The evening world., 1906-04-09
M4LLSZRHT


MONDAY. Ap-n a
Money continued 10 lee the domnan'
factor IN the stock matket to-day T1e
rate for call loias opened ~ = pc-
cent. at which Aslfc quite d large
amount was offered After thc fra'
hour. the rate shaded on GOT awalic. IL
IS asserted by wcl-infefmed nnaneiers
tnnr the g ncct of the hie rates aor
call money Is m.nimized by tne tnc.
that Wall Street brokerage houses are
carrying more time money than ever
before. Estimates have been made
that ceveral OF the most active huu
now have between 60 and 20 per cent
OF their requirements lu-tlme i1ndss
There are hopeful ones In Wall street
who expect that the monetary situation
viii be relieved very soon one ray OF
hope came this forenoon in The form
OF a cablegram from London nnnoune-
Ing that $4,000 In South African gold
had been purchased 80 that market Tor
shipment to the United States Paris
IS understood to be q competitor OF
American houses in bidding for soitn
African gold.
while the stock markc; traders have
been complaining thar they colld NOT
get money enough Tor their needs. IN
Vulnerable small banks throughout the
country have drawn on New York FOR
cash up 10 thor limit OF credit Tor the
purpose OF strengthening their own re-
serve The Comptroller Of the Cur
rency has issued Il call FOR statements
OF tho condition OF the National banks
III aL.m. $500
ments have been filed it is probable
that much Of ;he cash Withdrawn from
New York banks by the Interior banks
VIII be redeposlted here. There was a
growing sentiment IN the Stock Ex-
change to-day that money will be very
much easier by the end o. this week.
The general strength OF the stock
market indicates that the powerful in
rerests which control mos; Z thc active
stocks are not frightened by the UNI
favorable monetary conditions INC are
not disposed to sacrifice their stocks.
The aggressive activity OF Pennsyi-
vaala shares shows that the big opera
tors have not yot exhausted their re-
sources. Both Pennsylvania and Van
d,erbllt interests appeared to be associ-
sted In the early buying OF Pennsyi-
vania Railroad stock this forenoon.
More than 600 shares OF this su-ek
wera sold around III 81 within the first
hour. Banking interests, long afni.-
with the Pennsylvania Railroad.
are decidedly bulllsh on all Peunsyl-
vania issues. mainly on account OF the
remarkably prosperous showing in the
recent annual reports submitted by
President Cassatt.
Consolidated Gas's roassertion OF
strength brings out a story THAI the
standard oil. Ryan and Brady interests
In the property have formed n poo. to
this stock and prevent the
room traders from PLAYING fosioaA with
For a few days il Looked as If Con-
Gas had no friends, out JUST
80 n appears TO be well guarded.
Comnar.ftive!y little attention rs paid
In Ire coal strike situation by enc a
live element in tine Stock NchAnEe
Even me speculation In Reading has
IIttle or no connection with coal strike
probabilities, .Autnorlues ~ the ahLii
etc trade made public to-day some ln-
,eresting figures. The output OF
for March amounted 90
rs. SOS tons. which IL an Increase OF
tons over the production in
1905. The - al shipments os
anthracite from the mines Tor Us
three months M 10 April ! amounted
to 15.qis.o5l tons. an Increase % 2liS 80
on the d1te last mentioned inc
socks ~ anthracite at nlewlt.r ag
g%reEated e95.e5 toms This was less hr
'swif, q Company, sai,- q, Fresa seer ii
New York CITY fof the week 'alig Sa'ur-
day. April : averaged ~ cents pct lh -