Omaha daily bee., 1909-01-19
NEW YORK STOCKS AND BONDS
Speculation Falls Into Neglect and
Tendency Of Values is Downward.
RAILROAD RUMoRs DISCOUNTED
Traders Refuse 60 BE Impressed by
Statement New York Central IA
to Hold Securities Of
Hartman Lines.

NEW YORK, Jan. 1S.-The speculation
Tell into neglect today and failed 10 hold
one awakened interest which gave promise
on saturday of reviving the market. Sent-
ment was less impressed by the rumors OF
IMiroads deals, which were in circulation
SUI, but with less semblance of authority
or indeed OF probability. A case in point
Is presented by the story that the New
10TH Central was to fail into the control
OF T.. n. Hartman and was to be used
as a central holding company for the vast
aIIlIlatlons In the railroad world connected
WIZ ms name. An attempt at present at
a dictatorship OF this character did not ap-
peal to plausibility and rather served 10
throw doubt around some other reports
OF other railroad changes which have buEzed
Win erect lately. New York Central itself
was a strong feature in the early market
ana It's advance was of sympathetic in
iIuence In sustaining prices elsewhere. This
In the day.
There IS some feeling that the money
hlarket may be slightly affected by the
confidence remained unimpaired that
hothlng Ike stringency is to be appre-
hended. BY next Saturday the National
first $l5,oO0,oO0 of the SOS, 900, 900 of govern
ment deposits, which have been recalled
9y the secretary Of the treasury. The days
developments also indicate a further outgo
OF gold from here. The Bank OF England
Vas Obliged to give up. gold for South
an hmerlce today n Paris again secured
don. The advance of last week in the
Bank Of England discount rate is thus
proved futile as a measure to secure gold
TO the bank and a further rise IN the bank
rate is discussed In London No gold was
engaged here either for London or Paris,
but there we're further engagements for
South America on London orders. The
Russian loan allotment was over-subscribed
In London, but the premium over the issue
Irce was reduced. Much stress is laid on
the course TO be taken by the gold move
ment after Paris has subscribed to the
Russian loan.
The dropping tendency Of the copper in
dustrials was a drag on the general mar
ket and was directly due to another reduc-
ton In the price of the market on New
York metal exchange and to a sharp de-
cline In the price of copper warrants in
the London market. Current of
the amount of copper stocks now on hand
run very high. rising far above the figures
OF the proceeds OF attempted corners in
past history of the trade. The supreme
a chastening Influence to the speculation
In the affirmation of the judicial DEGREES
of the state Of Texas against the Waters
Pierce OIL company. The effect of this
decision Is to confirm the impression of
the widening exercise of the powers to
regulation of corporations. which has been
growing up In the financial district anew
for several weeks past. Rail traffic Of
ficials did not offer anything stimulating
to speculation in their weekly canvass of
conditions.
Bonds were irregular. Total sales par
value, @,284,W0. United States bonds were
unchanged on call.
Number Of sales and PRINCIPAL quotations