Omaha daily bee., 1908-08-21
NEW HORE STOCKS AND BONDS
Rsscnonary Tendency Manifested
Wednesday Becomes Pronounced
MANY ACTIVE ISSUES SELL OFF
Little Deaafte Views Accom- Baafe-
Dawnwsrd Msvemezt-Baytag ~
sp~ecuIator- - Uas.uauy
LIEht.

NEw YORK Aug D-The -encuonary
tendency IN TIE stock market Wnich y
operations. gathered fresh momentum to-
day. resulCng In temporary losses IN
lumber 81 ire active ssues. No very 1e1-
nsrr news accompanied the
movement aside from minors % The prob
able dismissal Of 400 employees OF the
Pennsylvania system or or before Septer7-
Der J.
T1e-s Wa further acute weakness In
New York Central. both here and abroad
although in London the opinion prevails
that reduction of the coming dividend WI
b. avzrred- To ofsua- adverse factors. i'd
vices from FirtsturE reported a marked
increase IN the ruruaEa handled BY ne
railroads OF Lat district and also prFpara
toms by the Ta1l companies Tor large
equipment orders. IRE news from the
western and westa- LE~-Culr1Tal spr-
tons was 1utsrnistr IN the extreme. rains
the ias1 Two weeks having apparently gwen
crest relief Corn seems o. have =EDe-
claliv benefited. and officials OF The Eur
I-EtCn road report Indications ~ a lH
Ter cent 1ut-ur1 IN mat STAPLE The MINOR
labor troubles which recently hung over
the Industrial situation apparently have
taken q turn for the Better. especially m
reported % have made 0ye---r-s Tor a
settlement Of their differences with -re
United Nine Workers Little Significance
attached % the business OF The eErfalse
which was restricted .n volume ur1l the
final hour. when recovaries from the early
recession were made under thr lead q THE
a-A.. aaaaA-A HEEAEE AANa .AE .AaA ..
the lays early losses gave place % net
gains. The sensational decline in cotton
was hardly a market influence. although
the Wild and incisCriunlnat- selling n r1at
commodity was IN some quarters regarded
a. a bear a-gume The failure CO inc
officials 10 reach any decision
with the Interstate Commerce commission
regarding the company g trouble with --e
sw1tchmen was utterly ignored The close
vas suronE. under the lead or Southern
Pacific. which reached its high price on
this movement Concurrent Strength vas
shown b. Union Pacific anu A-cElson.
while New York Central gained a fun
point on ne day. Proof that " al street
commission houses are doinG little new
business Just now s found IN a canvass
Of the leading banks and trust companies.
which report an enormous decrease IN
loans compared WITH the corresponding
season OF iast year and LgS. L is a-thorl-
tauvely asserted that the street = nRnCiH
demands for speculative purpose have sell
dom been smaller a. any time in 4. last
five years.
From abroad the only noteworthy news
was contained in the weekly
Of the Bank Of Eugland and the Bank
Of France The British institution reported
q total reserve Increase az SO. Nn.0N and
public deposits increased ia zoe 010. adj
vancing its proportion Of reserve 70 ia
bililes % SD per cent. against ID per
cent last WeeA- The Bank Z France shows
2 decrease OF about E-gU.117 IN note Circu-
'aCCu and a very small increase In gold
on hand London attitude Of sIoofnpsH
towards our securities market continues.
llCuEl some Of today $ buying OF Southern
Pacific vas said 70 he for that account.
i've an0 six mcnrnE we're reported At Gl-
per cent. with an easier tone for all dates.
Bonds were irregular Total sales. par
value, G2B.@a Government bonds we're
unchanged on call.
NunL-r Of sales aao IeadinE quotations
CT stocks were IS fuTlCWE