Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-02-27
NEW YORK STOCKS AND BONDS
Market is Dull and General Movement is
Narrow and Sluggish.
ONLY A FEW LEADERS ARE ACTIVE
Union Pacihc t. Higher on Rumor,
of Impending ChanEes-sharp
Rise I'm New Copper
shares.

NEW YORK, Feb. 2s.-There was another
day of dull and professional trading on the
Stock exchange. Such animation as there
was in the market was congested in a Few
prominent stocks which have held lead
ing place in the speculation for long time
sympathetic effect on the rest OF the mar
ket, but the general movement was ex.
tremely narrow and sluggish. The basis OF
the movement was the assumption by pro-
fessional operators that the reactlonary
tendency in the market had reached It's nm
its, and that prices were therefore due tor
a rise Not much else was heard OF TO eN-
plain the movement. The withdrawal from
the directorates Of railroad companies OF tne
members of one of the most prominent
banking houses in the street was the occa-
sion for much discussion, and was made
the basis for the supposition that the ex-
pected important events in Union Pacific af-
fairs were to be forthcoming following upon
these Withdrawals. There was very large
buying as a matter Of fact. of Union Pa
cihc, but there was nothing authentic TO
show that distribution OF surplus TO STOCK
holders was any nearer than tor an ,hoen-
been Influenced by this expectation. the
dragging of the discussion over the coal
mining settlement was interpreted In tsV ,Il,
of the operators, and was used TO put up
Amaisamated Copper made moderate
advance, apparently in sympathy with an
extraordinary process of marking up in
the quotation for the new Butte coalition
in the curb market, which was adyancee
rapidly from 20 to 80 bid. The price OF
copper metal advanced fraction in this
market but was weak in London Gross
earnings of railroads reporting for the third
week in February showed the very high ra-
ito of increase over last year still main
tanned. owing to the contrast OF the open
winter this year and the favorable operating
conditions. These reports seemed to be OF
little effect.
Money rates were not changed to any i'm;
portant extent, but time loans were reported
firmly held. Sub-treasury operations have
already taken from the banks 2,437.0C on
the week. and the government institution
was a creditor at the clearing house today
! to the extent Of over million dollars. FOR
! eign money markets showed no sign OF re-
| taxation, and foreign exchange here was
| held at last weeks level. The condition OF
| national banks reported to the controller
| on January 20 shows for the country
| throughout a growth of cash holdings OF
| something like 100000 over the state
| ment of the preceding November, while the
/ growth in the loan account reaches the
| Comparatively moderate figure of s54,o oOoo.
banks and bankers has expanded upward to
! sol 10000 in the same period. Compared
with a year ago. however, loans of the
! banks have expanded nearly $4,000, 600
while the cash account shows actual
! shrinkage of something less than 100000
There was a reaction on profit-takng. but
prices rose again to about the best. The
| southwestern grangers became stronger on
reports that the southwest was selling
wheat. and stocks closed firm.
Bonds were eesy. Total sales. par value,
! 81 SOS, 600. United States bonds were all I'M
| changed on call.
The following was the range of prices
on the New York Stock exchange:
EANz. - Inur lnGa