Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-02-16
NEW YORK STOCKS ANDBONDS
Market is Dull and Price Movement is
Confined TO Few Stocks,
SPECTATORS ARE INCLINED TO WAIT
Extensive Commitments Are Not Elk
pected Until After Adjournment
of ConRress-CIose H.
steady.

NEW YORK, Feb. i5-There was little
animation IN the dealings in stocks today,
movement against the reaCtionary tendency
which developed yesterday. The first tone
OF the money market was practically ig-
nored on account Of the superstition that
the tightness of the call money market
was que TO temporary causes and that
forces of relief would come into play. The
principal OF these relied upon is the secur-
ing of gold in London, which Is expected
on Monday, when large arrivals are duo
there. The strong position disclosed by the
Bank of England IN its weekly statement.
yesterday created an impression that no
further obstacles would be opposed to a
tone of comment from London today in
dicated that financial authorities there
would feel some continuing dissatisfaction
at such a movement. There are reports Of
coming large Withdrawals for South
America from that center stress is laid
the credits placed in London in December,
when the Bank of France extended u.s.
slstance to the Bank of England: de-
cline in interest rates in London, 1t is said,
would lead to shipments of gold from Lon
don to Paris.
to the subtreasury some S1,200,000, beug
the remainder of the deposits made with
the banks in December. The interior banks
have drawn on their New York CORE
spondents only to small extent TO meet
these payments. the higher rates for call
loan here aSting as dscouraging inilu-
ence on any reduction of New York ac-
counts Estimates Of the weeks currency
movement indicate a small change In the
cash item either way. The government
over almost entirely into the averages for
the following weeks helped materially to
make the weak showing of last weeks
bank statement. Lending in this market
by interior banking institutions would tend
to relieve demands on the local banks, but
the further placing of note issues would.
constitute a demand for loans on the local
banks Todays addition to these issues
was the S1OO00,OOO placed by the INTERIOR
ough Metropolitan, the price at which they
were understood to be taken by the bank
ers indicating an interest rate 6l2 to
per cent for the term to their maturity.
recedng tendency, owing to, the lending
here for account of interior banks. A de-
cline in the grain exports for the week Of
$4,000 bu. of wheat and of $4,000 bu. OF
market. The rising money market in Ber-
lin also is a factor in the situation.
The repression of activity in the market
is believed to be due in part to a desire
to await the adjouTnment of congress be-
fore entering upon extensive market COM
mitments. The resumption of the Inter-
state Commerce commissions inquiry into
the Hartman combination of railroad
properties is another item of future in
fluence to bear on the market, which is
the occasion of some reserve in speculative
operations Not only were dealings held in
moderate bounds today, but price move
ments OF consequence were restricted to
comparatively few stocks. A record price
for Anaconda was an incident of the day.
The sharp advances in Missouri, Kansas
& Texas and st. Louis Sopthw stern pre-
ferred were unexplained by any news.
Realizing sales impaired the best prices OF
the day, but the closing tone was steady.
Bonds were steady. Total sales par value,
s., $4,000. United States bonds were un-
changed on call.
The following was tho range Of prices on
the New York Stock exchange: