Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-10-20
The wrArHrn IN RICHMOND YESTERDAY
NEW YORK STOCK MARKET.

NEW YORK, October 19.-The stock
market was feversn and irregular to-
day. The transactions were again ligAt
The traders were bearishiy inclined. be-
cause Of the failure OF good news TO
have any erect on prices. Yesterday
the exchange market declined. and to-
day cotton broke, but neither fact had
the slightest influence Whatever.
Gold-expcrt talk was revived. Urea
sury officials are looking for an early
resumption OF the movement but bank
ers, as "A rule, say there will be plenty
of cotton bills during the next two weeks,
and for that time at least there will be-
no gold shipments.
At the start the market was finn, but
subsequently prices dropped ii TO 5-S
pe- cent. Lac.ede Gas. Sugar, Tennes-
see Coal, ana General Electric were par
tcularly weak at times to-day.
American Tobacco first fell u. to
SIT ana then bounded up to 95Qsi IS
The rise in the stock was due to vague
runors OF an early settlement OF the
troubles with outside manufacturers
This report was not credited. however
rs tfe Trust has just bought the Butler
plug in St Louis 10 GGht
the western men in their own territory
The market closed steady IN tone with
prices anywhere from II to IS per cent
below Fridays iual figures. Bonds were
lower. Sales, $3.50.
BANK STATEMENT.
The weekly statement Of the Associated
Banks shows the following changes:
Reserve. increase. !l.aoS.2'5.
Loans. decrease, $2,2o5,'00
Specie. increase. $4,000.
Legal tenders, decrease. Sl7S,56o.
DEPOSITS, decrease, 81. J57 100.
Circulation, decrease. 1920.
Thr banks now hold NJ.3s0lI5 In ex-
cess Of legal requirements.
The New York Financier says: FOR the
first time since september last, the state
ment Of the Associated Banks. shows an
increase in the reserve. the expansion
for the week ending October 18th. being
s.. 2O3. 275. The net increase In each re-
ported amounted to only sSll.51O The
tota specie holdings are low S6l,&19D0.
- against SIS S6T.OO for the first of this
year. The legal-tender item also shows
the effect OF the crop movement, the total
amount reported for the week just ended
being $50. 500 800. The largest holding OF
legal tenders reported by the New York
banks this year, was sl19 $500. which
amount was reported on August 18th, last.
There has been steady decrease up TO
the present time. the loss In round num-
bcrS being s31,VO,W', OF ~ Tue rate VI
over s. 10000 per week.
There was a decrease in the loan item
for the current week Of g.. 2S5 200. due pro-
badly to mercantile settlements and the
calling In OF loans by banks which had
fallen below their required reserve.
The reserve item. In fact. has been one
Of more than ordinary importance OF
late owing TO several circumstances
which have operated 10 place some OF the
banks in a position where a contraction
OF loans was imperative. The total loans
of the New York banks have shown de-
cided falling Off in the last six weeks. the
total OF sol. $50 go. reported October 18TH.
conorarinG with SJlS.S65,60o or September
I'm n decrease OF over 100000.
THE money needed for crop purposes
shows no Glminution from last weeks
average. the actual remittances amount
ing TO something like 100000 per week.
There is no reason 10 believe that this
movement Is liable to any sudden check,
h,,t the advantage which such condition
has occasioned has been rather weaken
ed by the influx of money from the Trea-
amy during the past few weeks. II Is
estimated that no less than S2,0Oo,0o0 has
thus entered the market within two
weeks.
The rumor OF gold exports has been
revived, but the fact that no gold went