Omaha daily bee., 1909-04-15
NEW YORK STOCKS AND BONDS
Notable Lack of Animation in Market
and Deals Largely Professional.
ATTENTION CENTERs ON WHEAT
H"ect OF Possible Light Crop 90
Business Feature of Day-CoaI-
ers Advance sharply Near
Close.

NEW YORK, April l4-There was a nota-
~ .aSA OF animation IN the stock market
,o = approaching apathy at times. A
as proportion OF the uatiy operations Al
tne present period are supposed 10 orig
anete WITHIN the walls OF the Stock ex-
tnanse amongst the professional room
uaueTs. A market OF such narrow propor-
Ions is not ifnpervious even to sucn a
stIictiy local influence as the weather.
W whien was calculated to discourage a spirit
was attrpbn,a 'oday To that calculation
mat was shown in the days dealings. IN is
apparent, also, that increasing attention is
srngn py the stock market operators to
sIaih CROP conditions. In view of the ad-
mittedly impaired condition of the winter
Nneet crop extra interest centers in the
Explorations re Tor the spring wheat crop.
10y auVlces from the spring wheat region
today were OF unpropitious conditions for
ssedlng owing to the inclement weather.
~ sensitive condition of the wheat mar
ket In It's highly speculative state emnha-
sises the effect OF news or The crnp In
mat market. Some of the selling of stocks
soosy was accompanied by professions OF
sroWlng anxiety over the years crop out
turn, upon which much admittedlv de-
penos tor the continuance of the restora-
ton OF prosperity.
The extension Of the long interest in
SOCKS IN the course of the prolonged rise
aods to the v~ulnerability of the market,
ana the professionals are watcbf,l for on,
poreahllles TO attack the bull position and
20 attempt to force speculative liouidation
~ depressing prices and exhaustinR mar
gins. These attempts were hut nsrfiaIiv
sSuScSssluI IN view of the vantage point of
Sne low price level already established in
yesterdays trading. Some slight unsettle-
ment IN the opening dealings was due 10
r sa OF the effect of the Turkish troubles.
I ms selilng appeared to come from local
sources In anticipation of foreign selling
put when II appeared that London was buv.
xms STOCKS In this market the early de-
pIvsslon was overcome. The rise which
Followed was again lnterrupted nv evil
dence OF liquidation on the protested score
oL Ine crop outlook and the call for q re-
ssncaatn9n on general principles. Some OF the
.speclal stocks which have been pushed up-
wards most rapidly of late plainly showed
the etfects of the profit-takinR. and This
nae a sympathetic effect on the general
nst' Fresh advances were brought about
az new points, and this served to offset
me erect OF the weak stocks and to keep
the tone unsettled. The coal roads stocks
were strong as q group. a. Lack
awanna & Western rose far. above. its pre-
vlous record price to $50 on sales Of only
a rev hundred shares. This advance was
the only confederation Of rumors of a plan
Tor q large extra disbursement to the
stockholders of this company. There was
some further show of strength, also. in
be heard OF the maturing of the plan for
extensive financing of these companies. A
hardening OF the private discount rate in
farls, a turther fall in the sterling rate
az Paris and the firm tone maintained by
the foreign exchange market here kept
awe discussion OF a probable resumption
oI kolu exports from New York. this time
to Paris New York money rate on call
loans touched "a per cent Reports of
shading of prices Of wire products indi-
Gated that the downward course of steel
products was still in progress. The mar
ket closed with a rather sensational dem
onstration going on in the coalers. but the
tone. Of the general list was irregular up
to the last. =
Bonds were irregular. Total sales. par
value. $,16O,O0 United States IS, coupon,
call.
Number Of sales and leading quotations