Omaha daily bee., 1909-05-14
NEW YORK STOCKS AND BONDS
Greater Part of Transactions in
Handful Of Selected Issues.
ANTHRACITE CoALERs ACTIVE
Speculative Sentiment Is Suspicious
and Market After Period of In
activity Turns weak and
Closes Lower.

NEW YORK. May 13.-The largest part
OF the transactions in stocks today was
made in a handful Of selected securities.
The reasons for the selection were obscure
SO Tar as any authentic news was con-
cerned. There was a cloud OF rumors a..
circulation all day, but none Of these was
The anthracite group amongst the rail-
roads was the favOrite subject of these
rumors. The superstition persisted that
something was about TO occur which would
place OF value TO the stockholders. The
taVorite rumOr was that the coal mining
properties would be separated from the rail-
ROADS and, In some way, distributed to the
railroad stockholders. The special atten-
ton given to the Dela g. Hudson gave
rise 10 a rumor that IL was to figure in the
proposed adjustment in a particular way,
OWING TO the broad scope OF the charter
privilege. The assertion that an increase of
Tue Delaware q Hudson dividend was Inn
minent was met with the explanation that
THIS company declares a fun years divi-
dend in December for quarterly distribu-
uon, leaving no occasion for a decision on
Ihe subject earlier than next December.
Inc speculative sentiment was tinged more
or less with suspicion by these evidences
OF inconsistency In the explanations OF some
or the. market movements. The Rock Is
land demonstration was attributed to the
recent return from a foreign trip of one OF
the capitalists most prominent In that and
a number OF other properties which have
moved In response to the supposed resump-
ton Of stock market activities by this in
terest. The upward start in the Southern
Railway stocks was unexplained by n
special news. This, coupled with that in
Rock Island, gave an appearance of favor
for the low priced stocks, which awakened
some sympathetic movements in other
stocks. In the days market the general
tone was firm, but the movement was mar
row. Prices gave way at the last after
holding all day. TIL Harrimans started
upward, but met selling pressure again,
such as has been In evidence in those stocks
for some time past.
The news with most bearing on the pros
pect for affairs came from the western
grain fields, where abundant rains were re
ported with greatly increased promise for
the rapid progress of the crops. The re-
Views by accepted authorities on iron and
steel trade conditions were regarded as
confirmatory of the more confident feeling
that has been growing up concerning the
outlook there. The foreign exchange rate
was firm and private discount rates rose
both In London and Paris. The time money
market here was reported a trifle easier,
without any quotable change in rates.
Favorable deductions were drawn from the
unimportant dimensions of the French
strike demonstration The caution OF the
speculation in view of the suspicious signs
in the market was exemplified again in
the way In which prices gave way at the
end of the day and closed weak.
Bonds were firm. Total sales, par value.
s., 9l2,0OO United States bonds were UNI
changed on call.
Number OF sales and leading quotations
on nnE NmARA - ANla.A