The times. [volume] (Richmond, Va.) 1890-1903, 1897-10-10

lN.S,o ssh the london money market
=, tnds md 3-16 per cent 9uppHn. h
- efican two and thfee-months ri,.g'
1ncb ,dcd Oncring rates ON DIS 10 ood M
W. A Canadian 2i3 per cent ioaH 20
100, 90 sterling is announced, "''N
mininu. issue price OF ~ per cent
Inc ~, cmont OF the Associated bailNs
~, w y ork city FOR the week e,tton
october gu shows q il"s, i ,oI ever
IN ,ne''i ,'o,, ID ollars. AN OF which appaiel ~
~ ffs gone q o the interior. NY ln
So eoerne 20 reflect actuot 9 $500 - ~,
l,,i.,.,,.,t tho 'atcmcnt is complete 10y
1880. 7i,,.fr,crf of october scttiemtitts,
mitch have bee gong on uu' '"e 80
,reck INC deere use pm ioats u 1incc ,be
1rihuted 10 stock ll4 .i w 49,. and fine
t'eI H' ,s toen mon e active OF late, aho
c-+ deal OF new business nas 49, 4,
g. Ia those lines ONO Vl wy m ,,o.,,s,,
frrt have Withdraw tnS.' 80 norcan-
I9l 10 l' The rosut ,tion In me iodn
ttcw therefore shows i.ltnSt ~ p,''
rsffv "a better business c4ilu.s ,n,coontod
ne ~. ,e to- I've maximum. ana
tobirr VANTAGE on them on lhS Ine-
orv that thr heavy gold iIlPot IN ne
vent anything Ike a s. 80 a. tho re-
market Tho heavy deci 49, 4. A., "a no
l',.-, NO. t..looked for, but ~ Is 70 ~
ot..-,,ed tl.,f snecie rcceilpts are an taDy
SUMMING Sic heavy dram ~ ,, 49, Tbe
1erfai fo the interior hON,ssln -, 'ro,einte
lin i'm cold was made UP li"iit - .'c,sco
SAN Az oirt and f-Om san frahclsCo,
"a counteractcd in part nv loSs ,r,-o 90
ferl.rs which the bank tepoi erorn I'm
cie engagement for 81 'pii9nSoooe T'nrfher
losses viii be roplenisltA .as'It, ""0 me
outlook cor tInues much f,sSndS is now
international shifting or While there
,f.ortinr out automatically. a. oct
Iii ia no. really cheap mone9t ~ r.. -
difficuit 10 sec how there .bis ,,esr
rrfual strineency 40 any llins - 6e,,re
A. the gold due 20 arrive VIII hS.' LID
~ - IL s,1rnrising III o further loss III '"o
reserve Is noted az that liiHe
,rAo hoors renewed their raid on inc
arlset fo such good account NlaV linz
stocks have ESCAPED win ie.s l,,-s -i YES
net loss The course OK tIc - ,rllDess
,eiH"s d. 'r,, In euppOea that the pee.
--.roirn bod come 10 an END, Rnu. a.
tbe market would probably SINK md OF
animation for n time. Inc usual was
tIc 40 - efiffon nrices. Quite the On-
,irv occurred Prices did lnpioHc n
traction In the FIRST hour on a 49, 800 do .
volume of dealings bul Mc&Na,eo5 tbe
ior.ed I'M chicago Gas and checked wy
go ,rhe room traders soon aIteiWdi u'
detected selling by houses win w s,9' ,,,t,
,on connections and bears seizeu ui"a
This as proof OF INSIDE lnlo ite a., wash
rnveterious something impending III 'M,oi,,es
fncfou that might play havoc WIN 49, -
when 81 becomes known. Nha0 5StttgS1need
FERROUS something was was ny r.iti,-..
frhe stock market Is pecullaliy No
10 ordinations from Washington az III ~
time. owing 10 a conNlcuon j, lilal} -, the
that il BIS only question on lilio "-,,,,t,,re
Cuban question shal i,"i Ia ~ trader
s,-th spain Much stress la iau ~! c a.
