Omaha daily bee., 1907-04-18
new YORK. STOCKS ANDBONDS
Market Psoomes Narrow Because Of Decline
in Interest in Open Options
LAST PRICES LOWEST OF THE DAY
Probable ReopeninE OF the Hartman
Hearing Recalls MemOrieh of
slump Accompanying Former
Sessions.

NEW YORK, April 1.-THE only factor
OF any importance to be drawn from the
action of today's stock market ives us
narrowing proportions due to the decline
In general interest In the open options
The demand for uncovered shorts, which
was responsible for brisk price movements
In spite Of the small dealings, was carried
somewhat further today before II had eN-
hausted It's influence on prices. Dealings
then lapsed into a state of lethargy. This
condition Is regarded as rather seasonable,
especially after liquidation such as was
trict is full OF constant rlmors Of the con-
sequences felt by the severe decline In
prices which took place then and the heavy
losses involved. The fair inference that
much is to be done in the way of repair
Of damage done at that time gives credl-
blity to rumors and makes sentiment sen
volved IL Is generally believed, have fallen
upon spectators whose operations have
been relied upon for some time past Tor
leadership Of any important movement IN
the market. The reduction Of the resources
available to such operators In Itself would
constitute an obstacle to an immediate re-
sumption Of speculation on any such scale
as has been Witnessed in the market in the
lest few years. 1t is rather obvious. also,
stocks, which was conspicuous at the eX-
treme low level Of prices and which may
ton of the floating supply OF stocks, has
died out almost entirely at the recovered
level OF prices and has subsided also In the
market, with any active resumption OF de-
mand for currency from the interior, Is
another subject Of uncertainty. With the
added problems OF the outcome OF the
years crops and the extent to which the
slowing down in trade may go, the halt In
stock speculation becomes inteuigible
News Developments were OF small con-
sequence as they affected the market.
Much responsibility for the reaction was
attributed to a published report that hear
inRs would be resumed tomorrow by the
Interstate Commerce commission into the
Hartman railroad operations with an APP
plication TO the courts to entore an answer
TO questions refused before. The effect Of
previous hearings on the stock market Is
too recent to allow their suggested re-
sumption to be contemplated with entire
equanimity. The strength of the morning
the further recovery In copper metal in the
London market. Money here was firmer,
although the change was scarcely per-
ceptible. New York exchange at Chicago
eign exchange here Is firmer. Discounts
hardened in London and the likelihood of a
further reduction in the Bank of England
discount rate is lessened by the movement
Of gold from London to Paris. 1t is ex-
planned, however, that this movement is
due to repayment OF London discounts
which were purchased last year by the
Bank OF France. The movement therefore,
represents working back to normal con-
ditions which Is expected to operate to-
wards the easing Of the stress which has
been perceptibe in Paris. Today's state
ment OF the Imperial Bank of Germany
also showed rapid further recuperation
from the strain of the April settlements
ago. Last prices of stocks were near the
lowest.
Bonds were irregular. Total sales. mar
value, 81. 2&.0oO. United States bonds were
unchanged on call.
Number of sales and cIosIns ouotattons
on stocks were: