Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-09-18
NEW YORK STOCKS AND BONLS
karket Ia Irregular and Active, Later
Turning Weak.
CALL MONEY RISES TO 10 PER CENT
Hardening of Loan hate Turns the
Prices Downward and Close
IL at Lowest Point of
the Day.

NEW YORK. Sept. 1.-THE speculative
choice Of favorites went racing through
the list OF stocks usually prominent IN the
stocks thus selected for what they could
be made to yield in the way Of price
whien me sudden bursts of buvinR. iis-
tinguished these stocks was no less as
founding than their sudden lapse into dull
ness wnen operations turned to the next
choice on the selected list. AS the various
stocks were left behind by the tide Of the
most trading they were inclined 10 sag
the prolit-taking sales. Some OF the strong
est and most active stocks of the early
dealings lost all their gains subsequently,
movement lost part and the latest corners
In demand received the best part OF
srate stocks were very large and gave the
Impression of orders executed from one
source or under concerted operations.
traders In following these movements were
on an enormous scale and without any
pretense of information to base the buying
on. Blocks OF. thousands of shares were
bought on the hoor and often quickly sold
at a slight advance for no other motive
Some of the days conspicuous movements
were advertised beforehand and were sub
ject Of widely circulated tips before the
market opened. Accumulation Of buying
orders over the week end as q result of last
weeks influences were on a moderate scale.
The, usual weekly summing up OF indus
cling Of the flood toe OF prosperous activ-
ity in every branch. The car movement
was reported to be limited only by the
available equipment facilities and railroad
officials expressed but one apprehension
and that Of car famine and coming freight
congestion from lnsufficiency of means to
take care OF freight offerings, The rail-
way equipment stocks responded early to
this showing of conditions. Amalgamated
Copper responded to the showing OF gem
eral prosperity In the copper trade ana TO
sspecihc rumors OF Intended increase In the
dividend on Anaconda and on its own stock.
The speculative element was disposed
to assume that the Saturday bank state
ment showed that the crisis In the money
thus removed to the due reflection in the
securities market of the extraordinary
were made at below per cent, compared
with Fridays per cent rate and this
served to confirm speculative confidence.
The later rise in the money rate to 10 per
cent had something to do with the reac-
tionary tendency of the later stock market,
although the palpable speculative exploita-
ton Of stocks that was going on and the
manner in which different issues were
thrown aside as fast as their possibilities
The hardening of the money rate was at
tributed to the arrangements making for
a paymnt OF an installment OF subscriptions
to Baltimore & Ohio new stock, which
called for something like 100000. There
were some small additional gold. engage
ments IN b h9na91 aoo
abroad too soon to get the beneit OF the
treasury aid measure and which there
fore became newly available 20 New York
bank reserves with their arrival. There
were further remittances from here to San
Francisco through the subtreasury. Read
ing, Pennsylvania, the Hartman Pacifcs
and Amalgamated Copper absorbed large
proportion of the days dealings. The clos
Ing was weak and not much OF the days
gain was saved
Bonds were irregular. Total sales par
value, 50, 600. United States p regis
tered declined u per cent on call.
Following were the sales and range OF
prices on the Stock exchange today: