Omaha daily bee., 1905-09-26
NEW YORK STOCKS AND BONDS
Speculative Liquidation oErnH Prices to .
Comparatively Lever Level
DUE TO CONTRACTION or MONEY SUPPLY
Heavy Credit Requirements for Week
Cause . General Calling on of
Loans-CIone Irregular and
Lowest of the nay.

NEW YORK. Sept. B.-speoulAtivs nqui-
cation today overbore the resistance offered
by the stock market through all of last
week and carried prices Complementary to
a lower level The contraction of the
money supply was the impelling cause
liquidation at times showed signs OF
urgency. The days immediate factors in
the money market have been heralded for
operations to advance prices.
The temper Of the stock market for
influence and pay attention to nothing but
the actual recall OF credits In which stock
call was in force on a large scale today
by the banks, The conditions of the banks
as they stood in the showing Of the Satur
requirements to be met this week are
abundant explanation for the course of
the banks in contracting loans, without
on their cash reserves which was set UP
again with the opening Of the week. Be-
ments are to be made Of an installment of
subscription OF Atchison convertible bonds,
ment Of subscriptions to Pennsylvania con-
vertible bonds which calls for $50, 900, 600
except as modified by payments in fun
already made AS the month closes with
the week, provision must also be made
for the quarterly settlements, the require
year. The calling Of loans was allowed
\ by preparation for the accommodation Of
! these needs. At one time the benefit Sc
| treasury payments has been reversed by
| the completion of the mid-month pension
payments. Todays subtTeasury statement
/ shows a loss already by the banks Of
! 1899 COG and the government institution
/ had a large credit balance at the clearing
/ house this morning. In addition $500 900
| was deposited at the sub-treasury TO be
transferred by telegraph to st. Louis. The
assertions circulated on Saturday that S.
! 100000 was already on the way to San
Francisco in Australian gold found no con-
/ ftrmation, although conditions pointed to
! the possibility Of such a movement. Asser-
| tons of additional gold purchased today
/ in London for New York was verified only
after the market closed by the announce
! ment of about 81, 500 600 secured Foreign
| and the price of gold was marked UP in
| London.
| News of general affairs continued favor
! able, but the uniformity of recent reports
Of increasing traffic was varied this week
! by damage caused by the floods in the
southwest. The recent annual report of the
! Atchison and the heavy losses for the year
! there shown from the damage by flood,
! forced the influence Of the news. The fail
ure of the St. Paul stockholders to take
action towards issuing new stock, caused
disappointment on the part Of a party OF
spepulators who have counted very conf
IDENTIFY on such action. The announcement
of the closing of a bank of Kansas City
was OF some sentimental influence but
II was understood that there was no prob
came very dull at times but 1t was only in
\ the pauses Of liquidation and when the
market was active, prices declined. The
I closing irregular but near the lowest.
50 ,466OO0. United States bonds were all I'm.
changed on call.
The following was the range of prices
on the New York Stock exchange: