Omaha daily bee., 1909-07-30
NEW YORK STOCKS AND BONDS
Market Displays Considerable Activ-
ity During the Day.
TARIFF INTERESTS WALL STREET
News from washinRtOn, Indicating
Possible Deadlock, Was Cause of
Uneasy Feelings, which Later
intelligence Dissipated,

New York, July 2y.-The usually active
speculative stocks fell into neglect To-Day
but a diversion Of interest to the less
prominent quarters Of the list %rectitied
the dull appearance of the market and
supplied points Of strength that gave tone
to the whole.
time the market closed was regarded as
offering ominous possibilities of a dead
lock In the final stages of the tariff set
Element which might negative the results
Of ali the labor of recent months and
leave the business of the country in a
state OF renewed uncertainty over the fu-
ture. This fear. however, was proved TO
be unwarranted by later events.
The decidedly ftrmer tone In the time
money market was another dlsSuaslNe IN
fluence on speculative activity. The pre-
monitory symptoms of the scasonable de-
mand from the crop moving sections are
appearing In the banking world ana the
possible consequence TO speculative Dor
roweTs are beginning to be taken INTO
account. Some of the western banks are
withdrawing loans placed on call in this
market during the idle period OF the home
demand for funds.
The Inference is drawn OF a developing
requirement for banking facilities outside
Of the speculative markets In the great
centers. The lifting of interest rates on
time loans in This market has caused a
resort to foreign quarters to borrow, ana
this foreign borrowing was offered as an
explanation of the sharp fall IN foreign
Exchange rates which occurred today.
london was a purchaser also OF stocks
in New York 10 some extent. and this
made q supply of exchange which had It's
part In driving rates lower. No further
gold engagement we're announced, but
the engagements for several weeks ahead
remaln 10 be shipped to South America.
The disorders in Spain and the threat
ehed aspect Of political affairs there was
a disturbing influence abroad, but had
very little Influence here. The spanish
news was a factor in weakening Rio Ttnto
copper mining shares, but A~malgamated
| Copper aid not show its usual sympathy
with the movement and made a good
Grain crop advices we're considered ia
vorable. The price currents report In
stilied fresh confidence on the subject,
and the clearing weather In the northwest
removed fears of damage to wheat by
rust. The cotton crop is the subject OF
apprehension, and the poor condition re,
ported by the National Ginners' report leo
to anticipations of a Encouraging EXHIBIT
by the government report to be published
on Monday. Stocks Of railroads In south
ern territory, some Of them distnctlvely
cotton carriers, were, nevertheIesS,
amongst the principal features OF strength
IN the market.
These Included a particular movement IN
the GEul Sv,i group Rt, amt q at Coast IT Lin LDe'S and,
in a less degree. Southern railway. The
erangers. on the other hand. were ne
elected and this added to the m9st nm I'm,
United States Steel compared with their
recent aggressive leadership, was Largely
responsible for the lethargic appearS on1a
tInued to reflect the influence Of the sup
posed growth Of the Hartman influence,
and this, with a good advance IN Sonthern
pacific. Reading and a number OF the
less conspicuous specialties. was sufficient
TO keep up the tone OF the whole market.
The high prices at the end OF the Gay
was made also In the period OF the mar
ket's greatest activity. 3 giving a very
strong tone to the closing.
Bonds were irregular. Total sales, par
aAn a IL CNAAAC honda were
unchanged on call.
Number Of sales and leading quotations