Omaha daily bee., 1909-11-09
NEW YORK STOCKS AND BONDS
Initial Upward Impulse Comes from
Buying of Shorts.
THE CLOSING TONE is EASY
OF Imperial Bank Of Ger
many 60 Leave Its Minimum tate
Of scoun Unchanged
eatur Of News.

NEW YORK, Nov. S.-The initial upward
impetus to stocks today came from probes
sional buying 70 cover short contrac,s, and
was based on the decision of-tne luperiai
bank OF German TO leave its minimum
discount rate unchanged. The closing was
easy.
Tne weekly return or the Imperial Bank
of Germany, while showing an improve
ment in conditions, went but a short way
toward making up the deterioration OF the
previous week in connection with the No
vember settlements.
The Bank of England secured the 81, 800, -
OOJ of South African gold available III the
London market. but the London control OF
New Nork's gold was reassured I'm the re-
sumption Of the outgo of gold to SCUM
America, consignments Of more than $1,000,
00 being announced for that destination on
Wednesday.
The Bank of England also borrowed
from the London open market. This ana
the contemplation Of the complexion of
the Saturday bank statement here cor
rected any danger of o~yeT-confidenCe over
the clearing Of the financial outlook. The
movement OF the sterling exchange rate
at Paris, which advanced a full centime-tO
above the par OF exchange, raised dis
cussion of a possible movement of gold
from Paris to London. The Paris money
market IL the most abundantly supplied
Of all the International money markets,
and the discrepancy I'm the interest rate
in London is prompting purchases of finan-
cial paper In London by French banks.
Exports OF grain are now running heavy
and making exchange. The rush Of inn
ports from France to anticipate the expira-
ton OF the reciprocal trade agreement on
November l has subsidized and will reduce
the demand for remittanCes in aymen
The published outline Of some Of the sub
jects TO be treated in the presidents mes
sage to congress recalled attention to the
approach Of the assembling Of that body
and to the regulative measures that may
be directed against corporations by the leg
islation of the session.
A notably strong feature of the market
was Amalgamated Copper. The influence
back OF this movement was the persistence
Of rumors both from abroad and from do
mestic sources of the progress towards a
working agreement OF the various impor-
tant interests amongst the coppe pro
ducers. The London price of the red meta,
rose in connection with these reports, and
In spite OF the expectation that the stats
tics for October of the Copper Producers
association would show a further addition
to surplus stocks.
A lull IN the sales of pig iron since the
first OF November was another item or the
DAYS news which may have aggravated
the selling pressure on United states steel
The late rise in call loans to . per cent
alAo was against the market. Foreign ex-
change rose strongly in face OF the sur
fleming of the money market ana New
York exchange at Chicago fell bacK 10 IL
cents discount per Sl,OOO. 40,
bonds we're steady. Total sales, par
value. S2033, 900. United States bonds were
unchanged on call.
Following were the sales and range OF
nr{cos on the Stock exchange today: