Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-10-27
TEE WEATHER IN RICHMOND YESTERDAY
vas clear and fair.
NEW YORK STOCK MARKET.
State of Thermometer:

| NEW YORK, october .C.-StOckS open
| cd firm on covering OF shore contracts.
| The Changers were especially firm at
| this time, and moved up about IL per
| cent, on a belief that the September
statement OF the ST Paul will make an
| excellent showing. The Southwestern and
international shares also moved UP frac-
tonally. The strength of the market was
short-lived, however. and in the last hour
Of trading speculation was positively
weak.
There were lquidating sales in the In
dustriaS, and the bears used aggressive
tactics Leather was the special feature.
and dropped from L. 1-2 to II 1-2Qll 81:
the preferred from Il Ii to 20 5-SH7l is,
considerable Ions stock coming out on
the way down. Sugar was also heavy In
the closing dealings, and fell from 100 o-S
10 100 3-lGie3 rs. Lead sold down l, to
81 Ia General Electric 3-l, to 50 1-2. and
Tennessee Coal and Iron ], to So IL.
Western Union rose | Ga. on the declara-
ton of n dividend Of I IL per cent. but
later declined IL. Chicago Gas declined
l is, to 6s. The deposits OF Fidelity re-
ceipts for Central Trust receipts now ag-
gregate sl6,5SG,2cJ.
The slump in Leather and Sugar led to
realzations In the railway list. and a
decline of Ia to IA per cent. The mar
ket closed heavy. Net changes show
losses OF l-4Go 3-S per cent, outside of
Leather preferred. which declined Is
per cent. on the day. Pacific Mail was
easier, and declined TO 5000 II. the
reports current yesterday about settle
ment with the Panama not having been
confirmed.
Bonds were firmer The sales footed
up $4,000
The sales of listed stocks aggregated
CT, 500 shares, and Of unlisted stocks, 5i357
shares.
Treasury balances: Coin, $50, SOS, 1856; cur
rency. SO. 7o5,oI7.
MONEY AND EXCHANGE.
Money on call oa2 IL per cent; prime
mercantile paper. 5 l-4@6 per cent.
Sterling exchange steady, with actual
business in bankers bills at S4.S LA
$A& l-2 for sixty days. and siS La
si.8 IL for demand: posted rates. s4.SS
G$i3; commercial bills. si.S6 1-4usi.S.
Government bonds steady. State bonds
dull. Railroad bonds higher.
Silver at The board, G7 rs.
BANK STATEMENT.
The weekly statement of the Associated
Banks shows the following changes:
Reserve, increase, Sl,S09,55.
Loans, decrease, Sl,S27, 500.
specie, increase, si,z55,V
Legal tenders, decrease, .S}0S00Q.
Deposits, decrease, $l,g.09Jo.
Circulation, decrease, Ss0.So.
The banks now hold sl6,GS9. 700 In excess
of the Is per cent rule.
The New York Financier says: There
were no changes OF Importance In the
statement made by the Associated Banks
for the week. the principal features being
the continued decrease In loans and tbs
increase of sl,299. 500 In specie. AS a large
number of banks were below the required
Is per cent. reserve on the previous week.
the contraction in loans was to have been
expected. There was some POPULATIONS OF
loans from mercantile sources. however
The loans Of the New York city banks
at the close OF the current week stood
practically at the same figure reported on
June LIST There have been some marked
fiuctua tons in the loan item during the
period intervening. the highest point
having been reached on September 9th
last. when the loans were twenty millions
I'm excess of the present figures. The i'm
mediate future OF the Loan market Is
somewhat ccniectural, owing TO the in
PRODUCTION OF seVerai new factors during
the last week.
Orders were received by several for
eIen houses to place sums OF money az.
cregating several million dollars on time,
but as the rate demanded was too high.
the funds were employed on calr,loans,
creating a temporary weakness in the
market. Bankers who have given q great
deal OF attention to the question antici-
pate q heavier demand soon from this
source, but this will be governed to
greater or lesser extent by the price Of
cotton.
The banks showed an actual increase OF
1921, 800 in cash holdings during the week.
the loss Of 1ss.0oo In legal tenders being