Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-05-16
ZEN IORK STWkS4AD BONDS
Ehbr-Livb5 Tsrlud Of AuimHtibn Mark
Opening o. The EssnOn.
UNION PACIFIC IS TIE oEETR L reURt
stock a. Furced Bovvn On Ruz1prs of
Adverse Actton ~ Interstate Gem
nerce Cummtnsion IN Hnrri-
mHn MerEer Case.

NEW YORK. MAY 1b-Thsrs was a short
lived period q animation In the stock
market today. This followed the appear
Hnus q q published abstract purpuruuE 10
give the substance q the forthcoming re-
port uf the Interstate Commerce uummis-
sion on the results OF the inquiry lnto the
Hartman railroad combinations. The
character OF this alleged document was
we're IN lie structures upon conditions re-
vetlisd by the investigation und s-InF urHE-
TIC recommendation we're included looking
70 the correction 81 existing abuses. Ihe
- - As,..lut on me ItPtL hlll Liit ne.
OF the alleged recommendation cuulhinfo
nu1hiuR that has uuf been the 6uh1ecl OF
stock market discussion Enc Of prof essed
apprehension ever since the SENSATION Gre
aztec tx the testimony before the commits
sion, the feeling reaching is most acute
stage In rht height OF The March panic
IN stocks. Stock market guHstp since that
Time mas arrived 81 coInTreheus-te 50
luton Of the problems II be presented by
the measures for The dissolution q rela-
bUnsf1pe in the Hartman com binhtlon
HIGH 10 result IN the Distribution OF
valuable rights 70 stock holders 10 share
In the assets thus prohibited to the cor
IlorRtiuns. This alleged settlement resulted
In a vigorous rally In Union Pacihc IN the
March panic Nevertheless pTU eEslOnaiE
geizsd with uvidiry on the revival OF The
original factors contained IN tOdsys pub
hcErinn and forced q rapid decline IN prices,
led 10y uuiun Pacific itself
The appearance o. anything IKE Hensa-
ton came a. d welcome relCl 10 the
rrnderE VINO have found the EreaIeEt diff
Guilty in making stocks move IN either d.
3
market entirely. Both the wheat and cot
ton markets absorbed large share Of the
Speculative activity. The HenHiCiVesnesE OF
the wheat market as 10 the news from the
spring wheat reEiunB was suggestive %
the large speech Rttve element IN the present
operations, IN view OF the fact That The
principal seeding Of thf spring urgp remains
TO be done. Forecasts OF warmer weather
/ IN the spring wheat belt seemed to have
/ conclusive influence in forcing back the
I prices Of Whaat- The persistent nuuidhtl1 on
/ 10 the wheat market hau It's effect on the
stock market and there were cornTIre-
/ hEuEiVe rBcOverieE from the early Declines
before the market broke on the tuterEtats
commerce report The effect Of that factor
, WIS modified 10 some extent when 1ht
/ recommendation described were SAID 70 bt
those Of the counsel 10 the commission
and not yet adopted Ivy that body hset
but the late recovery In the market VIA
/ Que principally 70 covering Of shorts Ent
was significant Of the highly prOfessl unil
4 character Of the selling on the decline.
I The same influence kept Union Fhcth,
/ comparatively firm all dRy after the BhArl
decline Of recent days Delaware 4 II 10
son was subjected to some further severi
pressure outErowrh Of the dispute
/ At the stockholders nesting yesterday ant
/ Of lurtmRriunE q q coming bond issue ~
] the company. National Lead was ruHrEe 81
1 I'D hriEkty 10 the accompaniment Of runner
/ OF an intended increase IN tue dividend
rate. Some Of the other metal and mtninl
stocks also showed strength On RccOuu
I OF trade conditions. There was no i'm
portant change In money conditions.
Bonds were heavy. Total sales par Vhlut
E.Oa 90. United States BONDS were IN
changed on call
Sales and quotations on the Stock az
change today were: