Omaha daily bee., 1909-01-26
NEW YORK STOCKS BONDS
General List While Neglected and
ListleSs, Is Firm.
MONEY MARKET REDUNDANT
Bank of England Gets Gold From
south Africa without OPPOSE
tiOn From Bank of
First Time for Weeks.

NEW YORK. jan. 25.-Developments over
the weekend had no effect In moving spec
ulatiVe interest in the stock market, al
Importance in their financial bearings.
foremost among these was the fact tina
the Bank Of England was permitted to take
up me south African gold laid down in the
bonuon market at a concession In price
ana without any competition on behalf Of
Far1s, This Is the first week for this to
happen since a period well back into last
year and marks the elimination Of the
accommodations Of gold by the Bank Of France
Hhlch has been going on during that pc
ROD Additional Significance was given to
thls new attitude of the French bank from
the fact that whispers of troubles in the
Balkans was more circulated through for
elsn markets, the danger of war being a
positive motive for piling up Of gold in
Paris. This suppositiOn is cleared away by
the re!inquishment of gold to the Bank Of
England. The issue of the Russian loan Is
now expected to lead to a great easing of
the Paris money market, an early discount
rate OF IN per cent being predicted for
Paris by International bankers In New York.
Redundant money markets throughout the
world are thought likely to follow. Such
q condition would be but an Ag~gravation
or a situation already existing in New York.
Statistics of last years foreign m
or leading countries furnish the clue for
this state OF things in the decline of A77,-
VO,V0 hown by imports and export Of
S ehe pn Rrida states ties t !sS' &C., geo IN those 81 81
Germany. While the depression Of last
year is thus shown to have extended far
beyond our own affairs, events are proving
that recovery is slower than was counted
upon.
The yielding tendency in the iron markets
was exemplified in the reduction Of price
OF southern pig iron announced for today.
Bankers are putting forward their expecta-
ton of revived demand for funds for com
mercial purposes 10 the spring and the
demonstration OF the condition at that time
OF the wlnter-sown crops. Railroad traffic
officials had nothing inspiring to report
dustrial quiet makes small demand for coal
and the mild weather Joining its influence
brought the news that the leading collieries
would close down for the rest of the week.
Speculation tends to stagnate in conformity
with these indications of backwardness in
the business development. Market condl-
lions are composed OF movements confined
largely to individual stocks, regarding
which there are special developments. '
The general list, while neglected and list
less, was firm. The redundant state OF the
money market places no pressure on holders
OF securities. There was a pronounced cas-
ing OF time money rates today, lenders com
ing forward with large offerings at recent
prevailing bid rates. There Is an eager de
mand for the scanty supply of commercial
bills in the market. Bankers continue Ia
make quick sales of blocks of bonds bought
from the issuing railroad companies. The
fitful price movement of the day in the
tone at the closing remained uncertain and
sluggish.
There were reactions in some bonds which
have advanced sharply of late and this
made the tone of the BOND division lrregu.
lar. Total sales, par value, S.430.000. United
States bonds were unchanged on call.
Number of sales and principai quotations
| on SfOnkQ uvaFa nc fallnwya.