The times. [volume] (Richmond, Va.) 1890-1903, 1899-10-12
ANOTHER FLAT
STOCK MARKET
Yesterdays Upward Squirt Caused by
Covering Of Shorts.
THE MONEY MARKET WAS EASIER
In Consequence of the Treasury An
nonncement of Intention TO Antici-
nate the Years Invertebrates
for Call Fell Co 3 Per Cent.

NEW YORK. oct 1.-THE stock mar
kct fell fat again to-day The dulness
made 10 evident that yesterdays upward
spurt was due almost entirely TO cover
ing BY shorts, who to-day were inclined
to regret their precipitation. The Lon
don market seemed 10 feel rather encour-
aged over the termination of the unc-r-
tainty and operators there inclined 10
hid m the prices of some OF the Amcri-
can stocks IN sympathy with the advance
of the kanir stocks. The rise was short
lived on this side and dragging tendency
Of prices was not much changed At any
time until the close Of the market at
prices below last nights level all around.
The money market was easier. The
causes Of this were quite apparent from
the action of the Treasury Department
Joe ocring TO anticipate the Government
interest payments for the remainder OF
the fiscal year. For one thing. the sub
Treasury figured at the clearing house
again today as a debtor for over mil
lion. Government disbursements are run
ming quite heavy, due in large part 10
pension payments. There was "a sum OF
gold received from Havana to-day on ac-
count of the postal revenue and small
additional shipment Of French gold was
. received.
The rate for call money ruled for the
greater amount OF loans az Z 10 ; per
cent. and fell 10 per cent. in the late
dealings. Money continues to 90 out 10
the interior i'm large volume. Not so
cheerful "a view was taken Of the effect
OF the Treasury Departments action Win
regard 90 anticipated interest Under the
terms OF the department order, me
amount OF interest TO be paid out TINS
week IS only about 100000 and that
not until FRIDAY OF course only part OF
70 is payable IN New York, and precedent
shows that a small part Of the holder
are likely 10 present their claims on mat
dav. The next disbursement comes op
October ODD The requirement Tor the
presentation Of registered bonds for IN
dorsemcnt before payment Us made is also
expected 10 operate against a general ac-
ceptance Of the interest. The action Of
the Treasury Department nevertheless,
has had the effect of allaying apprehen-
sion in Wall street but 10 is perceived
that whatever relief is afforded is rot
likely 10 furnish "A supply OF surplus FUNDS
for the benefit Of stock spectators.
The business in bonds was very well
distributed and tho tendency Of prices
was downward Total sales. par value
S2OSJ.O0O United States new As coupon
advanced * and do. registered = in the
bid price
The total sales Of stocks to-day were
oG9 700 shares, including Atchison pre-
ferred. 13 $50; Chicago. burlington and
Quincy 1904. -, c.. G. and ST. Louis.
g 500: Louisville and Nashville, 12j6o;
St Paul. 5000: Southern Pacific. 1914;
American Tobacco. 12.7JO; Brooklyn
Rapid Transit. 37165; Federal Steel, H.
015; Sugar, 2s691.
MONEY AND EXCHANGE.-Mone on
call easy al gas per cent; last loan at
per cent; prime mercantile paper, jl4H6
per cent Sterling exchange firm with
actual business i'm bankers bills at S4.SG4
n S8ib for demand and at S4.S2u 4S2A
for sixty days: posted rates, SfS3 and
sls70f.S1is. commercial bills, S4Sl sill
Mexican dollars. a. Government bonds
strong: state bonds weak; railroad bonds
weak