Omaha daily bee., 1905-10-31
NEW YORES STOCKS AND BONDS
Values Advance Sharply in Early Dealings
in Sympathy with Foreign &ark'tL
SUDDEN RISE IN RATE FOR CALL LOANS
This stops Buying Movement and
Prices Are Irregular Until Near
the Close, when Another
Rally Ensues.

NEW YORK, oct. 80. Stocks rose
sharply this morning in sympathy with
the improvements in foreign markets, in
duced Dy more hopeful feeling regarding
the prospect of Russian affairs. A brisk
rally in Russian imperial Is was the best
dennite indication OF this feeling. the
price Of wheat in our markets ran of In
accordance with the same influence while
stocks were advancing. The upward shoot
in the quotations for call loans put a stop
to the advance in stocks, and prices after
wards huctuated narrowly and uncertainty
until the strong rally at the last.
The lack of any. engagement Of gold for
export was made something of TO rally
speculative sentiment, although the down
ward movement of exchange away from
the gold export point was quite clearly
due TO the advance in the money market
Time loan money also was nrmer and
principal factor In the furry in call money
was the calling of loans by the bankers
having in charge the recent Japanese loan
Notation. 1t is understood that November
is the period set for turning over the
proceeds Of that loan to the custody OF the
Japanese fiscal agent and that the days
calling of loans was in preparation for
that operation, There we're other large
requirements to be met for the November
settlements, preparation for which also
was responsible no doubt for the disturb
ance in the days money market. Following
| the transfer to Chicago on Saturday to
the sub-treasury of $500, 900 an equal amount
went to the same destination today and
reports were current that the demand from
this source within the next few days will
took 100000 today. The price of gold was
marked up in London and sterling exchange
/ Tell in Berlin and remained stationary in
Paris at the low price of Saturday. The
/ Bank Of England however, was able TO
| secure some large sums of gold arriving
/ in London.
| The money question was thus brought
prominently to the front again and the
J enthusiasm of the opening market was
chilled. A few stocks continued to make
( special movements, due to individual
! causes. American Smelling went to a new
OF comprehensive merger in the metal
industrals and Locomotive showed the
! beneht of the extraordinary demand foT
| It's product. There was no change in the
/ tenor of the weekly reports of railroad
| traffic managers. The cry of car shortages
| officials profess to be making every effort
, to reduce shipments rather than 10 solicit
! freight, and they find freight blockades
! unavoidable with their best efforts. Some
! of the reports of net earnings of railroads
/ for September which made their appear
was much discussion of the probable
showing to be made by the United States
Steel corporation OF it's report of mel
earnings for the September quarter which
VIII be given to the executive committed
OF the corporation at its meeting tomorrow
expectation, but the ocks " the com.
pany were little affected The avoidance
OF postponement of gold exports WIS OF
q vigorous effect on the late market, and
prices were lifted generally to The best
and the closing made strong
Bonds were irregular. Total sales. ral
value, S2l55,0O0 United states bonds were
all unchanged on call.
| The following were the quotations on thu
| New York Stock exchange: