Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-01-23
NEW YORK STOCESAND BONDS
Market Again Gives Evidence Of Great
Strength and Breadth
PROFIT TAKING ON LARGE SCALE ALL DAY
Volume OF transactions shows Some
shrinkage Due TO Interrupt
ton of Orders from
west.

NEW YORK. Jan. 22-The market gave
striking evidence again today OF brcautn
and strength Notwithstanding the continu-
Gus prOfit-taking on very large scale
There was a suggestion of the large pro-
fessonal share in the market in the sys-
tematic way in which the selling TO realize
regard to the effect on prices from this sell
ing. The same thing was suggested by the
sudden way in which strong stocks moved
upwards being galvanized by the passage
of enormous orders through the market
on very large scale.
The volume of transactions showed some
shrinkage from last weeks average OF daily
transactions. This was attributed in part
to the interruption of wire communication
with the west. A very large participation
In the present market is supposed to be
due to western operators and the decrease
In activity through cutting OFF OF commune
cations with them was regarded as prop
able. There was, however, some uncer-
tainty aroused in speculative opinion py
the very obvious way in which heavy hold
ings of stock were fed out to meet the
growing public demand. II was not until
the more general advance of the latter
part of the day that this feeling showed
signs of being disspated. The violent ad-
vances in one or two stocks recurring for
some time past have given rise to a feel
ing of anxiety over the possibility of a
corner which might bring the advance in
the market to abrupt end. as was the
case at the time of the Northern PACING
corner. Anaconda and Reading are the
stocks especially pointed to by conJectures
of this kind. When they fell back during
the morning dealings the effect was bene-
fetal on the rest Of the list. The con-
sentative views reported in the directories
of some of the companies whose stocks
have been. supposed to have prospect OF
/ early dividend increases served as curb
! to the violent speculation in some of these,
! the American Locomotive stocks being a
notable example. United States Steel seems
| to be restrained by the uncertainty over
the company's policy regarding an early
| resumption of dividends.
| Union Pacific and Amalgamated Copper
|
| Southern Pacific taking up the advance
! st. Paul. on the other hand, continued an
| aggressive advance begun saturday and re-
/ ports were in circulation that the plans
| for financing its Pacific coast extension
would soon be announced. Growing atten-
! ton is attracted by the succeeding an,
nouncements of new issues of capital and
| the comment is made that such ten
dency is likely TO prove feature IN thss
officials were strkingly unanimous in thelr
| report of an easing of the car SITUATION
ditions was attributed to the. remarkably
| favorable weather for operating than u
any decline in traffic
The movement OF gold to Mexico was re-
| sumed ana a new explanation was sug'
gested in the assertion that the shipments
were in reality for account of Paris anC
designed to meet the coinage requirements
of the French government for silver. For
| eign exchange today was strong. The SUB
treasury continues to contribute large sum:
! to the money market and money rates con
demption of s500OO,0c0 of the Japanese in
| ternational loan is of future consequence
to the money markets in which the large
! amounts of japanese funds are on de
posit including New York. The renewa
of heavy realizing in Union Pacific anC
| Amalgamated Copper and the 5-point spur
| in Reading helped to unsettle the late mar
ket and the closing was very irregular anC
feverish.
Bonds were firm. Total sales, par value
s5,370OO0. United States bonds were un
changed on call.
The following were the quotations on thu
New York Stock exchange: