Omaha daily bee., 1905-12-09
NEW YORK STOCKS AND BONDS
Market Inclined to Be Fsverish Owing to
Honey Conditions
CALL MONEY DROPS TO FIFTEEN PER CENT
Persistent Rumors that Treasury
would Come to Relief Of the
situation Are Not
Realized.

NEW YORK, Dec. s--There was good
deal of excited discussion of the money
market conditions today and the stock mar
ket was inclined to feverishness from time
to time. Nevertheless there was variety
Of vigorous speculative movements and no
serious damage to values was shown even
at the weak points I'm the market
The money situation received the prin-
eipal attention from the side OF possible
relief OF the situation through the adop-
ton Of measures by the Treasury depart
ment. There was a very persistent con-
viction that the secretary of the treasury
was about to deposit government funds
in the National banks or 20 take other
measures which would relieve the strin-
gency Of money in New York. There was
some disappointment apparent upon the
opening of the stock market that no an
nouncement was awaiting the operators
in the market when they came down to
business today. Later It was asserted with
great positiveness that an announcement
would be made in Washington at o'clock
of the action to be taken. After the cabi-
net meeting at Washington, when Secre-
tary Shaw denied that any action had
been taken or was in contemplation. there
was 4 general sign Of disappointment
amongst speculative operators, but this
again passed and prices stiffened up again.
The money market itself was less Sc
verely stringent than yesterdays. II was
supposed that this was due to the influence
of the common expectation that action by
the treasury was to be taken today. The
banks, however, made larger offerings OF
funds at the Stock exchange than yester-
day, although the renewal rate was COM
monty 20 per cent, as compared with an
opening rate Of IS per cent yesterday. BY
midday the rate had fallen considerably
and worked below Is per cent before &C
tive operations were over for the day.
AS Fridays loans carry over until Monday,
s was e Pafss oT 20 ores RS
exchange moved up again and put an end
to talk Of engagements Of gold for import.
The preliminary estimates OF the weeks
4 currency movements gave no promise OF
anything but weak bank statement. The
weeks absorption by the subtreasury OF
ha ottf, NV sf1aaI
movement on balance to the interior on
the regular express movement. The In
dictated cash loss therefore rose over $1,000
900 considerably more than the surplus
existing last Saturday. 1t will be seen
/ that these various factors denote promise
money at the end of the week. however
have undoubtedly turned some interior sup
plies this way and there have been re-
ceipts also from Canada. The rise In ster-
/ ling exchange was regarded as significant.
| Yesterdays news Of supplies of money In
rs oSt the IKE eontro o}
the Bank of England and 1t is not ex-
pected that they will be more than suf-
hcient to cover the weakness of the re-
serves OF that institution which has been
abnormal for the season for some time
past. Exchange at Paris and Berlin also
moved against the London market today,
indicating the continued pressure from
those sources upon London, which will les
sen the probability of that market sur
While the tone of the stock market con-
tinued to show remarkable resistance TO
I the money situation, the volume of deal
ings showed some contraction. The con-
spicuous upward movements also were In
special stocks. Amalgamated Copper was
especially strong, with a further advance
i'm the price of metal, and other indus
trials interested in copper moved in SYM
pathy. The rise in Peoples Gas was due
to reports of an agreement with the mu-
nicipal authorities Tennessee Coal was
under the influence still of the supposed
contest for the control. Paci1es responded
to the strong showing of net earnings for
October. Many stocks touched the high
est of the day in the final hour under
the influence of the Amalgamated Copper
movement and the closing was strong
| Bonds were irregular. Total sales, par
value, $2.945.000 United States bonds were
| all unchanged on call.
| The quotations on the New York Stock
exchange ranged as follows:
| Go lac