Omaha daily bee., 1905-09-20
NEW YORK STOCKS AND BONDS
Improvement in Money Market Does Not
Bring Expected Firmnsu in Stocks
VALUES ARE WEAK AID GENERALLY LowEF
Heavy Selling in Foreign BOurses
on Account of Morocco Sit
uation n Contributing
Cause.

NEW YORK, Sept. ls.-lt mas been as
sumed for some time past tnat anxiety
over the money outlook was the sole re-
straining influence against speculative ad-
yances IN stocks, the general brightness
Of the industrial situation serving TO cause
a cnahng against this restraint on the
classes. Immediate Developments in the
money market were distinctly towards TO
taxation OF tension, but this did not pre-
vent weakness in stocks, the tendency OF
prices being towards the lower level from
the outset
after last weeks considerable advance,
which, moreover, was made in face OF
admonitory pleading, on the part OF a
large element in Wall street, might be held
accountable for the reaction In itself. SUI
fcient profits had accrued from the rise
OF any strengthening influence which would
help the market to absorb the sales But
there were besides, some factors Of pos
itive nature against the market. on the
side OF the money situation the most dis
cussed development was the expression OF
opinion on the part Of the Bank OF France
and OF Paris bankers contained in cable
TO the Associated Press last night on the
prospects OF gold movement to New
81 10000 Of gold for shipment 70 New YORK,
also contained in the Paris dispatch, was
confirmed in New York. II became known
that 100000 additional in gold had been
secured yesterday afternoon. The with
drawals up to this time are all from the
London market AS a consequence fur
tner advance IN the BANK OF England rate
is expected this week in order to divert
New Norks demand from London to Paris.
This prospect unsettled the London mar
ket
The renewal Of the crisis regarding af-
fairs in Morocco was another disturbing
influence in foreign markets The heavy
volume OF selling for foreign account In
the stock market here was the immediate
consequence, and this played no small part
in the weak tone of the market, with
the course Of prices downward once es-
tablished attention was once more given
4 to unfavorable factors. The possibility OF
mischief growing out Of the contest for
control Of the wabash was much discussed
The depression among the Southwesterns
ment to the hopes Of an early dividend
| disbursements on the Missouri, Kansas q
| Texas preferred shares contained in the
annual report of the president. Railroad
| compare with the heavy st. Louis expo
| sition earnings of last year making the
| contrast unfavorable.
The weekly crop bulletin of the weather
/ bureau also reported some damage to the
| corn crop. Besides the benefit Of addi
| tional gold engagements, the local money
/ by the subtreasury, the operations OF
/ which have converted the loss of last weeh
! by the banks into a small gain. Pension
payments and purchase Of foreign ex
! the special Items of the increased govern
! ment expenditure. That institution alsC
! paid out several hundred thousand dollari
| TO-DAY on transfer from San Francisco
| While the conditions of the money marke
were frightened in this way, opinion TO-
wards the prospect for the next few
| weeks continues decidedly conservative
! The average rate for call loans was rathe
! higher than yesterday.
Bonds were heavy Total sales, pa
| value, S3 10000 United States bonds wer,
ali unchanged on call.
| The following were the quotations on tht
New York Stock exchange!