Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-09-26
NEW YOUKSTOCkSAND BONDS
karkst is Under Duh Depression for
GrsatH Part Of Day.
SHARP BREAK LATE IN SESSION
Prospect of Tight Money situation
Due to Extraordinary Demands
the Main Feature of
Market.

NEW YORK, Sept 25.-The market was
held under dull depression for the most
part today. but this influence was con-
tested and was not allowed to make much
Roadway In affecting prices until the selling
Of Amalgamated Copper to realize broke
the whole market in sympathy,
Immediate active factors were not an
influence on the market so much as the
belief that the condition of the money
market would Become an active factor in a
below per cent early in the day and condi-
tions in that department of the loan market
offered no sign Of disturbance. Neverthe-
the preparation for the October settle.
ments will involve furry in tho money
market. The requirements then are. I'M
usually heavy and money is undeniably
tight in all departments. The universal
confidence that the secretary of the treas
ury intends to extend aid Is the only assur-
ance felt against a severe pinch. Confidence
has been very strong in Wall street that
the usual recourse to stock market lquida-
to be escaped. But there is no desire to
escape commitments in the market even
amongst those with which this opinion has
prevailed. That there Is an element not
so sure Of exemption from the usual pres
sure was Indicated by the growth of the
selling movement towards the latter part
or the session. The sums to be paid out
next Monday in dividends and interest will
be large. The Union Pacific semi-annual
8 per cent dividend and the Southern Pa
cine ~ per cent dividend alone will call
for nearly sl5,O0o.0oO and the aggregate of
such payments on that date is estimated
at $6O,oo0OO0 or more. In addition, the New
York trust companies will be called upon
to increase their cash holdings on October /
to- the extent of ;10oO0.0Oo There was no
relaxation in the demand making upon New
York bank reserves from interior sources
and an unusual amount of re-discountlng
from interior banks is being offered to New
secured abroad FOR New York fell today 0t to
a meagre $4,000. The stock market settle
ment In London revealed high carrying
charges and discrimination against Ameri-
can securities in that market. In Paris the
private discount rate advanced to within
shade OF the bank rate and the weekly
statement .S Of the Imperial Bank Of Ger,
money market at that center.
The compilation OF the reports of condi-
lions OF the national banks throughout the
out at Washington today, shows clearly
that the imitation OF credits is common TO
legal to on hs dats
1920, as compared with H.A on June IS,
the date Of the preceding report Of the
nearest correspondins date Of last ' year al '"e
Politics came In for some consideration
IN the market by reason OF the sessions OF
made ma special M pd emon sU against The
municipal corporations OF New York on
this score. The dividend Increase on Ana.
expectation But the heavy realizing in n
that stock and in Amalgamated Copper had
bad effect on general speculative senti-
Food news nG IN stock RAJ Is re%ar sH aq
| a speculative favorite of the group of capt
| talists most relied upon to carry through
broke the whole market and led to violent
declines and a weak and active closing.
Bonds were irregular. Total sales. pal
value, s2,ss2,ooo. United States bonds were
unchanged on call.
The following was the range of prices or
the New York Stock exchange;