Omaha daily bee., 1906-07-18
NEW YORK. STOCKSAND BONDS
Advance Of Prices on . Dull Market
BeWilders speOulAtOrS
RISE DUE TO BUYING BY SHORTS
HiIl and Hartman Pacihcs Advance
Slightly on RumOrs of Deals that
May Increase Dividends
Close Is Heavy.

NEW YORK, July 17.-Speculative senti-
ment seemed bewldered today by the nov
city OF advancing prices OF stocks and the
maintenance of the advantage with sucn
persistence as was shown yesterday. There
was marked lack OF speculative Initiative
manifested as consequence in today
dealings and the market was almost idle Tor
large part OF the time with prices drift
ing hstlessly ana with no well defined
course. The number of shares deR,t in was
somewhat in excess Of the total of last
tuesday which made the low record OF the
present year but the character of trading
otherwise was much the same. There was
as distinct an absence OF pressure TO liqui-
date as was the case yesterday, but the ef
rect seemed less encouraging upon the buy
room traders openly expressed skeptiCism
Of the stability Of the higher level on the
ground that shorts were wholly responsible
LOT the rise and the reduction Of the short
interest lessed the potential support for the
the market at every step of the advance. 1t
was only with the most extreme caution
that purchases were made at the highest
level established at tho opening and these
gains were mostly lost in the subsequent
uncertain fluctuations
News was little regarded, but there was
some response TO revived rumors regarding
various stocks Amalgamated Copper and
Southern Pacific were responsive TO gossp
Of intended increase Of dividends A COM
ing meeting OF st. Paul directors gave oc-
casion for repetition Of many vers OF the
supposed plan to finance the Pacific coast
extension and the Hill stocks once more
moved on account Of ore lands deal. There
was some confusion as to the present situ-
alton In the gold import movement due in
part to contradictory reports of the actual
amount secured yesterday. Cabed reports
from London pointed to 100000 or up
wards. but confirmation could be had OF
only 81, 500, 900 from New York bankers. Call
money was very easy, but rates for time
loans were fully sustained. Foreign eX-
change continued to decline In spite Of the
gold engagements and belief was main
tained that further movement was in inn
mediate prospect. The promised success
of an offering OF Wabash bonds in Paris
was further influence on this prospect.
| The New York banks continue to gain
largely from the subtreasury on account of
pension payments and also on account of
some special disbursements for Transports
ton OF the mails. 1t is supposed that treas
ury officials have arranged for these dis
bursements to be timed with the repayment
of government deposits by the banks, so
/ that the operations may counterbalance one
another In their effect on the money mar
ket. The publication of the statistics of
! the country's foreign trade for the fiscal
| year was peruSed with interest and salts
! faction for the wide advance establishel
both exports and imports, rising in value
! TO near g O00.00 CO., But this demonstration
| Of the vast expansion In the country's re-
| sources was of little immediate effect or
/ stocks. The dying out OF demand on the
] advance allowed prices to slip back. and
/ except In handful OF the most active spec.
/ ulative stocks that days net increases were
| Insignificant and the closing tone was dull
and heavy
Bonds were irregular Total sales. pal
value, 81 ,233,0O United States 2s and IS
declined u and the old As y per cent or
! call.
The following are the quotations on this