Omaha daily bee., 1906-07-21
NEW HORK STOCKSAND BONDS
Market is Aotiv, and the General Rsnre Of
Prices Is Higher.
ST. PAUL AND UNION PACIFIC LEADERS
Reassurins Adviees over sIr~atIpn In
Lonaon and OuuoOk fOT Favor
able Rank Statement the
... Features. ---..-.-

NEW YORK. July SO-soon after the
turn OF the first hour in the stock market
today the sales of stocks had mounted to
total as great as for the whole day yes
terday. This rate OF increase in the anima-
ton Of the market was by no means sus-
tanned tanned throushout the session but the days
day Of the week. Buying al times was
very active and well pursued on the ad-
decisive change from the hesitation and
umidity lately prevailing. There was
y. me- dip at the opening in response
ket, but the. placing Of large orders in the
leading stocks promptly swept prices to a
dssnd IN few ReE StooEs wh,SS Sns seNa been on
conspicuous market leaders for some time.
81. Paul, Union Pacific. Southern Paclhc
OF the dealings In the, later trading some
other stocks were brought forward from
time TO time and the discrepancy in the
designated held a market prominence in
the dealings throughout. The movement
was still regarded as due largely 70 cover
discovered some operations Of Importance
on the long side OF the market, but they
were supposed to be directed against the
vulnerable short interest
The high prices at the recovery today
,t s, an ~, TOT o5 pr III
recovery which eliminated early last week
and this was taken 10 indicate an improve
ment in the technical condition of the mar
ket. The depression in London was at
trfbuted largely to Russian AFFAIRS, but
anxiety has been felt over conditions in
had been extended to some large accounts
TO enable them to be carried through the
last stock market settlement. Reassuring
advices over the present situation there
were received In Wall street today Senti-
ment over the money outlook was improved.
Accepted authorities estimate the cash gain
by the banks on the Ees s5s stFonS
bank statement is expected tomorrow.
Large payments were made at the. sub
treasury today on account OF the surren-
the last day set for the. payment OF So
10000 An offset Is expected TO be shown,
however. as a result OF the redeposit OF
part OF the proceeds OF the Panama canal
bond subscriptions which will be announced
from Washington tomorrow. Inquiries from
London were received in New York as TO
quirements between now and the end Of
the year and the inference was drawn
that the London market Will relinqulsn
without opposition sufiieient amount tor
the purpose. Arrivals OF new gold ex-
pected in London next week amount e
| 100000 and It is hoped that an eHeetlVS
! portion of this will be secured for New
| York The prime motive for the COVERING
| operations by the bears in today's market
! was believed to be the uneasiness caused
/ by the lack of response yesterday TO Z
| number of occurrences which might pc re-
! garded as Disappointing to speculative
| hopes, especially the non-action OF the ST
( Paul and the Union Pacihc directors a
their meetings and TIE Leaving OF 1ns a. fh,
previous rate OF disbursement The ao
sence OF selling pressure at the excessive
stages Of todays advance KEEP up IN ~,
raise at nearly the top until the last.
| Bonds were irregular. Total sales pa
value. sl.C45.COo United States bonds wer
Inc ioiioWins are the qao;st'ons on th'
Stock exchange: 80,