Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-06-26
NEW YORK STOCKS and BONDS
Early Market Gives Come Evidence Of
Efforts at Benevolent Control.
SHARP BREAK IN AMALGARGTED COPPER
whole List Gives way Late
In the Day and Close is
weak, with Prices AZ
Lowest.

NEW YORK, June 25.-The stock market
gave evidence today for a time Of some ef-
forts at benevolent control This had the
ehect OF putting restraint upon the pressure
70 sell, which was so prominent last week.
The tone, nevertheless, was one OF de-
preston, ana there was no attempt to in
augurate any actual rise in prices.
The principal influence on the market,
in its effect on sentiment, was the evidence
OF support for stocks which are reputed
TO be the favcrite medium for market OPP
erauons by capitalists In the so-cclled
standard OIL group. The movement in the
general market responded quite closely TO
the action of the stocks thus regarded hy
the common speculative opinion Of profess
sional traders. St. Paul, Amalgamated Cop
per, Union Pacific and Southern Pacinc
were conspicuous examples. The notable
weakness CT the stocks on Saturday
aroused fears In the ranks of the habitual
speculative element that pronounced weak
ness In the stock market was to be the
reflection OF the administration plan for
prosecution of the Standard Oil company
ington last week. Today Southern Pacific
and St Paul showed evidence OF aggressive
support, advancing at one time a point or
more, and ANA lgamated Copper was lifted
again and again to above par, where II
closed on Saturday This had the effect
OF creating an impression that the Stand
ard OIL group Of capitalists intended to OFFER
support to the market against the depress-
ing influence of the hostile intention Of
the administration. The strength in these
stocks was identical with that Of che
greatest resisting power in the general mar
ket and the whole list went OF to the
lowest Of tho day when Amalgamated Cop
per gave way late in the day and showed
signs Of an abandonment of the support.
The comparative frmness of United States
Steel and Of Pennsylvania were Of sympa-
thetic benefit to the rest OF the market
While sentiment was affected by these spec
ulative considerations, there was no change
in actual conditions affecting stocks. The
weekly reports OF the railroad traffic Of
fcials admitted some contraction in the
shipments OF merchandise, which was At
led IN ha
the crop outlook. Saturdays rumors of a
proposed steed combination TO rival the
United States Steel corporation had some
elaboration, but a stinening tendency In
fiuenco
The commodity markets were still unset
tied by varying reports of crop damage.
The approaching adjournment % congress
was cited promising relief from some of
the factors Of depression in the stock mar
ket. marlborough Metropolitan made an
other downward plunge on account of the
call made upon members of the syndicate
for payment today Of 80 per cent OF their
continued to advance and for the six
months period, bills were raised from TO
81 per cent. while for seven and eight
months 5% per cent was the asking rate,
with 81 per cent strongly bid. Foreign ex-
change continued 10 decline in compliance
with the demand for money. but the Lon
don market adopted protective measures by
advancing the selling price Of gold In that
market The discount rate In Berlin was
also higher. The weakness Of the copper
metal market in London was believed TO
have some special effect on Amalgamated
Copper. The break in Amalgamated Copper
proved finally effective in weakening the
whole market, and the last prices were near
the lowest Of the day and showed general
declines for most of the active leaders OF
to 2 points and in a few cases more.
Bonds were heavy. Total sales, par
value s1,165.OOO. United States bonds were
all unchanged on call.
The following are the quotations on the