Omaha daily bee., 1906-12-22
NEW YORK STOCKS ANDBONDS
Wall Street Market is Free from Disturb-
anos and Generally Easy.
MONEY CONDITIONS. CAUSE HESITATION
Bank Statement Today a. Expected
90 shSvy Decided Improvement and
Heavy Demands Are Imme-
diateIy Ahead.

NEW YORK. Dec u.-The stock market
was free from disturbance caused BY any
heavy withdrawal Of credits In cali loans
TO-DAY. 1nere was no pressure Of forced
liquidation in stocks. Uncovered Dear
traders, with no prospect OF immediate
seiung to enable them to take additional
prufts bought on a moderate scale to cover
their short contracts There was no evil
dence Of a large demand from other
The lessened stringency in the money
market was regarded with some DOUBTS
OF its permanency. The part played IN
stock market liquidation IN bringing II
about was also held in mild. There was
hacking confidence that renewal Of specu-
lative commitments in stocks would leave
the money market exempt from renewal
OF stringency. Indications pointed to
decided Improvement In the showing OF the
banks In tomorrOw's bank statement. Most
Of the cash gain is due to the subtreasury
operations which had been in favor OF
the banks up to Thursday night to me
extent Of s., $500. In addition to this the
interior movement has been in favor OF this
center, but the balance OF the movement
shall be a small one rhe gain in cash
store considerable margin Of surplus IN
] the reserve Of the banks, The actions OF
/ the stock market during the week points
/ to a considerable loan contraction having
/ been effected. In view OF the heavy re
/ quirements confronting the market, Il rs
not believed that the resources IN hand py
the banks will be more than SUFFICIENT 70
/ meet the demands without any compli-
] eating factors. such as a renewed specu-
]
/ notable reCuperation Of reserve also, Dy the
! Bank Of England by the receipt Of over
/ 10000 from Paris and over SJ90VO Sc
| cured in the open market In London. Ad-
I ditional gold Is expected to go from Paris
/ to London this week. London credits IT'S
] New York TO the com pliance Of New YORK
! bankers with the needs Of the London mar
ket 1t IS believed also, that some &C
commodation may have been given for the
I extension Of credits to New York, talllnG
due on the first OF the year. II is to be
remembered also. that the railroad com
panies which are making large new STOCK
Issues are among those having the Largest
number Of foreign stockholders, SubscTip-
ton to new stock by these foreign stock
| holders will stablsh credits for this mar
ket abroad which viii increase the supply
OF exchange.
The DAVIS market offered few features
The prominent place held by st. Paul II
the recovery was not strange, in view o.
the violence Of its fall, preceding. I'M
Hill stocks continued unsettled 20 sons
! extent and were slow to respond to tn
general upward movement. There wa
/ further weakness also, in Reading. IN.
speculation was. on the whole, restrained
| and the volume Of dealings small IN
strong showing OF the Southern PACING an
I nual report seemed to have more euect 81
Union Pacific than on the stock OF IN
subsidiary company. Minor incidents g
. the day were the threatened strike OF rail
. road yard men in the neighborhood Of New
York. and reports Of damage suits agains
. railroads in Texas for delayed trafhc. Iher
was some concessions from the best price
sof the day before the market closed.
I Bonds were steady. Total sales par value
d.5lAO0O. United States new A. advance
Il per cent on call.
| The following are the quotations on IN
/ New York EtnCk eMChanRes