The San Francisco call., 1906-10-03
Few York STOCK Market.

%ET YORK oct The stock market did
not :rnaintain the brave show OF strength with
conditions were In favor Of the market This
.p'aS .ilaItiCulsrly true Of the money market.
t2z time loans and for call loans. The premium
.a4 u74e. iotns Tor over ninety days has prae-
. tse1lis DISAPPEARED. In The call loan depart
l.eli c'en yes tercays moderate stiffness meas
.RleQ Vs. TIE early per cent rare, was con
LFasted with - restriction within tite per cent
limit. for early transactions today. Forebodings
-iif- Tyossi bay deferred eject OF the heavy Oc-
s,e- st-iillt .aehts were mus aisproFtc, ne
8 lheQsl lQls ol ilese requirements was indicated
.Hl- J4ie enormous clearing Rouse exchanges be-
tween Tte baa1s today, the total rising TO S5sS.
.ti7ts5z, compared viii record day clear
1875 ef anu4Iy Of this year Of $Os6. .S54. $40.
Cn % > TWO other occasions and that during
Z tire great 5inancial operations in the railroad
) g.os-G (which pte -pitated tie panic Of 1901. have
ls+las.s exchanges at the Clearinghouse ever
Zoe i- exceeded TIE skEl with which vester-
cay S. Eeesf operations were arranged IS indi-
. csEee- lg .tpe small excess over the average in
IKE Gal ) cash balances. which amounted 10 but
S-9i.s3N-I56 This evidence OF the important
Hork already Effected and the escape Of the
1lodey IN .Izet IRON. serious consequences in do
tsNes il. Aew York amounted 10 $50 000Oo0 and
eal.t: repayments OF temporary Indebtedness OF
tle CITY l. looked for as consequence. The
sTeeSls Statement Of the Imperial Bank Of Ger
2tny ieaecued the strain Of the October set
Sleuenis on that market also With decline
10 .cssn. holdings Of upward of S42, 0O0. coo.
Increase. OF loans Of S6S 100000 and an expan-
:slol .sn tEe outstanding note issues Of the
7rauk II $50 600 Bur these figures also rep
resented work already accomplished snd the
private .rate of discount receded in Berlin to-
QaEs. IN 3ondOn. however. il advanced. and
the expectation became more general that the
bank -late wiz be advanced Thursday prob
au!E run ! per cent 10 . per cent 10 put a
theck':to The outgo Of gold This was in reality
Tie only fea ture in the situation on the money
ln2E8es SIDE % account for the hesitating tone
OF TIE stock market. The easier tone IN the
money market IS attributed 10 some extent 10
Tle release. 10 the market Of funds which have
zleeen Withheld. waiting for a rise in the call
soan rate
The snal promise today Of a high rate for
COS i. loans prompted the placing OF some of
these sunls of money in the time loan market
81 a5lpreciable eject IN easing its tone. The
SF3Fsrlnlent- report on the condition Of cotton
1yEf u0t considered favorable. the more so as
:tae' elects of last weeks tropical storm and
damage TO the crop came after the period Of
the estimates On which the Government report
vas made up. But the cotton-carrying rail
roads were among the strong features Of the
day Expectation OF an announcement Of an
ore deal during the day played large part
IN TIE speculation. the United States Steel
stocks hardening and tie Hill stocks moving r.
Regularly Tie reactionsry tendency grew on
closing weak AT the lowest
:. Bonds were irregular. Total sales par value
$50 5000.
=. United. states bonds were unchanged on call
New York Stock List.
: = E. Z. Hutton & Co. 4e0 California street
faeanbefs- 81 the New York Stock Exchange fur
qisi- The following list Of bond and stock sales
yesterdsy-