Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-01-05
NEW YORK. STOCKSAND BONDS
Hating Speculative Sentiment Finally
CrystalliEes on Side Of Higher Values
HARTMAN AND HILL ISSUES ACTIVE
All Advance I'm spite OF Legal Obsts-
cIes that Have Caused Traders to
Hesitate-MOney Conditions
Are Easier.

NEW YORK, Jan. A-Speculative senti-
ment, which has seemed TO be In state
precipitated into tangible form on the side
OF higher values today. Substantial al
vances resulted from the general DISPOSE
The demand was quite varied and affected
the list throughout, although there was q
marked favor still shown for stocks wnloh
long have held the foremost place In mar
ket movements. A hesitating short inter
est, which has been added to during the
week, encouraged by the lack OF response
in the market to favorable developments,
was an important element In the days BUY
ing. The pronounced relaxation in the
money market was the underlying ground
for the advance Funds on call were In
apparent abundance and the rate did not
get over per cent with the ruling rate
have brought about this condition promise
TO continue active for some time 70 come,
The consequence was to allay much OF the
actual ease In the money market could be
counted upon for the spring period. The
large projects which have been UNDER tsa,
the market should show absorptive power
are regarded as assurance OF effective lead
mates mates Of the the Weeks currency currency movement
make It evident that a substantial inflow
from the interior to New York has set In
and is likely to be extended, In view OF
the seasonable subsistence Of Requirements
for movement Of the crops New York ap-
pears to have received in the neighborhood
~ FoiV9VsV0V ~ Se.Sh uutA us eno WCSh' StAS
by side with the relapse in the. money
market there was a revived demand for re-
mittance abroad through the exchange
market. The fact that the rise In foreign
exchange precluded the idea OF an inward
movement of gold caused no disappoint.
ment in view OF the obvious fact thai
local resources were abundant to meet
maturing obligations abroad. 1t was In.
ferred In foreign exchange circles thai
measures were being token to anticipate
future maturities and thus to reduce ths
volume OF our obligations to foreign mar
kets for the future. Foreign money mar
kets themselves continued to relax. Thes,
developments were Of decisive effect OF
been regarded lately with concern werS
lost sight Of or ignored.
Union Pacific was one OF the stronges
and most active stocks on the list, in spit
of the beginning OF the inquiry by the In
terstate Commerce commission into the re
lations of the Hartman properties with
| view to discover possible conflict with tn,
| law. There was an aggressive recovery II
the Hill stocks, although the postpone
ment OF the closing of the books for sub
| scriptionB to the new stock issue was wit
| ness of the reality Of the obstacle to tn,
| new Issue of the state of Minnesota's lega
! process, The large gains In the net earning
i Of the Southern Pacific and the Union Pa
| cifc for November helped these stocks
| Other reports showed by contrast the Sc
| or operating expenses
Bonds were firm; total sales, par value
| ~, $4,000 United States bonds were ufl
| changed on call.
The following are the quotations on tn
| New York Stock exchange.