Omaha daily bee., 1906-09-14
NEW YORK STOCKS AND BONDS
Powerful speculatOrs Who Have Been Back
Of Market Withdraw Support.
ACTIVE OPENING FOLLOWED BY DUISEss
BuyfnE by shorts rails on and
Closing Prices Are Lowest of
Day-CaII money Rate
Lower.

NEW YORK, Sept 1S-There were indi-
cations in the days stocks movement OF a
growing quiescence in the speculation on
the part OF large operators, whose powerful
resources have kept the recent market go
ing through all vicissitudes of the money
difficulties Fluctuations we're uncertain
and dealings had the appearance OF pro-
fessional operations OF the trading class.
The upward movement was brisk at the
T pseeSerT IN Bn sttened out before long
and the market lapsed into duller condi-
ton than for many weeks past. The de-
mand from the short interest fell on con-
siderably with the reduction in that &C
count. with covering operations, ana the
market showed the lack OF this technical
inference that yesterdays advance was a
professional movement designed TO drive
in the shorts rather than resumption OF
reaction OF the first OF the week was evil
IDENTIFY caused by the reduction In holdings
taken on In the course OF the supporting
measures during the stringent money mar
ket of the week before and this selling In
cidentally encouraged the putting out OF
short contracts which were covered yester-
cess going on in the market by this series
OF movements Is easily perceptlble and to-
days later market confirmed the showing.
The professed motives for operations In
special stocks also showed the Increase of
the professional element in the market
with Its revived deal rumors and dividend
The money market continued to realize
and call bonds were made throughout the
England advanced its Official rate to per
cent, but the advance OF full 1 per cent
to AZ per cent was considered possible, and
the more moderate action was taken as
negatively favorable. Further gold was
withdrawn from the bank for shipment TO
New York, but this was believeS to be on
supposed that the New York command Of
the banks supply of gold Is now checked
A letting down in the price OF gold In Lon
| A. ayrtAw rAA q -
felt against immediate further takings
Neither was there any engagements OF golc
announced in Paris for New , York &C;
money rate has led to the retirement OF
some Of the credits of interior banks which
were placed here to take y adyantas Se OF tat ne
Chicago also slipped back to small dis,
count today. The continued movement OF
currency to the interior and withdrawals
Of money for revenue payments to the gov.
| eminent are to be kept in view as onsets
| to the weeks receipts of foreign gold; Some
restraint on the speculation was due &c
the further uncertainty in the money out
| look Confidence Is maintained, however,
| in the certainty OF relief measures by the
money stringency by some OF the means al
command for releasing surplus treasury
funds to the market
conda dividend lifted Amalgamated Copper
sharply and the Great Northern ore lanS
deal was reviving influence on the HI
| stocks and on United States Steel. The lat
ter fell back under the enormous weigh
| of the selling to about a and the following
heavy tone in the market was affected by
sympathy with this obstacle. There was
buying of Union Pacific on the assumption
| that with the per cent dividend on tn,
price tomorrow buying would be attracted
| The failure to follow up In the buying OF
the advance prompted the late selling
| movement, which wiped out the early
gains and established prices below las
Bonds were Irregular; total sales. pa
value, $1,146,0o0. United States bonds wer'
| unchanged on call
| The following was the range OF prices
| on the New York Stock exchange: