Omaha daily bee., 1907-04-05
NEW YORK STOCKS ANDBONDS
Market HAs Upward Tendency and Volume
sfTr.dins Expands.
LOWE RAIIs FOR MOyLY LvLMwAIRE
Late Deals show the Eject of
PrOGt Taking, but Gains
Are Quiet and Main
tnined.

NEW YORK. April 4.-There was a ma
terial expansion Of the volume of trans
actions in todays rising stock market
oyer the batting and hesitating market
It's professional appearance. however, and
the movement was regarded rather as a
changed conditions In the money mark 1t
than as response to any actual large
absorption Of securities. The readjust-
ment in values was quite radical and
sudden. Other factors were given a
nominal influence in the days movement,
but there can be no doubt that changed
race Of the money prospect lay at the
root OF the more cheerful sentiment ex-
pressed by the rise in prices. Yesterday 8
quotations of l per cent for call loans
was given sentimental Importance which
perhaps was exaggerated considering the
small amount OF funds placed at that fig-
ure and the belated period OF the day
az which the quotations we're made. To-
day' however the call loan rate did not
rise above IN per cent, compared with
2 A. MAXIMUM In rate Of 81 per cent yester-
exchanges Is significant of the change in
conditions. April l has been looked for
ward to for long time back as the limit
or the period for which New York must
refrain from asserting its claim for gold
upon foreign money markets in order TO
save those markets from a pressure that
would endanger them. Now, with the
quarterly settlements concluded and the
expected relaxation in foreign money
markets, New York is without urgent
]
mas removed the obstacles to an outgo OF
gold, the price OF the metal declining
IN that market and q sharp fall in the
| open discount rate opening the way for
New York to secure gold II II is desired
Inc rapid rail- In our own money rates
meanwhile has run w the sterling ex-
/ change rate to where the import of gold
\ oners no profit. Undoubtedly the relieI
measures adopted bv the treasury were
deciding factor in averting the ex.
/ pected approaching crisis. Wednesday
| Imperial Bank of Germany statement am
| tooays Bank Of France statement arc
! suhctent evidence of the stress OF M
/ situation. The French banks note issue,
/ standing credits to over $50. 900 o0O 70,
! the week. The Paris market expressed
/ us belief today that the bank rate ,ot
cent. PEI
The collapse in money rates clears 1T
one OF the darkest clouds on the fnancia
horizon and Is Of vast sentimental infiu
! ehce IN dispensing the deep depression
! recently hanging over the securities mar
St Large imports - was attached IL
/ from Chicago that a settlement was i'm
mlnent or the wage dispute on westerI
| rHiroads. Southern Pacihc's very stron,
showing OF net earnings for Februar'
me aI9 That stock and Union Pacific al
ven ana this was of sympathetic effec
on the whole market A rebound IN ~,
4 Lonoon copper market was a favorinr IN
| ciueht or the day. The late marie
! showed the usual effect Of oft-tsltin,
wei, me oays rise but the gains were quit
4 Ihe bond market was active and ver,
stIong IN response to the decline I,
| money rates. Total sales mar ya1,,I
HnS'Sbbo;UOO; United States bonds wer
| unShanged on call -
new York Stock EXCHANGE. Oh IN