The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-05-22
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tpath=tia cpnfiflrns rlntinuei Z, rils
to-day ap 'i@ Stock fsctpug IN" tt'd.
ina rtaf ffpna ~ lHfes pfufssstunaI sfarou-
lgf1fs wrrs fe,fdrei W. y miHiWuHi and ths
Vail " fr.f HummiHsiun ir1tiesa fefuftsi
that itHIf aiai1Wafs sets thHna slffust
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1niv fmHtrfe1i ~ n ftfr 1trf ~ tt 80
thHNs rho .uHileaf ~ NV hiii iay IN fhr
pess ~ into Much No atme inrffla ~
feaeegf ~. In M fNe srttfs lrrilne dnao
eial mHftsfs and ittitesa rNd unase4di
nesa n npf trfuHi %iarfeasiun rilrd In desl
Nea ~ arrufitea Nv trrttin Paris ahd
iiefin ~ frii " iste WIN w. iipf aehefal
lsNderoy ~ fhn mnfke' during ~" dHr
Fsa N nrfst he rtNfssaed. tresfl a uwef
lrrel n vHhies rfitus 6pehei y nttls
higher than tIry ot,asl ~ Saturday INT
\ sae ayrn obtiuua iiHt iheee waa nrpte
sinrt NV aHle than fhete eete teivefs ~
Nl,aDft n and ui1iati1ra siuwiy f%rce,irti
Hiiriur The murring lrtirs ~ Nhtt vra
iu 'tr mtiu u tvef trvrl flutn Iuti lrrn
rrrn ainre fhg flan IN tho umfkrt wiituinntei
bet fhitsdty Meaningless advnurrs tutl
IN'lInes Nv urioea processing srrningly,
ffam tl~ iuvinE anil aeliing Tor ANAL pruhta
~ Nv" r,nn trading element on thr Aour
~ The Stock Esclanee s,icc,rslrvi csrh
other during Tho feat ~ tho DAY Hnd Raihs
and los-ra IN quotations, wkirh we're In
nearly ai Instances trlhing, were abo,t
equally distributed N the cloas NJ business.
Whatever trading there " ~ IN tho market
was concentrated In . relatively small
number NJ stocks Diatiller Securities
ag...E a.. az ..l.t. ..... A.. a..va.t00a
certainty that tho frap alcohol hill IN Con
gresa would becomc law nj the present
aeasion IN the late afternoon therc was
n sharp bidding M ~ solne ~ the hard coal
stocks. IN thc Cuur.o ~ which III" inactive
Delaware, IaCknwanna and Western shares
touched "a new high rooprd price ~ $40;
and the advance IN this quarter -tiHened
the genera market - little, though In n
barely noticeable way
There were only two developments to-
day to which anything worthy Of tho name
Of Influence IN "a stock market sens" could
be applied. ON" # these, and the one Of
lesser Importance, WINS u very Eighty
tirmer tone 10 the time money market
which assumed the form moro 81 a reduce
tiOn IN the amount of money Offering at
present rates than Of ny advant" IN these
rate, themselves. The idea seemed to
prevail with many lenders Of funds that
the decline in money IA es recently had
gone on very rapidly, and that some little
stiffening Of rates oughtto take place | efore
offerings Of funds should be made more
plentiful. No doubt the transaction of
business without restriction by the San
Francisco banks mot savings tanks) be-
ginning the day after tomorrow will dis
close, after it has been carried on for q
fortnight, whether the institut ions on the
Pacific Coast haze use or not of the large
reserves Of money that nave been trans
ferred to them from the East; and II II is
discovered, as it is universally believed
that it will be, that the banks in California
have more money than they need these
idle funds will necessarily be sent back TO
the Eastern centres. 1t may he that the
momentariiy firmer tendency in time money
that was visible to-day arose from the con-
of our bankers that it was wise for
us to make some effort to attract the West
ern money here, From a speculative point
Of view conditions in the winter wheat
belt were undoubtedly the most potent
considerations in the stock market to-day.
The price of the options for the future
delivery of wheat rose vigorously both in
this city and Chicago. because of more
statements that have hitherto
been made concerning the effect upon the
winter wheat of the continued drought in
the Southwest, which, it seems. was I'M
over Sunday; while 1t was also
said that in the Dakotas and the north
ern portion of the agricultural SEXTON the
crops were suffering from too much rain.
Well informed opinion is to the effect that
up to the present time no serious amount
of damage has resulted from either of these
causes, although it was admitted that tho
in Ohio and in many parts Of the
winter wheat belt had been deficient and
that should no decided increase in the
precipitation of moisture take place there
before harvest time the crops would suffer.
Spectators who are buying grain on ac-
of fears of this sort are naturally
also operating for an advance in the
railway shares; and all this, 80
far as the security market is concerned,
serves only as a r eminder that the season
of crop scares is at hand.
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