Omaha daily bee., 1908-09-29
NEW YORK STOCKS AND BONDS
Movement Of Market is Dull and Slug.
gish Throughout Session.
DAY WITHOUT DEVELOPMENTS
General Belief that Paroles in
Control of situation Have De
cIded ON Period OF
Hest.

NEW YoRk, septt sS.-Lsst weeks spec
ulH'lNG excitement WaS no tC1ger traCCdOie
IN the dull and sluggish movement u to-
days Atoek market. Financial oRlnion was
Inclined Ia. observe this tendency with graf
i~fication as the feverish ans. violent tluctu-
ations Of last week we're regarded as uu-
healthy and calculated TO dispel confidence
In the market.
The decision Of the forces controlling the
market to give it a period Of rest was in
feTred from the support which checked the
opening decline. This decline was in pur-
suanCn OF the movement in progress at the
close OF last week and which had the effect
OF bringing IN some selling orders IRON
the country at large. over Sunday. WITH
the check TO the fall, the market lapsed
into a condition bordering on apathy and
the gains were yielded easily toward the
last. There were movement in individual
stocks, but the general list offered little of
interest or important. The same could be
said OF the news the day. The further eN-
changes between the leading controversial
lists in the political campaign. in their large
attention to. affairs of great corporations.
were regarded as containing a threat at
developments calculated TO prejudice the
interests of those corporations. Otherwise,
the political issue rather receded into the
background. Some analogy was drawn
from the effect on the London stock market
OF the defeat Of the liberal government
candidate for the British parliament in the
Newcastle district. The London financial
community. like that of New York, reasons
that radical aggressive legislation has the
effect OF causing timidity among investors
and spectators. Prices of English securi-
ties, therefore, advanced on the defeat of
lne government candidate.
Rumors of deals came into prominence
again In New York speculation in the alb
senCe OF more substantial DEVELOPMENTS
Those affecting Rock Island were most
tails. As Rock Island is under the neces-
sity OF providing capital to meet early
obllgations of its subsidiary, st. Louis and
san francisco, there was that much ground
Tor attention to the reports of scteps having
oeen taken to that end. A supposed project
to divorce the st. Louis and San Francisco
from the Rock Island also figured in these
Iulnors. The uncertain fluctuations in the
Rock Island securities reflected a degree
OF spe~culalvedoubt over the truth of these
rumors. The Hin and Hartman stocks
ana 81. Pau, and Reading maintained their
prominent place in the dealings and kept
awe the conviction that the control and
leadership of the. market remained in the
same hands that have conducted the prin.
opal operations throughout the summer,
copper warrants in London declined, and
SopPeIy securities there and here wer,
Sesvy IN agreement. Dealings in United
safes steel also were below last weeks
closing level almost entirely. The action
OF me corn market In declining on the news
MMest nad the effect of convincing sentiment
mat the crop was considered safe from
haIm; The warm, dry weather in fact, i,
Known TO have fastened the maturing OF
me crop. The breaking of the long droutl
Nas gwen credit for some of the strength
SH%pSwn by the cotton carriers.
Inc local money market was HttI,
changed but some increase OF activity wa,
Ieported from western and southern none,
SSutSiS IIlIne commercial papers brOtRh0
somewhat higher rates and buyers wer,
reported particular as to quality. The ex
peIlence of the banks with the paper o
me Fish combination has had an effect q
IHduclng closer inspection of names. For
eign markets gave attention to the renor
mat a $3.50, O00.0 600 Russian loan was 70 h.
oitered soon, after a long period of prepar
sIIoh winch mad affected European none,
markets for months. ~
Bonds were irregular. Total sales. ma,
value, S2'42S,0O. United States bonds Uer
unchanged on call. ''"7 "e''
The following shows the range of nrlce