Omaha daily bee., 1909-02-11
NEW YORK STOCKS AND BONDS
Market is Dull and Price Movements
Are Bnimportant.
DAY IS BARREN OF INCIDENT
selling OF American Securities In
Europe of Financial Con-
dittens There, is Bar "a Adj
vance I'm VaIues

NEW YORK. Feb. lO.-The speculative
spirit seems TO be in a torpor at present
snd no operations afe undertaken in ths
nificance or Importance. The dealings Of
professional leaders which make up the
market are of a kind which are closed
up from one day to another and often in
the same DAY, a profit of a small frac-
ton being sufficient to induce. %realiEa-
ftful and languid fluctuations which eX-
tend over little greater range In the course
OF a week than for a single day.
TodayS market was almost barren OF
Incident and its subsistence into greater
dulness suggests an early arrival at COM
plete stagnation. a condition, however.
81 time except In periods OF profound
financial and commercial depression. An
IMMEDIATE FACTOR increasing the dull ten
deney was the approaching double holt
Day. Dull as was the market, its action
did not express an uncheerful view of the
outlook. the, resistance 40 the early de-
Ginning tendency and the later sluggish
upward movement suggesting a tenacious
spite OF tbe entISe sSisftn5eeiinattion to take
on new holdings. Foreign influences were
or considerable sentimental effect on the
tone. but without giving rise to any act
ual operations of importance in the mar
ket Securities and money markets
abroad were favorably affected by the de-
tons. The visit of the British sovereigns
70 Berlin IN counted on TO soften some
OF the asperities that have grown up in
49, NhN W. A1NANA' ~
lief was felt over the action of Bulgaria
in the i~ssuance of the rehabilitation or
Der, confirming the appearance OF re-
stored concord growing out OF the set
tlement with Turkey. The agreement be-
tween France and Germany over Moroc-
can affairs was another source of salts
faction Finally, the further rise in mar
ket quotations Of japanese bonds soothed
any app~rehensions that might have been
caused by more bellicose signs in the
japanese relations with this country. The
1orce OF these considerations and of the
relaxing money market in London was
measured in the material advance of 1915
OF q point in the price of British consols.
The direction in which these develop
ments have most interest to the New
YORK market is in the relief afforded
from the insistent liquidation of foreign
holdings of American securities, which
mas been going on for many months. The
in New York, the low money rates in
comparison with foreign money markets
and the continued advantage in the in
try as a result of the heavy excess Of
value of merchandise exports over i'm
ports have all combined to prompt for
eigners to send home our securities as a
means to procure relief for their own
necessities. Much Of this has been gen.
which promises its abatement will go TO
remove a serious weight on the appre-
citation OF values. which would be looked
The few points Of special strength in
today's market had little to explain them.
The rise IN the Colorado railroad group
was In spite of reports of unprecedented
snow 1blocksdes in that region. A rise
In the London price of copper was made
OF some Influence on the copper indus
trials. The appearance of e. II. Harri-
man at a New York Central directors
meeting gave encouragement to hopes of
his good physical condition,
Bonds were irregular. Total sales, par
value, S5,OSo. 600. United States 2s, reg
istered, declined y per cent on call.
Number OF sales ana principal quotations
on GlOCka WRrA as f0i1OUR-