Omaha daily bee., 1906-07-26
NEW YORK. STOCKS AND BONDS
Market Broadsns Out and Gives Evidence Of
Substantial Strength.
TRUNK LINE ISSUES LEAD ADVANCE
Coming Return OF Hill aud MOrEa n
to New York Used TO Give
vitality 90 Number of
RumOra.

NEW YORK, July E.-The number Of
shares dealt in al the Stock exchange dlu
not expand greatly over the total OF yes
terday but the market broadened out IN
character and gave evidence OF substantial
strength. Conditions abroad seemed 10 nc
primarily responsible. Opinion once more
shifted as to the importance to be attached
to the Russian situation, at least IN Us
influence on financial conditions Inc
the days news did not seem to disturb the
feeling that the worst effects on money
and stock markets had been met.
There was marked cessation OF the
pressure Of liquidation from centers espe-
cially affected by the Russian conditions.
The London market also enjoyed prlsk
recovery incident TO the final stages OF the
fortnightly stock market settlement there,
which seemed to hnd considerable snort
interest uncovered in Kafirs, which were
sharply depressed by the selling for Paris
account This selling was discontinued to-
day and sterling exchange moved up at
Paris. Indicating an easing money p sitHa-
but moved up at London, where the stock
market made an extra demand for money,
but the foreign factors were rather OF
passive influence in our own market and
only served to leave unrestrained the erect
OF more local influence. These influences
were mostly confined TO the realm OF con,
lecture and most Of them could be defined
by the formula: Important developments
believed to be forthcoming" The rumors
showed much variety. even where they
concerned stocks. The expected early re-
turn OF influential capitalists gave vitality
to the rumors
The transcontinental railroad stocks led
the movement and the dealings In that
group far overshRdowed in Importance any
other dealings in the market. The plan
OF financing the Pacific coast extension or
the St. Paul has been a subject Of curious
speculation for a long time past and the
announcement OF the return from Europe
OF William Rockefeller was made to impaTt
important results for the road from his
contact with European nnanclers The
supposed development concerning the Har-
riman Pacihcs was even more vague and
ranged from an initial dividend on South
ern Pacific TO an absorption Of ST. Paul by
Union Pacific. In the same way the eG-
! Hill and j. P. Morgan gave new life TO
! the Great Northern ore lands deal rumors.
| The Identity of the commission houses
which conducted the largest transactions
/ in these stocks lent an appearance Of proba-
| properties were sharing in the market
| operations. These stocks furnished the
nucleus of the days entire movement,
| which was largely sympathetic.
moving upwards than these selected stocks
| but their leadership became effective as the
| day progressed, and II was seen that nc
| important liquidation was attracted by the
/ advance.
! Money on call continued easy. but rates
| for time loans over the end of the year
| were maintained. The better feeling in
| foreign market centers realized in a decline
| In sterling exchange rates here. The de-
| mand expanded at the last with the ZACH
| OF pressure manifest and the closing wa:
| active and strong at the top level and with
the leaders up from 2 to points.
! Bonds we're irregular. Total sales, pal
| value S,275,0o0. United States new As de
| clined q per cent on call
| The following are the quots1ons on the
| Stock exchange: