the banks up
ment by express from the interior are more
elastic, but the statement furnished by the
banks themselves indicate that, after all
allowing for the shipment OF H.OO0,t00 in gold
to Mexico the movement to New York on
balance will bring the weeks gain in cash
up to anywhere from 100000 to Sll,OyOOOO.
This estimate covers the operations IN to
Thursday night only and those for another
day both on subtreasury operations and on
the express movement will figure in the
weeks bank statement The discount rate
in London Yielded a fraction today and the
further rise in the sterling exchange rate
at continental points marked the further
relaxation Of the condition at London. This
development seemed TO relieve apprehen-
sion Of any urgent pressure upon New York
from foreign sources. The moderate firm
ness in the foreign exchange market here
strengthened this probability.
The most conspicuous feature In today
market was Reading. which responded vio-
| lently to resumption of operations oy the
pool in the stock which conducted It's pre-
vious brilliant advance. which was widely
exceeded by today's squirt. The jump In
Anaconda was accompanied by rumors OF
! the practical cornering of the stocks by in
| terests affiliated with the present CONTROL
| ing interests. Amalgamated Copper made
| a brisk recovery from the late drop yester-
! day which was alleged TO be due to disap-
pontment over the amount of the increase
| in the dividend rate. The further decline
| in the quotation for the metal on the Cop
| per exchange and the sharp drop IN the
| London copper market did not affect the
recovery in Amalgamated Copper The de-
| mand became furiousy active after the
! profit taking of the final hour, and the clos
! ing tone was extremely buoyant at the top
| level.
| Bonds were firm. Total sales, par value
| Sc 1OOO 600. United States new As coupons adj
vanced a per cent on call.
| Following were the sales and range oi
prices on the Stock exchange today:
| Sales High Low Close