Omaha daily bee., 1906-10-26
NEWYGsK STOCKSANDBOyDS
Market Expands Slightly, but Frioe Move
ment is impossible,
BhSKtRs fRowNlnu ON SPECULATION
Rise IL Met with Large OHerinEs and
Drive with supDprtinE Orders
Financial situation
Abroad.

NEW YORK, Oct. 95.--It would be diff
hcult to extract a meaning from the &C
uon Of todays stock marAet beyond the
negative inference Of the determined an-
stention OF ali operators OF any Importance.
Inc total sales tor the Gay EXPANDED
slightly over those Of yesterday, but the
For most of the day the market had
more stagnant appearance than Tor a long
time past.
The guinness was partly attributable to
the uiN erstanding that banking interests
frowneu upon the idea OF any present
speculative activity, such ehorts as are
MADE by traders TO initiate a price move
ment In the present market bringing TO
hight practical measures to hold the mar
ket In ITS suspended state. rise in
prices brings out stocks in sufficient volume
to check It, while a drive against prices
VIII meet support In the shape OF puylne
orders. The political campaign Is con-
ceded to have some influence still In re-
pressing the speculation and In suspending
financial plans which we're supposed 10
be working out and were relied upon to
stimulate a speculation. Some additional
attention was given today TO reports OF
friction with wOrkmen of various cia IS
on some OF the important railroads sys-
TENS, both west and east. Denials were
Onered on behalf Of some Of the railroads
auected that any serious consequences
were expected from the demands being
made, but reports by telegraph or M
| tended demands persisted Inc increasing
shortage of freight cars was said to be
reaching stage where some industries
! found themselves short OF supplies IN
consequence ana some OIL the IdllINduH
were reported to be refusing grain ottered
for transportation.
The progress OF the London settlement
was watched with much interest. Money
loaned at higher rates in London TO-DAY.
| Tomorrow Is the date for the payments
on the stock market settlement and hnal
difficulties would be disclosed at that tiiE b.
A process of heavy transfers Of stocks
carried from the London market TO the
New York market is taken for granted
| from the cheaper interest rates now ruhng
| here, All three Of the great central banks
! Of Europe made returns OF conditions To-
| day. The Imperial Bank OF Germany
showed substantial recuperation and dis
counts receded in Berlin. The Bank Of
I England showed a further shrinkage IN
| it's proportion of reserve to liability In
| spite of the per cent bank rate ruling
since the last statement. The items IN
/ the Bank Of France statement showed
/ unimportant changes and that institution
refrained from advancing It's discount rate
| as was feared yesterday II would do. Inc
price Of sterling exchange also rec9veIe9
| that the Bank of France is PROTECTING
! its stock of gold by meeting demands Tor
! bullion with payments OF silver as ~ ls
| privileged to do Its continued dtsinclina
| ton to take upon itself the demands made
! upon the Bank Of England Is thus to be
! inferred. Call money was again easier
| in this market, Notwithstanding further
| remlttances from here to London and "a
| the south for cotton moving purposes
| Chicago exchange receded further 20 q
! cents discount yesterday and 20 cents
| discount earlier in the week. The govern
ments report on cotton gtnned was re
garded as satisfactory, but made no I'M
| offered at the last and the closing wa
| easy.
Bonds were irregular Total sales, pal
value, 81, $4,000. United States bonds were
Quotations on the New York Stock eK
change today were as follows; a.