The San Francisco call., 1906-09-21
~ york Stock Market.

NrW YORK. Sept 20.-Dealings in the first
few ninutes Of today's stock market indicated
the pressure which carried prices downward
yesterday Then the course of prices was re,
versed and professional traders VINO hao solo
stooks yesterday proceeded 70 reovy ano 70 re Re.
vise their views Of the factors working IN t tne
lnsrkeI. There has been more or less discussion
cf tue political outlook for some Gays past
Traders Wno profess IN ePprehensloh OF eIoW1n
II s0ciaiistic views and Of extreme antagonlsm
To capital In ali forms were among the sellers
yesterday and the buyers today There was
some revision also Of a story circulated yester-
cay with great detail 10 the effect that con-
spicu0us hgure in the world Of capital hao oeen
getting cut Of the market Prominence has been
1iTen 10 the Individual pointed 10 in all recent
oeal ruu-ors. as, for instance, IN co-opeLs tlon
with the Union Pacific attempt TO control Read
Ing. The formation OF holding company tor the
anthracite companies. ana SO on. Nnen pressure
was seen 10 be lifted today from United States
Steel. Reading. Aicnlson and otner supposed Ia
voritcs in the speculative operations referred
To- the traders changed their opinion OF the
market attitude of the speculative leader. The
days market operations. had much 10 do with
w. s5n--F5sbsn- ef4enffon pasd TO the Union
Iaatec-IS tiniore and Ohio transactions in
fuenoe in the market, although discussion on
rast topic continues without great SHOW Of in
tereSt TIE opening drive against Reading was
encouraged ~ tie decreased earnings reported
in the aunaal report owing 10 the coal strike.
TIE special interest in the fate of the Reading
property les IA It's dual character as line IN
the Baltimore and Ohio outlet 10 New York and
rs TIE corporation intrusted with the directing
control or the bulk Of anthracite bodies The
Union Pacific acquisition Of Baltimore and Ohio
las thrown ont Of consideration the earlier SUD
position that the Reading movement was based
Cd plan for transfer II coal properties 10 a
holding company But IL Is plausible TO sup
pose that some plan Of transfer might be in
HolTed ia Pennsylvania willingness to part
with Baltimore and Ohi0 such as would divorce
TIE Goa holding function from the trunk-line
outlet function IN Reading Sentiment over
money conditions today vas better than yester-
ocr. Additional geld was secured from the Bank
of England for New York that institution re
Trained from advancing its official discount rate.
Cold was also announced as being secured from
other sourceS not disclosed. The ruling rate for
call loans was lower. but time loans were firmly
held. with bidding strong for the shorter periods
and very little Offering New York exchange at
Chicago hardened somewhat. San Francisco again
through the Sub Treasury. The main stress was
le-d- however upon hope Of relief measures for
tts beIeat Of the money market bv the Treas
MY authorities. supposedly By depositing Gov
ernment money with the national banks. The
feeling on this score was confident but no Off
cial Information on the subject was obtainable
Interest was aroused by report OF the coming
of fhc financial agent OF the japanese Govern
inent 70 negotiate a $40. 600, 600 Joan IL New
York. Also by q reporr Of the placing Of
SEQ. .0o0. 600 Of Santo Domingo bonds with New
York bankers Multiplying evidences of demands
fer capital on New York keep alive anxiety over
tie money situation. The special strength Of
Southern Pacific was due 70 reports CT coming
rights 10 stockholders. which were vaguely de-
fined in the current rumors The closing tone
vas irregular. but sustained by the late support
81 southern Pacific
Bonds were steady. Total sales. par value,
United States bones were unchanged on call.
New York Stock List.
z r Hutton & Co.. 400 California street,
fneRihers Of the New York Stock Exchange fur
nisl TIE following list Of bond and stock sales
yesterday;