The San Francisco call., 1906-10-02
Kew York stock Market.

Kew YORK Oct. wall street braced It.
SELF for the shock OF possible call-money
done that considerable SLOW of strength re-
suited when It. turned eut that there was not
mech of money furry after. ali The call loan.
"a e went TO 2 per cent early ip the day and
prices wavered as IL was feared this might be
The precursor Of worse 20 come But the amount
Of funds attracted by the rate proved sufficient
70 carry 81 lower and the stock market promptly
stinened again: The strength was rather spotty
aEd was suspected OF mahipulatiye origin for
sustaining iehect on the general list. but the
unohstructeu. advance OF a few Of the most
prominent stocks proved ample 10 reassure sen
riment. Tie market became very quiet wien
tbe hrmness of tone bad been established. While
the principal requirements for the October set
dement's come upon the FIRST Of the month. some
OF them ARP disuibnr6d through the month II
IS usual for the stringency caused by tbe turn
6elay IN tie return of the funds distributed to
the coanneik of tho money market For these
exrenoi1g stock market operations as advances
1ne the money rzfee are. considered. There Is
considerable Increase n the confidence however,
tnat effective progress has been made. in Sc
curing resources toward meeting the heavy de-
mands for! harvesting purposes abesd Of the
fhe New York banks. as shown BY the last two
bank statements. contributes 10 this feeling
The surplus re-esta blished compares well with
1hst OF previous years at this time. There was
some Dissatisfaction AT first with the wide dis
tribution OF the Government deposit OF S26. .000.-
coo with the banks, but assurance is growing
that THIS relief VIII certainly save tie New
York banks from some portion OF the strain
supply interior demands for currency even il
The funds thur disseminated are slow in finding
their way back 70 the central reserve supply
IN this city. The remaining resources OF the
Government IN the way OF idle surplus also are
counted on for use IN relieving any actual
emergency IN the money market good effect
was produced by tie large proportion OF today's
arrivals Of South African gold secured for New
York account, which Ras reported al SO 600 600
compared with 81 900 900 secured for other Dur
poses: resulting rise IN the price OF gold
and IN the open market discount rate marked
the continued opposition of the London money
market 70 the relinquishment OF gold. Less ap-
prehension is felt, however, as 10 the ability
of the finance bills held in London and which
mature II very large amounts during October
Recent canvasses among London bankers re-
veal Willingness 10 extend the period OF these
credits. and this is believed 10 play an i'm
portant part 3n the unimpaired confidence win
which the speculative position IN the New York
stock market IL being maintained. The .darss
principal movements show the large mart
played BY the ore lands deal. ST. Paul and
Southern Pacific merger and q coming ner
Of rumors and renovated for new use after do
ing service many previous times. The market
closed slightly irregular, but with strong stocks
near the top. There was also a better market
and slugEishness. September sales OF stocks
were 2o.50o 900 shares. an increase Of 8 800 600
shares over last September. while bonds sold
~ september. at par value OF $40 95o. 600.
were So 600 less than n last September.
Total, sales today (par TslueD. 81 SIC 600
United States bonds were unchanged on call.
New York Stock List
2 F. Button Co.. zeo California street.
members Of the New York Stock Exchange FUR
rish the following list OF bond and stock sales
Yesterday;