The sun. [volume] (New York [N.Y.]) 1833-1916, 1896-11-01

into yesterday by a number OF the larger banks
to relieve tho tension on the call money market
until after the election appeared to grow upon
the street today. Besides, confidence was slim
ulated by the latest statement OF the Chairman
OF the Republican National as to the
number or votes that Its candidate would re-
ceive in the electoral college. and also by tho
extraordinary local denomination In favor of
sound money that was made by to-day's parade.
The stock market ignored absolutely .
lower market for American securities In
London. as we'll as trustworthy advices from
that centre of an active money market and de-
moralization in the market for South
African mining shares. The tone of the specu-
lation was strong throughout. though q reaction
from the highest prices took place in the last
hour of business. As a matter OF fact. the de-
gree OF enthusiasm displayed at tho opening
was such. considering the narrowness of the
market, as to warrant expectations of O reaction
before the close.
Prices were sustained. however. in the final
dealings by the character of the bank statement,
which was unouestionably good. In the frat
| place. the banks have gained nearly So. 900. 900
in lawful money. all OF It in specie. Another
noteworthy change is the decrease of 3d.
500. 900 In the loans. The difference be-
tween these two items is reflected ap-
proximately In a decrease OF So. 900. 900 in
the deposits. which obyioualy call for $500 900
| less reserve. In consequence the surplus re-
serve is increased by that amount, az well rs By
tho net gain in lawful money. These changes
hiring that item nm To nearly 17,6 million dol.
Lara The money market on Monday will
hs innuenced not only nv tbesa circum.
s+,nres lint nv the ,nrqs disbursements for
dividends and interest nm tim, dav and nv tho
navment Of a. 600 600 nv the CITY for the re-.
demntion Of its bonds. The money reouired nv
tho CITY for redemption purposes on Monday
WA Withdrawn from various Depository banks
vesterdar and to-day. and transferred to tho
bant nnon which the CITY draw, checks. where
q ia unav,nable until CHECKS to the order Of
hondbolderr are distributed on Monday.
Tbe advance IN nr,c.. on m. STOCK E,ch.no.
TO-DAY va. mo.t nronounc.d Il, the in,c,iv.
rtocks n c;rcpmstance which ipdicates that
anecpIntors we're inclined IN take nronts wb,le
IN. ma, imnrov.ment xaa verv nearly 0enera,
II wa. not uniform. sugar refining
which continue. 4, hold the or.t Mac.
In respect to activity. closed only "
NJ % cant bioher tban vssterday.
vbi,. ST panl .cored , NOT advance ofN q
cant and q a and ouincv which vas excsn.
tionally strong Yesterday. closed fraction
~ 1917
ally lower. Speculative fAvorites that were
exceptionally strong were Chicago Gas. Read
ing. Louisville and Nashville. Manhattan Rail-
way and Rock Island. Bay state Gas was
a feature, on rumors that negotiations
arc pending for the discontinuance of the
-
receivership litigation and the transfer OF tho
control of the company to capitalists who virtu-
ally own the Rrookline Gas Companv Tho
best obtainable is thatthese rumors
foreshadow events that are likely to occur in
the near future.