Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-01-25
NEW YORK STOCKS ANDBONDS
Market is Dull and Narrow and Largely
Professional.
PRICES HELD ABOVE WEDNESDAYS LEVEL
where Ast showed signs of weak
ness support was Immediately
FOrthcoming-BOnds Are
steady.

NEW YORK. Jan. 2.-There was another
Gull and narrow market today which
marked the lapse of speculative operations
into the hands Of the strictly professional
class OF traders. the origin of orders APP
preaching closer to the Stock exchange as
their volume decreases.
Most Of today's business was believed to
originate on the floor OF the exchange
itself. Commission houses complain of
huential financial powers Sem disposed to
let the market lie fallow, so far as any
evidence of their activity can be discerned
Speculative sentiment continues mixed as
the present dullness, whether by a renewal
OF the recent liquidation or by a recovery.
80 far as the immediate condition of the
market is concerned II was free today from
any perceptible pressure of liquidation and
where any signs Of weakness showed there
for several days s' past. There were were fewei
signs OF such weakness today than yester-
day and prices were held well above last
nights level throughout tho large part of
the session. In contrast with the recovery
late In the day yesterday from early heavi-
ness. Although a slightly improved tone
is intefable from this contrast the charac
ter OF the market is not ess n tally C rged
railroad notes In issues OF varying sizes
continue to come upon the market and
or the difhculty In the way of flotatiOn OF
capital Issues in more permanent FORM
Growing notice Is attracted, however, to
the Gvidity with which these note issues
are sought and the quickness with which
oHerings are sold, showing that capital
however limited the supply may be now, is
nevertheless procurable at a sufficient rate
OF interest. In view of the profitable terms
at which bankers are securing these note
issues motive ls perceptible for them to
retram from making easy the way for
marketing securities.
Considerable attention was given to the
review OF the Iron Age, pointing to the
termination OF the famine in the iron mar
ket ana an increasing spirit in concession
amongst sellers of iron for spot and early
delivery Even more impression seemed
70 be caused by this view in Berlin than
mad been apparently, on the assumption
that a decline OF domestic consumption OF
IRON and steel would be followed by the
ucts.
Money conditions continued to work
easier. Rates for time loans here yielded
notably and were quoted practically for all
PERIODS half per cent lower. The Bank OF
england and the Bank OF France showed q
Iurtner strengthening opposition and dis
the day. The presence of the secretary Of
the treasury in Wall street afforded on
portunity for a denial of the rumors circii-
lsteo yesterday that a further postpone
ment was intended of the date for the
return of the government deposits to the
treasury beyond February 1, to which it
has been advanced already. This NAV have
accounted for the caring of prices late in
tne DAY, although the market was inpressi-
PIE 70 the proht-taking on the days move
trading. Call money hardened perceptibiv
When the intended policy of the Treasure
department. became known Net changes
were small at the irregular closing.
90 Bo nnns We're steady. Total sales par value,
changed on call.
Sales and range of prices on the Nav
York Stock exchange were: