Omaha daily bee., 1908-07-30
new YORK STOCKS AND BONDS
Interest in Market is Apathetic and
Volume of Dealings Diminishes.
ATTEMPT TO LIFT VALUES FAILS
Every BID 1T Advance Brings Out
OHerinEp-CIose is Irregular
Bond Market IL
steady.

NEW YORK. July 2s.-Interest in the
stock market became apathetic today and
volume of dealings. The speculative tone
at the same time was heavy. Early at
tempts to advance prices soon developed
that stocks were being supplied to meet
the bids at the advanced prices. This
supply Of stocks diminished at a moderate
recession and left the market in d dull
ENCOURAGEMENT to bid up prices with the
obstacle to be met of free selling orders
above the market On the other hand,
Ing as to encourage the bear party to
offer prices down. The passing of sew
eral events which have been looked for
ward to was partly accountable for The
neglected condition of the market.
The publication of Judge Tafts letter
earnings of the United states steel cor
poration and the declaration of the
lar dividends on the Hartman Pacific
largely as market factors with their pub
LEGATION. The supplementary statement
given out with the report Of Steel earn
daily booking during July to y per cent
Of the capacity of the works was &C
the statement for its speculative bearing.
But even this was regarded as having
prompted the large accumulation and the
occurred during July. With these various
items OF news out OF the way the mar
ket showed its usual desire for new
INNgA ~ EpAhN NAN hNAN - ~ NfNN
%ulation. The days news did not sup
ply this factor. Some disturbing effect
was produced by the confused reports cir
culated early in the day Of a supposed
serious automobile accident to William *.
Vanderbilt. Some recovery followed when
the reports were known to refer to a mis-
hap in which the capitalist had Ipt been
involved. There was some waning Of IN
terest in the rumors concerning the ad-
tustment in the affairs of the Gould
railroad properties in connection with the
8, 100000 Wheeling 4 Lake Erie notes
falling due on August The steps to be
a mystery of and the information on the
subject consisted Of rumors that bankers
were in consultation over the details of
the plan. The reticence OF the ~upposcl
parties to the plan was believed to be due
in part to the tactics of negotiations. An
occasion of reports OF damage to ship
ping wheat in the northwest. There was
nothing to indicate a marked change in
the conditions of the crops. me eyti-
mates of private experts on the cotton
crop promise an Improvement OF con1i.
tion for the month to be shown by the
government report soon to be issued.
With the decline in activity in stocks
there has come a languishing in the In
terest in the bond market. which was
made the cause of some puzzled complaints
on the part of bond dealers. The new
output of bonds has been sufficient ep.
RDssrently TO supply the present dSsmshd
issues ais. is held by the bond dealer , &c
be unduly high. The new Central Pa
cific first refunding As when issued are
being dealt in on the curb ana nave
dropped to below the price at which they
were taken from the bankers. thus dupli'
eating the experience with the Union Pa
cific r%efunding 4s. The strength of III,
metal gave strength to the copper ndus
trials. The irregular Limitations CON
Bonds steady. Total sales, par value
SO. csc, 600. United States bonds unchanged
Number of sales and leading quotations
on stocks were as follows