Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-08-07
NEW YORK STOCKS AND BONDS
Market Opens With BuOyant Lift in Values
Due 70 Heavy Buying.
BUSINESS LAeS IN MIDDLE OF SESSION
Late Dealings Are slightly IrregulsI
Because of Proht-TakinG, but
Net Gains on Day
Remain.

NEW YORK. Aug. 6.-operat tons in
stocks started the buoyant uplift in prices
showed every sign OF eaEerness TO secure
stocks even at the advances in the bios,
made necessary to bring out offerings:
The early dealings showed no remains OF
the disposition to realize profits, which
characterized the closing dealings Of last
week Instead Of that the market seemed
to be bare of stocks at the prices prevail
ing on Saturday and the wide opening
advances were achieved without any great
volume Of stocks changing hands. The
advance was continued quite brisSly dur
ing the course of the first hour. There
was an abrupt falling of in the volume OF
business at that time and brokers on the
floor were almost idle during the middle
portion Of the day.
There was no appreciable revival of &C
tivity until the last hour of the session.
The oppression OF the extreme heat of the
day was responsible to large extent Tor
the languor OF the market, The tone was
noticeably Arm, in spite of the almost total
cessation of buying, recessions being Inn
tied To the small fractions inevitable in a
practically stagnant market. It was TINS
prompted the traders to renew the ad-
vance in the last hour. A eonsldera bic
ing level, which represented protit-taking
on the lines taken on during the revived
speculation of last week the increased
last week early had an effect in stirring
the speculative spirit outside of Wall street
and commission houses had more orders
present professional movement was iniu-
ated,
continuation Of the holiday, which began
Saturday. Foreign arbitrage houses were
amongst the last buyers OF stocks, however,
and these were supposed TO be purchases
for foreign account. The continental mar
kets reflected increased CONFIDENCE over
the situation of affairs in Russia Discount
rates however, in the open market rose
best in Paris and Berlin. Foreign exchange
rates here at the same time heio nrnl.
Rates for call loans were trthe hrmer
than the averae &c last week, but did not
rise to the maximum Of last Thursday.
Saturdays bank statement was the SUB
ject of continued discussion The large
increase in loans and deposits was believed
to be affected by the inclusit for the nrst
time Of the account of the State oanK, ~ 4,
Of the cash flow is turning in the directlon
Of the domestic interior. Chicago banks
reported that the Semand , upon s she The
promise of abundant crops carries with y
the likelihood Of corresponding oemanu
OF confidence were published, coming from
Chicago banking authorities, OF the ACE
quacy of resources TO meet the eoIn I,,nl 3
demand, But little countenance ls given
in banking quarters TO the supposiGon
OF some OF the speculative element that
the New York banks VIII be tTee tho cr rnu
''' & rsassuTing effect was produced by
statements from Washington pointing OUT
the favorable situation OF treasury re,
| sources for rendering assistance to the tall
money market Rates OF interest on uHle
| were strongly held and the supply oneTlng
was said to be diminishing The failure
| of a bank in Chicago was without eIs e.s
| in declaring that there never was time
| when there was so heavy and diversineo1
! demand for all kinds of merchandtse Last
| weeks total sales OF stocks at the stock
exchange rose to 5b27,5s6 shares. compared
| with 2,S6S, 702 in the corresponding week OF
| 10 ahare in the revival Is demonstrated
BY the fall in the par value Of the week zee rs
| sales to S9,O00O0o, compared with III, SSS,1goS
! slightly irregular tone in the Anal dealings
! in stocks was due TO taking pronts by the
! room trading element. substantial net
| gain on the day remained. 49,.
Bonds were Irregular. Total sales paI
value, s., 5000. United States BONDS were
The foIiowing are the qac;saons on the