The San Francisco call., 1906-11-14
New York Stock ,Iarkrt.

NEW YORK. Nov. ls.-The movement to-
Neru recovery in the prices Of stocks, which
yesterday. made further substantial advances
tooay- The demand not lsrge and con-
stoeks which have been fsrorltes in the spec
ulauon- demand from uncovered shorts WAS
n obvious factor in the recovery. The light
demand Wss made effective through the falling
81 In the pressure. There was much less call
lnE Of loans today and less difficulty in secur-
ing fresh scconmodatlous II was assumed
money market Of the amount paid in yesterday
Subscriptions 70 new s. paul stock. which
settlement 10 London made favorable progress
sld without further urgent pressure on New
YORK for retirement OF stock held il that mar
ket Money and discounts we're firmly held in
London. but Developments pointed unmistskablT
70 elective relief q the tension in that mar
Ing exchange n Paris OF 81 centimes served
notice that extensive remirtznces Of capital
were being made from that center 70 the Eng
Hsn capital IN furtheralce Of willingness Of
the Bank of France 70 assist the London money
market The loOsening Of the purse strings Of
the Paris market for the benefit Of the London
market opens Up the most important reserve
supply OF money at present available 10 the
Foretgn fnaneisl opinion has been freely ex-
pressed that relief measures were called for By
played By New Yofk's requirements in,/the
present tightness Of money. The reiterated re-
fusals of the Secretary Of the Treasury 70
adopt any Immediate measures. which were re-
peated today. were calculated 70 dissppoint ex-
pecrarions Of relief by this means which thus
were expected % ease foreign money msrkets
IS "e- a. our own The appearance OF the
Secretary in Wall street today gave nex circu-
iation g. rumors OF his intention 10 adopt relief
measures These rumors had their part in the
cary strength Of the market By the time
they were denied the market had the more
substantial basis q easier tone in the
money market without the help Of treasury
measures There Was some disposition 70 infer
that Efforts had been made 10 exaggerste the
money srrileeucy yesterday IN crder 70 i'm
press ne treasury officials with the desirability
oI RELIEF. and that todaT's relaxation might be
due 20 tie abandonment of these efforts The
explained BY the lack OF pressure on account OF
ne London settlement the res ppearance OF st.
PAU stock subscriptions IN the money market,
lenn-ug u money for our-0f-t0Tn hanks
sidence Of the movement OF currency the
Interior Reports n settlement OF wage dis
pures or some q the railroads were g help 70
the market. Some sentimental effect was pro-
ouced By the reports OF agreement at Wash
ingron on a plan among the advocates OF a law
special strength OF St Paul found explains
ton IN any news behind dividend rurnors OF
rights Of subscription 10 further stock issues
The opening rloneT rate AT il per cent proved
- be the highest Of the day. With the de-
cline 10 the rate stocks advanced gradually, but
quite steadily Proft-taking caused some reac-
zion. and. while the closing was generally be-
low best prices the tone was firm
Bonds we're steady Total sales fparSFsluel.
s. $50. .Oo0.
Upited States bonds were unchanged on call.
New York stock List.
EF Hutton Co. $50 California street
members of the New York Stock Exchange, fur
nish The tollowings list ot bond and stock sales
yesterday: