The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-11-06
FINANCIAL and COMMERCIAL.
SATURDAY, Nov. 8.

SATURDAY. Nov. 3.
met loss Of over $4,000. 900 in lawful money
shown by the Associated Banks in their state
. mont OF averages published this day was a
surprise to- every one who follows the known
movements of money. This change may DO
explained to an extent by the fact that
the Government receipts are temporarily
exceeding It's disbursements. Besides. II Is
possible that the proceeds OF the last Govern
mont bond sails. which we're left with special
depositary banks. are gradually being covered
into the Treasury. A further largo increase In
The loans is doubtless due 10 a considerable
extent to foreign borrowings here on long eK-
change. The aggregate deposits are logi-
cally affected by the difference between the
two changes noted above. and the net result
brings the surplus reserve down to sic, 000,0 900
The statement had no effect upon the almost
nominal speculation In stocks. Ofncial con-
hrmation Of an adjustment OF the differences
between Great Britain and France regarding
African territory and a further advance In the
price OF consols made tho bulls moro hopeful.
but they were manifestly lndisposed TO In
crease their ventures on the eve OF the cleo
tionA. There was moderate trading in Sugar Re-
nninR. American Tobacco. st. Paul common and
Brooklyn Rapid Transit. but the remainder Of
the list was very nearly neglected. Tho only
noteworthy net huctuation was an advance OF
more than 2 points In American Tobacco. That
stock broke sharply In the early dealings, but
a. support was promptly given 1t rallied
quickly to the extent OF moro than 3 points
from the lowest price.
The dealings in stocks this week were about
20 Y cent less than during the previous week.
and the market as a whole has been Irregular.
The only noteworthy net fluctuations have
been In stocks subject TO specific influences,
notably Sugar Refining, American Tobacco.
Delaware and Hudson. Louisville and Nash
VILE. Metropolitan Street Railway and Brooklyn
Rapid Transit. Considering the waiting char
acter ofthe market. prices have held remark
ably we'll. though efforts have been made'from
time to time to force liquidation and thus es-
tablish q lower level. The dealings in bonds
are fully up to last weeks total. owing to the
phenomenal demand for investment issues
during the last two days. A logical inference
from the activity in bonds at advancing prices
10 that investors feel confident OF the outcome
OF the elections. and are further influenced by
the generally satisfactory character Of the bust
ness OF the country.
As compared with the final prices OF last Sat-
urday.t the majority of stocks are higher. The
moro important net advances are In Metro
politan Street Railway. Ak a cent; Amer
lean Sugar Refining and Federal Steel
preferred. 2 each; Louisville and Nash
Vile. TX; American Tobacco. TX; Brook
Ign Rapid Transit. ~: Manhattan Railway.
y: st. Paul and Southern Railway pro-
ferred. y each, and Denver and Rio Grande pre-
ferred. 1 y cent. The noteworthy declines are
in Delaware and Hudson. ~ y cent. American
Cotton Oil. y; Northern Pacific and United
States Rubber. \ each; Reading LIST preferred
and Wabash preferred. y each. and American
Spirits. y y cont.
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