Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-11-13
new YORK STOCKS AND BINDS
Calling of Loans to Rsplenirh Depleted
Reserves Causes Selling
CALL LOANS RISE TO TWENTY PER CENT
selling ny shorts Causes Rise In
values Late I'm Nay and
the Close a.
Firm.

NEW YORK, Nov 12--The money situa-
ton mad some erect on prices OF STICKS To-
Jay. Inc determined aOstentlon IRON OBJ.
atIUns IN the tnaiket, wniCn WAS "A feature
OF last week. gave place 70 some llQulud-
ton. As the demand conunueo as lVtpiu
as last week, the SEEMING was enecteu oh,y
al concessions which we're subhtanlial Ia
stocks whCre previous speculation had uesh
active. Inc cUmpeIinE innuence IN the
selling was the Gaming OF loans heIessitaleN
by the dencit in tine lesai reserves "a the
banKs SHOWN by the SATURDAY BANK stat-
meut. no source OF repienishmeni u cash
Is available yet, ana reduction Ol uepJsits
by scaling uown Of outstanding CreOils Is
the Alternative. HOLDERS OF sCCuriues thus
called upon Tor repayment seemed reiuctant
to part with their holdings anu thelI ehoi -
TO secure fresh accommodations ran lhe
money rate up TO ~ per cent early IN lhe
day. The local banks were SAID 10 De OUT OF
the money market entirely, anu tun1s Wert
available only from the uust companies anu
out OF town ienuers. .-
The stTingency IN the money market was
aggravated by the maturity Oh an il,s s al
to $25,OUOUOO OF st. Paul stock Whlch theLe-
fore called for provision of ABOUT Sl|VOVVOO'
Operators in stocks we're someWIa. JUS
turbed by the explicit assertion OF the sec
rotary OF the treasury that ne Woulu tshe
no measure Of relief tor the money marker
IN present conditions. Inc IePeti'on ., o or
the announcement today was mat aItei
confident assertions were IN clrCulalOI ll
Wall street that early steps would De tdhel
to replenish the money market IN spif 81
Opinion Is not united in financial clrcIes
as 20 the feasibility OF treasury measures
to give effective relief at the present Tune
II Is recognized as out OF the dGeS,'iO,n 49,. -
bring about easy conditions In wan street reg
except by carrying foreign markets Will
this to lower interest basis. Any marked
relaxation in rates here will lead certalhIy
to an outgo Of gold to assist the strusgie OF
the London money market TO adJust iNsSll
to the heavy coming requirement OF the
year-end settlements. The stock market
settlement began i'm London today ana carry
over rates were again stin, a rate OF per
cent being reported at one time. The rates
for sterling exchange had declined, never
theess under the influence Of the stringent
money market and free offerings OF cotton
bills. Discounts hardened in London ana
Berlin but the Bank Of England secured a
large consignment OF South American goiu
newly arrived In London, -
The decline in prices Of stocks gave some
additional point TO the discussion or the
, labor question, which is going on either py
voluntary advances by. many corporations
or by demands from labor orgahlsallO ?;
Not much apprehension was Expressed OF
strikes In spite OF the having OF a Daliot
reported amongst the Erie hremen on the
question Of going out The reports OF the
prosecution in preparation against the
Standard Oil Company of an INTENDED II
4 Vestigation of the Hartman railroad comol-
nations by the Interstate ConmeIcs t,nI,.
4 mission and OF rumored recommendations
/ IN the Forthcoming message or the pfesl0eu,,
] were items In the days discussion ana mao
some influence in the depression. Ihe con-
siderable part played by SNORT seInhf w ~
} ers was Indicated by the recovery IN tht
latter part of the day due to covering OIL
short contracts The closing was hrm al
( the recovery. -. -. ,.,,,,o
: Bonds were easy. Total sales, par Ha, ,,r,.
/ 50 49, 900 United States bOnds were VII
Tbe foIIow!ng was the range Of prices on
the New YORK Stock exchange; -. a..