Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-10-07
STOCKSLND BONDS
Speculative Interests Wait on Develop
msnts Of Money Situation.
RATE FOR CALL LOANS REMAINS HIGH
Prospects of a weak bank Statement
for To-day Causes Hesitation
and IrreEuIarity I'm
Trading.

NEW YORK. Oct 6.-speculative interest
pretty well died out of the market today
and the determination seemed to be reached
to await more definite outcome Of the
money situation. The rate for call loans
did not rise TO the high level of yesterday.
but the average rate at which call money
was placed was above that of yesterday.
Some OF the trust companies were reported
TO be calling loans and this gave the i'm
preston that these institutions had about
reached the limit Of their ability TO relieve
borrowers from the banks by transfer OF
loans. process which has gone on steadily
and with the depletion OF bank reserve still
uninterrupted, an actual contraction Of
credits would be indicated for the imme-
date future, rather than the shifting about
Of accommodations to enable the bank to
preserve the semblance of a surplus which
bility Of weak bank return tomorrow also
came in for consideration. There is the
chance that the readjustment of the incon-
gruities presented IN last weeks bank state
suits of last weeks banking operations into
this weeks statement This may affect the
showing Of loan items, which the calling of
loans during the week would naturally tend
TO reduce. The subtreasury has taken from
the banks thus far this week only 81, $500,
as compared with nearly s., 900, 900 last week.
But estimates by bankers of the regular
movement Of currency to and from the in
terror indicates SUFFICIENT balance of the
movement against this center to bring again
a cash loss for the banks to S6.000.O0O or
*TWOOOO. Foreign money markets were
bomeWnat disturbed also by the money posi-
ton, Paris selling investment. securities in
London and London selling here. There
was a slight reaction in the discount rate
at Berlin, but the rate advanced In London
70 within a shade of the bank rate and
there was an upward reaction from the re-
cent downward course of sterling exchange
In Paris. 1t could not be learned that any
part of the days large arrivals of gold in
London had been secured from New York
but report was circulated here that yes
terday's withdrawal OF 81 10000 from the
Bank
York and not for London as was reported
yesterday. limitations from washington
that plans were taking form for an issue
of Panama canal bonds took their place
with other subjects bearing on future re
| quirements upon the money market. News
of the day otherwise was of not much in.
terest and was scarcely OF any effect
Reports of railway earnings for August
| including those of the Hartman Pacifici
and st. Paul. were notable for the large
| portion of the increase in gross earnings
which was absorbed by increased operating
expenses, which In the case of 81. Paul wal
SUFFICIENT to leave only a nominal increast
| in the net earnings. The rate for sterlinJ
! exchange went lower here in response 4
the stin money market. Exports OF whea
| for the week showed a decline Of 992, -
| bushels from those of last week. thus ex
planning the scarcity of grain bills in tn
| exchange market The early downwar,
| movement OF stocks was generally recov
| cred before the end of the day on a dull
| buying movement. The closing tone wa
! irregular
Bonds were irregular. Total sales, pa
| value, s2OS0.000 United States bonds ver
all unchanged on call.
| The following were the quotations on tn
| New York Stock exchange.