Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-03-10
NEW YORK STOCKS And BONDS
Speculation Takes on Considerable
Degree Of Animation.
UPWARD MOVEMENT AVERAGES ONE POINT
Re-entrance of PrOfessIOnaI Operators
Attracts Large Outside Follow
lns-ClOse is Active
and Firm.

NEW YORK, March 9.-Speculstion i'm
the stock market took on a considerable
degree Of animation today. tho volume of
dealings expanding again to over a million
shares. There were many striking move
mertss but the majority of these were in
thc class OF speclalties and in stocks which
nave inquired in the operations OF pools and
under the influence OF rumors and myster-
les IN the past dealings. An upward move
ment OF moderate proportions, however
was tnlrly comprehensive, and exceptions
TO advances OF as much as a point might
be more conveniently enumerated than the
total list OF gains.
Yesterdays vigorous advances and the
comparative freedom from selling pressure
as those advances occurred evidently had a
convincing effect on speculative sentiment,
ana large professional operations made
their appearance in today's market. The
identity Of operators In some of the most
active stocks demonstrated the re-entry
INTO the market OF many speculative pools.
which carried previous movements to a
consummation and were supposed 70 have
lated. The concentrated source OF much
OF the buying in highly speculative quar-
ters would be accepted commonly as evil
dence of rather unsubstantial character
in the operation. But in the changed mood
or the speculative sentiment today Il was
suspected that the execution of orders
through other hands might be designed to
conceal more important operations. This
suspicion, although IL was purely within
the realm OF surmise, was an important in
huence. including an outside following for
the movement There was a marked re-
vival of rumors which have lain dormant
as active factors in the market during the
reaCtionary period.
The so-calied lead merger project was
brought forward again into attention
There were renewed illusions to the sup
posed important developments i'm prospect
In the affairs Of the Amalgamated Copper
company and in the copper industry A
study Of the distribution OF the days
largest dealings and of its widest advances
will reveal how large a part influences
| OF this character PLAYED in the days on
eratlons. The upward rush of five points
in Atchison late Yesterday was large
feature in the revival Of speculative conf
dence. but the backwardness OF that stock
today, under realizing, had no restraining
erect on the advance elsewhere. Yester-
DAYS rumors of a decision to increase the
| dividend rate were without conhr1nati ton
but the fact that an issue Of over 81. 900 600
OF convertible bonds is being offered in the
market was commented upon a ground
| for advantage from the activity IN the
| stock Pennsylvania and United States
| Steel stocks were inclined to be heavy, as
| those companies are reported 10 be con-
/ temnlating additional bond issues. The
| continued decline of foreign exchange kent
up the talk of possible engagements of gold
/ for import, but no announcements were
| ment deposits with the banks has reduced
| their weeks loss to the sub-treasury to
/ $4,000, but the express movement to the
| Interior apparently has been against New
York for the week, so that a cash increase
| OF only N.W0OOO is indicated. The week s
early liquidation in the stock market is
| expected to show a large loan contra elton
! in tomorrow's bank statement Profit
taking made some impression on the days
extreme gains, but the market rallied
| again and closed active and firm.
| Bonds were firm. Total sales, par value
$2.725,O 600 United States Is and the old As
| advanced y per cent on call.
| Quotations on the New York Stock ex-
change were as follows