Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-04-19
NEW YORK STOCKS AND BONDS
Calamity in San Francisco Affects Wall
Street Market Unfavorably
COAL SITUATION IS ALSO A FEATURE
Heavy Liquidation Throughout the
Day Carries Entire List to
COMPARATIVELY Lower
Level.

NEW YORK. April 1S-Wall street paid
eager attention to the news from San
Francisco in common with the rest of the
OF the world and the terrible calamity
there had no small part In the weakness
In stocks today. This factor was supple
mented by the conviction that a miners
strike in the anthracite region is inevitablc.
The steps taken in Washington towards
furthering proceedings against the coal
carrying railroads and reports published
during the morning of forthcoming spe-
cial message from the president calling for
further measures against the trusts caused
considerable selling Sales for London &C
count made an additional burden on the
market. The combined effect of these fac
tors was heavy liquidation throughout the
list, which carried prices Complementary
TO a lower level. There was no eftort 20
support the market except for occasional
checks to pauses in the selling movement
the downward course was so persistent.
Securities market are not proof against
the sentimental effect of great human ca
lamities as has been demonstrated IN
many places. The depressing effect of mis-
fortune and suffering may be expected to
effect unfavorable business enterprises
The market was under the influence Of this
feeling to some extent. There was to be
considered. in addition the actual property
losses incident to the disaster, which We're
perceived to be Of enormous dimensions
The most immediate reflection OF this
phase of the disaster was in the stocks OIL
the United Railways Investment company
which represent the holdings Of the San
Francisco street railway lines. OnerlnSs
Of small lots of these found no takers ex-
a
treme loss for the common stock at the
lowest today was 2914 points and for the
preferred IA points, The net loss OF the
common was 1914 and for the preferred i
points. The effect on the market OF TINS
and other factors mentioned was made
more acute by the vulnerable condition OF
the market itself, which the recent courses
of events has demonstrating. Eyi'
dence was pretty clear yesterday OF the
pressure of long stock on the market al
all favorable opportunities. 1t was con
cluded that speculative Accommodations
through the money stringency, We're com
ing on the market with more favorable
conditions caused by the relaxation II
the money market The easier conditions
of money, however, failed to stimulate
any large demand for stocks such as was
counted upon to take over hoidlngs DS t tnstf
speculative operators who accumulated
stock last month. The concurrence 81
events this morning precieltated the LIQUID
alton, which was entered upon by more
gradual methods. The selling iol
| London account was attributed to some eN
| New York's heavy demand on that center
| for gold. Sales OF foreign securities arr
! the usual resource of that market agains
| demands OF that character upon Its golC
| supply. Colonial troubles in South Africf
made an additional disturbing element II
| London and the subscriptions to the Rus
| sian loan expanded the requirement. on Una
money market. Covering by shorts TO tax
profits on the days decline induced a con
/ siderable rally in the final hour, put !
/ was poorly held and the closing was irreg
ular. .,-
Bonds were heavy. Total sales, par value
| g. $4,000. United states Is advanced y pc
Quotations on the New York Stock ex
/ change were: