Omaha daily bee., 1906-06-06
NEW YORK STOCKSAND BONDS
Market ia Active on Heavy Buying and
Selling BY Professionals
RESULT OF OPERATIONS MIXED
Movements of Individual stocks
Irregular by Reason OF simul-
taneous sustaininE Buying
and Realizing selling.

NEW YORK June 5.-The added
breadth Of the stock market caused oy
yeste,rdsys accession t Of sPesndis[iVs todsy IN
the sustained volume Of the trading COM
pared with last weeks small daily aver
age. The results OF the larger operations
easy to see that some of the principal
stocks in yesterdays market were being
fed out 20 take profits on the higher level
The erect was seen in the holding back
of the price of these stocks while other
stocks were advancing. AS the conyic-
wac in the hands of professional opera
tors, still the success of the proht-taking
seemed dependent upon the transfer ot
holdings to new professional hands with
the sole purpose continued of disposing
of stock at a profit to new set OF BUY
ers. So long as this confidence IN the
minds of spectators is maintained this
process ls capable of being carried on for
a prolonged period without extending be-
he rsREf sSt SUCH
sional movements are the invariable pre-
liminary OF an extended rise in the mar
ket, the public refraining without exceo-
tion from entering the market IN the
earlier stages Of the advance. II Is the
hope Of an ultimate outcome OF this sort
with the public demand to carry stocks
out of the market, which encourages per-
sistence in campaign in the full recog-
milton OF it's wholly professional limiCi-
The confidence of the present profes-
sional moves in the market is avowedly
based on the prospect tnat money IL III
course of accumulation In bank reserves
where it's enforced idleness is likely to
force il into stocks for employment. In
regarded as satisfactory and as warrant
ing an assumption OF prosperous harvests
i'm the event of conditions continuing as
favorable as at the present. Further
large transfers of currency through the
sub-treasury to New York also continued
| in force and this is the principal factor
relied upon for the easing OF the local
money market. The. fact that the series
| of holidays in California expired on Mon
] day and left commercial AFFAIRS to resume
| their normal course added to the salts
| faction caused by the further relinquish-
ment of accumulated funds from the Pa,
! cific coast. Foreign exchange also reacted
| from yesterdays show of strength ano
discounts In London were lower. Tht
| sterling rate at Paris, however, fel
! sharply and some demand for remittance
| from here to Paris was the consequence
| making Paris exchange strong. Bearine
| in mind these general considerations fol
| the present speculative attempt IN th'
| stock market, the movement OF individua
/ stocks offer little of special interest
| These movements today were irregular
| throughout, by reason of series OF sus
| tanning advances, accompanied by stimuli
| taneous realizing at different points. Th'
sustaining measures lost their efficiency
| as the day advanced and general reac
ton set in, making the closing easy.
Bonds were steady. Total sales pa
value s3.575,OO0. United States bond
| we're unchanged on call
The following was the range OF prices oi
the New York Stock exchange;
| High. Low. Close