The San Francisco call., 1906-09-27
W.. work stock Market.

NEW YORK. Sept. 26.-Priee movements
we're divided hv considerable intervals OF time
in the days stock market and for the most OF
1he dav the current was sluggish and lstless,
with disposition TO cling about last nights
level When there was any show OF mobility
movements We're exceedingly vEcillating ana IN
,.ertain the level of prices showing the same
tendency 10 return TO last nights level At one
time during the day there was a falr average
OF gains scattered through the list. but from
that level prices plunged 70 a general decline
n was difficult TO trace the factors in all these
movements A general air of doubt and Of
wa Tai'i1s neirbborhood OF the Stock Exchsnge
large amount of attention was given 10 the
political party conventions at Bnnaao 40 ana ear
atOgR, and traders IN stocks were nkey 70 De
Influenced in their operations by their inter
probation Of events as making for or against
the growth Of .'SOcialstie tendencies toward
capital'' There was some further special press
ure against the New York public utilities on
slrpposttion that the welfare OF these corpora
lions is especially concerned in the future as II
is being shaped by the political campaign. An
early call money rate OF per cent also proved "a
was supposed that IL marked the beginning OF
the pinch OF the preparations for the October
later developments the call loan rate falling
back before the active money Lending OF the
money market undisturbed, but an appreeiably
easier tone Prevailed Tor time loans ana ao-
There has been some money withheld from the
call market waiting for rise IN the rate 70
a designated figure II Is believed that the
failure OF call loan rates TO advance Aas prompt
ed placing some money thus held in the time
loan market. Yesterday the last day for
nsvment Of subscriptions on half Of the con-
femplated issue OF st. Paul stock calling for
about SIP 000. 900 and the completion of arrange
ments for the payment may have realized some
money! An announcement Of additional
engagement Of 81 800 600 gold for import MISC
helped the money market, as IL was feared that
the dwfndling proportions OF the movement
lately had reached the vanishing point. The
foreign exchange market eased OF TO
tent todsy and discount rates were lower In
the opeR market IN London This leaves the
Open market rate above the official rate of the
bank but there Is less expectation that the
bank win advance its official rate tomorrow.
Money continues 10 move from New York to the
interior especially by the indirect method Of
pa yment Of revenue dues At interior points by
drafts on New York. This helps to account
Tor the large gains by the subtreasury from the
local banks. which amount to $1.1I1, 600 since
the last bank statement. Included IN this is
upward OF 81 600 600 in return OF Government
deposits against gold engaged for import, for
which the banks reimbursed by receipt Of
tho foreign gold. The course OF events IN Cuba
Lad share IN the unsettlement Of the market
huetuations continued up 20 the last. prices
Using 10 the best OF the day in the final hour
and then running OF again with an easy closing.
81 $4,000. United States bonds were unchanged
On call.
New York Stock List.
r T. Hutton & Co. 40 California street
-,enbers of the New York Stock Exchange, fur
Fish the following list Of bond and stock sales
;csterday.