Omaha daily bee., 1908-06-24
NEW YORK STOCKS AND BONDS
Market is One Of Typical Summer
Dizziness
LITTLE ACTIVITY Is E PEoTED
Season Between Political Convention
Will Probably he Period Of Hes
itatiOn and waitIng--New
Developments Few.

NEW YORK, June $50 far as they
were mirrored in the securities market,
events had no important bearing on values
today pnder the influence a of professionsi
operations. The market was enc of typical
summer dullnes and the expectation Of a
was shown in the readiness Will which
a motion was adopted to close the stock
exchange on Friday, July 9, in order TO
Thursday evening until the following Mon
day. Many Of the most influential men OF
fns ncial affairs are already absent on
prolonged vacations and traders and com
mission houses apparently recognize the
utility Of the hopes of an active market;
the great political parties is one feature
discouraging to any definite commitments
trend Of the discussion in the financial
district shows that possibilities of distur-
bance Of confidence and unsettlement Of
business sentiment as a result of the pro-
gTess Of the political campaign are begin
ming to be canvassed.
The likelihood that the questions of wage
adjustments will be put into the situation
Is regarded as threatening a serious COM
plication of the whole problem. The out
the doubtful factors which must remain a
source OF positive unsettlement Of the
speculation up to the period of the actual
harvest. The grain markets sufficiently
Indicate the vacillatlon of opinion on this
all important topic. Sentiment today var
led between the influence of improved
weather conditions for the winter wheat
harvest and the shift of some unfavorable
weather symptoms to the spring wheat
belt. . The acute pressure against the
Rock Island securities which weakened
the market yesterday subsidized today and
this was the most important element in
the recovery which set in. This was in
terrupted by occasional setbacks and weak
ness in special stocks. Chesapeake q Ohio
felt the effect of speculative liquidatiOns
of holdings acquired under the influence
Of rumors of an option on controlling
amounts of the stock in the interest OF
a combination with another system. h
weakness In Anaconda and A~malgamated
Copper was accompanied by reports sub
sequently denied Of a destructive fire In
the mines of those companies. There were
rather erratic fluctuations in Westinghouse
decision of the fate Of the company as
involved in the adoption OF the reor-
ganizatlon plan. Some interest is shown
in the decision to be made by the United
States treasury in the meeting of the
maturity on August 1, of upwards OF $50,
0O0, 900 OF the Spanish war loan. An early
announcement from the Treasury depart
ment is looked for indicating whether the
paying off or ~refundinE of this issue is
intended, as the action taken may have an
important bearing on the money market
Trust companies are beginning prepara-
lions to replenish their cash reserves. up
to the 10 per cent level required by July
/ and to this fact is attributed a slightly
less urgency in the offerings of funds to
loan, which has caused the firmef tone
In the money market in the last rev days.
Bonds were irregular. Total sales, par
value. 81, 43S,000. United States Is declined
u per, cent on call.
Following were the range of prices on
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