Omaha daily bee., 1907-01-01
NEW YORK. STOCESANDB BONDS
Market Depressed Early in Day BY RumOrs
Of Possible Failures.
RATE FOR CALL MONEY AGAIN ADVANCES
RecOvsries Follow Announcement of
Passing of All Balance Sheets by
Clearing HOuse-ClOsing
Tone In Firm.

NEW YORK, Dec. a.-The last day OF
the year did not pass without pinch In
the money market and this was con-
infuence on Sentiment was caused by the
persistent rumors Of financial emDa ,rrsss
mept growing out Of stock market losses;
Before the day was over II was made 10
be understood that arrangements hao Deen
concluded to avoid the threatened ems
ointment was manifest and the tone OF
depression in the market largely oisaps
peared. The recoveries which Followed
nan nan a 'T response to any large transactions.
There were some wild huctuauonS IN
Reading In the opening dealings, success
sive transactions being made at varlauons
OF point and even point ana halty an
unusual huctuation for an active STOCK IN
large volume In the maTkett; II nTrs s, We
and TO a less extent on St. Paul ana union
Pacific The wide declines In the Hill
stocks since the new Issues OF STOCK were
announced to have involved some severe
speculative losses and the amount on THESE
stocks held on margin proved much larger
than was suspected. The severe shrinkage
In their market value placed some accounts
IN a precarous situation. The existence or
vulnerable position was sag p py tne
OF last week. A long delay In the passins
OF the Stock exchange clearing house sheets
today added TO the anxiety and there was
continued uneasiness and nervousness N
The sharp rally in the market came with
taken, but was accepted as a proclamation
Of a satisfactory settlement OF difficulties
The gloomy and depressing weather was
allowed its share OF influence N tne tno 90
of the speculation. The atmosphere OF the
market was not cheerful one for the ap.
lproach of the new year. The market mac
to take some share of selling that simply
Represented closing out OF accounts Tor the
I year ST. Paul subscribers to new stock
/ had to make 10 per cent payment today
{ and this added TO the burden or the prep
{ aratiOns for the enormous payments OF the
/ new year. The hope of prompt relaxa-
tion Ia the money market after the turn
OF the year is clouded by some Of the possi-
BILE complications
tinued solcitude with which that center
il would regard any withdrawal Of gold for
New York account, after the turn OF the
year. London is under obligation 10 return
to Paris the resources advanced to tide
over the annual settlements. A heavy de-
mand for gold for Brazilian account also
1t is recalled that the last deposit of
$40 100000 Of treasury funds was fixed for
return on January 20 for half the amount
and for February / for the remainder. The
was with the intimation. that demand for
its recall would be made when currency
began to return from the interior In the
New York issues will make heavy demand
from time to time on future money mar
kets. The question of working towards
ease in the money market therefore re.
mains somewhat obscure The time money
was again easier today and sterling ex-
change was strong.
The more cheerful tone OF the later stock
market was maintained and the closing
tone was strong and at the best prices of
Bonds were heavy. Total sales par value,
s1,722OOO. United States bonds were un-
The following are the quotations on the
New York Stock exchange;