Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-02-14
NEW YORK. STOCESAND BONDS
Violent Movement Of a Few Issues the
Feature Of the Session.
GENERAL LIST DULL AND SLUGGISH
Hill-PRcihcs, Northwestern, BurIing-
ton and AmsIgamated Copper
Are Active and
Higher.

| NEW YORK, Feb ls.-The violent move
| ments in a few stocks today were mace TO
| seem like a froth the surface of the
market. OWNS to the comparative slug
| gishness of the general level OF the mar
| ket. The irregular movement varied from
| slow hardening TO a heavy yielding with
/ out any large activity to account for either
| tendency. Dealings. however, rose to over
| 100000 shares for the first time in over
| week The effervescence of the few active
stocks had some effect IN holding the
would have been heavy otherwise. The
buoyant outbreaks were in much the same
quarters in which they have previously
were attributed had no additions to those
advanced in explanation for some time
past
seemed to have gained force over the Sun
day and holiday interval that merger Of
the copper properties was imminent and
there seemed to be a distressed short in
terest, whose necessities added TO the
facility with which the prices in that
reached the 300 mark and recovered again
TO that level the second time after the re-
CANT predictions 81 the specuIators in The
stock. The Hill-Pacihcs and Chicago
Northwestern took another upward flight
on reiteration of former rumors regarding
the developments occurring in these prop
critics, especially that pointing TO a dis
position Of the Burlington, which would
involve the retirement of the joint coll
lateral bonds issued against its stock,
leaving that stock a free asset for the
The interval since Saturday developed
new proposals or confirmed those previ-
ously reported for many millions of new
issues. as the 500, 900 coo convertible bonds
sold by the American Telephone company.
the S50.0O.OO0 convertible bonds offered by
the Atchison company, the expected issue
by the Lake Shore of $35, OO0OCO bonds. a
rumored offering by the Southern Pacific
OF SO, O00, a louisville & Nashville issue
still vaguely defined as large and the re-
ported intention of the New Jersey public
OF treasury stock. This makes a note
worthy supplement to the heavy new issues
announced last week and the week before.
Money rates were appreciably f1rmer all
around New York exchange at Chicago
rose to 30 cents premium and foreign ex-
change yielded. The offerings of finance
bills in New York. however, were the
principal factor in depressing foreign ex-
change. Renewed anxiety over the Mo-
roccan conference and the legislative
measures both in Pennsylvania and WASH
carrying railroads were not helpful to the
speculation. There were some extraor-
dinarily favorable statements of gross earn
ings by railroads for the first week OF
February ranging from an increase OF Is
per cent by Wabash up to Sc per cent for
the Northern Pacific, Canadian Pacific and
Missouri Pacific. The tendency towards
reaction became general late in the day
but there were few final rallies and the
closing was fairly steady.
hon Bonds we were steady. Total sales; par
registered, and the old Is advanced 4
per cent on call.
The following were the quotations on the
New York Stock exchange: