Omaha daily bee., 1909-02-06
THE OMAHA DAILY BEE. SATURDAY, FEBRUARY 6 1903.
NEW YORK STOCESAND BONDS
Rumor of Illness of E. H. Hartman
is Disturbing Factor.
DENVER AND RIO GRANDE LOWER
Keeping Alive Of Anti-Japsnese Asi-
tstiOn Has UnfavOrabIe Eject
Reading is Also weak
Point.

NEW YORK, Feb. 5.-short periods Of
ANIMATION In the dealings In stocks today
brought the days total sales to some
snlng above the recent average. The stir
ing OF ACTIVITY was caused by one or two
occurrences to which an unfavorable inter-
probation was given from the standpoint OF
holders of securities.
Inc character of the market, however,
was not radically changed from The
neglected state which has prevailed all
this week. Apparently the professional
element had stretched its resources to the
Unit on the buying side OF the market,
ana finding no following to help them,
turned to the selling side Tor a turn. To
expedite the downward movement they
progressed apprehension over the news OF
another projected vacation by Ell. Hair
rlnlan' accompanied by limitations OF an
attack of rheumatism. So much has been
made as a speculative force of Mr.. Hsr-
riman's supposed plans and projected ac-
uViues that any serious deterioration of
his health would be of serious conse-
qusnce to the existing fabric Of market
values. The slight effect produced by to-
days rumors seems to be reassurlng. there
Tore, as to the physical condition OF the head
OF the Union Pacific system. The weak
ness OF Union Pacific was transferred to
Denver g. Rio Grande. causing a reaction in
mat stock, the recent strength of which
mas been due to suggestions OF a part by
MI Hartman in a far-reaching project
Tor recasting the Gould system. Another
point of special weakness was Reading. in
which there has been persistent selling for
several days past. This stock owes its
high price to the confident assumptions
which were formed that the commodities
clause of the Hepburn law would be de-
clared invalid in the test case brought in
me supreme court. Recent decisions of the
supreme courts have been so far away from
SPECTATORS predictions that a feeling of
uneasiness has grown up against specu-
lstive holdings in Reading. Stress is laid,
also, on the necessity OF a new agreement
this spring between the anthracite car
riers and miners I'm their employ over
rates OF wages, which offered the posi-
piIlty OF q enhancement and a strike.
The keeping alive of the anti-Japanese
agitation In California and the sensational
attention given TO 1t are not liked In specu-
lative circles, where the possibility of a
sudden untoward circumstance is kept i'm
mind An Influence of another kind was
the initiation of dividends on BROOKLYN
transit, with the declaration of a 1 per
cent dividend for a quarter. Brooklyn
Transit dividend prospects have been a
perennial subject for discussion for over
ten years past, during which the stock
rose at one time to as high as 1877 without
any actual dividend being forthcoming.
With the taking of this subject out of the
realm of conjecture there is a considerable
element in the speculation which will find
itself almost without occupation. The mar
row movement of the stock on the an
nouncement indicated the quieting effect OF
certainty in contrast to doubt. The known
pretty even offsets as between the receipts
by express from the interior and sub
treasury operations and the withdrawal Of
gold for exports The final Withdrawals
by trust companies on Monday to meet
the February 1 reserve requirements may
remain to be reflected in the bank state
ment.
The money market maintained It's firmer
tone. Reports were current of further
large bond issues in prospect. The amount
of absorption in the bond market in the
last few weeks is by no means adequately
measured by the amount of new issues
subscribed for during that time or by
this volume of sales at the Stock exchange.
as large amounts left over in the hands
of of older issues have been
digested during the same period.
Bonds were irregular. Total sales, par
value, $7.Ss4.OO0. United States rs, regis
tered, declined u, the coupon Y and the As,
registered, u per cent on call.
Number of sales ana principal quotations