Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-03-05
NEW YORK STOCKS AND BONDS
Some Commodities Take Slump, Get.
ting Down TO Rather Low Level.
BULLS GET IN WORK ON STREET
Money Market Easy and Large SANS
Are raid out I'm Dividends-Out-
lock for Business Con-
sidered Good.

T.
Eram)-One overshRdowiug consideration
in the business world during the week was
the attention fixed on the action that
would be taken al Washington on the
Canadian reciprocity agreement The
stock market toward the middle 81 the
week. when the chance for q vote on the
agreement diminished. began 20 give away
and less activity prevEiled.
Thursday prices suffered q slump on
marked increase Of selling activity and
leading issues went below the low figure
reached on last weeks break. although
the declines did not go down 10 the level
reached a. that time IN London. Nester-
DAYS dealing were. II not governed. at
least affected 10 some extent by what are
CALLED technical reasons. such az appeal 10
professional Spectators and relate chiefly
TO the quantity Of buying or selling which
has been going on and the extent 20
which quotations have moved M or down.
While II Is not considered the failure 20
pass the reciprocity treaty that Is al
together responsible for the slump, still IL
cannot be denied a. 20 q very great extent
controlled the market on certain issues.
some BuIlish Feeling.
Toward the end Of the week an uneasy
feeling that what are called leading inter
ests and insiders have been bulish on the
stock market. only ON account Of the new
financing Of the year and only so Ions
as IL held out promise Of continuing, began
10 make itself manifest Advices from
abroad where We have been negotiating
the sale Of new Fureties have not been
CreditinE these interests which long range
bulISh views.
There has been no let up in the pace
OF producing and marketing, at least tenn
porarily. new issues Of corporate obhgB-
tons and shares. The output OF the week
was fully s100 100000 the bulk Of IL going
10 the account Of February, which brought
the total for the first two months OF the
year 10 an amount SlSh.0OOOD IN eKctess OF
last years offerings IN the corresponding
period.
Insofar as tte weeks stock market re-
Elected the railroad rate decision. Il eX-
nan he mi n
which bull quarters had been extracting
from this decision. Common sense recug-
nizes merit In the contention that the rul-
Ing old a good zeal 10 break the ehqless
chain Of prices OF which SO much has been
heard in the last year.
Much Railroad BundinE.
The large orders for equipment placed
and bids asked for on other contracts, the
contracts for railroad Improvement and
extension awarded by western railroads
and the reports from the mercantile and
manufacturing CenterB are encouraging
for a prosperous season in industrial lines
The ease Of the money market sup
ported the price level Of stocks, although
at declines. This ease was demonstrated
by preparations for the disbursement OF
more than S1OO,OOO.0eO in interest and
dividends this month, without the slight
est fleettng effect on Wall street inter
est rates. The weekly statements Of the
great foreign banks covered the period
OF mOnth-end changes and by some
.
approach Of the spring money market
which usually gives the clue to the finan-
/ Cial character Of the balance Of the year.
hut at the moment there is nothing to
excuse apprehension that the severe
strain which developed in 1910 will re-
appear in the present twelve month
Heavy stock sales.
/ fairly active stock market for Sat
/ urday The sales exceeded those Of this
date year ago, both in number and
value. Total sales were 26b,OS0 shares
| $l,8lO,0OO bonds. year ago 16S,s4(
shares and S1,4O6, 900 in bonds
From the financial markets point of
view the experience Of the last ten days
/ brings TO the foreground two familiar
! principles. One is that whenever the
| entire community has made up it's mind
concluHiVely that nothing can happen to
get things out Of the rut, something in
oonttneutly happens and the other iE that
when such thing has happened, and has
not impressed the imagination OF the
multitude by the hue and cry Of an ex-
cited market, II is almost immediately
| forgotten. The event which promised 90
! be so prolonged topic Of public inter.
6st turns out 10 be not even the trRdi-
| tionab nine days wonder. Three days
exhaust its possibilities Markets have
passed through both sets Of experiences
already in regard TO the railway rate de-
cislons. In the middle Of last week moth
ing was more remote from the Stock
Exchange calculations than a sudden and
violent shock which would test the foun-
dauons of the market il came fl has
] be ' -"
Number Of sales and leading oun-atiou,
on STOCKS were as follows: