Omaha daily bee., 1906-10-25
NETWORK STOCKSANDBONDS
Market ir Dull and Movement Of Prices is
slurgish.
BANKERS AGAINST ACTIVE SPECULATION
Smaller Professional Traders Have
the Market Practically 20 Them-
uelvea-Great Interest Taken
in London situation.

NEW YORK. Oct 24,-There was a
mRrked contraction in the volume y
transactions at the Stock exchange and
a corresponding sluggishness in the move
ment of prices today. There was gem
eral assumption that bankers and strong
ton at this time and stood prepared to
offer measures to obstruct any efforts 70
stimulate II. This understanding IN ltself
went a long way towards discouraging
any aggressive market operations, so
that active measures to obstruct them
The sse smaller S ssons traders ds had y the
market entirely to themselves and their
moderate transactions had little effeet on
The beginning OF the London settlement
was watched with keen attention owing
to the fears that have been felt that an
overextended account in American securi-
ties would be disclosed there and would
be forced out by last weeks rise In the
Bank Of England rate.
The rates for carrying over holdings
into the next account were stinened. ao-
cording to London reports, rising to bq9
a very active demand for cable transfers
in the New York exchange market IN
connection with the settlement, which
Americans was being largely reduced
London settlements continue until FRI
Day which is pay day, and , the wastlniS Il,
based on the desire to see the outcome.
There was some selling Of stocks here
DEVELOPMENT In the money and exchange
markets were rather mixed. Money on Cali
was easier here again. There was more
confidence In the effectiveness or the
treasury measure for stimulating the
bank note Issues in relieving the money
market. The subtreasnry account shows
| a considerable withdrawal from the banks
since the last bank statement, but this
| is on account Of the return OF gold rec
] cefved from abroad, which had been az
| vanced to the banks while in transit
| Transfer was made to New Orleans
I through the subtreasurg Of 100000 AMI AMI
! New York exchange fell 70 8b cents disc
! count at Chicago again On the other
! hand Sl5,OOOO00 in gold was received
! from Canada probably the return of part
Of the amount sent 60 meet the banking
| emergency in Toronto and thus marking
| the subsiding of the crisis there The
/ Bank of England raised its bid Tor gold
market, and with the withdrawal OF
! 81, zoo 900 for shipment to Constantinople
| secured the continuance Of net outgo OF
| bullion from the banks reserve in spite
| of it's low level and the drastic measure
| of last week to stop the drain. Discounts
! hardened In London and there, was q
/ sharp drop In sterling exchange az Paris
| aside from q subsistence OF pressure efof
I remittance to London. Foreign exchange
here continued to work higher Occasional
/ with selling and the undertone OF the dul
! market was heavy. The western storm
and reports Of demands on the railroads
by swftchmen we're of some emect on the
depression. The announcement OF the IN
crease in the Norfolk & Western DIVIDEND
was taken advantage of to sell the gen.
eral list and the closing was weak bu'
| still DUH
Bonds were irregular; Total sales, pa
value, 81 ,664.000 United states ponos
were unchanged on call.
Quotations on the New York Stock eXl
change today we're as follows: