The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-09-29
THE WORLDS MARKETS
Daily Record of Commercial and
Financial Transactions.
NEW YORK STOCK REPORT
Digest OF Exchange News-Mining Stocks
Metal Quotations-Woo Prices and
Movements-Grain and Pro-
duce-Revew of Trade.

New York, Sept 2S.-The market for Sc
curties to-day was small and tame af-
fair by contrast with the violent fiuctu-
atoms of the early period of the money
stringency. The rate for call money vi
brated between IL and IA per cent. during
the period of active demand. but after
that was satisfied fell by quick stages to
per cent. The needs of borrowers over
the three ensuing holidays were satisfied
in large part by anticipation of pressure
for accommodation to-day, and conse-
auently to-day's higher rate did not reach
within per cent of yesterday.
The bank statement was unfavorable be-
yond all expectations. Although the out
go to the sub-treasury was reduced to
ST. 1856, COO in four days of business, the loss
eS of cash to the interior brought the to-
tai reduction in the reserve up to S4,54o,-
800. In spite of net reduction in loans
Of s7,752. 700, the meager surplus reserve
was still further reduced $1,299,250. 1t is
obvious that loans made in the last few
days on the stock exchange do not figure
largely in this showing and the accommo-
dations were probably secured by dealers
In money who had supplied themselves
time loans some time ago and who put
their supplies out again at the profitable
ruling rates in place of the loans called by
the banks to meet the October settle
inent
The showing of the bank statement and
the continued tightness of money were
offset by the additional engagements of
gold for import and the drop in the rate
for sterling exchange to very nearly the
regular import rate. The sentiment on
the stock exchange was that further relief
to the money market from this source is
now available, and that a regular move
ment of gold is fairly inaugurated. No
pressure of liquidation was manifest and
present holders of stock evidently feel
themselves strong enough to await a more
favorable turn of affairs. The confidence
in further gold imports was emphasized
by the failure of the Bank of England to
advance it's official discount rate, notwith-
standing the fact that the principal de-
mand for money in London is now thrown
upon the central institution by reason
of the high prevailing private rate of
discount
A fall in sterling exchange in response
to the former discounts there suggested
additional pressure in London for gold
from that source alone. With gold NOV
ing to New York. some measure of protec-
ton by the bank at an early date may
be accepted as a certainty. The. interior
money markets of this country gave no
indca ton of relaxation of pressure on
New York for money. Some relief is an
ticipated next week from dividend and in
terest disbursements and from the money
to be left in the city by visitors to the
Dewey celebration. Except for recovery
of 312 points in Tennessee Coal, gains of
10 and 2 points in the st. Louis South
western stocks and wide movements in a
few usually inactive stocks, to-day's mar
liet was without notable incident.
The total dealings fell to the level Of
the midsummer period of dizziness. Deal
ings in bonds were a small scale and
price changes were mixed. Total sales,
par value. 1892. 900.
U. S. new As declined Is per cent. in the
bid price,