Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-10-05
NEW YORK STOCKS AND BONDS
MARKET ia Apathstio and Du.lDssi Of
Trading Approaches staenatisu. =
PRICES DRIFT IDLY wild LOWER TREND
Money Conditions Continue 20 ReIax
Both at Home and Abroad
Presidents speech Aneets
values.

NEW YORK, Oct. L-Dealings in ST. oks
became apathetic today and the duilneSs OF
the trading approached stagnation. Prices
dflIted idiy ana uncertainty, Win a down
ward trend in tine duilest perioos, more
from inanition tnau IRON any active sell
ing pressure.
The demand was feeble and indifferent
and there WAS no response to developments,
except in individual stocks Immediately
concerned one such stock was Unlted
Rubber, which suffered acutely from doubts
thrown out regarding persistent reports Tor
long time past that dividends on a noe a.
scale were to be inaugurated on the STOCK.
There was an opinion on the market which
held that the paralysis OF interest was
largely due to revised views Of the generai
prospect for dividend increases as eNen-
plifed in the case of United states Rubber,
and more notably In the conservative div
idend action Of the Atchison directors yes,
basis instead OF per cent, as was Nldeiy
expected. Ever since the Union Paclhe
dividend increased speculative sentiment
has looked for sensational developments
along those lines. The assumption was
made that the Union Pacific action repre-
agreement among controlling powers N the
railroad world for the payments OF div
idends more nearly commensurate with cur
rent earnings. II was supposed that oecs
ion was thus come to that work OF better
ment had proceeded far enough to war
rant smaller expenditures out OF earnings
for that account and less inststence on
the accumulation OF treasury surplusss ..
The Atchison decision has had material
Z
has weakened surmises of differences of
opinion amongst powerful capitalists over
choosing the method of large dividend IN
creases to stimulate an active market Tor
securities.
Speculative sentiment was disturbed also
by the rumors Of hitch in the ore deal
and by the countenance which was given
to these rumors in some quarters regarded
as authoritative. There IL great di1sr-
ence Of opinion as to what market ma eneSt
ment of the terms OF the ore deal In view
OF the disposition lately shown to sell
no dispute Of the supposition that an actual
rupture Of this important negotiation would
| have an unsettling effect on the market,
! owing to the long and effective use made
of II as ammunition for firing the specula-
/ tive Imagination. What part political con-
siderations played in the halt OF the mar
ket was not so clear. but some influence
was allowed to this factor by common cen
| sent The presentation OF the issues py
the opposing oandidates n the Int, s'a nTo,.
| nence, and the large attention given by
both sides TO questions Of corporation
| abuses and means for their control struck
/ the attention Of Wall street anew. The
| impression was emphasized by the publica-
| tion during the session OF the president 5
address at Harrisburg. FOLDERS OF shares
| in CORPORATIONS feel some trepidaton when
the power and profits OF those organizations
are presented as a menace 20 tne puonSc !,
| welfare and the action OF todays STOCK
market was not without reference to this
subject.
! The money market continued 10 IeisN;;
both here and abroad. Discounts yielded
| in London and Paris. in splte Of the weak
| returns OF the government banks. ow'ns
to the strain of the October settlement;
Early return Of resources thus disbursc1
is expected there as ever. The 1nanc a.
| community was favorably impressed by the
plan Of currency reform presented by the
| COMMITTEES Of the Chamber OF Commerce
TntImations that additional portions Of the
500 0oO 900 OF government deposits would be
! available to the New York banks were &C.
cented as an additional safeguard for the
| money situation here Neither the early
strength nor the midday weakness per
sisted and the market closed irregular.
There was an Improvement In demand
here and there in the bond market and
the tone was firm Total sales. par value
s2o52, 900. United States bonds were un'
changed on call =,
Following were the sales and range OF
| prices on the Stock Exchange: