Omaha daily bee., 1905-10-17
NEW YORK STOCKSAND BONDS
Karkst is Dormsss and Volume Of BusineE'
is Practically Insignificant
HAsIrUAL OPERATORS BECOME CAUTIOUS
There f. Little Pressure 60 sell on
Account of Calling OF Loans
and Everybody f.
waitlnG.

NEW YORK. Oct 16.-The spirit OF en-
terprise was practically dormant In the
s bTs5ess a 5aes I9asy shd s
operators In stocks find no encouragement
to t3ke part In the market In the face
OF the admonitory attitude OF bankers and
influential capitalists and the cautionary
tone of public comment on the situation.
On the other hand there Is no obvious pres
sure OF stocks in the market seeking
liquidation and professional operators for
this reason refrain from attacks on the
market in attempts to get prices lower.
Today's immediate developments were call
culated to inspire respect for the conserva-
tive attitude maintained by great Inter-
ests toward the market.
There was no furry in the money mar
ket and no active recall OF credits calcu-
lated to force stocks on the market, but
the tendency OF quotations for money was
money centers and no new source OF re-
lief for the money pressure was uncov-
cred. Apprehenslons that the final ar
rangements for the payment OF the Jana
nese loan subscriptions would disturb the
local money market proved unfounded and
apparently the payments on that account
reappearance in the money market. The
foreign exchange market was notably
strong today and this prompted an infer
ence that preparations were already maxi
ing for remittances of the Japanese funds.
The supply Of bills for exchange also comes
from former borrowers of foreign funds,
who calculated upon supply OF exchange
at this time to buy bills at a profit for
repayment of their loans. This course of
events has led TO the definite abandonment
Of the hope of securing any additional
gold for New York in the immediate flu
ture and II is generally believed that no
further supplies are likely TO be secured
for the rest OF the year. 1t Is plain that
the Bank of England has secured definite
control of the London money market, and
London expects an advance in the bank
rate of discount on Thursday. Rates for
money were reported higher in Chicago to-
day, but New York exchange at that point
holds at a small premium. New Orleans,
however is making large acquisitions on
New York, the transfers Of currency to
that point through the subtreasury for
Saturday and today having amounted to
81, 10000 Some small disturbance of bank
ing sentiment was reported in that city
last week. but this heavy demand is at
tributed TO the regular needs of the cot.
ton movement now reaching its flood. The
report OF the closing of a Cleveland bank
ing institution created q bad impression
although II had little effect The inelas-
ITCHY of the market was a conspicuous
feature and the small early declines were
rather more than recovered on the dull
absorption Of the day. The special firm
ness of the coalers was due to the con
sideration of last weeks purchase of the
Coke Bros property. The market closed
firm but seni-staRnant.
Bonds were irregular Total SAILS, par
value, g. 10000 United States bonds were
unchanged on call.
Quotations ranged as follows on the New
York Stock exchange;