Omaha daily bee., 1909-06-30
NEW YORK STOCKS ANDB BONDS
Considerable Activity is Shown in
Industrial Group.
BUYING SIDE CAUSES GAIN
News that sugar Trust VIII probably
Not he Prosecuted Has Favorable
Effect ON sugar stock
Lead Market Better.

NEW YORK, June Sue expansion OF
activity and interest as occurred IN me
days stock market were traceable 70 the
dealings In the industrial group ana IN q
number Of speCialties. 1he growth OF
activity came IRON the buying side OF the
market and a fair showing Of substantial
gains In prices as the result.
From it's inception amongst the stocks
of a dorman and obscure class, the de
dustrlals, especially of those dealing in the
metals and with later and more pro
nounced effect in United States steel. the
news in the market, such as II was, tol-
lowed this movement instead Of preceding
them and this kept up the impression OF
the narrow and professional nature Of
was practically the only prominent STOCK
which rose yesterday was held back
ment OF Reading earnings showed some
falling off In surplus compared with the
same month last year but the action of
the stock was attributed rather to the
effect of profittaking than to any posi-
tive depression caused by the figures.
fsyoTabIS 20 oust5br IT, TSI i pIU1p ro no tsSP fhat
the statute of limitations has not been
found to operate as a bar to the pro-
posed criminal prosecution by the federal
authorities for the acts disclosed in the
Pennsylvania Refining vompnny's liti-
cation. The advance in both classes OF
can beet sugar and then by q large
number of minor industrials. The min
ing and smelling group was affected first
$3.50 - SNCNh'A'
Reports of better conditions in the lead
market owing to the working down OF
stocks OH hand, the resulting prospects
OF a rise In the price, were an influence
in this movement. Use was made of the
claim that such an Improvement Ia the
lead market is a usual precursor of ar
Increase in demand for copper. The cop
per stocks consequently shared in the
strength caused by the lead advices al
though immediate reports from tfc sop
per trade were less satisfact@n and
prices of the metal declined = London.
There was current again In Eae stock ex-
change district an often prevalent rumor
of a proposed combination Of a large mum
Der OF companies outside OF the United
States, Steel corporation which are con-
cerned with the iron and steel industry
The r0SUrrence OF this rumor had the
etSect Of advancing the price Of United
that such a combination IL effected would
work In harmony with the big corpora
ton rather than in competition with It:
Greater Capitalization OF control would
be looked for from such an arrangement
United States steel preferred shares In
strength of the common stock. This move
ment proved to be impressive and affected
sentiment towards the whole market, al
though, the list still failed to make
are so little ruffled by the near approach
or the half yearly settlements that The
promise of sustained abundance has some
stimulating effect on, the securities mar
ket. There were slight advances today II
the private discount rate in Paris and II
Berlin. but the rates in London recedet
and the extreme ease of the New Yori
money market was undisturbed. The
rising tendency in the wheat market wa!
in face of highly encouraging advances
regarding the grain crops. The gooC
crop news was of some help to stocks
The large influence of the notable advanc
In the steel stocks did not. d~lssipate en-
tirely the irregular tone OF the market
The variety Of the demand for bonds wa
taken to show some re-investment in an
ticIpatlon of July distribution of profits
900.
call.
Number of sales and leading quotation