Omaha daily bee., 1907-03-29
NEW YORK STOCKS ANDBONDS
After Squirt Of Activity at Opening Market
Bsc,mos Dull and Quiet
THREAT or STRIKE DtPRtssEs RAILROADS
Later Tone is Heavy, but Close is
Fairly Aotive-Great Northern
Rises ~ Result of Favor
able Court Decision,

NEW YORK, March B.-There was a fur
ther deeultory contest waged between the
opposing elements in the speculation for
a small part Of the Stock exchange SEES
sion OF today. When Il was demonstrated
that neither side was gaining any marked
advantage, the professional element which
had been carrying on the contest prac-
tcally abandoned II. After that the mar
ket fell into period Of dizziness, such as
has not been seen for many weeks
The quietness was accepted as q CRATE
full relief from the recent turmoil in the
market. The professional testing opera
tons seemed TO be largely on the short side
Of the market The resistance which these
efforts encountered was attributed to the
capitalists said to have been organized
for the purpose of supporting the market
and supposed to be responsible for the
rally In Tuesdays market. When the mar
ket was seen to have regained some de-
gree Of balance, many brokers left the
street, intending TO be gone until Monday
as much-needed rest, Active operations
We're In progress at the subtreasury today
In the working of the treasury's relief
on account OF redemption of government 4s
OF 1907, OF anticipated April interest on the
customs revenues with the national banks
were all In progress II preparations we're
IN progress also for the large interest and
dividend payments Monday. they were bal
anced by these relief forces and the money
market failed to show any reflection OF
mem When the stock market advanced
early in the day Great Northern preferred
was conspicuous leader on account OF the
decision Of the Minnesota supreme court on
the legality of It's $50 CO., 900 stock Issue There
was, however, an abrupt fall in the quota
tons Tor the subscription rights to the
new stock in the curb market While the
issue OF the new stock has been held up
by the litigation, periods have accrued for
the payment Of three 10 per cent INSTALL
ments of the subscriptions and another
islls due on April g. These installments,
III made payable all together on April &
would call for some $240OOOOO and might
prove troublesome In the present condition
OF the money market There is a general
Ieenng or hopefulness that money condi-
lions VIII improve after April l.
Ihe Bank of England made a weak re-
turn Tor the week, but discounts eased
IA LONDON and sterling exchange at Paris,
winch measures the pressure of outside
money requirements on that center re-
| coded sharply. The poor showing Of thr
Engiish bank, therefore, and IN less degree
/ OF the French bank were Regarded al re.
| nectlng the results OF past pressure with
| a promise of amelioratlon for the future
reports of a deadlock between nf1cja is
ana operatives on western railroads which
threatened a strike had a depressinv effect
| on the market and helped to the beav,
| tone or later trading The MARITIME ~
| OF prices at the end of the dav was on
/ SnaIl volume of transactions The mar.
ASS closed, however, fairly steady
1onus were steady Total sales na,
value. Nglh0O. United States bonds vyert
unchanged on call D''uS "ei'
-, me Ioilowing was the range Of prices or
Ine new York Stock exchange: