Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-12-27
NEW YORK STOCKS ANDBONDS
Market is Almost Bare Of Incident and
Trading is Intensely Dull
ALL HILL ISSUES ARE LOWER
Injunction Proceedings Brought by
State of Minnesota 60 Prevent
New Issue of Great Northern
stock the Cause.

NEW YORK, Dec. B-The financial mar
kets we're almost bare of incident today
aP b trading In stocks vas int intensely 5s ,s du
smaller figure than in many weeks past
The London stock market did not resume
business, as It's holiday extends over until
tomorrow. This deprived the local market
OF an important supply OF business. a part
of the American accounts have not been
settled yet in the half month the adjust
ment going on there. and New York feels
an interest in the termination OF the set
OF England authorities at their regular
meeting tomorrow on the question of chang
Ing the discount rate. Their action Is be-
keeping hands of the London gold hold
ings. Sterling exchange made a further de-
cline Is , today ; and 2 profit was indicated on
New York, but New York bankers still re-
Trained from awaiting themselves Of this
opportunity and the opinion persisted that
the Interior consequences which would flow
from such action made It expedient
early dealings in stocks here. The market
was free from any urgent pressure OF lqui-
dalton and there was sufficient outstanding
short interest to AFFECT prices in a rising dl-
rection The money market also appeared
tranquil during the early hours of the trad
Ing. From per cent the rate ran of to 6
that the rate rose again. The formidable
demands to be met by the money market
s 20 erect h the January settlements und9uot-
tivity. The total Of these requirements runs
from $3.50, 00O0 900 TO $3.50, 0O0, O00 according to
estimates resulting from a canvass by vari-
Gus authorities. II Is not expected that
this drain will be met without furry in
the money market and operators in stocks
apparently prefer to stand aside until the
rehux of these funds to the market begins
TO make itself manifest The presence Of
Secretary Shaw In town had the inevitable
effect OF causing talk of renewed assistance
| for the money market by the Treasury de-
| partment, but this received no official sane
J ton The subtreaRury has commenced to
draw on the cash reserve of the banks
again, the effect Of the treasury relief meas
ures being exhausted. There was a pre-
MUM on New York exchange at Chicago
and return flow of currency from the in
terror is expected to set in soon.
The stocks in which subscription rights to
| new stocks have been given recently were
affected by the suit of the Minnesota state
authorities to enJoin the new issue of Great
! Northern stock. The two Hill stocks
showed depression throughout and their
growing weakness had an increasing sym
| pathetic effect on the whole list. 1t has
been asserted that the hasty methods which
| Followed the Issue Of ST. Paul stock had In
view the avoiding of threatened procedure
or this kind. The early strength showed
principally in those stocks in which recent
sharp declines would have served to build
ing of Amalgamated Copper Induced by the
ADVANCE In the dividend rate on Anaconda
The break In the Hill stocks and the ris,
IN call money weakened the whole market
but there was final rally and a stronl
closing.
Bonds were irregular. Total sales, pa,
value, S,sl6,Oo0. United States bonds wer,
unchanged on call.
The following are the quotations on tn,
fnnlE nhow