Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-12-05
NEW YORESTOCES AND BONDS
Market is Iull and inactive wing 10 High
Rate for lall Loans.
WANDERBuTs EMILY NOTABLE ADVANCES
Rise Due 90 Increased Dividends In
MichiEnn Central and Lake shore
Presidents Message Not
Factor In Dealings,

NEW YORK, Dec. 4.-The increased
string nCy OF the money market hau some
effect on stocks tOuay IN spite Of some U
the strong sustaining influence, anu prices
lost ground as the day wore on. Lnere
was marked SHOW Of strength in The early
part Of tue Jay in an extensive hst OF
SPECIAL STOCKS, Dut the traolng IN the usual
active department OF the market was duli
ana the movement narrow.
Inc NInderbilts enjoyed notable advances,
which were sufnUenuy explained D the
announcement shortly after noon OF the
dividend increases on the two subsidiary
stocks Of the New York Central lines
annual dividend was increased per cent
10 per cent, and the Michigan Centia al
semi-annual dividend was / per cent 70
per cent. Other railroads in when the
Vanderbilt interest has been regarded as
dominant moved upwards in sympathy, but
no further dividend announcements were
forthcoming. The material addition thus
affected to the other income OF the New
York Central gave rise to a general CON
NlCuOn maj an increase IN tha' usN.ue ny
was intended. The increase IN other IN
come Of the New York Central which Will
accrue from tOdays increases on the SUD
sldlary stocks Will amount to nearly Ia
Of the New York Central dividend Is de-
ferred until January l. next, the holders
for on November 90 will be entitled to
share In the dividend. Stocks OF other
companies in a similar subsidiary position
were mos. affected in sympathy with the
Vanderbilt rise. For the rest the notable
advances we're amongst stocks Of the OBJ
scure class and usually dormant In the
trading The news OF the day offered no
! explanation OF these movements.
Increasing attention centered on the
money situation. The stringency. instead
Of relaxing as the first Of December re
ceded became aggravated. The ruling
rates for call loans were higher than yes
terday's highest The known movements
/ OF money indicated a sufficient decrease IN
I bank reserves since Saturday, to more than
wipe out the slender surplus shown al that
/ time. The days transfers through the sub
treasury amounted to 81. 5000, Of which
| S150.OOJ was TO San Francisco and $4,000 TO
l New Orleans. The sub-treasury's absorp-
/ ton from the bank since the last bank
scanty amounts were offered on time and
. the demand was eager, especially for funds
/ carrying ever the end Of the year, for
which 10 per cent was paid. For sixty
days, per cent was bid and for ninety
days ~ per cent. Abroad there was a
I rise in the private discount rate in Berlin.
and the Egyptian demand for gold once
more asserted itself In the withdrawal OF
4 81, 5000 from the Bank OF England for that
destination. From Washington came the
| abstract Of condition Of national banks
| throughout the country under the con-
/ trollers call as of November - From
this, it Sgpears that deposits have ex-
I banded So, Sc. SO and loans Of S5s.O61. s1i
: since the preceding call on September !
| The gain I'm cash held by the banks in the
same time was but SS,52774I. Compared with
| November OF last year. deposits have eX-
| panded $500 900 and loans no less thar
/ S49509. 49,. while the increase in cash is
no greater than Sl2 45S,O7S and that with
/ an Increase in the money in circulation
in the country on December /. compare
with year before also given out at Wash
ingtoH today OF sos, sS9. 716. The calling o.
loans by the banks caused increasing
hquda ton and considera BILE declines ant
the closing was but slightly above th'
lowest The readinS Of the president
message in Washington was not factor
Z in the days market.
Bonds were heavy. Tota, sales pal
ICalue. s. $1,000 United States bonds wer'
unchanged on call.
The following was the range of prices OIL
| the New York stock exchange: