Omaha daily bee., 1908-08-05
NEW YORK STOCKS AND BONDS
Operation for Higher Prices Are
Resumed with Aggressiveness.
UPWARD MOVEMENT contested
II Centers In Few Issues and Gives
Market Irregular ApPearnnce-
New High for
SEINE Lines.

NEW YORK. Aug. 4-whatever misgiv-
lngs we're felt yesterday over the speol,,
lative situation were laid aside today and
operations for higher prices OF stocks were
resumed with a volume and aggressiveness
that argued the possession OF unbounded
lightly. although a growing Increase in the
out participation was shown.
There was more or less congestion in
single stocks. In the latter respect there
is Tome improvement and an appearance OF
rotation In the demand which cures the
fault Of the one-sldedness in the market
The same is true OF the irregulsrity Of the
market. The tagging or r~eceding tendency OF
portions OF the list was viewed with indiffer-
ence and did not materially obstruct the
industrious operations TO accumulate stocks
going on 81 other point Of the market.
lrregulartty Is taken usually to indicate a
decline IN the professionalism of the oper-
ations. The grain markets we're somewhat
less irritated today. News regaIding the
oiable weather. conditions In the corn and
spring wheat belts. The weekly bulletin
Of the weather bureau gave official con-
urmatlon 70 the existence Of toese condi-
tons. up to last night and the official
weather map this morning showed no fur
ther subsistence Of drouth and heat in the
districts where they are most feared. The
wires brought further reports from private
experts as to the decrease of the yield.
we strongest stocks in the list. Destruc-
i've forest fires were reported TO be sweep
Ing uninterruptedly over a section OF
Brlush and the employees on the
Canadian Pacific were ordered on strike.
Further remarks from +. II. Hartman
were offered for consideration and the
speculative contingent seemed to derive
more sustenance from them than from yes
terdays tnstallment. Mr.. H~arriman's ex-
pressed opinion OF the speculative situA-
ton and Of an opinion that the advance
VIII continue as long as conditions appear
natural and the people were normal. were
accepted in the stock market as specific
4pproyal OF the movement for higher prices
PROBABLY this outgiving was responsible
ior an important part Of the new activity
IN tne market. There were rumors rife
again that an early decision would be-
MADE OF the suit to test the validity of
Ihe commodities clause of the Hepburr
aet and that II would permit the anthra.
cite carriers to retain ownership Of the
coal mines. Definite news had very mi
70 30 however, with the resumption of tn,
puIl movement. The conviction is grow,
ing that II Is meant to discount expectet
improvements in the situation for. an in,
oeiinite period In the future. Assurance,
OF prolonged ease Of money, belief ina
prosperous harvests will be made anc
me restoration OF business activity which
thus expected TO be stimulated. form
the general basis for a movement whici
pause and reaction which govern sucl
movements. The usual profit taking h
ne final hour Of the day was carrie,
tnToueh without serious inroads on prices
me reaction showing evidence of restraint
Lhe closing tone however. was Irreo1iiay
many stocks touched the highest point We
reached this year. ~ &c
BONDS firm; total sales. par value. a az
/ ~ Ghlteo states bonds were unchanRe
Number OF sales and leading quotation
On SHOCKS ware nE Fn11r..~