Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-05-29
NEW YORK STOCKSAND BONDS
Squirt Of Slight Activity Marks Beginnino
Of Day Of Apathy.
READING THE FEATURE OF THE MARKET
RumOr that Head of Read H. to
Succeed President cassatt Of
PennsylvanIa Causes Rise
In the Issue.

NEW YORK. May 2s.-The speculation
In stocks today sank into apathy. There
hour Of the trading. The lions share of
attention was given TO Reading. and IL
the contested dealings in this half stock
were deducted the volume OF the market
would make a smaller showing even than
on last Monday. the dullest day thus far
in the present year.
market organization and is closely re-
sponsive TO control 1t opened lower than
on saturday, but was quickly turned up
wards. News regarding the movement was
not forthcoming beyond what has beeN
due at a previous stage. Something was
made OF public rumor Of the coming
retirement OF the president Of the Penn
sylvania to be succeeded by the present
head of the Reading and the assumption
was added of closer relations between the
two properties. Some of the extreme dull
ness OF the trading was attributed TO the
braking of the week by a holiday on
Interval OF closed markets. which deprive
them of opportunity to act on sudden de-
velopments. The fact that subscriptions
sylvanla notes also had the effect of de-
terring some traders from operating
Money rates were firm today, but the
money market showed no sign of disturb
ance from the tendency of this transac-
ton. Assurance has been given that the
funds paid for the notes will be left on
deposit with the hanks and only drawn
upon in limited amounts as required for
the purposes Of the company. This will
reduce the operation largely to one OF book
transfers of accounts and would lessen
the chance for disturbance in the money
market.
The London market was in a conserva-
tive mood on account Of a Stock exchange
settlement this week and Paris was dis
turbed by the Russian outlook. The only
interest in our market was due to move
ments in special stocks American Sugar
and American Beet Sugar started upwards
together as they did several weeks ago
and revived some rumors OF Intended
changes i'm trade relations The rumors
were without any confirmation. The usual
Monday rise in Brooklyn Transit on the
strength OF Sunday seaside traffic was re-
versed, owing to yesterdays Indictment
weather and poor traffic. There was quite
a sharp decline during the first hour OF
the trading. The rise in Reading had the
effect of checking this and partly over
coming 1t. But when prices got back to
about Saturdays closing level the trading
! became listless and Indifferent and the
drift of prices was scarcely appreciable.
| The addition to the agricultural appropria-
| ton bill in the senate of meat inspection
bill and the agitation following has added
! to the feeling Of possible damage to values
| from the spread of sentiment against cor
porations on account of abuses Condi-
| lions in the late market became letharyic
| and the market closed about stagnant.
Bonds were irregular. Total sales, par
value, 81, $50, 900 United States bonds were
unchanged on call.
The following was the range OF prices on
! the New York stock exchange
Il -. rTNmk Taawu tana