Omaha daily bee., 1906-06-09
NEW YORK STOCKSAND BONDS
Professional Limitations Of Present Market
Still Manifest.
LARGE sHRINEAGE IN VOLUME OF SALES
Expected Demand frOm the OUT
side Fails to Develop and
Crop Conditions Cause
Anxiety.

NEW YORK. June S-The professional
limitations OF the present stock market were
still very manifest today. In fact the sight
evidence OF small commission house buying
which was reported yesterday and which
aroused hopes that the professional cam
paign was meeting its first success In at
tracing outside interest was no longer
perceptible today. The aggregate OF the
sales underwear decided shrinkase.
The character OF the market was not ma
terlally changed from recently prevailing
conditions. Fewer stocks were picked for
demonstration to attract attention by
large dealings and rapid advances. More
attention was paid to the action of the
grain markets and the effect of the govern
ment report on the June l condition of
feet II might produce on stocks when Il
appears on Monday. The market weakened
quite generally during the first hour on
this account A better tone developed
when wheat was found TO be declining, but
stocks turned downwards again later in
the day. Some points of special strength
among the granBers were due to reports
of good crop conditions along those lines.
Atchison was a notable example. There
was some strength in the Gould group on
account of the settlement with the wabash
debenture bondholders and reports of
large consolidated bond issue in prospect.
The assumption that more active market
is sought by some of the large financial in
terests to assist the absorption of new is
sues in hand was given credit by move
ments in stocks of some companies so stu
ated. The sharp advance in Delaware q
Hudson was accompanied by active dealings
in the convertible bonds on the curD anu
application was made to list the bonds at
the Stock exchange.
The weeks currency movement did not
indicate a large change In cash reserves
of the banks on the actual movement. but
the easy tone Of call money indicated a
strong bank statement. The loss reported
on subtreasury operations OF $6S90OO In
cludes return of government funds ad-
vanced to the banks against gold imports
to an amount larger than that and as the
gold has arrived the loss Is offset. small
gain on the express movement with the
interior is also indicated. Gains made late
last week figured but slightly in the show
ing of averages upon which the last bank
statement was made up and the dtscrep-
ancy is expected to be reotihed In tomor-
rows statement. A slightly firmer tone was
reported for time money today, due to de-
crease in the amounts Offering. The ster-
ling exchange market continued to advance
in response to the easier money conditions
and demand for remittance against matui :
! ing finance bills was said to be. an import
ant factor in that market. Attention was
given to published expressions by a prom
| inent banking official in tone Of warning
| against an assumption Of security against
money stringepcy beyond the immediate fu-
| ture and pointing to the requirements still
unmet for payment of San Francisco In
surarce losses and the liquidation of as
! sets yet to be effected on that account.
! The continuance of the Injunction against
| the enforcement of the @-cent gas law
| pending a decision in the suit to test Its
constitutionalty, caused feverish huctua-
| lions IN Consolidated Gas. The sharp rally
! i'm the wheat market was given as cause
| for the late weakness in stocks, but the
| growing disposition 10 realize as the day
| progressed has been a feature Of the mar
j ket each day this week. The closing was
/ easy.
value. A250.0(0 United states old IS, cou-
! nom advanced 4 per cent on call.
| The following was the range OF prices on
! the New York Stock exchange