Omaha daily bee., 1908-04-17
new YORK STOCKS ANDBONDS
Market is Active for Day Before
Triple Holiday.
PRICES ADVANCE sLIGHTL
Buying is Mostly by Board Room
Traders who Had sold short
--Crop News IL More
Favorable.

NEW YORK, April 16.-The stock market
showed more life today than was expected
on the eve OF a triple holiday. The tone
was quite strong at times The demand
largely to professional origin. The board
room traders have been bearish and the
short account proved the more extended
when It came to evening up contracts pre-
liminary to the holiday.
Some attention was attracted by a state
merit. apparently inspired. that the Erie
financial settlement was not the eleventh
hour makeshift il has been assumed to be,
but was the carrying out OF a definite plan
having the assent of the companys bankers
ard prepared some time before as an alterna-
tive to cover the failure Of the plan Off
cially offered. This fact was urged against
the suppositiop that friction had existed be-
tween the Morgan and Hartman powers in
the Erie settlement. There were reports
In circulation also Of sales having been
made of large holdings of railroad stocks
held by other railroads in the furtherance
Of policies of community of interest In the
past. These rumors applied especially to
the Vanderbilt holdings Of Lehigh Valley
and to holdings Of Reading by other com
panies. The purchase was reported by j. p.
Morgan q Co. of a $l6,000OOO bond issue on
subsidiary company of the Lake Shore,
which gave hopeful expression Of the
growth of Improvement in the investment
situation. Union Pacific was a leader in
the days market and absorbed a large share
OF the total transactions. Some effect was
produced by reiteration Of reports OF plans
for the comprehensive advance in freight
rates by the railroads and of the sanction
Of this action by the Interstate Commerce
commission.
The Baltimore & Ohio made the first re-
port Of March net earnings at hand
and its S4691T decrease compared with
March of last year did not promise well
for the influence OF economies effected by
the railroads IN conserving their net return.
Crop news was favorable in the reports of
rains in Kansas and in the assurances ex-
pressed by the Cincinnati Price Current
against any harm from drOuth up to the
present time. There was some heavy buying
of United States Steel and the strength Of
this stock had added sentimental effect
from the present in this city of large
of their consultations was known to be to
fOrtify themselves against the cutting of
prices, which is acknowledged to be in prog
ress.
Known movements Of money up 10
Wednesday night Indicate a gain by the
banks of nearly $10,OO00O0. after allowing
for the SlO0O,0O0 engaged for export to Paris.
Foreign exchange held firm. million more
was taken for export to Paris and addl-
Cal, money was loaned as high as per
cent, compared with maximum of l& per
cent on the previous days this week. The
declaration of a dividend on Amalgamated
Copper at an unchanged rate was in accord
with expectations and was not marked
influence. The bond market showed con-
siderable variety and a firm tone, although
not large. Total sales, par value, S,OS,OOJ.
United States 2s registered and Ss regis
tered have advanced 70 and the 3s coupon
a per cent on call during the week.
Following were the sales and range OF
prices on the Stock exchange today