Omaha daily bee., 1906-09-13
NEW YORK STOCKS AND BONDS
Market IL Firm and Active and Values
Are Generally Higher.
eouLDs AND HARRlMANS LEAD RISE
Recovered Level of Prices Does Not
Lend TO Renewal of Selling
and Money Market
t. Easier.

NEW YORK, Sept 12-Prices Of stocks
recovered In today's market, the movement
gathering force as II progressed During
selling OF the kind that carried prices
downwards yesterday. This was rather
Saturday for the purpose OF sustaining the
market In face of disconcerting bank state
ment and Il was not pursued today to any
absorption manifest In fact from the out
set, The recovery halted at about last
nights level Of prices and there was long
pause which accounted mostly for the fall
ing of in the days average of activity.
The recovered level of prices did not In.
the dullness which interviewed. Operators
for the advance took their cue from this
technical indication OF recoyered streng.h
tons on the long side OF the market. The
easing Of the money situation was more
Hdence was correspondingly re-establisbed.
The call money market showed clearly the
influence of the replenishment OF banking
resources by the import movement OF gold
and per cent was the high rate for the
day. with the exception of temporary
rise to 6tk per cent. Another 100000 In
gold was secured in London for New York.
That center also showed itself somewhat
less disturbed over the heavy demands OF
New York gold which have aroused much
criticism In London financial circles and
have prompted the suggestion voiced IN the
London Times this morning TO aiserlm nisan
collateral. London's calm attitude To-Day
did not preclude the assumption that the
Bank of England would advance its otn-
cial rate tomorrow. 1t is believed IN Lon
don that this action by the bank will have
| the effect Of diverting New fgrk oe-
mand for gold upon Paris and Londen
even had a report that the Bank of Par1s
authorities had determined to release
certain amount of gold to supply the New
York demand Nothing developed mere 70
confirm this report. The time money
market showed a greater effect from the
replenishment OF money supplies, although
loans for the shorter periods still COM
mended premium over the legal rate. A
deposit of Sl,0O0,000 at the sub-treasury tor
transfer to San Francisco was ATTRIBUTED
to the further payment OF hre insurance
! losses, although reports OF an unexplained
run on a savings hank in that city were
rate declines in New York there Is some
movement towards retirement OF creolts
| by banks outside Of New York whicn were
| out to take advantage OF the high money
| rate But this movement was oVerporne
| by the tide OF foreign gold and did no'
hold up the money rate against that lnnu-
| ence An advance in the price OF govern,
ment refunding 2 per cents was regarded
| as significant Of probable coming need by
banks for government bonds to serve as
| security for further relief measures py
| use Of government funds The upward
| movement originated in the Gould ane
Hartman Pacihcs, but the list was pretttSy ~,
| movement The closing was fairly buoy
| ant and active. -, -,
| Bonds were irregular. Total sales, pa
| value 81 100000. United States p registered
advanced " and the coupon rs per ceh'
on call. =, or,oa,
| on the New York Stock exchange:
| ~. " High. Low. Close