Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-04-06
NEW YORK STOCKS ANDBONDS
Market Is HiVhr on Heavy Buying BY
Outside Parties.
HARTMAN PAclHcs AND READING ACTIVE
Close OF Market iH irregular and
Considerably below Highest
Level on Extensive
PrOht Taking.

NEW YORK, April 5.-operations for
the advance were aggressively pursued IN
the stock market today and wide additions
were made to yesterdays gains and prices
No change In conditions from those Of yes
terday were apparent beyond the contn-
uanoe Of the relaxing tendency in money
This was In fact, regarded as the keynote
Of the situation and gave the Impetus to
the movement in stocks.
Commission houses reported a general re-
vival Of interest In the market on the part
Of clients Of the special class, an element
regarded from the stock market point OF
view as making UP the general public,
always as marking an important stage In
speculation. The appearance Of this ele-
ment was taken advantage Of, as usual,
for some heavy profit-taking on the part
Of the more professional element includ-
ing board room traders and those having
first access to the actual operations OF the
market The manner in which profit-tak-
ing again was absorbed proved impressive
10 speculative sentiment and was assumed
to indicate the re-entry into the market Of
some OF the large financial powers which
have led great speculative movements in
the past. The size Of individual transac-
tions the congestion OF the dealings in a
few special stocks and the sensational
movements IN such stocks gave this I'm
preston OF participation in the dealings by
organizations or individuals possessed OF
resources far beyond the ordinary. The
action Of the market under such forces
takes on more or less artificial charac-
ter and reflects active manipulation as
/
I that reason Viewed with some suspicion
Enormous operations conferred In the Har-
| riman Pacihcs and In Reading, suggesting
| the resumption of market operations by
/ forces which have been uuiescent IN the
| trading for a considerable time, Southern
| Pacific shared fully in the movement and
! was. regarded as giving the motive for II
| In its extraordinary showing Of net earn.
/ ings for February published yesterday.
rebound in the price OF copper In Lon.
| don was responded to by the rise in Anal
/ maEated Copper here. MANY other move
ments conferred around these or followed
| from their influence. This made up a mar
I Ret OF great variety and frequent irreEli
! larity the rise in fresh stocks being tnlter
advantage OF to market others. The pros
pect of a strong bank statement tomorrow
! was an influence in the dealings The sub
/ treasury has contributed to the bank
| since the last statement was conpiied $40
! $4,000. and II Is beIievsd that tbIs r,.ns
( ures about the actual gain in cash for tn,
week, as the movement OF currency to ant
from the interior seems about to have bal
anced. The easing of the local money mar
ket has had the effect OF checking the fov
or currency TO the center, and New Yorl
exchange at Chicago has fallen back I,
par. 1t was announced today also tina
al OF the gold engaged IN London las
/ Monday for shipment to this point hat
been resold I'm that market Another helm
ful factor IN the strength OF the marlSe
was the settlement without a strike OF IN
wage dispue on western railroads. II wa
significant of the changed attitude Of IN
speculation that no account was taken a
me increase IN operating cost to the rail-
roads involved in the advance in wage
granted In the settlement. The large sell
ing to take profits during the dav wa
skillfully conducted. but the market close
prices.
Bonds were strong. Total sales. ma
value, S2942,Oo0. United States bonds wer
unchanged on call
Number of sales ana quotations on IN
New York Stock eXchanRe