Omaha daily bee., 1907-05-09
new YORK STOCKS ANDBONDS
Operations Are at minimum and Move
msnt1 Are feeble and Uncertain.
DEALINGS ARE LARGELY PROFESSIONAL
New York Central Rises Slightly
on Report OF Increased Net
Earnings for Month OF
April.

NEW YORK. May 6-Operations in the
stock market were at a minimum today
and the feeble and uncertain fluctuations
In prices were significant OF the lack OF
conviction on the part of spectators.
The dealings were In the hands OF mar
row professional class and could not be
said to represent anything more than shift
ings and efforts TO direct a prevailing ten
dency In the course Of prices that might
be followed. An early advance In few
stocks attracted no important following
and the signs Of weakness in New York
Central seemed to be due to further selling
prompted by consideration OF the wide
margin below the dividend requirement
shown by the net earnings Of the company
for the FIRST quarter OF the year. An ad-
diuonal weakening factor was furnished
by the publication Of the report Of the state
railroad commission on the Brewster wreck
The selling OF the stock was in small
amounts, but no support was apparent TO
offerings continued The pressure on the
stock was lifted TO some extent after
the publication Of the gross earn
showed an expansion of over 20 per cent
over the earnings of April Of last year.
Such a rate of increase, II maintained,
large growth in operating expenses as was
made In the March quarter and so would
tend to preserve the integrity of the fund
available for dividends.
On the side of the crop news stock Jared
better than for several days past. Great
Importance was attached to the moderat-
promise OF opportunity to effect the be-
lated planting OF spring wheat In time to
leave good opportunities for a good har-
vest. The occasional rallies in the wheat
market itself were OF less effect than usual
on stocks because of foreign crop damage
reports in the movement. Delaware &
Hudson was better supported than for sew
eral days past The suggested nature OF
the financing said to be in contemplat ton
was considered less formidable than the
more vague rumors which have preceded
these reports. Some suspicion OF activity
by a bear party In the stock also affected
| the decline. Conditions in the money mar
ket underwent light change, although
| circumstances point to declining resources
| of the banks. The 100000 transferred to
/ San Francisco figure In the subtreasury re-
| port as the operation was done by deposit
| at that institution against Withdrawals Il
/ be made from the subtreasury in Sar
/ mediately contemplated apparently, but a
| later outgo to Paris is still considered
probable Sterling exchange reacted al
Paris today but was weak here also
| Money in London, however, Is reported
| fairly abundant and with as little effect In
| arousing activity In the stock market az
here. Some corporation requirements are
| an influence In the current money market
in New York Union Pacific seemed to TAXI
| little harm from rumors Of an Intended is
! sue of convertible bonds to furnish needed
| resources. II rallied to gain of point II
/ the late market
Bonds were heavy. Total sales par value
1,2s40O0- United States bonds were un
| changed at call.
Number OF sales and closing quotation,