Omaha daily bee., 1906-04-17
NEW YORK STOCKS AND BONDS
Expected Outside Demand for Shares Proves
Moderate in Volume
TRADING ACTIVE IN FIRST HOUR
Market Then Becomes staEnaut and
I'm Final Dealings Nearly All
the Early Advance IL
Lost.

NEW YORK. April l6.-The general de-
mand for stocks today, prompted by last
week important developments in the
money market, on the whole proved mod
crate. Trading was active during the first
hour Of the session. but a large portion Of
the days total business was transacted Ia
that time. Neither was there any important
addition to the price advances after that
time and in the final hour they were gem
orally lost. This was something Of a dis
appointment TO the speculative element.
which had counted upon decided revival OF
speculative activity with the definite break
ing Of the stringency in money. The fact
Of the breaking of the stringency was un-
deniable and no further apprehension of inn
mediate scarcity Of money was expressed.
The moderate effect on the market Of this
ong-hoped for condition was the cause of
Wiuely-yaried conjecture
The considerable advance of the latter
part Of last week was regarded as having
discounted the favorable change in the
money situation to some degree. The fact
that London observed the Easter Monday
holiday today left open the question as 10
what effect would be produced. both on the
stock market and on money rates in Lon
don. as the result of the forced with
drawals Of gold from there for New York
account. Unfavorable effect on the London
market would have a reflex effect here in
spite Of the direct benefit to New York of
the gold supply partly secured. English
newspaper comment on the situation gave
evidence Of some apprehension as to the
results in London. Last weeks engage
ments Of gold received additions to the
amount Of $4,000, including an engage
ment made on Saturday, too late to be re-
ported. Today's statement Of sub-treasury
operations with the banks showed a loss
I'm cash by the government institution OF
Sl3,Sl9O0, making total loss thus far FOR
the banking week of $l6,SS6O00. This is due,
of course, to the deposit of government
funds with the banks against engagements
of gold under the plan of the secretary OF
the treasury announced Saturday.
There was an active discussion in bank
ing circles Of the new plan of the United
States treasury measures to stimulate gold
imports. In stock exchange circles the fact
that a new precedent had been set in the
matter caused an undercurrent OF apprehen-
sion that conditions in the money market
had been more serious than commonly sup
posed to prompt such a departure from es-
tablished custom. The decision of the gov
ernors OF the stock exchange in keeping
open the exchange on Good Friday contrary
to custom had something Of the same ef-
feet sentiment.
The show of strength in todays market
was most noticeable In industrials and spe-
The fixing of Thursday for the dividend
meeting Amalgamated Copper induced
active speculation I'm that stock on the eX-
pected result. Forced selling on Butterick
Publishing company broke that STOCK Is
points the decline being attributed TO fear
OF losses by the printers strike. Foreign
exchange was strong, but call money
worked easier during the day. Prices OF
stocks. however. continued to recede from
the early rise and closed easy and generally
steady at net losses.
Bonds were irregular. Total sales, par
value S2OS0,OQ0 United States bonds were
all unchanged on call .-
Quotations on the New York Stock ex-
change were: ~,