Omaha daily bee., 1907-04-04
NEW YORK STOCKS ANDBONDS
Prices Move Downward on Renewed Selling
for Foreign iocount
RtcEOINe MONEY RATES ARE GENERAL
Values Recover, but the Rally
f. Not Held and the Clos
Ing Tone OF Market n
Irregular.

NEW YORK. April S.-The movement OF
me STICK market today was regarded rather
as q reflection OF the shifting sentiments OF
professional operators more than as speci-
tylng any changes In the conditions and az
Ialrs. The market tends to fall more and
more int5 the HANDS. Of professional OPP
orators with the completion OF the transact
uons by those prompted by more substan-
tial and sustained considerations
a.. ne development Of most consequence was
me ne relaxing tendency Of money, which.
however was little regarded in the ST ok
Ge s9l Receding money rates were the
rule at all the great financial centers OF the
world Even at Berlin the discount rate
Teceded, although the weekly statement of
ne Imperial Bank OF Germany gave formld-
clal sources there. The increase for the
week IN the note issue of the bank amounted
~ sy 5 ana the expansion Of its out
standing credits to 500 465, 600, while at the
same time its cash reserves were drawn on
TO the extent Of SS5, 900. This showing
explains the remaining uneasiness reported
from Berlin. Reports from London init
mated that some CT the takings Of gold
there were destined for Berlin A feature
u the situation was that part Of this sup
ply came from New York resources by re-
sale In London of part of the sold engaged
there yesterday for shipment to New York,
market price Of gold. The violent rebound
IN sterling exchange here made the re-
pa1l9 dnnl, Of the gold profitable. The
pialned the movement Of the foreign ex-
change. The banks have gained on sub
7 = S.N'AS pB0LaNiOtH SINCE the last bank
statement s,24,OOO They received today
consisnments Of upwards of 81 10000 OF the
eold secured abroad last week. The intert,r
currency in favor OF New York. While the
STOCK market was little affected by the
course OF money, the bond market begins
/ 70 sIO" marked Improvement and a
| largely Increased demand. This IA a de-
Velopment regarded with great nterest ow-
iosgsS ltS d{teth1oenoy TO correct the water
| bond market for months and to take up the
c9nseston OF many Issues long unmarked
ers. The New York subtreasury already has
PAID over to the banks upwards Of 81 600 900
VI customs revenues, making IL evident that
/ lhe treasury department is not limiting its
oepcsits Of this kind to the $15,OOOOOO OF Ac-
cumulated customs receipts authorised de-
R Risa 81 under the authority Of the new law
Inc treasury circular ordering the refund
ing OF S50,o0O,OOO OF the 4 per cents or az at
ma urlty on July 2 and the redemptbon in
6 Ssss Us the rest Of the issue Is resaG by
! bankers as promising additional assurance
or resources for the money market.
PIlces OF stocks moved downward and
| tnen recovered. Explanations for the de-
preston were renewed selling FOR foraiSp
] account, fears of a rupture OF neRotiations
Ior the peaceful settlement Of the wage
SSUqnIroversy on western railroads nrd 'Ea
oisquleting effect Of the bitter tone OF ex-
TTiidIses DetWeen the White House anu. ,..s
~ Ghi III Faclno executive Offices. A break
! IN the LONDON copper market als,s was an
| lnnuence. Atchison was prominent in the
! recovery after the declaration o. the semi
yearly dividend OF per cent for the Kan.
sas CITY southern railroad was another
I BatiI 7I OF the day Beading and Brooklyn
RAPID Transit were speculative favorites in
t tIe lale rise, which was attributed largely
20 rSDuylng or stocks sold short early in
| I VIZ ,uay. Inc rally was not held and the
closing tone was Irregular ~ 'Ae
90 500 6do We're firm; Total sales, par value,
call. ''i0eu a per cent on
Number Of sales ana quotations on the