Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-09-15
NEW YORK. STOCKS AND BONDS
Extensive Buying BY Longs Turns Course
Of Prices Upward.
MARKET is sPorrY MOST OF DAY
Features Center in Anthracite Coalers
as Result of Report of Prob
able sale OF Mining
Properties.

NEW YORK. Sept 1l-operatlons on the
long size Of the stock market were resumed
IN SUFFICIENT volume today to effect a turn
from the downward course OF prices in
progress yesterday. The days strength
was spotty, strength at one point contrasting
maneuvering to take profits. The robin
trading element was skeptlcal of the mar
ket and put out short hines on the advances.
The principal operations centered in the
eoaIers, especially in Reading Much of
the activity in that stock was attributed
count for the movement revived reports OF
an Intended diYestment Of ownership of
coal properties by the railroad companies.
ever since the publication OF a judicial de.
Sision, which seemed to Indicate the
illesality OF the present. ownership Of the
transported as freight by the coalers. De-
tails were not forthcoming OF the plan, but
profits would accrue to the railroad COM
ponies from the proceeds OF the new ar
raneement. The rise in the coalers on this
favorable effect on those stocks Of the taxi
ing over Of coal mining properties. other
stocks which were notable strong had
conspicuous gaps In the line of advanc-
ing prices and some recent leaders were
cent dividend came off the price Of Union
Pacific and instead OF attracting demand
there seemed to be selling by those who
had held only until the dividend should
accrue to them. A number Of industrials
figured in the days advances on develop
ments In the special trades in which they
were interested or On the affairs of the
corporations themselves.
Estimates Of the bank statement pointed
TO favorable return tomorrow and this
was held to encourage. the. speculation.
The increase in cash for the week was
estimated to be in the neighborhood of
N5,OOOOOO. The subtreasury operations In
clude the payments of recent gold engage
ments abroad, except today's payment of
n.7S;oOo. which brings the total payments
on that account for the week up to s19 =
1900: But receipts OF revenue payments
and for telegraphic transfer to interior
points and other routine subtreasury OPP
erations leave the payments by that in
stitution TO the banks at <only $1,000 900.
There Is a small offset to this gain in the
is estimated at but a few hundred thou
sand dollars, compared with over S. 600 600
last week. This relaxation in the Interior
demand for currency contributes much TO
the promised strength OF tomorrow's bank
statement. The further advance in the
STERLING exchange rate today decreased
the command by New York on gold in
also OF semi-oficial statement Of the un-
Willingness OF the Bank Of France to re-
lease gold for shipment to New York. A
lessened the prospect OF gold moving from
that center to London, which has been
canvassed with an indirect method OF
renewing supplies available to the New
York demand. The late furry in money
was attributed to the preparation for some
large dividend payments due tomorrow, the
| principal of which is the 100000 payable
to Standard OIL stockholders. This proved
a restraint on any sympathetic response tc
the buoyant upshoot in Reading and made
an irregular closing.
Bonds were heavy: Total sales par value
changed on CALL
The following was the range Of prices
on the New York Stock exchange: