Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-09-28
NEW YORKSTOCKSAND BONDS
Market /, Irregular, with Wide Fluotus-
tions in Certain Issues.
sIcRn DAMAGE RUGoRs STARR DECLINE
Rally Near the Close H. Due 60
Covering OF short Contracts by
Bears : Call Money
Rate Firm.

NEW YORK, Sept 27.-The currents Of
the stock market shifted as constantly to-
ment seemed to undergo the same vaclla-
tons during the day. There was an APP
sTEe bowe%sr ana me ,ns were
much wider than yesterday. The effective
efforts on the side Of higher prices prac-
the alarmist rumors regarding the extent
Of the harm done by the storm in the
southern states, although there was a tenn
porary recovery after II was learned how
far the early rumors were exaggerated
As these rumors pointed to the annihila-
a repetition OF the San Francisco calamity,
the effect on prices Of stocks was natural
when the results following the San Fran-
more sober consideration of the news from
the south detracted from its sensational fea-
lures. but provided some grounds for misglv-
ings over the effect on the cotton crop. Re-
ports OF Withholding of spot cotton from
southern markets pending further details OF
the damage DONE Indicated a disposition to
pause and take stock OF the situation be-
fore taking definite steps.
The advance in prices which was inter
in sympathy with the whipping up OF
Reading in manner that has become
ai is effeet on N se gene speculative
! sentiment. There was some subsistence of
political discussion with the adjournment
late in the day The late bear drive. against
the market was accompanied with many
professions OF anxiety over the possible
OF an active campaign waged along. the
lines indicated by the political outlook.
Fears. of a pinch in the money market also
market Great diligence is exercised in
studying up details of requirements TO be
that has escaped general attention Is OF
Influence In aggravating fears OF string
Ths s ar Nsw Yer ns ssf PssE %a:
one such item brought forward today. The
largest requirements to be met, which are
porary effect and OF kind to find their
| way back at an early day into the channels
Of the money markets. 1t is pointed out
loans occur during October. especially in
the form of finance bills, placed with for
signsTs ana ID the open DISCRIMINATION 1aIs Lately
American borrowers raised the possibility
Of difficulties to be met in renewing these
OF further gold engagements current to-
day. but no actual engagement was an
nouneed until after sco 81, the stock market
dueed By the Bank Sf Of England a%tsorIties
o but sSs Weekly II o Ss
showed a condition materially weakened.
both by loss of bullion and increase OF
bGity falling from 4S,5s per cent, last week,
TO 42.S3 per cent this week The Bank Of
France also showed a loss Of g SSS 900 in
standing loans. The sterling exchange
rate at Paris declined in consonance with
this showing. The tone of the call money
market was hard, but showed no disturb
ance The considerable rally at the last
was due TO, covering OF short contracts by
the bears and was evidence OF the profess
sional character Of much OF the selling.
Bonds were irregular. Total sales, par
vaule. H,77ss0oo. United States bonds were
unchanged on cali. -aa .a-- va
The following was the range OF prices on
the New York Stock exchange:
Qata IrtSA v<xv Cl0na