Omaha daily bee., 1908-06-11
NEW YORK STOCKS AND BONDS
Market Remains in Rut and Volume
of Sales is Small.
MISSOURI
PACIFIC
RISES
Statement that There Are to he No
More Re~ceivershiDs I'm GOulds
Has Favorable EHect-Net
Changes Small.

NEW YORK. June 10.-The stock mar
ket remained in a rut today, the total
shares sold continuing about the low
the shrunken total, the proportion Of ac-
tivity in three of four OF the speculative
favorites was maintained, TO The detri-
ment in the comparison of\ the usual. run
Of stocks. This favoritism came frem
the small room traders, there being no
market. Offerings for sale were even
scarcer than the scanty demand, and
prices, IN consequence, were firmly. he'd,
strength of one or two stocks from spe-
cial causes. Missouri Pacific advanced
smartly on the parting assurances of the
president of the company that the list of
receiverships in the group OF properties
dominated by his family had been COM
pleted. Some remnant OF uncovered short
Interest seemed to be caught in the stock
and helped to the recovery. An advance
In the price OF copper in London and at
the local metal exchange was the basis
for the. rise in a group of stocks con-
cerned in that industry, which gave some
sympathetic strength to the general list.
copper was made to contrast with the cut
in the prices Of steel products. reported
from the earlier response of the copper
market to diminished demand by a mark
ing eowh OF prices, OPINION over tne en-,
remained much confused. There were re-
ports from Pittsburg that consumers were
United States Steel sold minus the quar-
terly dividend Of one-half of l per cent
and recovered that amount before midday.
The advertisement of Union Pacific
bond subscriptions centered attention on
that subject. and prompted a waiting at
titude pending knowledge of the outcome
Of the. sale. The fall in premium over
the subscription price, which has ruled In
the curb market for the new bonds, was
not received as a favorable symptom of
the force of the public demand. The
fact that the prospectus makes no fixed
division of between New York
and London, according to custom, was not
interpreted as a "preCaution to enable adj
vantage to be taken Of the proportions OF
the demand which might develop in the
two markets. The reduced dividend rate
on Western Union stock had been ade-
ing in cash instead of in stock for the
two previous dividends being accepted ap-
parently as compensation in part for the
reduction In the rate. The earnings re.
ported by the company for the quarter
were not considered indicative of o
marked revival OF business activity, al
though the comparison with last years
corresponding period was not as u~nfavor-
able as preceding quarters. No gold was
engaged for export tomorrow, and %foreigr
exchange experts were of the opinion tina
the movement had terminated. Weather
conditions were reported unfavorable foi
crops in the southwest, but the only re-
reflection of this news in the stock mar.
ket was the heaviness of Atchison. IT
days results In the market we're wholly
trivial.
Bonds were steady. Total sales, PAL
value, S2,744,00 United States ponds
were unchanged on call.
Number Of sales and quotations on stocks
/ n q nInDFa