Omaha daily bee., 1908-10-08
NEW YORESIOGRS AND BONDS.
Political Complications in Europe
Throw Shadow Over Market.
SELLING ORDERS FROM LONDON
Tone of Market InnprOves After Close
of Foreign Bourse - Closing
Tone Exhibits Much
UncertRiRtX4

NEW YORK. Oct. THE political COM
plications which have arisen IN the Balkan
peninsula threw a shadow OF depression
over the securities markets today, directly
on those of Europe, while our own market
came within its scope OF sympathy.
The influence was contested here with
varying success, but the modifying effect
OF the European situation on the efforts
70 support prices was very obvious. Dis
ton of political questions considered. al
though much was heard of the concert of
europe the balance of power" etc. No
wide Knowledge, however, was required
TO read the Significance of orders BY cable
from London and from European centers
10 sell thousands of shares OF American
This and other means Of establishing cred
US IN New York has had its effect on the
foreign exchange market, where the call
TOT remittance TO foreign points makes it.
set evident. At the same time holders
or wheat testified TO their doubts over the
to part R RIfspe't their ny bo SiGinGi'n@s sS9
mill owners showed corresponding de-
sire to replenish their holdings. Tie
wheat crop was equally effective IN re-
ducing Its price in face of the factors of
strength In the market. The foreign SELL
ing or securities converged on a number
or stocks, which have held a leading place
~ all recent speculative movements and
6ne sentimental effect of their weakness
on the general list was correspOudingly
great. The improved tone of the local mar
ket after the hours for activity on foreign
.NS NANAahbEb Hdu passed was IuTIler
testimony to the part played by foreign
influences in the early The APP
Pearance or records on the tap OF sales
Tor cash for several thousand shares of
various stocks gave rise to some rumors
OF embarrassments, until il was explained
that they were caused by the bankruptcy
proceedings in the A. o.. Brown & Co, fail
ure. Ot influence. also. were the reports
mat plans adopted to settle up the affairs
OF a bond house might be defeated by the
opposition of minority creditors.
a reduction In the price of refined sugar
was a minor factor In the heaviness of the
London also counted to that end The
abrupt relapse in Rock Island preferred,
from It's buoyant rise of yesterday threw
some discredit on what is regarded as an
uon The choice of stocks to form the
medium for operations towards rallying
!he market fell on those of lower grade and
lesser price. Erie was conspicuous and
cumulation of United States Steel. The
selection, later, OF some of the southern
railroad stocks for similar operations gave
the market sfme color of a distinctive
account for these special movemen was
not offered. The money market was not
appreciably affected by the political de-
abroad, call loan rates hanging
near the level of the midsummer ease Of
rates: Discounts hardened both in London
and Paris and the Paris Bourse especially.
was greatly unsettled. The profit-taking
IN Rock Island preferred, was facilitated
by the movement in United States Steel.
which was regarded as a diversion, IN large
part, from yesterdays active speculative
rise in Rock Island preferred. The clos
ing tone OF the market exhibited much un-
certainty.
Bonds were firm: Total sales. par value,
S4AO.OO0; United States bonds were I'M
changed or call.
Following, were the sales and range Of