Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-05-05
NEW YORK. STOCKS AND BONDS
Strength Manifested, Although Re-
garded by Some with Suspicion.
BIG SALE OF BONDS REPORTED
Foreign Business said to BE Heavy
in Paris, London and BerIiR--
Anxiety Exists over
Crops.

NEW YORK, May 4-The professional
Uaulng element IN rhe stock market was
inclined u. look With Suspicion on the mani
tes,auUn Oh Strength today, owing to the
persistence win wilicn nquuRUun has
Deen pressed on similar advances lateIy.
nevertheless, the Developments were lnl-
portant in the direction Of real relief from
some Of the factors that have borne most
heavily on the financial situation.
Foremost place in these Developments is
taken by the resumption Of foreign demand
for BOND issues. Inc days rumors on that
subject were varied ana embraced wide
assortment Of reported sales in Paris,
London and Berlin. Although none Of these
were officially varied, the Corroborative In
dicarions were sufficient to warrant the
assumption that large transactions were
being contaminated in the International
markets.
The most clearly defined reports pointed
TO New York City revenue warrants, St
Paul and Big Four and in wagner terms,
other railroad bond issues. Estimates OF
the amount of these sales ran from $50
100000 to upwards of S1O0 100000.
The reopening Of this source of supply
Tor American capital requirements con-
stitutes relief Of great Importance for
the condition in which the American mar
ket which has thrown the bond market
into lethargic state and halted the
progress OF the plans for improvement and
extension The dislocation in the foreign
trade situation at the present time owing
/ to the abnormal balance of merchandise
! Imports, adds TO the Importance OF this
L
The London money market gave evidence
/ today that the period Of strain in that
/ market is definitely over. The arrival in
( London of last weeks final and heaviest
/ gold shipment from New York coincide
with the decisive decline in money rates.
4 The actual carrying through Of the de-
ferred tax payments in London remains
| to be made, but evidently no further
| anxiety is felt as to the entire ,sufficiency
! of the resources to effect this transaction.
| sales of bonds abroad involve, of course
| a permanent addition TO the periodical
| remittances that have 10 be made i'm in
| terest payments, but this consideration is
| overweighed by the evident ability to en-
| terms In domestic enterprise. with the
plain indication offered by the bond mar
ket of scarcity of such capital available
| in our own market. The funding of the
! country indebtedness on account Of com.
mercial balances into mortgage loans op-
! Grated to afford relief from the demands
on the money market to meet, these
! maturities.
The new turn in the bond market oh.
scured the topics which have been weigh.
| ing on stocks. Reports Of further curtail.
| ment of iron production were received and
/ uneasiness over the copper trade situation
| showing TO be made By the coming gov
eminent crop report. The resisting power
I Of stocks TO any remaining factors Of de-
preston was proof against bear attach
and the gains Of the day were held almos
entire.
Bonds were firmer. Total sales, PAL
\ value, 81, $4,000 United States bonds were
unchanged on call.
Number OF sales and principal quotations