Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-10-17
NEW YORK STOCKS ANDBONDS
Room Traders Have Market to Themselves
and Movements Are Apathst.C.
GOSSIP ABOUT AsAleAMATEU COPPER
Rumor that stock t. TO he Placed ON
Eight Per Cent Dividend Thurs
day Fails to Advance IL
Materially.

NEW YORK, oct. l6.-Operations in
stocks touay were apathetic ana llstltss'
ne small class of room traders HAD tine
market almost entirely TO themselves.
Iheir operations dId not give enough mo-
i've power Tor any appreciate SWING 10
prices. 1his fact reacted again upon senti-
nent to discourage the traders owing TO
the small pronts on scalping operations
Complaints Of the irksomeness OF the state
stOch transfer tax, which have been sig
nIncanty lacking during the period Of
wide price movements and corresponding
speculative profits were revived.
The public showed no interest In the mar
kst and the absence OF any large oruers
such as indicate the activity Of powerful
speculative leadership In the market con-
minds of professional operators that at
tempts to attract public interest have been
abandoned Tor the present Some OF the
large commission houses under heavy run
ming expenses complain of an entire alb
senCe OF orders to execute today. The
sluggish movement and the dull trading In
typ cal Of the whole market. IL Is rare
to see such neglect of this favorite medium
of speculation on the eve Of dividend
meeting. The directors are scheduled TO
meet on Thursday to decide the amount
OF the next quarterly disbursement As
sertions are very confident of the inten-
ton to put the stock on an eight per cent
dividend basis, but every attempt to adj
vance the stock brings out free offerings.
Even with the doubt thus suggested OF
the dividend action, 1t is unusual for the
stock to be quiescent as at present. Re
cent pressure against Union Pacific, al
though unexplained by any news, is re-
garded as equally significant of the disin-
clination OF financial interests which con-
troll the market at times to lead spec
uiative movement. Current gossip desig-
mates the period OF election uncertainty
as the proba BILE duration of the quietness
of the market. The days trading was
slngularly devoid OF incident and there was
no notable change In existing conditions.
The London money market was about
steady, but the Bank of England gave up
another $4,000 in gold for Egypt and ster-
ling exchange at Berlin continued TO de-
cline. In Paris, however, there was some
The swift decline In the local exchange
market was arrested short of the return
to the gold import point 1t was reported,
however, that a shipment of N,5OO,O0 In
gold had started from Australia to San
Francisco. The movement of gold 70
Toronto banking situation, was not con-
tlnued beyond the 100000 said to have
been shipped yesterday, although 1t Is sug-
gested that gold certificates by mail may
have been shipped to that destination. The
| local money market was not disturbed
sure of the railroad companies upon the
I railroad equipment companies to I'LL or
ders was confined to Pressed Steel Car
| In the days stock market Union PACING
| and Amalgamated Copper finally achieved
| a gain of a point or more. but the mum.
| moved that much was very small The
| sales for the day were the smallest FOL
any full day since early in July.
Bonds were irregular. Total sales pal
value, $2,144,O0O U. 8. bonds were un
\ changed on call.
| the New York Stock exchange; c..
/ Sales. High. Low. Close