Omaha daily bee., 1909-01-13
new YORK STICKS AND BONDS
Selling Pressure is in Evidence, but
in spOtty and Slow Way.
HARTMAN APPEARS AT OFFICE
umOr of Illness No longer Bear
FsctOr-Buying IL Not AEEres-
sive and Prices Relapse
sharply.

NEW YORK, Jan. 12.-selling pressure
continued in evidence in sto1k transactions
today, but was in a pretty spotty and slow
way. E. II. Hartman appeared at his
office for the first time since BEFORE the
Christmas holidays and hereby put an END
to the occupation OF bearish Opei ators VINO
had been disseminating rumors Of his serious
illness in efforts to depress prices. Che
agreement Of the Turkish government to
accept the offer made by Austro- Hungary
for an indemnity for the annexation OF
Bosnia and Herzegovina was accepted as a
definite removal OF one deep-seated cause
OF unsettlement in foreign stock markets.
With these changes, which had been ag-
g~ravating the weakness In stocks, the bear
element took on a share of caution, and
increased reserve in the way IN which
they pushed operations. The belief that
the bear party was becoming unduly
numerous and cumbersome in the course
OF active selling campaign, and putting it
self in a vulnerable position for a turn On
them by the bulls, added to this disposition
OF reserve. The result was seen In tho
decrease in the activity OF the market and
the disposition to take stocks at conces-
sions to cover shorts. The odylng at con-
c~essions was obvious, although opinion
varied as to the proportion due to short
covering and to renewal Of accumulation
In the long interest. Whatever the source
OF the buying, 1t was not aggressive ard
did not pursue an advance in prices, as
seen in the dwindling activity Of the mar
ket on rallies and the sudden relapse in
prices at last. Recent predictions were full
nv III EA0 hANlNdHt III lht NnlItAO "
Alton dividend, and Toledo, ST. Louis &
Western, as holder OF control of Alton, ad-
vanced In sympathy. Other minor stocks
continued to rise, with repetitions of ru-
mors of favorable Developments. The Wis
consin Central stocks especially were af-
fected by reports OF alleged negotiations
for absorption by the Canadian Pacific.
The statement OF the agricultural exI erts
for December made a good showing. The
total value. of the months exports rises
to the highest figure touched since the
preceding January, which marked the
elimination OF the panic rush to market
our products and realize gold to relieve the
financial ~stringency. Large additions Ia
the engagements Of gold fer export were
view or the unruffled ease of the money
market and the continued influx Of funds
TO the banks. A decline in the private dis.
count rate In Paris gave some evidence OF
an effort from the large gold accumulation
IN the Bank Of France, which Is expectet
70 terminate with the issuance of the rms.
sian ioan on january %. Discounts con,
we speculation is unchanged that the of.
nclaI discount rate OF the Bank of Eng.
ANA VIII be advanced on Thursday 4
soou zeal or ommcn is heard in ths
financial district on the amount OF attentloy
sven TO the inaugural addresses Of stat,
executives TO the subject of regulation d
corporations. The remarks Of the nrevi
dent-elect to the Augusta Bar associ tjor
pointing out the coming necessity for lin,
uauons upon the use Of private propert,
Wnen represented In combination with can
Hai, attracted a good deal of attention
Bonos were irregular. Total saiss "a,
vaIue, $4,000. United States bonds Uysr,
unchanged on call. WINS "eI'
on me following were the closing quotation,
/ VII btOGkS Ann hnnhas