Omaha daily bee., 1906-01-13
NEW YORK STOCkSAND BONDS.
Narks. Active aud spO:ty, with The Tons
Irregular.
WESTERN RAILROADS ARE BUoYAST
Heavy Proft-Takins Toward Close
UnfavorsbIy Affects Some Issues,
While Others Rise to
New Level.

NEW YORK, Jan 12-There was a very
animated and buoyant speculation today
which fully restored the appearances of the
latter part, on the last week Of reviving
general interest in the stock market. The
strength was spotty and the tone was ir-
regular with an occasional moderate re-
action. The rotation OF the demand, how
ever, brought into the advance practically
all the important stocks before the day
had passed. There was besides a, most of
low priced and minor grade stocks ranging
all the way down from moderate dividend
payers with increasing earnings u war
rant expectation OF larger dividends to the
grade OF securities for which the value
of shares beyond that OF the paper on
which the certificates are printed Is ques-
! tiopable. -
Individual transactions were on Il very
| large scale and these and the skilltul tao
| tics pursued in the. selling to take profits
| In one quarter of the market while btimu-
\ lating another quarter by fresh buying
were evidence of the large part played by
professional operations in the market.
| There was no news of consequence to ex-
plain the days movement beyond the
| material relaxation in money and the
| moderate pressure for remittances abroad
| which accompanied II. The disregard of
| the news developments is CHARACTERISTIC of
| laid upon the prospect of a very strong
| bank return tomorrow, the forecast of the
currency market indicating a balance Of
| receipts from the interior of upward of
| $IVW,Wc. Very large receipts are known to
| have occurred from Canadian points. Be
| sides the elastic estimates of the regular
| currency market, the official figures OF the
| sub-treasury operations show gain for
the banks up to Thursday night of Si.262oy0.
| In addition the sub-treasury showed the
\ extraordinary debit balance today OF S2,329,-
| 900 made up of pension payments govern
ment disbursements for transportation Of
| the mail and the current redemption OF
! bank notes. Another important item was
| the receipt from San Francisco by tele-
| graphic transfer through the sub-treasury
OF 1897 600 In two days. With this lncom-
ing flood of funds from various sources IL
Is not surprising that the large banks
OH ho. MIA in hp
call money loan market. Political feeling
abroad was reported much more cheerful
| today over the coming Morocco conference.
! Discounts eased in Paris, sterling advanced
at Paris and Berlin, the price OF gold was
marked down in London and the Bank of
England was able to secure offerings of
gold in the open market.
The statement of this countrys asrlcul-
tural exports for December made e bril-
liant showing and helped to explain the
resources available in the foreign exchange
market. Value of exports rose 81. 6S6, i2l
over those for the preceding December.
The total value of exports reach u record
figure for any month, 1924, 5379S. Cotton
and breadstuns furnish the larger portion
of the increase but the expansion extends
to all items. In spite of the heavy re.
Punishment of the local money market
sterling exchange went no higher thar
yesterday The great variety of the days
speculation precludes special mention OF
all the days features. The buoyancy Of
influence amongst the other Paciics, es
pecially Union Pacific. owing TO its aetna
| holdings OF Great northern STOCK. li'
approach of the Amalgamated Copper diVl
dend period was the occasion for mucf
gossip over the probable action. The GoulC
group was revived after period of mac
tivity. The heavy profit taking was no
W thout effect en- prices although the specu
lation became extremely animated again
in the late trading, some of the prominen
leaders being rushed TO the top level o
the day.
Bonds were firm. Tota- sales par value
S4.170,000. United States bonds were all un
: changed on CALL
y Quotations on the New York stock eX
y change ranged as follows: