Omaha daily bee., 1906-06-01
NEW YORK STOCKSAND BONDS
Wall Street Market, asa Whole, i, Dull and
Listless.
ILLINOIS CENTRAL THE ONLY FEATURE
Advance In This stock Due 60 Fine
showing of Annual report and
RamOr of Contest for
Control.

NEW YORK, May 8-Interest in today'S
stock market was confined TO special STOCKS;
The market as a whole was unchanged
from the dull and listless trading of lest
week. Some of the movements IN speolel
stocks had nominal causes in the circulation
Of rumors regarding plans for the COM
panies Others were without explanation
beyond the character OF the buying. Ihe
Identity of some Of the large operators IN
the stocks newly active was the same as
the active factors in some OF the ieadlng
movements last week. This led 10 the
assumption that the dealings were r,nd aeslshS1 60
dullress. Such was the effect OF todas
special movements, while they were occur
then and lost some of it's force Afterwards,
when dropping tone developed - -
Illinois Central was conspicuous In the
the southern group. The impression that
friction exists among street capltaists
influential in Illinois Central and that a
report Of the roads net earnings for April
showing an expansion OF nearly 81 per cent
over those for the preceding April helped
this group. In the realm OF rumor also
was the suggestion that an extensive com
bination OF Southern Railroad interests is
IN contemplation. The strengthenin,Es, OF
regarding the plans for financing Its Pacinc
coast extension. II was asserted that buy
ing of the stock was based upon knowledge
securing adequate resources for completing
that work. The jump In Consolidated Chs
was caused by a court decision WHICH ue-
feated a purpose to prevent the company
from collecting more than an 70 cent rate
pending the conclusion of It's suit to test
the constitutionality Of the law.
Money market developments were OF some
Importance but seemed to have light erect
in the stock speculation. San Francisco
again sent heavy remittances to New Hork
by telegraph through the subtreasury, the
days total reaching g, 10000. At the same
time some 100000 was sent from New
York TO Canada, representing the funds at
| tracted here during the stringencY Que "a
the drain to San Francisco. Conditions IN
the foreign exchange market wore grestly
confused by the contradictory information
regarding the United States treasury atu-
| tude in the policy OF aiding gold Imports
by government deposits Finally the de-
| posit OF bonds for the withdrawal OF Sl.50O,-
| bO0 by the National City bank was allowed
on the ground that the srrsngsmenat en.na tpI foI
| decision to discontinue the practice for the
| present. This decision is explained as be
| ing due to the present sufhcient supplies
| for the money market doing away with me
| emergency condition which prompted the
| adoption of the practice in the first place
! Money was freely offered on call and espe-
| Pennsylvania note issue and the tone was
| easy In spite OF the preparations for the
! June payments and for the Chicago North
western stock subscription payments TO-
morrow. Pennsylvania was heavy through
! out and weakened sharply at one time with
the circulation Of rumor that the placing
| of bonds in Paris had fallen through. The
| denial of this rumor failed to rally the
| stock and St Paul reacted when the direc-
| tors adjourned without any announcement
| OF a project for financing Its extension
| The effect of these two incidents was to
| impair the advances and to make the clos
Bonds were Irregular. Total saIee. par
value. t2.43O.0oo. United States old ls ad-
vanced y per cent on call.
! The following was the range of prices on
| the New York Stock exchange: