Omaha daily bee., 1909-03-30
NEW YORK STOCKS AND BONDS
Market is Again Active and Values
Advance Rapidly.
MANY LARGE BUYING ORDERS
Foreign Markets Rise on News Of
settlement of Balkan AFFAIR and
Movement L. Reelected
Here.

NEW YORK. March " The stock mar
ket today fulfilled the promise of a wider
speculative interest than was contained la
the sudden revival on Saturday. The effect
OF the rapid advance in prices at the end
OF the week was to bring in a large Increase
Of orders for stocks today, which we're
executed in the market with many symp-
toms Of speculative excitement.
Tn volume OF the market was run up
by noon to 900, 600 shares, thus rather eX-
ceeding the recent average for a full days
business. Brokers found themselves with
orders on their hands when the market
opened for purchase Of anywhere from 100
to 5000 shares OF stock, the latter figure
representing individual purchases in sew
eral cases as reported on the floor. More
over, these orders were for purchase at the
market In some cases, that Is, without
Limitation on the price. This state OF az
fairs was responsible for the buoyant up
shoot Of opening prices. first quotations in
United States Steel and Union Pacific be-
ing wide, or with simultaneous prices cary
ing a fraction. Besides the sudden flowing
OF the speculation in the local market
Saturday, foreign markets contributed the
Influence of the definite settlement of the
dispute between Austria and SerVia re-
ported in the morning dispatches. This re-
lieved the London and European markets
from quite a weight OF depression and com
oined with the Frightening money outlook
TO stimulate q speculative revival abroad.
The effect was seen In the large receipts
Of orders for the purchase of American
securities in New York, stimate of Lon
AbAA = bA1 AA AOA AA0 = III AAoAAA
5000 to 100, 900 shares. This was a material
factor on the strength OF the market and
had q pronounced effect on the foreign eX-
change market rates for exchange on Lon
don, making a heavy decline under the in
fluence of the credits esta bllshed abroad
by these foreign purchases. The question
OF further gold exports was thus definitely
settled in the negative. Discounts receded
in all the foreign money markets, presagine
the expected accumulation of funds which
will follow the April settlements and the
I fnnFaa SO i'm nnnfhdonna EaaIltinC from the
Balkan settlement. The speculative ele-
ment continued to lay much stress on the
early return to the financial district in
tended by F. II. Hartman and the con-
ferences which rave taken place between
that gentleman and President Louis Hin OF
the Great Northern. The Hartman stocks
were prominent features Of strength, South
ern Pacific, In fact, selling at the highesI
price OF record. while Union Pacific touched
a price within a fraction of the highest
made since the panic. Another factor II
the strength OF the market was the repor'
from Washington of influential efforts be
ing made 10 expedite the program OF the
tariff bill and the rope thus aroused tina
this matter will be disposed Of at an early
date and removed as a disturbing influence
There WAS much discussion OF the anthra
cite labor outlook and the professed belle
that n costly conflict would be avoided
was a helpful influence on the whole mar
ket and on Reading in particular. New
bearing on the advance did not extent
much beyond these points and the technica
position as reflected In the long PASSIVE
resistance OF prices to apparently depress
ing factors was the point most relied on
At the advanced level Of prices today Their
was very heavy selling to realize at al
stages, and this had some ultimate effec
on the rise. The absorption power OF tn
market, however. was impressive and thi
sustained the undertone of confidence II
the speculation. Advances in prices o
copper and lead were announced durint
the day. Reports from the steel trade I'm
dictate that In spite OF the dizziness In tina
trade in general, orders for structural ma
terisl in March were the largest for an.
month in the history OF the trade.
Bonds were firm. Total sales, par value
s, 19S,0O0. United States bonds were un
changed on call,