Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-01-09
NEW YORK STOCKSAND BONDS
Harkst is Broad aud kc,iv, on Heavy
Realizing
PRIc: MOVEMENT is VERY MARROW
Outside Demand Absorbr Offering.
Promptly and Usual Tactics to
support values IL
Unnecessary.

NEW YORK, Jan. s.-There was broad
and active market for stocks today is
obvious from the days total transactions.
The movement Of prices, however, was
rather Unexpectedly narrow, the tendency
to advance being repressed by the free
feeding of the new demand on the part OF
previous holders Of stocks in order to take
profits. Prices were opened higher in most
cases, but in some prominent instances
holders set about pro1t-taking promptly AT
The new demand was so broad and con-
fident, as to afford opportunity for general
realizing during the first hour without
r. soIt ting to any strong artificial support for
the market and the realizing was pursued
without restraint until very general un-
yielding of prices was perCeptible. After
that there was some rather obvious sup
port on the part OF the Organized specuia-
ton by bidding up Of prices IN one gSarI ss
pursued al others. There was very mani
fest growth Of public interest in the mar
ket at the opening which was naturally IN
duced by the progressive strength shown
last week There seemed well denned
speculative sentiment widespread through
the country that the definite relaxation In
; money, which had occurred by the END OF
| last week, had marked the passing OF the
| restraint on the expected outpreak OF
/ general speculation. Based on this con-
| clusion, there was a general thrush or
! buying orders this morning from miscellane-
Gus sources. The moderate effect which
| this buying was allowed TO produce on
prices was demonstration of the extent
of the realizing which was going on. Lon
]
/ sive selling of American securities IN that
market before the opening here. This was
attributed to the closing out OF some large large
| New York TO London during the period OF
! acute money stringency here. The stocks
| thus sold in London came back upon this
! market to a very large amount when the
stock exchange session opened. Money
was much more freely offered but the de-
cline in rates did not make much progress
below the level reached last week. 1t be-
came evident that some of the large opera
tors who had held stubbornly TO their STOCK
through the severe money strlngency ot
December instead of taking advantage OF
the relaxation in money to extend their
/ holdings were inclined to tighten their
loads. This action suggested that the COM
ing of easier rates for money had been
awaited for its stimulating effect on outside
demand for securities to AFFORD basis for
profit-taking rather than for extension OF
Speculative operations on the part or last
The week started with a contribution tc
the money market from the sub-treasury
operations of 81. 5000. The rates for time
loans relaxed together with the easier rates
for call money New York exchange al
/ Chicago, however, showed yielding tend
ency. on the side OF the foreign exchange
market there was a decided increase OF
pressure on New York, an active demand
for remittances sending the rate for de,
st eyer sup weeks Closing rate
days realizing was most conspicuous ir
stocks which have already enjoyed the
most striking advances. The copper anC
smelling stocks and the Pacifics were not
ably affected. The strong features on the
other hand were stocks which had not beer
pushed up in last months speculation. The
trunk line railroads, Atchison and a mum
Der of industrials were the notable eN
amples The selling to realize REQUIRED
persistently, many stocks touching th'
} lowest prices of the day in the final houl
and the gains in the strong issues were
largely reduced or wiped out The clos'
was confused and irregular and very active
The followsrl was the range of prices OF
the New York Stock exchange:
Sales. High. Low. Close