Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-07-09
new YORK STOCKS AND BONDS
Crop Situation Has a Dominating
Influence on Wall Street.
COUPLE OF SENSATIONAL scAREs
Railway Managers show Disposition
TO Place Orders with the steel
Mills and Equipment Manu-
facturers OF Country.

NEW YORK. July s.--Cspecial Telegraml
Wall street this week had very trying
experience. The crop situation was again
the dominating influence, and is likely TO
remain so until the middle Of August The
most nsauonal scare OF the season was
engineered from Chicago and Kansas city.
Corn was run up nearly cents bushel.
wheat. ~ cents; oats cents and cetton
This. however. was not the only scare
that confronted Wall street. II had also
10 contend with an acute unsettlenent OF
ell the European security markets through
the revival OF the Moroccan question grow
ing out OF the action OF Germany
British eonsols made a new low reeore
Berlin sold 5000 shares OF international
stocks in New York. II did not take long.
however 10 demonstrate most conelusively
that the selling OF stocks and the wild
excited events noted were greatly over
came to grief when they sought to make
their operations Ut the sudden change for
the better in the whole s stqStion ov ~,
sii PrIt the acutenes s that prevailed
diplomacy would settle the vexed question
in an amicable manner, probably, for a
long time 70 come.
Rain BrinEs Relief.
Coincidental with this shift of the
In the west was broken and rainfall fell
over wide expanse OF the drouth regions
| OF the corn belt ana portions OF the cotton
states. This brought much relief to these
two important crops and At the same time
demonstrated the fact that bull speculation
An abrupt reversal of speculation in the
| stock and commodity markets ensued.
Stocks which had previously declined
several points in leading issues recovered
and much of the advance in grain and
cotton was lost The stock market GER
tainly acted wei and showed resiIisneiy Y
when IL was needed, and 1t 10 now clear
that something more than bear raids IL
necessary TO make deep and lasting i'm
complish IL, but that was not apparent
| this week. On the contrary there are evil
funds lust received from interest and
dividend money, and II will be interesting
TO watch the progress OF such purchasing
when weather conditions become less
| dangerous for people to attend 10 business
| operations. There was also moderate in
vestment buying of bonds and this is ex-
pected to increase in the near future.
| The observance of the Independence holi-
day always brings with 1t quiet in mer-
centuated these conditions There has,
| however, been no relaxation in the i'm
| proved sentiment manifested by merchants
| OF affairs in the crop regions. business
| men generally are inclined to take an
optimistic view Of the future
In the Industrial World.
In the industrial world the best feature
has been the Increasing disposition on
| the part Oh the railway managers to
| place orders with the steel mills and
| equipment manufacturers.
| The strength OF New Yorks financial
| Institutions, brought out prominently
| through the events of the week is an in
| cident that deserves the consideratSn in
4 the furtherance Of crop marketing and
| all business operations in the autumn.
The usual midsummer Saturday dizziness
| prevailed today. Only a small percentag
| Of the stocks that make the market were
| quoted to the extent Of 1000 shares. A
| great many others were not even dealt in,
| The tone OF the market was irregular
| with some disposition TO realize after q
/ firm opening. The fact that Monday will
| be a day for reports on vital agricultural
| and trade statistics caused some caution
| in speculative operations.
/ with last year when the markets were
closed before the July Fourth holiday
| bank clearings at all reserve centers show
| q large increase this week. The total for
| the country rose about five points.
fractional variations in a few stocks
| with a somewhat heavy tone to the Stan.
dard shares was the story OF the day
The market was lifeless and for consid-
! cradle periods appeared to scarcely move
| at all. There was nothing in the move
ment TO suggest that spectators were al
| all concerned about the weather news .
| or about the recent Developments abroad
! Before the close, which was at prices near
| the final Of yesterday. there was some
| strength shown in Brooklyn Rapid Tran
| sit and Canadian Pacific.
| Number Of sales and leading quotations
on stocks today were as follows: