Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-07-25
NEW YORK STOCKS AND BONDS
Operators Working for an Advance DsIiIt
Rather Abruptly from Their Activities
SITUATION IN RUSSIA THE CAUSE
Spectators seem More Inclined to
view the Outlook more seTi-
Ously Than the Day Be
fOre-CIOse IL Heavy.

NEW YORK. July 2A-The operating
forces in the stock market, which mad en-
barked in movement for an advance in
their immediate plans today and desisted
rather abruptly from their activitles.
These activities were quite strikingly
turbing news from Russia, making Wall
street an isolated issue OF strength among
the group Of the worlds great securities
markets. II did not develop today what
was the metive for the change in mar
ket tactics, but II was the general sup
position that a revision Of previous esti-
mates of the Importance upon the world
financial outlook OF the Russian situation
lay at the root of the matter.
It did not appear Immediately that the
tone Of the market had undergone an al
teration, although the opening dealings
showed the same response to the foreign
disturbances as yesterday. Then followed
a vigorous recovery in response to sup
porting orders. IL was then that an out
pouring of stock to realize gave the signal
longer to be In order The temporary up
ward squirt was attributed to the In intua-
tive OF traders, who aimed to follow the
leadership pointed out by yesterdays &C.
ton of the market. The days principal
activity was exhausted by the end of the
first hour and there was a marked
apathy in speculative interest The as
sistance TO be realized for the New YORK
market from tranquil conditions abroad
was given more force in the Gays specula-
tive consideration. The abrupt change
wrought in the foreign exchange market
by the Russian developments and the to-
tai cutting of of New York from access
to the large incoming gold arrivals in
London was pointed to as striking eX-
ample of the indirect effects here to be
apprehended from disturbed foreign mar
kets. With foreign markets under pres
sure, any attempt to advance prices In
New York would have the effect of invit-
ing realizing sales on securities marketable
here and to AFFORD means for protection Of
less favorably placed holdings abroad
Hitherto the argument has been ADVANCED
that the growing weakness of Russian
securities would serve to divert French
investments from them into other fields,
thus promising well for applications to
French capital to spare in American bond
issues. But II was realized that the ef-
feet of the disturbed conditions abroad
Is unpropitious for any new commitments.
The New York money market was un-
changed today and call loans remained
very easy in spite of probable preRadresoo
of New York City bonds. The outcome
OF this flotation is awaited with much in
terest for the light it will throw on the
nouncement of the extent to which the
government funds are being deposited In
banks in connection with the Panama canal
bond issue, the amount reaching $4,000
600, was reassuring factor on the money
situation. Reports of S6,OOO,OOO note
issue by the American Telephone company
in anticipation Of subscriptions to United
States bond issues was regarded as evil
dence of the continued heavy require
ments of corporations for new capital.
Interest was shown in the reported sale
of a stock exchange seat at $4,000, as
against the preceding price OF $4,000,
and a high record price above 100000.
The drop of prices was due as much to
withdrawal of demand as to any selling
pressure, and there was some recovery
from the bottom prices, but the closing
was heavy.
Bonds were heavy. Total sales, par
value, S1.325.O 900. United States 3s and
new As advanced three-fourths per cent
! on call.
The following are the quotations on tho
| Stock exchange: