Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-03-08
NEW YORK STOCKS AND BONDS
Market Opens Strung snd Active on Buying
by Shorts
LIMIT or REBOUND SOON REACHED
Money Outlook fs Regarded with
Dis~stisfacti~u and the Net
Changes for Dag Are
InsiEnf6cant.

NEW YORK March The strong open
Ing IN The stock market To-Day was al
effect carried over fruu yesterdays re
bound on short covering ty The bears who
sole the market IN Mondays break il tOok
q very Few minutes o. trading 20 Demon
strHts that the limits q the rebound hao
been reached. MOI only was there an in
slErIfcaut demand al The higher leNe OF
prices. but 4 renewed disposition showed
itself 70 take advantage Of the better
terms FOR resumption OF selling TINS
action o. rhe market proved q dis6ppoini-
meut TO operators, VINO had hoped that yes
terdHy rally marked The turn fpr ne
better. The duu bnd neglected condition
Vi the trading for The rest OF the daT re-
tain amount q distrust lest liquidation
might remain 10 Bs effected.
The opening strength IL the market owed
much o. improved coudl -lunE abroad f.rlcek
uf Americans mad advanced materially in
London before the local market opened
and after prices here began TO yieio the
London level held for "a time above New
FORK and prompted buying here Tor al
hilrHEe account Much more confidence
was felt IL London Of q satisfactory oVi-
come Of the stock exchange settlement 1ui
which the pay day fails cue on Friday
OF TINS week The disclosure u b consider
able bear account In Kaffirs and the help
thus promised II HverttnE the unexpected
crisis IN the settlement in those securities
was the main feature in LONDON me 1uf-
eiEn markets were al favOrably affected
by the renewed report Of b cOmpromise NJ
AlEeciras over the Moroccan dispute. Our
own market In less favorhple posltluh
technically by reason Of the satisfaction
Of the demand from shorts which were
covered yesterday.
The money outlook is still regarded with
diHsa tisfac tion. Immediate conditions were
moi much changed today The SWoWW
which is 10 h. New orks share OF the
s1u.aO06OO Of government funds 10 bt de-
posted with the national banks II ptlht
received IL iustRllnents and - an lilliu-
ence IN the market Payment uf Sfu0ON
by the Euhtreasury To-Day on leteerhpilC
transfer from San Francisco was al on
sci IN par1 for the 32.00O.gb transferred
thither yesterday. Il is practically admit
ted. however. that further considerable re
mirtancaE Of Japanese funds 10 the hont
market within the present month are likely
10 be made which will probably De sent
nv rbe same means The loss by the banks
70 the subtreasury since Friday To-Day
reached g 81 The interior requirements
for funds continue large ana the movement
OF currency for the next lev weeks II tA-
pscted 10 b. decidedly against New hurk
New York exchange at Chicago lodhf ruleo
al p cents discount.
Reading proved 3 special dlsa pIululineill
10 the advocates Of higher prices IL SUI
den weakening after the opening advance
was Of large influence on the whole MAY :
Ret Reports OF the serious Illness Oh
Charles NJ Schwsb were subject Of com
rient in todays stock market Inc GA! :
net changes are Insignificant. The specls
strength in Anna Eamated Copper, OOloraoc
] Fuel and DIstiIers' Securities caused some
/ recovery in the general list from the low
/ level OF the day, hut the recovery WAS hol
/ held and the closing tone was eHFy
Bonds were irregular Total sales PAL
value s2lssOg0 United States new A. de-
clined \ per cent on call.
/ OuotarionE on the New Yurk Stock ex-
cAN uee Sales Eish Low Close