Omaha daily bee., 1907-01-04
NEW YORK. STOCESAND BONDS
Market Fails to Reflect Any Pronounced
View on Speculative Outlook.
HARTMAN ISSUES UNDER PRESSURE
List, ms a whole, IL LethsrRic and
Market IL Made Up Largely of
Individual Movements
Money IL Easier.

NEW YORK, Jan. 3.-The stock market
of today failed TO reflect any pronounced
views on the speculative outlook. inc
operations were largely In the hands OF
professional traders and the movement OF
prices indicated that they shifted their po-
to the other in the EFFORT to scalp a profit.
There was some evidence OF a supply OF
number OF prominent stocks and In others
there was enough demand to form re-
sistanoe when depression was prevailing
elsewhere but there was in the first case
n li1ue Up pressure ;S to dispose Of holdings S ano
languid as to cause only sluggish move
ment Of prices The Hartman stocks were
was nat SSr y SttTlSnted to the Coming IN
vestigation OF the relations between these
properties by the Interstate Commerce.
tomorrow. Reports Of an indsposition Of
the president Of the company may have
succeed aIf Ted the STOCKS Deisware , huason
in the dividend rate which was not, how
ever, as large as holders have contended
nent instance OF strength due to current
reports Of an intended further increase in
the dividend rate. Atchison was helped
market was made up almost entirely Of
Individual movements of this kind due to
lethargic and gave no sign Of the working
OF any reinvestment demand such as often
follows the distribution Of profits vat this
The money market continued to relax as
II was expected 1t would do after the first
or the year. The maximum early rate for
call loans was IA per cent compared with
20 per cent yesterday and the rate got down
TO per cent comparatively early In the
day, while ~ per cent was the lowest point
touched. Another days large clearances
| at the clearing house showed the rapid
| progress OF the annual settlements although
| the settlement was adjusted evidently to
cover two days instead of one so that
/ the cleartngs for the first business day of
| the new year are nowhere near the record
| touched last year, although the total Of the
settlement effected is much larger. The
| sharp reaction from the high figures of
yesterday in the foreign exchange market
| indicates that the urgent demand for re-
| mittances had been met All three of the
great foreign banks made weekly rerorts
today and all three showed the effects
OF the great year-end strain. especially
| the imperial bank of Germany. for which
the decrease In cash for the week amounted
| and the Increase In note issues S. 335, 900
| There was some recovery in the discount
rate In Berlin from the drop OF yesterday
but the discount rate In London continued
relaxation here from the stringency OF
| the December money market Il is consid.
cred doubtful whether the recession ir
money rates will extend to actual ease
vember received today showed the uniform
growth In operating expenses with CORE.
4 spending effect In the proportion of net
earnings, some railroads showing an APP
pared with last year. The dull and feature.
less character OF the market was empha.
sized as the day wore on
Bonds were steady. Total sales pal
istered declined u and the coupon Y pei
cent on call.
The following are the quotations on IN,
New York Stock exchange: