Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-09-01
NEW YORK STOCKS AND BONDS
Danger Signals Loom Up on Finance
Horizon Soon After Market Opens.
CALL LOAN RATE RISES TO u PER CENT
Forecast of UnfavOrsbIe Bank state
ment Adds TO staenatiOn-CIose
is barely steady After
slight Rally.

NEW YORK, Aug. g.-Danger signals
doomed on the financial horizon shortly
money opeiied al ) per cent and speedily
advanced to II. the highest prices In several
months. As a result the market soon fell
into state OF inertia, such as II had not
shown for weeks before Another influence
which made for lower prices was the
speech Of Mr.. Bryan, although Wall street
An excuse and not a reason Cor selling
securities. Nevertheless, Ii cannot be
denied that Mr. Bryan.s attitude offers
terests and the finafsial community in
general.
Efforts to advance prices by circulating
reports OF gold imports were made at the
opening and while II is generally known
that negotiations to that end are under way
no definite developments were obtainable.
II Is interesting TO note, antnt this subject,
that bar gold and American eagles rose
In the London market during the day,
prices was reported from other imports
less certain, especially as a slightly higher
rate was quoted for demand sterling In
this market. The stock market was with
out a leader throughout the session, but
the trading element played for reaction
and so far as any marked tendency was
discernible their tactics were fairly sue
cessful except in the case of Union Pa
cific, which held well at a marked advance
over the previous days close and some of
Adams Express which on sale of one
lot recorded an advance of so points. Some
stock in view OF the strength of kindred
securities and the recent increase in the
dividend of rival concern and there were
limitations of a closer community of in
terests." Trading during the early, session
was several hundred shares below the
average of recent days and in the late
session grew even smaller. further ad-
vance in call loans to ~ per cent and no
more definite news as to gold engagements
added to the general feeling OF discourage
ment, which resulted In almost utter
stagnation. The forecasts of tomorrows
bank statement showing a loss by the
s., 900 and the general movement ex-
tending the loss to almost S. 800. 000 in
creased the hesitating tohe of the market.
although prices were then the best of the
buying, which emanated from one Of the
prominent commission houses was one of
the puzzling features of the day. Southern
Pacific, Reading and Amalgamated Copper
shared in the rise. but transactions in there
stocks were In relatively small amounts.
Pullman Palace Car was another one of
the specialties that exhibited unusual
strength. selling at $50, an advance Of s
hour the market grew increasingly dull
and spiritless, but became more animated
Just before the end, when call money once
more advanced to the high figure OF the
ments were revived. though details
were still lacking, II was also announced
that the Bank Of England had ordered
another advance in the price Of. American
active issues showing a tendency to rally.
London's operations here were nominal,
sales Just about offsetting purchases. The
sub-treasury transferred $4,000 to San
Francisco.
Bonds were steady Total sales par
value $4,000. United States new IS
coupon advanced u per cent on call.
the New York Stock aXrhQnRp.