Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-02-24
NEW YORK STOCKS AND BONDS
shrinkage in Volume and Narrow Move
ment Features Of the Day,
INSURANCE REPORT CAUSES HESITATION
Fact that IL May Throw Large Blocks
of Securities on Market Serves
to Make Spectators
Cautious.

NEW YORK, Feb 8.-Today's stock
market does not offer much subject for
comment. The shrinkage in the volume OF
business and the narrowing Of the ulnlts
OF the market in every way were surprising.
he aggregate dealings for the day tell to
lower level than has been touched Tor
TO the small remnant OF the week left after
yesterdays holiday must be partly mat
ter for conjecture. That II was an influ-
ence on the dizziness is very probable, as
professional operators are VIGOROUSLY dis
inclined to enter upon large commitments
with interruption OF trading actively in
prospect. But there is ground for believing
also that the general speculative situation
is exercising growing effect of repression
today I'm this market was due to sympathy
with the London market which had adj
vanced Americans while New York was
taking a holiday yesterday. The successful
completion OF a Stock exchange settlement
without serious damage was one Of these.
A somewhat more hopeful feeling over the
Moroccan conference was another A
further possible influence was the cabling
OF orders from New York yesterday which
ing to small floating supply of American
securities there.
A notable fact in the sagging OF prices in
the New York market was the small offer
influence in this result was attributable to
the report OF the insurance investigating
committee. Some of the recommendations
of the committee regarding securities to be
held by Insurance companies, while not
threatening any Immediate results in the
stock market, promise the ultimate neces-
sity OF marketing very large holdings
The adoption by the house at Washington
of the resolution OF inquiry into land
holdings by railroad companies kept alive
the sense of vigilant guardianship of corpor-
alton affairs on the part of legislative au-
by the fixing of an D-cent gas rate for
New York City by the New York State
Gas commission.
The usual preliminary estimates OF the
currency movement for the week are
brought down only to Wednesday evening
on account of yesterdays holiday. The
loss 10 the subtreasury of 81, $4,000 Seems ia
have been overbalanced by about a million
dollars by receipts of banks from the in
terror, Notwithstanding the movement OF
interior exchanges against New York dur
ing the week. AS bearing on the loan item
some large bond transactions have occurred
this week which would indicate require.
ments for credit. Rates for time loans
were Arm today and foreign exchange
rates were easier The gradual saggine
tendency of the market extended into the
last half hour OF the trading, at which
| time low prices OF the day were generally
touched. Between that time and the clos.
ing of the market there was an abrupt re.
covery which restored prices of a number
| or the prominent active stocks to the high.
est level OF the day and made the closing
! irm. This late buying movement was un.
explained by any new development.
! Bonds were irregular. Total sales, PAL
value, 81 $50 600. United States bonds were
| all unchanged on call
The following the range OF prices on the
| New York Stock exchange: