Omaha daily bee., 1908-10-06
THE OMAHA DAILY BEE. TUESDAY, OCTOBER {, 1905.
E WYORK STOCKS AND BONDS
Values Tuctuate Wildly as Result Of
Conflicting Forces.
HILL STOCKS MOVE UP SHARPLY
Break at Opening on Account 81
Balkan war Rumor Followed By
Beriod of HesitatiOn-
Bends Irregular.

NEW YORK, Oct. 5.-Prices Of stocks
luctuated and showed the unsettling OF
strong conflicting forces. On the one hand
was the acute crisis developed In tho near
eastern question and on the other the tonic
effect Of the striking upward movement in
the Hill railroad stocks. II was noticeable
the opening break caused by the Bulgarian
war prospect, there was much more hesits-
tion following the further recovery over
The knowledge that tomorrow is the date
for the annual meeting of the Northern
Pacific stockholders helped to give credit
TO the stories of early developments. These
rumors we're supplemented by renewal Of
reports that a segregation Of Union Pacific
assets was In prospect with distribution
TO stockholders of shares in a holding COM
pany. This combination was an exact re-
production of rumors heard through the
summer In connection with the rise in
stocks, but which were dropped suddenly
out of consideration when Il. II. Hartman
returned from the west. and prices slumped
in the stock market. The flavor of renova-
ton about the market deprived them Of
some OF their force, The analogy was
carried further by tacking on the rumors Of
important Hartman plans concerning the
Erie. The general list was growingly un-
responsive to this stimulant and finally
broke badly again. The late reaction owed
something also to the fear of further effects
from the Balkan outbreak.
The small effects OF the European news
on the local markets was partly due to a
belief that a way out would be found
through diplomacy for an adjustment of the
questions at issue between the powers, leav-
ing the immediate armed conflict restricted
TO Bulgaria and Turkey. In addition t. this
opinion there was a feeling that the harm
to come to American securities even In the
event of a European war might be small.
A cuftailment in the market for cotton
might be supposed, and the weakness in the
cotton price was a reflection of this. On
the other hand, q quickened demand for
our breadstuffs could be assumed. The
effect of this assumption on the price of
wheat was offset by the news of the heavy
movement Of grain to markets and favor
able crop news. While q demand for gold
might be expected to arise in the event OF
a foreign war, 1t is. believed by bankers
that much of the persistent foreign demand
for gold throughout recent months is due to
the preparations that have been going for
ward to meet the very contingency that has
now arisen. War would undoubtedly send
some to market some American securities
held by foreigners, and there was. in fact
selling for foreign account today. There
would be, however, some flow OF capita
into American securities as representing
values most remote from the threatened
danger. The closing tone was much un
settled and weak.
Bonds were irregular. Total sales, pa
value, S3,49 600. United States bonds wer'
unchanged on call.
Following were the sales and range o.
nricea on the Stock eyphanaa tOdaV.t