sr etotks ON the pending decision vl Wy
supreme Court upon the Ntpi9'SH ~, $50
MUM freight rates case anu 49, Tho
against tine JOINT iailic .r...'ete,tod law eup-
TnarF4t was evidently uupioieclc1 IVY I,rrt
--orflrr orders, and the aggressive -
se.iina bv tine boilers led 70 raeia u,
clues in lght tfanaec 'ioii i r.I ~
stacks fin tine list snow sdl,s "a
T0uIn Thrsc ar1 Chic go Gas Dit'
lneton ChiC8so cos. 'mai' 70
IAN. Aissomi Pacific and Bum
,ouericuous i'm the decline. wi
Gas nuctuated I'm iia cn'fa. -eii
brcaknc gis points az 81 lin-
fre with "a recovery OF Io-"'' p,
were SLIGHT reCOveriea ln sone
.f the close. but most $40 Aa t...'u
a. f',,esf the prslailug tone heiha l.i
Sypqk Probably "a SUPERFICIAL view va va ,''~
weekly statement OF the NcW ~ A. In,
fus-houso banks had some go The
soLdav'e selling movement OF alochs'
professional trader usually accepts a uS S-
crease boz the surplus reserve az So, ~
edmonton 10 SELL To-day decI d1 %
.Tt,,, of g., surprise i'm view OF the ialheI
.fr.nuoue efforts by the banks in me lase
-,-o weeks TO prevent further shllllhabv
tr thair surplus But the small uecIease
a. t--rq reported this week S262,5 lnul-
rates that the banking duthoIlteS VIZ"
with eQuanimity the dec!lhe ia , tnrlr,.th
serve surplus, confident m the - -. 80, ~ IN
.riuer force If the S6.3JOVO1 m Soil nov iii
r.,et 49, New York from England anu
trerce The gold arrivals OF the wen
reelected in ana increase III speCiV "a AZ
800 hut are more thdn ohsct ~ 10, ~ ny.
erease i'm legal tenders OF S4,ov- 'Svv' ~, lr'
dernand for legal tenders is very 49, ~,
and Inc best Efforts OF the uahh9 en- 'i ~
limited States Treasury are AoI V9u"' ~
fullv providing "a supply. 49, ,.oor
No NV York sub-IreasUry has peer
ohiired To- refuse 20 supply lesat toliuS
in return for gold, except IoI te.v5 49,
transfer of currency TO otncl SUI Il - e,
uries. The New YORK ua'H 80 Nearing.
settling their balances az lne eieNi ne
house during the week m gold 70 a ~ q,
extent, and Che pfedicuuh la n,au tT eoor
the payments OF customs vuDo ~ -
be made i'm gold Chicago banks al9 ~,
-.ortrd also 10 be presenting gold ~ wy
eun- Treasury thcre, with Ieqvc9S a.
leral tenders. and the Treasury az MSsn 81
inEton is beginning 10 I'M" l.Se'a i,nor
gs.eed 10 supply All these ueHlanu9 uPg ~
b since September nth the decrease II
l.eaf tender fn lhe New York banks ie
serve mas amounted TO 81 39l, a3v, any i
enerie has Increased nearly St'ovO,Vvv II
10 la-rr TIME Notwithstanding large eA
change of specie for legal tenders AZ VIZ
eub-Treasury. The ample propor uons, -
rno country gold reserve mas uoup.i'1
rad much to DO In deteIrng the linpVl
v,ovemenf of gold. which was larry lhdu
auratcd yesterday. Tho 3tilenlhb OF ~
change rates consequent upon the Pun
,fare of bills against these lml "tls A
relieved 60 Doe bat temporary, ana th'
c,cr,eut Of gold is expected 20 cortiuu
icsdIlv for some time TO come. ihc Ct
49, az fhe money market OF the gol'
1,,roqornents has been 20 impart a dis
,trltf- castor tone. time money declining
20 nor cent. for sixty days ana 10
nor cent. for four months ond lonse
tcriode Outside buyers or commercial
,aner have been ln the New 4ork MARIE
STrire he week ANA though the seppl
~ naper has been no Increasing Noiom'
retes have been easier, ana are AT 73t
80. cent for prime grades.
srho stock market has been singular
unafecfed by tho beginning or me eoi
r,overrcnt which almost always mas
fnafked sentimental eject on prices. ~
resistlace of tho market 10 the erect ,
me heavy imp in Chicago t'as on ihut'
nav and the hardening tendency ON TT
dav on the large sipments OF boiu an
rounced on that day led 90 the hupp}s
Won that The reaction was az an ~
ana that "a rally would ems ne. bel ~
DAVIS market has completely behta w
rsnectatlon. The market has oeth Gu
ana professional am this week, sensdl,Vi'
movements OF special STOCK ialihb 10 H1N
anv marked effect on the general ma
80 Thcee Included jump Of seVe
points Ben Manhattan on Monday on
- rBorfa tho elunp iu flicag