The times. [volume] (Richmond, Va.) 1890-1903, 1898-09-13
THE MARKET
STILL SELLING.
Continued Liquidation Entirely Wiped
Out Saturdays RecOverles.
BOND MARKET WAS DULL ALSO.
Svmpathy with Stocks Caused Weak
ncss-Thc Money Market Was
Somewhat Easier -- Sub-Trcas-
ury StilI Drains the Banks.

NEW YORK. Sept. l2.-Therc was
continuation OF apparently urgent honi-
dation on the stock exchange this morn
INK. which speedily wiped cut tho recover
les Of Saturday and carried prices sharp
lv below the lowest level OF lass ldty
for nearly al standard stocks. but tNr
pressure Of liquidation seemed 10 pe re-
Icvcd by noon, and there was olApV-
sIti0n 90 pick up stocks quietly ana 20 az
cord eunG0rt to weak spots. notably 81
Paul The dealing m odd lots from tne
standard dividend payers also p' a"iS
quite "a feature. indicating suppy, ut
money for Investment, observation-disclosures
tIc stiffness OF inc local call money MAJ
kot Weakness in some or the lhduslI4as
fnerinitics caused the market 70 ease "
again before the close. but l"s' lilC'S w
sno railroads We're IN many 'oegH az
ehqrp rCc0vcrios from the lowest Never
Jess. marked net losses resulted from w
days trading. owing TO me severity ol
the pressure early iu the DAY. ntl, wa" Wa,
continued apprehension over the outivvN
Tor money bat the government crop re-
port and the snow storms ~ the W.
were also material Factors. ihtl' We.
mo- actual development 90 account Tot n
decline OF apprehension over lne HVI.g
market outlook. and how FAR TINS iteilii~
was connected with "a reported com rtNCe
of leading bankers Is not certain. ntIo
was "a growth OF q conNl,,ion .i ,.,,i,, ~
IS large available surplus supply OF
money at least Oifeide of New ofk Guy.
Money rates are easy az interior polttoI
and there is even buying or cpIhln'I.,ia l
paper ln me New, oIh NM ,ieo fbof n
banks. III is quite possible aiho llt o., %"
iarger amount of the new government " -
fnfrhf be made available both Tot puI-
poses of circulation and as security Io,
government deposits in the banks lhdl
has vet been the ease. I'm the event OF amy
real sfrlugcucy of money. NuF.
the drain of cash from me banks 70 'nV
eib-treaeury On account OF supaci ipivH7
81. ...N NH.H
urv was even creditor AT the cledIlN1
house to-day on account OF am aDc"iii.i
ton OF drafts from interior defo7 i''ls
banks In which government deposits nave
ovrrcdod their security by reason OF
heavy internal revenue COLLECTIONS hDLc
were rumors am day Of ensaeemthta on
gold for import. but none OF these were
confirmed The easier tone OF the money
,,arFcf and the consequent recovery m
the stock market were appart MY que TO
other causes The large foreign Qemah"
for wheat and the evidence OF uhltIiH nc
strength Boo the wheat market an idNoI OF
the bcarish crop report had some inilu-
Tho bond market was dull and showed
some weakness in sNmpatnN Win Sto,5h3,.
Total sales 81 $4,000. United states %ds
sdvanccd j. and the old As registered
The total sales of stocks to-day were
$40 $40 shares including Atcnlson p>,-''
4 .99e Manhattan. IN $50: Met. Traction,
1g3f2. Northern facinh. l5to'. 90. itu'
a-tOo- Rork island. TO- $50. Union Paoiuc,
12105. ST. Paul. A.3lS. Union Pacific Pld.
IG 500. American Tobacco, o6'oo4i feopie
Gas. 1O. $50. Suagr. 2j.4S4.
MONEY AND TXCUANGE.-Money on
cali frm- 304 per cent: last loan 3 per
cent. prime mercantile paper 4R2 per
rarf sterling exchange heavy. with ac-
ual business in bankers bills an 4.ooi't1
ASH for demand and az go -.
f,r eivfv DAYS. posted rates. 4N5hoio1ig,
commercial bills. AS1iaof.s5. Bar silver
ra.. Mexican dollars. 1890 Government