Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-11-27
new YORK STOCKS AND BONDS
Easy Money is Reported in ALI Of the
Financial Centers.
RATES ON CALL LOANS FALL OFT
Conditions Abroad Are Satisfactory
None of the European Markets
showing Hardening
Tendency.

NEW YORK, Nov 2s-(special rele-
gram. )-Progress along the lines OF easier
money was one of the most notable de-
velopments Of the current week in the
business world. Call loans have fallen to
"a per cent and under while yesterday
to the end OF the year loaned at IA per
cent and for periods we'll into 1911 the rate
is now I per cent Last year call money
was a. to 8 per cent, while sixty and
nInetv-day loans ruled at to 81 per cent
and longer maturities ~ to ~ per cent.
A year ago Reading was selling at llSt2i
Northern Pacific. l44ss New York Cen
trial, 129; Great Northern, 1874 Baltlmore
& Ohio lisa. United States steel ss7s, ana
Amalgamated Copper at Slh. In the week
of 1903 corresponding to the present one
the daily transactions on the exchange
were from 10000 shares to 100000 shares
and prices were in close proximity to the
figures noted heretofore. This week the
daily transactions on the exchange have
deduction to be drawn from the existing
state of affairs is that there Is not likely
| to be any repetition OF the high rates LoF
money that we're made near the close OF
last year.
Helps out Merchants.
one great advantage to legitimate trade
that has already occurred from the in
creased ease in money has been the week s
large absorption Of commercial paper at
lower rates. However, merchants anu
manufacturers have not yet reaped all the
advantage that is likely to accrue to them
from the great fall in collateral loan rates,
| as even now there are indications that
! conuSrciaI paper will soon settle below 8
/ to 81 per cent for high grades,
| There Is another possible advantage 70
ease in money il the fail in money should
eventually lead up to an improved bonu
| ders more freely than heretofore supplied:
| This would at once become q matter OF
! Importance to the steel industry and the
| car equipment interests, which are now,
! and have been for some time past, in want
| of some such impetus to make nearer
| approach to normal conditions.
In England and Germany.
| Somewhat unexpectedly European dis
| counts at the end OF the week re-
| Elected conditions similar to those pre-
vailing in the money market The reason
| found in the fact that only a very short
! time since political affairs in Great
/ Britasn and the forthcoming Turkish loan
| in Berlin were an influence for, spell;
| The position of the Bank Of England and
! the Bank of Germany is strong one for
| this reason and, although the close OF the
! year always brings with II more or less
| demand for money in the leading European
centers, an easier state OF affairs is ex-
pected to prevail at the close of the year.
| There are some who anticipate that Eu-
rope may again take American bonds IN
amounts have been placed on the other
| side. It will be seen, therefore, that con-
unued ease abroad presents Psssibilites
thing not now foreseen should arise to IN
| settle matters
Dali Day in New York.
Prices QeCuned IfaCuonally To-Day auu
under a dull stock market The opening
was irregular. Then came a few selling
orders on which the list declined 1s9%
and further offerings led to reactions OF
| Mq%.
Only few stocks had opened up to 1;3(
O'Clock, although a number more appeared
subsequently for the purpose Of making a
| record.
Among the houses in which there is g
cotton department interest in cotton faI
exceeded that in stocks. In fact, the cot
ton market was closely watched, while nc
attention whatever was paid to tho
monotonous drift Of sureties quotations.
For once the weekly bank statement was
entirely comprehensive. In the actua
weekend showing cash holding increased
1000. 900; surpluse reserves were reduced
81 900, 600. This, which might seem on Its
face paradoxical, resulted from $l7,OOO,OO
loan expansion.
Excess OF loans over deposits is cut dowI
} again. It was $25, 100000 by today's actua
statement, as against S27 200 last weel
and $S9, 200O 900 three weeks ago. In this
week OF 1909 the loan excess was $50 500, 900
The foreign exchange market opened
fairly steady today. Demand sterling de
! clined five points under this and closed a
4S6GD4.s6, off five points.
| Number of sales and leading quotations
| m uNa lie oil