Omaha daily bee., 1908-07-31
new YORK STOCESAND BONDS
Market is Neglected and at Times
Practically stagnant.
FEATURE
GOULD
Trader Awaited Expected Announce
ment of Plan for Meeting Notes,
which Did Not Come Until
After Close.

NEW YORK, July S0.-The stock market
was much neglected today and for a larEt
part Of the Tune was practically idle, m
Iluence on this result was attributed to a
feeling of suspens Of the withheld an
nouncemCnt Of the plan OF settlement of
the Wheeling q Lake Erie note maturity.
News Of the settlement was expected be
fore noon at the outset, but when a further
postponement was announced to what
would be later than the session Of the stock
exchange all disposition to operate in the
market seemed TO be lost. The show Of
strength in the Gould sroup kept alive a
would be helpful to values. The reticenCe
OF all persons directly concerned in the ne
gotiatiohs. however, and the variety of
the rumors in circulation as to the proba-
pie outcome indicated so much uncertainty
mat speculative operators hesitated to COM
cause for a lull in activity, the trading
seems to have entered upon one OF the usual
between periods Of hesitation and seeking
The number Of events in the last few
DAYS which had been looked forward to as
important in their bearing on values and
upon which action had been taken accord
ingly in the market accounts for this lapse
lnto, dizziness. The cessation of the buying
OF the stocks which has resulted from this
state OF the market was not followed to-
DAY by any important selling. When a re-
cession In prices occurred the selling ap-
peared to be suspended entirely. Profess
sional traders, however, had a suspicion
mat any advance In prices was taken ad-
vantage of to distribute stocks. The quiet
ness OF the market was believed to be in
accord with the desire of important finan-
clai interests. which are supposed to depre-
cate undue speculative excitement at this
season of political activity and of Develop
ments believed to be working out as well
IN railroad affairs. Some Influence towards
repression OF activity was caused by the
punished announcement by the attorney
general or the intention Of the government
20 push with renewed vigor all cases pend
ing against railroads for Rranting rebates
or like offenses. There is some apprehen-
SION that this mood of the government au-
t~hortties may affect the desire Of the rail-
roads to advance freight rates. for which a
DeheNolent view from the Interstate Com
merce commission was at one time counted
upon The copper stocks showed consider
exchange as well as those traded in out
SIDE, The further rise in the price Of the
metal helped this movement. The opinions
puolished by the leading iron and steel
trade journals as to the amount of the i'm
provement in those industries. so conserva-
the region of the stock exchange, that
tnelr weekly appearance has some repres-
slye influence on speculation.
Cali money continues in great abundance.
! nut the time money market grows firmer.
DISCOUNTS advanced, also, in London and
showing. of the Bank of England and the
sank OF France. There were some reports
OF damage to spring wheat from rust.
Wllch had an effect upon the price OF
wheat and was an influence on stocks. Last
prices OF stocks show small declines from
were 50. consistent and So narrow as Ia
leave little Significance in the days changes
! bonds We're irregular. Total sales. MAJ
value, &.S4.o0 United States bonds were
unchanged on call.
Number OF sales and leading quotations
I on stocks VyaTa ne fnl1- -.