Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-02-12
NEW YORK STOCKS ANDBONDS
Trioss Advance Readily on . Nodsrsts
Vslums Of Buying.
MARKET IS BULL AND INACTIVE
Brief Period of Animation Follows
Announcement of Treasury OGer
TO Purchase 1907 Bonds
at 1O1 Ia.

NEW YORK. Feb. 1.-THE notable fact
in the action OF the stock market was thu
readiness with which prices advanced on
volume Of buying which was moderate.
The buying orders came into the market at
Irregular intervals and there were long
halts In the rising tendency and in the exc
the market in the dull intervals was re-
markable and highly significant throughout
the subsistence Of the selling. During the
first hour there was some selling which
seemed to be based on the prospect OF
higher money rates offered by the complex
ion of the bank statement on Saturday.
The receipt Of the news from Washington
that the Treasury department would buy
f25. 10000 Of the nearly mstured per cent
Of 1927 at 10lh was the signal for most an
imated buying OF the session. Thus was
the first impression given by the news Of
relief from the anxiety over the coming
withdrawal Friday OF this week Of the re-
naming half of the deposits OF govern
ment funds made with the banks in De-
cember, which would call for {600o,OO0.
days bank statement is attributed largely to
the withdrawal of the first hall of these
deposits, and the small margin Of the bank
surplus makes the threatened withdrawal OF
100000 more look formidable. The treas
ury,s of1er is y per cent higher than was
time only about ss COO 600 Of he bonds was
turned in. The price offered is practically
all there is in the market The response
to the offer is not expected from holders Of
the bonds who have them on deposit to
secure circulation. From investment hold
ers II il not expected that large offerings
will be made. More stress was laid on
the expectation that the decision OF
the treasury would be modified regarding
the withdrawal OF deposits on Friday.
There were rumors In constant circulation
in the market also OF a feeling Of greater
confidence on the part of capitalists over
the attitude of the administration towards
corporations. There was some vagueness
in the current surmises on the subject
varying from supposed modification Of the
plans OF the government to the belief that
the feeling Of increased confidence simply
represents modified views of capitalists as
to the probable effects OF the government
program
New York secured none OF the gold ar
rivals in London today. although an adj
vance in the price caused some degree OF
competition for the supply, The impression
is conveyed in banking circles that this re-
suit was due to a compliance on the part
Of New York bankers with the sensitive
conditions in the London market rather
than to inability to have secured the gold.
Good effect on foreign sentiment towards
the American financial situation is expected
New York market toward foreign necessl-
ties. Ca1 money was higher than last week
and the time money market was hrm IN
sympathy, but the stock market reflected
no uneasness on that score.
The dizziness OF the market was probably
accounted for by the interruption of oper-
atoms OF tomorrow's holiday. The strength
OF the coppers was the effective sustaining
factor in today's market. Rumors OF IN
tended increase in the Anaconda dividend
were used with effect
Bonds were heavy. Total sales par value
$4,000. United States . registered ad,
vanced &c; the coupons, the 30 and the old
a., nc, and the new 4s coupon, Nc on call.
The following was the range of prices on
the New York Stock exchange: