Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-09-07
NEW YORK STOCKS AND BONDS
Market Shows Stimulating Effect Of Order
Of Treasury Department
FUNDS WILL Be AWllABlI NONOA,
Secretary shaw O9ers 60 Advance
Cash Against Gold Engaged
Abroad Pending It's
Arrival.

NEW YORK. Sept. e.-The stock market
today showed some stimulating enect from
the order of the Treasury department per
hitting deposit OF government funds with
national banks against engagements OF
gold for import. The effect was moderate,
partly owing to the selling to realize pro-
Ats by those who bought stocks on the
confident assumption yesterday that action
was imminent by the secretary OF the
and party owing to the fact that the
call money market did not show the ex-
pected relaxation as a result OF the news;
operative until next Monday no actual IN
crease of banking resources was immedi-
orators Ia stocks that the assurance Of
new supplies although delayed, would cause
freer offerings of credits and relieve the
When this was seen to be doubtful
the speculation was inclined 70 take q
waiting position. Good resistance was
were sustained by the conspicuous strength
of some of the speculative leaders IN the
list Of stocks; No actual steps were ece,,,, ~.
promised by the secretary of the treasury
to help the gold movement No doubt Is
siderable Inward movement Of gold will
follow. The use Of government deposits
may extend under the order to engage
before or after the going into effect OF
the order Gold In transit to New YORK
next Monday will give the CONSUMES the
its arrival as well as the gold engaged on on
rS Ion Ss tss S s the eo nay Ps
been actually engaged to shipped. This
would make IT feasible 70 buy gold in
and make the proceeds available for use
in New York. from the date of purchase
without expense for interest charges while
is the same as that in force last April
with the exception Of restrictions against
what seemed abuses Of the privilege a,
the recent accumulation OF gold In London
by undisclosed agencies has been for New
oTk c sio0unS binh Sps been taSen In thai
case such sums would be promptly avail
able on Monday, when the treasury order
goes into effect for use in New YORK
There was much discussion of the probable
adequacy Of this means to ease the money
The time money market seemed to be un-
| affected by the news and loans for sixty
and, ninety days still commanded premiums
to Y t. a Per %h
foreign bankers Yesterdays 5000. 60
10 the IN the daily
of operations by extraordinary govern.
ment disbursements to the amount OF
SsnSs Only 5e1 modera tee TSs sovsrnment in
stitutlon has taken from the banks since
the last bank statement however. 49, V
San Francisco today. The money strin.
! gency here is bringing offerings in small
amounts from widely separated points II
| the interior, which make an appreciabls
| aggregate. New York exchange at Chi
| cago also recovered to &c discount, com
pared with 40c discount on Tuesday. Read
! Ing bore the brunt OF sustaining the genera
market up to the late afternoon on rumort
that control of Baltimore & Ohio was e
| be. transferred to that company The
| Great Northern ore lands report wal
revived later with effect on United States
| Steel and Great Northern preferred and
a strengthening influence on the whole
| market. When the demand for cal
| loans had been satisfied offerings of the
unplaced remainder carried the rate On
| from rs per cent; the high rate of the
| morning, to per cent, where 1t closed:
So $4,000. United States bonds were un-
/ nj ed IN Call- az -
Following was the range Of prices on thu
New York Stock exchange: