Omaha daily bee., 1906-10-02
NEW YORKSTOCKSAND BONDS
Expected Furry in Call Money Fails t
hatsrialiSa
MARKET is STRONG IN CONSEQUENCE
Values Become quiet After Firmness
In Tone a. EstabiIshed-saIes
of Bonds Unusually
Heavy.

NEW YORK, Oct. l.-wall street braced
itself for me snOck OF a possiDie call
money hurry tousy. Inc braclns was 81
enectuaiiy uone tnat a consluefaDie snow
OF strength resulted when At turned out
that there was not mucn Oh a mouey nurfy
aIler ali. Inc call loan rate went TO )
per cent early IN the gay ana prices
"svered, as IL was feared this might De
lne precursor OF worse to come. But the
amount OF FUNDS attracted by this rate
proved suincient to carry II lower and the
STOCK market promptly stiffened again.
lire strength was rather spOtty and was
SUSPECT o. manipuistlve oIlsla ior sus-
tanning enect on the general list, but the
unobstructed ADVANCE Of a lew Oh lne mVsI
prominent stocks proved ample To reas-
wnen the nrmness OF tone had been es-
tapilshed. WINE the principal require
ments TOR the OCTOBER settlements come
upon the nrst OF the month some of them
are distributed through the month. 1t Ia
usual Tor the strinsency caused by the
turn OF a quarter to endure several days,
owing 10 deiay IN the return OF the FUNDS
distributed to the channels of the money
market. FOR these reasons there remained
a spirit OF caution in extending STOCK
money rates are considered probable the
remaining days of the week. There is con-
siderable Increase in the confidence, how
ever, that effective progress mas been MADE
IN securing resources toward meeting the
heavy demands for harvesting purposes
ened position of the New York banks as
contribute to this feeling. The surplus
vious years at this time Tnere was some
dissatisfaction at first with the wide DIS
tripution OF the government deposit OF
szoOV0,OOO with the banks, but assurance
Is growing that this relief will certainly
save the New York banks from some por-
uon OF the strain that would have fallen
on them otherwise to supply interior de-
manos for currency, even il the funds thus
disseminated are slow In finding their way
back to the central reserve supply In TINS
eminent in the way OF idle surplus also
are counted on for use in relieving any
good ef1ect was produced by the large
proportion of todays arrivals OF south
African COLO in LONDON SECURED ior Rev
ported at 5000 900, compared with N,VoO,OVO
secured for other purposes. A resulting
rise in the price Of gold and IN the open
opposition of the London money market
TO the REIMBURSEMENT of gold. Less appre-
of New YORK Borrowers to secure a re-
newal of the finance bills held In LONDON
and which mature in very large amounts
London bankers reveal willingness to ex-
tend the period Of these credits, and TINS
is believed to play an important part IN
the unimpaired confidence with which the
speculative position In the New YORK STOCK
market Is being maintained. Inc day :
principal movements snow ths e. 'a Pss, and
Southern Pacific merger, buying OF Heao.
ing for control and coming per cent
dividend for Atchison. all still In the form
of rumors and renoninated for new use
for doing service many previous times,
The market closed slightly Irregular, OUT
with strong stocks near the top.
There was a broader market for bonds,
In contrast with its recent narrownese ano
sIuEKishness. September sales Of stocks
were @,300,OO0 shares, an increase OF s'S3
900 over last September, while bonds s sd
In September at par value of N2, $780,
900, were SE,247, 900 less than In last Septem-
- T1No sol y.Ol
oOO United States bonds were unchanged
on call. =.
Following were the sales and range OF
prices on the Stock Exchange;