Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-11-14
NEW YORKSTOCKS AND BONDS
Movement Toward Recovery in Prices
Makes Further Substantial ProGrssS.
MONEY MARKET BECOMES EASIER
Fewer Loans Are Called, Outside
Funds Are Attracted By High
Rates and Situation Abroad
Improves.

NEW YORK. Nov. I3.-The movement
towards recovery in prices Of stocks which
was distinctly Initiated In the later dealings
IL yesterday made further substantial prog
ress today. The demand was not large
and conspicuous movements were restricted
to a few stocks which have been favorites
covered shorts was another factor IN the
recovery. The light demand was made ef-
fective through the falling or in the pres
sure to sell which was In evidence yester-
day by reason Of the withdrawal OF credits
from speculative holders on margin. There
was much less calling OF loans today and
tiuns. II was assumed that this was due
partly 20 the return to the money market
Of the amount paid In yesterday Ia sub
scriptions to new ST. Paul stock, which
called for some Sl2,000O00.
The stock market settlement in London
Their urgent pressure on New York for
retirement OF stock held In that market
This afforded a sense Of relief, although
the actual pay day for the settlement 10
fixed for tomorrow. Money and discounts
were firmly held in London, but develop
relief OF the tension in that market. For
eign financial opinion has been freely ex-
pressed that relief measures were called
o Se ' psr En psSeS 'a bS New Yors rev.
uulrements IN the present uEhtness Of
money. The reiterated refussle of the sec
rotary of the treasury to adopt any imme-
diate measures, which were repeated today,
were calculated TO dlsappOlnt expectations
OF relief by this means which were expected
TO ease foreign money markets as well as
our own The appearance OF the secretary
in Wall street today gave new circulation
OF rumors OF his intention 70 adopt relief
measures. These rumors had their part in
the early strength Of the stock market
By the time they were denied the market
had the more substantial basis OF an easier
tone In the money market without the help
Of treasury measures.
There was some disposition TO infer that
efforts had been made to eXaggerate the
money stringency Of yesterday In order to
STABILITY of relief and that today's relaxa-
ton might be due to the abandonment or
these efforts. The course of the money
market seems suflclently explained by the
lack Of pressure on account OF the LONDON
settlement, the temperance OF st. Paul
stocks subscription and in the money mar
ket lending of money for out Of town banks
attracted by the high money rates and a
subsistence Of the movement OF currency to
the interior.
Reports OF settlements Of wage disputes
on some of the railroads was help to the
market Some sentimental effect was pro
duced by the reports of agreement at
Washington on a plan amongst the adj
hank note issues. The special strength OF
st. Paul found no explanation In any news
hey und dividend rumors OF rights OF sub
scrfption to further stock issues The open
ing money rate at IA per cent proved to be
the highest of the day. With the decline
| in the rate stocks advanced gradually, but
quite steadily. Profit taking caused some
reaction, and while the closing was gen
orally below the best prices, the tone was
/ firm.
value, 81, $780, 900 United States bonds were
unchanged on call.
The following was the range Of prices on
| the New York Stock exchange: