Omaha daily bee., 1909-04-09
NEW YORK STOCKS and BONDS
Sudden Rise Of Number Of Obscure
Issues Features Of Day.
USUAL MARKET LEADERS QUIET
Trader show Disposition to CurtaII
OPerstiOns Because Of Approach
OF Three-Day Holiday Bonds
Are Firm.

NEW YORK, April s.-The DAYS pro-
proceedings in the stock market exempli-
req the adage that every dog has
his day the stock exchanges special
adaptation OF the term dog making the
old saying apt. The market gave every
evidence at an early stage of a dlsposi-
ton to %curtail operations on the eve of the
three days recess. The occasion was
seized. however, by numerous pools to
rush into prominece, iunumerable favorites
and to push them upwards by violent ad-
vances. This sudden advance Of strength
was accompanied by nothing in the news
to account for II, either OF q general tenor
or Of special application to the stocks
affected.
There was little even in the wav OF
rumors TO explain the appearance in the
spotlight of stocks. which have stood in
the background during all the period of
activity Of stocks of larger issues and
more representative character. Some others
have not appeared on the tape at all for
days or weeks past. One OF the days
news reports was that the Hughes commits
sion to investigate exchanges had com
pleted it's report and that no recommenda-
ton of legislation to restrict trading In
stock exchange would be Included. Whether
the unostentatious appearance OF the an
nouncement and the astonishing variety of
the days movement i'm obscure and pooled
stocks had any connection may afford an
interesting subject for conjecture. 1t was
the subject OF remark during the sessions
Of the commission that pool activities were
under discreet restraint and sensational
price movements were a rarity. The sub
stantial body of the stock list was quies-
cent today. but firm Each ebullition like
that of today is accepted usually as a sign
Of degeneration in the speculation and a
harbinger of the end of a movement. The
market showed it's recent disposition to
ignore bad signs, however. and there was
no urgent pressure to get out of stock
holdings over the holiday interval The
stock market kept one eye on the wheat
market and saw evidence there to confirm
the fSaiiaf that the R~OV6rnmnnt cTOn report
did not promise well for the winter wheat
crop. The reassembling of the conference
between the anthracite operators and the
representatives of the miners were hope
fully regarded as promising a settlement.
The coslers continued to benefit from this
view.
The TINA Of the currency movement
indicated that the money supplies would
be increased by the time stock market OPP
CREATIONS are resumed on Monday next. Re
ceipts on balance from the Interior thus
far this week are reported to nave reached
as large an amount as the total from that
source for all OF last week. Money there
fore, continuing exceedingly easy. DIS
counts declined In tone, but rose IN Pans
and the London exchange at Paris also
declined. Taken in connection with any
further advance in Sterling exchange mere,
this might lead to resumption of gold eX-
ports from New York to Paris. Such a
prospect would be viewed with entire
equanimity by the New York financial
world. A good deal of encouragement Is
felt over the marked Improvement IN the
government finances, largely by reason OF
the expansion in customs receipts The
United States treasury, in consequence
finds itself with such resources that an
early issue Of government bonds Is con-
sidered 10 be an unlikely necessity. The
profit-taking sales at the end of the day
subtracted about as much from prices of
the principal stocks as had been added
by the advance. leaving the only notable
change of the day in the class OF stock,
which made the feature of the day.
Bonds were firm. Total sales, par value,
81. TO6, O0. United States bonds unchanged
on call for the week.
Number OF sales and leading quotations
m afockR were as follows: