Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-04-17
new YORK STOCKS ANDBONDS
Downward Tendency Of Trioss for the Past
Few Days Is Checked.
CLOSE IS tUOYANT AND HIGHER
shorts Rush TO Cover During the
Last HOur-Materinl Advances
IN Metal and Railway
Issues.

NEW YORK, April 1.-THE conspicuous
feature of the stock market today was the
extreme dullness into which Il fell. Inc
downward tenoency of the last few days
was checked and some recovery ensued.
The consequence, however, was a condi-
ton bordering on stagnation The demand
which put up prices was attributed largely
to account Of the bear operators who have
been attacking the market recently. That
their buying received small accession from
outside sources is sufficiently attested by
the small figure of the aggregate sales for
the day. large proportion Of the meager
total was done in the last hour of the ses-
sion, when the rush to cover by shorts
gained considerable animation, making
buoyant closing. There was slight rehec-
ton OF any outside events In the movement
Of prices. The copper stocks had the ad-
vantage Of sharp rebound from recent de-
preston by copper metal In the London
market and these shares, II American
Smelling be included, were conspicuous in
the days upward movement OF prices. The
eoppers kept the same stocks in their COM
the later speculation. The Harrimans, the
hllls ana Reading made up the overwhelm-
Ing preponderance Of the dealings United
states Steel also was dealt in in the Gus
tomary proportion to it's huge shares in
bulk. The reaction late in the day gave
ne usual Indication Of highly profess
Money on call continued easy in spite OF
some further large syndicate transactions
IIrnSi.uInlng S0OOO00oo payment on American
ISlepnone convertible bonds yesterday and
S6OOO,OOO payment on General Electric new
STOCK today. The effect upon the loan ac-
count or the banks on top of last weeks
record Increase I'm loans is subject Of in
terest In conjecture. Subtreasury opers- =
uons continue to yield liberal amounts to
tne banks, the gain on that account haV-
ing reached over 100000 since the last
pank statement, with another large debit
py the government institution at the clear
ING mouse today Special interest attached
20 tne announcement from London Of fhe
Rlthdrawal OF 100000 in gold from, Tho
S Sanh or england for shipment TO Paris
SteIlnS exchange at Paris also Continued
70 1ecllne. London financial opinion bos
,teu strongly that substantial further addi7
itro ,n 20 the Bank Of England's bullion hold
I rfW were essential In spite Of the married
teIaAaton In the London money rnarl1et
Sly inumatlon of a possible demand fTo1,
tsmM ,IoTk Tor gold has been met nv M
t tSSs's IN London for long time mast What
- ao response may be to the present levi
uSTESeiopment Is a question of fnterest bere
III, III weekly crop bulletin Of the vvoatbor
Uateau Connrmed some Of the reDorFs : .
tor IN oI dareo conditions which were a fac
ws. III Expressing stocks yesterday but 81
tods ~ithout effect on the frner tone 80 .
v,eYSny , market; Much Of the davis eoia
vsitS miLaue IN the volatile upsboot ~ rSriaIs
NJ whlch the market closed "a - iOes
Win LINUS were Irregular. Total ssIes -
,,nnbs, M,glzOOO. United States bonds p Paso
on stocks were. ~ 'iOsiHB quotations