Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-09-27
new YORK STOCKS AND BONDS
Little Speculative Activity Owing 10 Re
straint Of Money Situation.
PRICE MOVEMENT is INSIGNIFICANT
Interior Demand for Funds is RE-
ported TO Rave set In Again
with Increased
Force.

NEW YORK, Sept B.-There was very
little speculative activity in the stock mar
ket today. owing 20 the restraint Of the
money situation. The trading was lethargio
at times and the price movement was In
significant Stocks in which the movement
was OF any consequence were of the less
ers refrained from The active calling Of
loans. such as induced the liquidation of
yesterday. and holders Of stocks were re-
lieved from the necessity of marketing
their holdings. But in spite Of the freedom
from pressure on this account there was
little disposition 70 undertake new ven
money prospects. Borrowing Of money to
buy stocks which are TO figure as collateral
at a time when a poor demand in the mar
ket is liable to meet the forced sale Of the
collateral when the loan is recalled. II is
estimated that the dividends and interest
payable In October will call for between
81, 100000 and S72OOOOO0. These requirements
S1nds toi to,o closely upon any release 81
weeks syndicate transactions. with the
final installment Of the japanese loan sub
scription In the background OF next month.
Meantime the Interior demand for funds
was reported to have set in again with in
creased force, and the same is true OF the
Today's subtreasury statement shows a
withdrawal from the banks since the last
bank statement OF $3,Oi7 900, compared with
gain by the banks for the same period
last week OF 1890 Foreign exchange here
was decidedly strong and moved away from
ened in IoRdonp G and Berlin The private
rate OF discount in London is again above
the bank rate, this indicating the expecta-
ton that the bank will advance its rate on
Thursday. But the same condition ruled
last week at this time, when the decision
tain the existing rate The likelihood seems
stronger, however, that the bank rate VIII
be advanced this week
The news OF the day otherwise was not
important and the few stocks affected were
under the influence of individual causes.
counted for by an advance in the price OF
the metal and the increased Anaconda divi-
dend. There was a special movement In
traction stocks, led by Brooklyn Transit,
which was shared by Chicago Union Trac-
ton. Chicago Subway on the curb dropped
yesterday. Reports of large purchases of
iron abroad for American interests was
taken to account for the firmness In the
iron and steel stocks. The favorable weekly
crop bulletin did not attract much atten-
ton, as the facts II contained were gen
payment of the final installment of 35O,OOO,OOC
| by Saturday on subscriptions to the Penn
| sylvania convertible bonds 1t Is important
| TO consider that $50,00000 Of the ~ per
| cent collateral betterment notes OF the
| Pennsylvania, guaranteed by the Pennsyl-
vania railroad, fall due on october / or
| that date being Sunday, on October z next
Monday. These two operations Will nave az
offsetting effect in the money market tha'
/ can hardly be expected to obviate entirely
the necessity for considerable shilln 1s., o.
| loans. The days net changes were lnSlg'
nificant and the closing tone was irregular
| Bonds were FRI egular. Total sales, pal
! value, $4,000. United States bonds were
ell unchanged on call
| The following were the quotations on tins
1 a1.aw