The San Francisco call., 1906-04-17
New York stock ,Iarket.

NEW YORK. april 16-The general de-
naand fcr stocks today promised by last weeks
Important developments IN the money market
On the whole proved moderate. Trading was
nctiFe during The nrst hour OF the Stock EX
change session. but a large proportion OF the
-A4 lc-aA business vas transacted IN that
rime- Neither was there any important addi-
tion 70 the prize advances after that time and
-l Le ma Aolr lte1 were genera4ly 4ost.
This Wss something of dissppointment 70 the
HDeeul2tlSe element which had counted upon
z oecl0ed revival Of speculative activity with
Ihe ceh5ite breaking Of the srringency IN
money The fact o. the breaking Of the srrin-
Eelcy was un1erlehle and 10 further appre-
heusion of immediate scarcity Of money was
heard expressed The moderate effect on the
stock ma llzet OF this long-hope6-for condition
vas The cause OF widely varied c6ajecJures.
The considerable advance OF the latter part q
last week was regarded a having discounted
70 some degree. The fact hat London OBJ
served the Easter Nondsy holiday today LETT
q open the question as 20 what eject would be
rrQQuceQ both II the STOCK market and on
Ilg-Fy rates IN London the result OF the
forced Withdrawals q gold from there Tor
rev. 1QTh account an unLaf foraDie eILecl oii
the LONDON money market might have q reflex
effect here IN spite of the direct benefit 70
NeN 1crh q lhe soid suRp-g secured Eng
lsh newspaper comment on the situation gave
evidence Of some apprehension as 70 the re
SUITS THIS weeks engagements CT gold re
ceived amount 70 ss.100.OC0. including an
engagement made on Saturday TOO late 20 he
reported Today's statement Of the Sub-Tress-
Ury operations with The banks showed a loss
fr cash by the Government institution OF Sl3,-
slaGo0 making total loss thus Tar Tor the
course % the deposit Of Government funds
win the banks against engagements Of gold
under the plan OF the Secrsrary OF the Treas
ury. announced Saturday. This gain by the
hanks viii figure IN next Saturdays bank
statement Under the SecTetsrys plan. how
ever the hanks receiving these sums VIII
cover them back into the sub Treasury on the
arrival of the gold. The strength OF the sat
urtey bank Statement Is thus seen 10 have
e been achieved without the operation Of the
new plan FOR facilitating gold imports Quo
tsuons pn New York exchange at interior
points today indicated that the flow OF cur
reucy "a this center which set IN last week
Vas stiu in force There was very active dis
C1sEi0r- IN banking circles OF the new plan Of
the United states Treasury measures 20 stiuu-
late gold imports. u Stock Exchange circles
the fact that e new precedent had been set
fn the matter Is causing an undercurrent OF
spUre rsion that conditions IN the money
market had been more serious than commonly
supposed 70 prompt such departure from es-
rzhiistef custom The decisions OF the gov
ernors of the stock Exchange n keeping open
the exchange Cn Good Friday, contrary 70 Gus
tom. had something Of the same effect on sen
timeut. The show Of strength in todays mar
kef was most noticeable In 1ncustrials and
sJ,ecialties especially In those not first grade
The fixing of Thursday for the dividend meet
ing On ArnslEznated Copper induced active
speculation IN that stock on the expected rise
Forced selling of Butterick Publishing Com
psny broke that stock IS points. the declile
- being attributed 10 losses sustained because Of
the printers strike. Foreign exchange was
the Gay. Prices OF stocks, however. continues j
l. recede from the early rise and closed easy
and generally AZ net Losses
Bonds were irregular Total sales. par
United states bonds we're al unchanged on
call.
New York stock List.
l. r. HUttcn & Co. 80 California street.
Stock Exchange furnish the following official
Quotations cf that Exchange: