Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-01-02
NEW YORK. STOCKSAND BONDS
Market Depressed Early in Day BY RumOra
Of Possible Failures
RATE FOR CALL MONEY AGAIN ADVANCE;
Recoveries Follow Announcement OF
Passing of All Balance sheets By
Clearing HOuse-C1osing
Tone H. Fixm.

NEW YORK, Dec. H.-lThe last day OF
the year did not pass without a pinch In
the money market and this was con-
stralnt on the stock market But more
influence on sentiment was caused by the
ment growing out Of stock market losses.
Before the day was over IL was made to
be understood that arrangements had been
concluded to avoid the threatened em-
sentmsnt was manifest ei and the tone Of
depression In the market largely disaps
peared. The recoveries which followed
than G response t to any large transsctions
There were some wild fluctuations In
Reading in the opening dealings, success
sive transactions being made at variations
OF point and even a point and half, an
unusual fiuctuation for an active stock in
large volume in the market: There was
pronounced pressure also on the Hill stocks
and to less extent on ST. Paul and Union
Pacific. The wide declines in the Hil
stocks since the new issues Of stock were
speculative losses and the amount OF thess
stocks held on margin proved much larger
than was suspected. The severe shrinkage
in their market value placed some accounts
in a precarious situation. The existence OF
vulnerable position was suggested by the
unexplained liquidation of the latter part
Of last week. A long delay in the passins
Of the Stock exchange clearing house sheets
today added to the anxiety and there was
the early trading.
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 in the mood
OF the speculation. The atmosphere Of the
market was not a cheerful one for the ap.
proach of the new year. The market hac
to take some share of selling that simply
represented closing out Of accounts for the
year. st. Paul subscribers to new stock
anG G e addeS TO Ss O Ra Ps
arations for the enormous payments OF the
ton in the money market after the turn
Of the year is clouded by some Of the posi-
BILE complications.
tinued solicitude with which that center
would regard any withdrawal OF gold for
New York account, after the turn OF the
year London Is under obligation TO return
to Paris the resources advanced to tide
over the annual settlements. heavy de-
mand for gold for Brazilian account also
Is to be faced. In our own market also
4 is recalled that the last deposit of
return on January 20 for half the amount
and for February for the remainder. The
$2e,OOo0oo deposited late in september also
was with the intimation that demand for
its recall would be made when currency
began to return from the interior In the
spring. Installments on subscription to
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 res
mains somewhat obscure The time money
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,
81. IT, 900. United States bonds were un-
/ changed on call.
The following are the quotations on the
/ New York Stock exchanged.