Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-04-30
new YORR STOCKS ANDBONDS
Rise Of Union Pacific the ouly Noteworthy
Feature Of Session.
NO NEWS TO EXPLAIN MOVEMENT
sharp Reaction in wheat Gives
some Assistance to Advocates
for higher Prices for
Stocks.

NEW YORK, April 29.-The extremely
limited operations in the stock market to-
day gave no hint Of any growth OF OUT
Pacific was the only one worthy Of note.
The strength in that stock really dominated
the whole market and gave II whatever
vague character IL made. There was no
news to explain the advance In Union Pa
chc II was variously attributed TO the
ulate in the stock and to the expectation
Of some coming change In the AFFAIRS OF
the company that would rebound to the
benefit OF the stockholders.
The sympathetic effect OF the Union Pa
cihc movement radiated through the mar
ket with diminishing effect in stocks more
remotely connected with 1t. the greatest
effect being shown in the more intimately
connected transcontinental groups. The
sharp reaction in the wheat market gave
some assistance to the advocates Of higher
prices for stocks. The amount OF unload
Ing OF wheat Induced by the news Of Show
ers in the southwest serves to impress
stock market sentiment with the large
amount Of speculative influence which has
been at work in the recent wheat market
and so detracted from the force of re
cent crop scare reports. Otherwise the
day was unusually barren Of incident and
offered small help towards resolving the
uncertainty which holds the securities MAJ
ket in check. The price of copper made
gave some impetus to copper securities.
! Reports from railroad traffic officials were
OF continuance Of favorable conditions, but
IN less sanguine tone than recently Inc
car situation is reported easier. although
| this is attributed to an increased supply
! OF new cars rather than to any falling of
| in traffic offerings. Admissions are made,
| however, of some disposition on the part
/ of manufacturers to cut down expenses
/ or extensions OF work and by the bankers
/ to discourage larger OUTLAWS at this time
| This Is accepted as showing some eXteu-
| sion of the feeling which has prompted cur
| tailment OF railroad plans TO other fields
| OF industry.
The keen competition in the London mar.
| ket for the newly arrived gold was looked
| upon with interest. The sharp bidding
| which advanced the price of the gold Y
! point, the small proportion secured by the
! Paris bidders the continued fail In the
sterling exchange rate at Paris and the
! firmness of the sterling exchange market
here all added to the likelihood that GOLD
might be shipped from New York to Paris
| The local money market was not affected
| with a very sluggish demand for funds
for stock market purposes. There wal
| unusually languid interest in the immediate
! dividend meeting of United States Stee
| directors which Is to occur tomorrow. Thi
was largely due to the decline of any ex
pectation Of a change in the dividend rat'
| to be declared. The statistics of earning
| for the quarter and of orders on hand are
awaited with much interest in stock mar
ket circles. There was a feeling of salts
faction with the Tranquil outlook reported
in the labor field on the eve of May day
Bonds were steady. Total sales. pa
value, 81, 254 900. United States bonds wer
unchanged on call.
Number Of sales and closing quotation
on stocks were: