The San Francisco call., 1906-11-15
New York stock Marker

NEW YORK Nor. 14-The stock market
made prompt response today 70 the easier
tone of tie cau money market with an ad-
vance IN al departments on dealings which
took On at times. and in certain stocks con
sioersble degree Of animation The revived
slEenflh end activity OF the market was dis
tingulsheo by a renewal OF many dominant
ruuors regarding the properties Of which the
slocAs led Tie movement ne variety and
Inconsistency Of some Of these suggested they
represented surmises on tie part Of the floor
operators 70 account for the transactions On lie
stocks rather than II formed statements. This
leIt the way open 70 3 wide range OF conjectures
ss 70 the identity OF the interests which were
opera ting this large scale Purely Euecu-
lsriTe operations By stock market pools were
suspected IN some cases, while in others brokers
on The toor OF the Stock Exchange pr0fessed
10 see evidence Of operations for the account
- some of the great capitalists. OF gr7uns
who form aggressive and elective leadership
which IS followed with confidence by narr
were Cue largely 70 the identity Of the brokers
employed 70 execute portion Of the large orders
in some of Tie most important stocks and who
sre credited WITH acting frequently for the
called large interests. OF course the business
~ Snrb bl--ees Il r,or ~es+-io+f - - ,-1-io,
ot orders for any single client and the placing
ot orders win them Tor effect on sentiment
n i1s Ie-Se ~ IoiI- - fbe Io1vsssso5 o5 ne
narr OF traders rhar some OF the large con
cenrrarec business IN the stock was for account
guently sc1fTe Ia the market Tie rgTnors which
accompanied The movement have been heard many
times before An early intended offer OF sub
10 provide for the Pacific Coast extension al
rernsred with the passage of control Of the
property o. Southern Pacific Of Southern
Pacific % Sr- Paul the fsForires with the
speculative following. With The coupetion OF the
stock market settlement In Lo1dou without
trouble and with less pressure. IQuida ton on
NeT YORK was expected. evidently left some
bear accounts uncovered and there was con
siderable buying FOR London account here TO-DAY.
Sterling exchange az Paris feu back from yes
terday high point. bur srin ruled high The
reported 70 be On account Of fnstallmeut of
subscriptions 70 the FennsTlFEufH loan issue in
Paris and their reulitrances 10 London evidently
operated 10 satisfy demands o. New York At
Inar point and relieved the tension in the
money market here, although private discounts
rose above The b2nE rate al London. Money on
cal loaned 81 maximum Of per cent compared
with Il per cent yesterday and 20 per cent on
Monday and .tbe rate lad fallen 70 per cent
lle money market was sril going Rates
fpr tine loans we're firmly maintained for the
shorter PERIODS. but many brokers reported aC-
clrlonal funds Offering for six months. loans for
account q Western banks aud resulting easier
tone The excitement in st. Paul spread 70 the
orler Pacincs ano the suppoSitiOn grew on the
roor rl1r St Paul was 70 be brought into the
general operations OF the Hartman c0mbinat ton
Ilf market closed animated and buogant-
Bonds we're firm Total sales, par value.
United States bonds we're unchanged on cali
New York stock List
2 F. Hutton & Co $50 California street
members Of the NeH York Stock Exchange. fur
nish tie following list Of bond and stock sales
yesterday