Omaha daily bee., 1906-06-14
NEW YORK. STOCKSAND BONDS
Trading is Moderate in Volume and FluOtu-
atoms Are Generally Narrow.
MANY RAILWAY ISSUES ARE LOWER
Greatest Weakness t. In Hill stock >,
Union Pacific, Missouri Pacific,
Canadian Pacific and
Great western.

NEW YORK. June i3-In its main es-
sentlais today's stock market was but a
Trading was again in very moderate
volume, fluctuations here for the most part
exceedingly narrow and the bulk OF the
sional. Outside interest there was none. a
Iect TO which the managers of the large
Traders and the professional element were
almost unanimously inclined to take a bear
ish view and the few bulls were less en-
tnnsiastic than they had been recently.
The news OF the day. while again lack
ing IN specific detail, was not of the char
Crop conditions were the subject Of great
est interest, there being fast growing
impression that the situation in the western
states Is not distinctly favorable to large
yields, due allowances being made, how
ever, for the usual scare reports and other
| forms OF exaggeration Another unfavor-
able influence was the heavlness OF the
United states Steel stock issues. These
stocks have been active recently, but the
pressure directed against them today was
so persistent as to provoke comment. The
downward tendency Of these shares was
tlrely by the testimony of those in a po-
sition to know that the business In all
branches of this industry except steel rails
is on the decline, as compared with the
unprecedented activity of the last year.
/ The few bull points that developed in the
course OF the day went by unnoticed. For
! instance, the increase of the Pennsy-
| yania conpanys dividend from to a
Spouse in the shares OF the Pennsylvania
Railroad company, although the entire
! stock of the first named corporation is
! The reaction which followed the strong
| and active opening in the local grain mar
! kets was also without effect in the Sc
curlties market. ST. Paul was again the
! only stock that displayed decided strength,
| the other active issues, with few excep-
tions, showing marked weakness This
| tendency was further pronounced in the
| late trading, which was most prominent
/ for its FREQUENT periods of absolute stag
| A circulated
account for st. Pauls further rise, some of
! them so impossible as to fall of their own
weight. In the final dealings the selling
| st. Pauls gain and reduce the general
level materially below the previous day s
closing, The greatest weakness was in
| the Hin stocks, Union Pacific Canadian
Pacific, Missouri Pacific, Chicago Great
Western, Kansas g. Texas preferred
sit, with similar weakness in numerous of
the Industrial issues. The movements OF
the foreign markets were generally like
our own in point of weakness. Americans
were irregular in London and little bust
ness for that account was done mere. A
smart advance occurred in rentes at Paris,
| with simultaneous advance in exchange
| on London, while at Berlin the private
rate of discount went UP small fraction.
| Money conditions were without material
change aside from the better demand from
| over-year loans which were made at Oh
per cent. though six-month loans were re.
ported at ~ per cent. Late incidents OF
the day included an increase from 10 "a
per cent on the dividend on the preferred
stock Of the Pitfs6uTg Chicago goa C ley ph
lcation of the Western Union telegraph s
earnings for the year with June estimated.
The figures indicated a slight falling on
i'm net and a probable decrease of about
$500, 900 in the years surplus.
Bonds were irregular Total sales, par
value, S2,470.000 United States bonds were
all unchanged on call
The following was the range OF prices
on the New York Stock exchange: ~
ga n.