Omaha daily bee., 1906-11-24
NEW YORKSTOCKS AND BONDS
Market is Unsettled and Irregular in Ton,
Throuehcut the session.
Sd. PAUL ALONt S aOIABLY sIEONe
Missouri. Kansas a Texas Rises on
Rumoru Of BuyinE by Hiu Inter-
ests-Union Paciao is
Heavy.

NEW YORK, Nov. 2s.--The unsettled
ana irregular tone of the stock market
continued In evidence today. The unceT-
talnty or the Price movement discouraged
operations and the consequences was a
dun and sagging tendency. AS is usual
IN 3 neglected market, there was enough
selling by tired holders to cause an un-
dertone OF depression. The downward
movement was neither universal or
marked. There were strong spots in the
list, but they were. for the most part,
amongst the issues whose movements are
the least influential on the general tone
OF the speculation. Nearly ali the stocks
low prices in the market, many of them
not paying dividends
The dullness of the money market, es-
peolally for time loans, offer plausible
grounds for favor towards low priced
STOCKS. TO carry them in the market re-
auires much smaller sum OF money,
while movement of point in the price
pners as large q profit on speculative
holdings as would result from a similar
movement In the very high priced stocks.
Not all OF the movements of today had
any explanation announced for them.
stocks Of independent iron and steel COM
banies were pointed TO as rejecting the
large pronts resulting from the urgent
demand OF prompt delivery on all grades
or 4i,,i irSn on products g.; There was a story of
to account for the rise in these stocks,
| SAID TO be for strategical move against
the Hartman control of Illinois Central.
| Qf the stocks OF most prominence, st.
Paul was the only one to be notably
strong at any time. The evidence of
realizing in Union Pacific was Of more
| ton offered for II was the assertion that
! the forthcoming annual report of the
| company would prove only a routine Off
cial document, rather than a brilliant ex-
! ponent OF the roads future, as the specu-
| lators have been contending for some
| time The heaviness of Union Pacific had
/ an additional influence from the fact that
| the. decline in Standard OIL shares on the
curb market was resumed, the price yield
| ing at one time to 500. Supporters of
| stocks had to contest also with the etfect
! of the further realizing in Great Northern
| preferred and the fall in the price of the
| ore certificates which were dealt in on
/ the curb when issued.
The call money showed no sign of dis
turbance. The market for time loans
q however, was characterized as stringent
and the brokers reported that that market
was practically bare OF offerings. The
estimates Of the weeks currency move
ment proved unsatisfactory to those who
] had been counting on large cash gain
$l,Oo0,0OO gain in cash by the banks OF
this the sub-treasury operations account
for nearly S500,000 dollars. Last weeH
the gain on the interior movement was ir
the neighborhood Of 81 ,O0O. 900. A turr
in the current at the expense of New
York is therefore indicated. In the weel
corresponding to this, last year the in
| terror movement was to the advantage OF
New York to the extent of several mil
lion dollars. The further gain of golC
by the Bank OF England from Paris am
the decline in the discount rate in Londoi
were favorable to the money situation, TIL,
stock market was unresponsive to tn
continued spurts in a series Of low price,
stock and the market closed easy.
Bonds were irregular; Total sales pa
were unchanged on call.
The following was the range of prices Oh
the New York Stock exchange: