Omaha daily bee., 1907-02-14
NEW YORK STOCKS ANDBONDS
indication Of Organised Speculative Opera
tisn on the Long Side.
MARKET OPENS STRONG, BUT sPOTn
There was Free RealInfnE on ths
Advance and Close is Bswer
on Extensive PrOat
Taking.

NEW YORK, Feb. l2-The stock market
gave the first clear indications OF organ
Of the market since the abandonment OF
the campaign for the rise In January. The
source OF these operations was not dis
cernible. but the fact Of the execution Of
large individual buying orders for various
stocks was manifest Brokerage houseAs
which usually handle large accounts. were
buyers In lots Of several thousand shares
in various important stocks. The manner
Of executing these orders did not warrant
the assumption that accumulation was the
nfst consideration and IL was evident that
the lifting OF prices was a design as much
as the securing OF stock With this display
Of more aggressive leadership in the spec
ulation there was an Improvement in SEN
ument More consideration was given TO
some Of the hopeful factors in the outlook
with some OF the topics that have gwen os-
caSion for feeling Of depression lately
dropped out OF consideration. There was
no actual change in conditions 50 far as
public knowledge reached to account for
the change in sentiment
Much stress was IaId by the buyers Of
stocks on the confidence now felt at Wash
rency reform proposed by the senate
finance committee will be enacted into law
at the present session Of congress; MOI
pected 20 result from the proposed measure,
but the professed opinion Of the speculative
element is the determination that 20 take
action on the subject may be regarded as
q promise Of more comprehensive steps 20
follow. II was believed that the offer OF
Go COO OF e OF isSs al ioih. while not likely
to be taken advantage OF TO the full
amount, would bring out sufheient offerings
TO provide for the requirements OF the
call for return of 100000 Of government
depos, Is on Friday. There was a disposition
to accept some OF the paragraphs OF the
presidents message on the leasing OF min
eral lands as softening Of the r1gor OF
his views towards combinations OF capital.
This u q subject that has been much dwelt
upon about the stock exchange ever since
the fall In prices came TO a stop. Buying Tor
London account was an appreciab.e FACTOR
I in the strength OF the market The prog
ress OF the London settlement revealed
moderate charges for carrying over Amer
leans into the next account The foreisn
attitude towards the American marke.
4 upon the New York demand for golo IN
/ the London market
Various runors played a part in the day
| movements The Hill stocks were anecteo
/ by CONFIDENT predictions that the Minnesota
/ suit to entoin the issue of Great Northern
stock would result in favor OF the com
pany. The ccppers were a feature ana
wide advance in the price OF the metal N
london helped the speculation. EXpecta-
1 ton OF an increase in the dividend rate or
Anaconda played an important part Re
ports of the settlement Of the PennsylVsnla
dispute also helped that stock. The market
was spotty in it's early demonstration OF
strength. There was freer realizing also
on the advance. The development con
stantlX Of new points Of stre r. .5 nae tns
Of increasing confidence The strength pc
came fairly comprehensive during tht
course Of the day. although the usua
/ the day anected the final prices.
Bonds were irregular Total sales pa
! value n7NOOo. United States new Il
( coupon declined II per cent on call
The following was the range Of prices or
| the New York Stock exchange: