Omaha daily bee., 1909-03-05
NEW YORK. STOCKS AND BONDS
Inauguration Of New President is
Received with Passive Satisfaction.
MARKET IS GENERALLY DULL
Improvement In Balkan Situation
Causes slight Rise Mt openinE,
and After Feeble F1uctus-
zion Close = Weak.

NEW YORK. March A-The inaugurs-
ton OF the new president was received with
passive satisfaction in the financial dis
trict so far operations in the stock
market gave any surface intentions. The
cheers Of the brokers on the floor upon the
announcement of the swearing in of Mr..
TAFT we're the most tangible expression of
the prevailing view. The point In the
character Of the new president which is
most priced In financial circles Is that
stated by himself in the appreciative esti-
mate Of his predecessor published in a
periodical in the words.
HIS intense desire to reach practical re-
suits for good has made him. at times,
Impatient Of the restraint OF legal methods,
while | have been trained as a lawyer
and a judge, and am as strongly imbued
with the necessity for legal methods as
eleven years on the bench are likely to
make one"
wall streets appraisement OF all the
policies and Intentions outlined in the in
augural address IL tempered by the con
sideration OF individual temperament which
the president thus himself recognizes. The
Inaugural address contained nothing to
surprise stock operators. Aside from the
fact OF the clear outline OF Intentions
which the campaign discussion and oc-
casional published statements since had
given, the circulation in advance OF the
document itself had given opportunity,
according to professed claims in the COM
mission house. to study the text Of the
documeut beforehand. The professional
element in the speculation, therefore,
would have had opportunity to act on their
estimate OF the effects Of the address sew
eral days ago. During that time profess
sional efforts to discount the Inaugural
ton consisted in the occasional buying Of
a few stocks. As it so happened that sub
| seuuent considerations induced the closing
out OF much of this purchase. the profess
slonal traders found little left for them to
do as an expression of opinion over the
political succession.
The days duilness was attributable. in
no small part, to the serious interruption
OF wire communication with all parts of
the country. The Frightening Of the Bal
kan situation prompted some buying OF
stocks and helped the opening show of
strength here. There was another little
squirt upon the announcement OF the
swearing in of the new president. For the
rest, price vibrations were feeble although
the market yielded weakly at the last.
The clearing of the steel trade situation,
reported by the organs of the trade was
not definite enough or followed by enough
buying to cause any great impression.
There was another drive against Erie on
the score OF the restrictions upon the per
mission for its bond issue. The strength
in the wheat market, speculative as Il Is
in origin, called attention to the promise
for the winter wheat crop and keeps alive
anxiety over Its fate. Money rates are
tending downwards again and ready sale
Is still reported for new Issues OF railroad
bonds.
Bonds were steady. Total sales par valu,
2,284-cW. United States bonds were un.
changed on call.
Number of sales and leading quotations
7 M aAAATma