Omaha daily bee., 1909-03-25
new YORK STOCKS AND BONDS
Days Operations Largely in the
Hands of Smaller Professionals.
READING ISSUES ARE BID VI
Rise Due to Belief There vii
he No strike of Anthracite
MIners-outRo Of GoId
Checked.

NEW YORK., March AIN tho absence
Of positive news developments affecting
property values, operators in stocks today
acted largely on deductions from the mega
tive side. The operations were almost
wholly in the hands of the smaller profess
slonaI class ana were significant, there
fore, Of nothing more than the view OF that
class. The fact that the violent break
In the local traction shares had not re-
suited in bringing on the market any con-
siderable quantity of other shares was
indicative of the good resisting power Of
the market. With this proof that prices
were not ready to go down the room
traders took the alternative and tried to
make them go up. There was a further
break early In the day in Third avenue
and some slight weakness In the general
list in sympathy. This was 80 light as to
suggest the shift in the position of the
traders. Foreigners also had a hand in
causing the early heaviness. sales for Lon
don amounting 10 several thousand shares
A renewal of uneaslness over the political
situation in the Balkans was reported
from various financial centers abroad.
Aside from the immediate anxieties caused
by these periodical crises in the Balkan
question. the prospect that a final settle
ment Is likely to be delayed disCourages
me taking of a definite speculative po-
sition in the markets. 1t is the belief in
the continued unsettling Influence OF this,
together with various other questions,
which is keeping the stock market ac-
question was viewed today in a cheerful
frame OF mind and reports were current
that a way had been found for settlement
which would appear in the course OF the
day. Something was made also of rumors
Of large sales Of refined copper yesterday.
Efforts to substantiate these rumors in
any authoritative quarters met with fail
ure. although some moderate increase i'm
demand for copper in the last few days
was claimed. The price Of the metal was
marked down again In London today. The
reported return of a capitalist lately active
in the marketing of a number of railroads
was Of some strengthening effect on a
few stocks, as his rumored illness yes
terday was supposed to endanger the COM
pletion OF some OF the projects which he
Is credited with intending. The check TO
the gold export movement to London, which
has resulted from the fall in foreign eX-
change rates, has come earlier than was
expected. The supplies of funds in London
seem to have grown so abundant that bank
ing authorities find II difficult to keeT
money rates UP to the point necessary
TO insure a continuance of the inflow OF
gold. Gold bars bespoken at the assay
office today were supposed to be for Ar
g%entina. Discounts were lower today In
London and aside from the temporary re-
quirements for the April settlement easier
money is looked for at an early date.
The coming of spring is a traditional in
nuence towards higher prices in stocks
and this was taken some account Of in
the professional trading Of today. Weather
and the close and growing attention now
paid to everything bearing on the winter
wheat crop condition makes this subject
one OF importance to stock market OBJ
servation. The professed hope Of a favor
able outcome OF the anthracite wages ne
COLLATION. was made a reason for bidding
up Reading in the late market and thu!
offsetting the inclination to take profits
which was making its impression.
Bonds were irregular. Total sales, pa
value, 100000. United States bonds were
unchanged on call.
Number OF sales and leading quotations