The times. [volume] (Richmond, Va.) 1890-1903, 1899-10-15
DEALINGS IN
SMALL CALIBRE
Yesterdays Market a Contest Be-
tween Professional Operators.
MOST GAINS WERE WIPED OUT
Ar,cr Publication OF the Bank state
mcnt-Thc Decrease in The Reserve
Was "A DisappOintmcnt-Bond
Prices Are Lower.

NEW YORK. oct 1.-THE days stock
market reflected nothing but contest
between professional operators ana thoso
OF not very large cahbfe. IheIe Wa
small buying orders at the opening LOT
fho London account on rumOfs OF re-
verse for the Beers az the hands OF me
British IN Natal which seemed 10 helP
vriccs 10 move upward. The bear CAM
baign again 81 Brooklyn Transit was sue
ccssfully prosecuted. and the stock was
al one time f0rdcd "a under last night.
METROPOLITAN and Manhattan seemed 10
eympathize. but recovered theiI uecune
with the final rally OF Is IN Brooklyn
Transit. Pullman has added more
p0iuts 10 it's price, and Great Northern
preferred 3i& Gains were pretty sener-
ally wiped out after the pubiicauoh on
he bank statement but covering by the
bears brought some prices Iiacuoh
above last night again.
The decrease of over a million in the
cash reserves of the banks was disap-
pointment. as experts had figured on an
Increase OF about that much. Had 10 not
been for a larger loan contraction than
had been looked for. the surplus reserves
would have been wiped out Extra ols-
burscmcnts ~ the Government during
the week on account of the deficit or
the Postofficc Department and on ac-
count of pensions had Offset the Dram
on account of revenue payments, so lhal
The banks have lost nothing 10 tne SUI
Treasury on routine operations Inns ~
moi fAnNflfN To commune ti'fNN ''-tf
not much confidence is felt that the Gov
eminent interest TO be paid on MONDAY
IN anticipation of its maturity VII aFtH
10 offset the drain into the SUD- Ietsul
on account OF the surplus OF revenues
Neither Is there any hope OF duphcat-
iug this week. receipts on eOlu, "ii!,n
amounted 10 rather over $tVpVuV WIN
foreign gold. "a small amount IRON Cuod
and some from san Francisco Inc "ut-
look is for further depletion OF bank cash
and additional contraction or loans
The tendency OF prices of bonds during
the week has been downward. BUSINESS
has been fairly active and well dlstrlD-
uted. United States Us advanced = ana
The Old AS registered Is. The IS declined
y In the bid price oo, ,oo
NTbe total sales Of stocks were 23l 600
shares, including Atchison preferred
520O: Chicago. Burlington and quincy,
500: Louisville and Nashville, 600;
ST Paul. 800: Southern Pacinc $500
American Tobacco. 1850; Sugar, 1850;
United States Leather, $3.50.
MONEY AND EXCHANGE on
call easy an s per cent; prime mercantile
paper. 5iLgG per cent. Sterling exchange
steady, with actual business in bankers
bins al 81 s6as04sG4 for demand and at
81 S231d4 s2is for sixty days. posted rates,
S483i5 and Sfs1l3. commercial DIS,
S4Sll4 Silver certificates, Joi4n39i par
silver. 5pk. Mexican dollars. A. STATE
bonds inactive. railroad bonds irregular
Governments ilrmcr
BANK C--ATEMENT-Tho weekly bank
statement shows the following changes;
Surplus reserve. increase ......-4 'all1O
Loans, decrease ........ ..'.''- ns-'.. W,
gpeci0 .......... .............. 1Hl4tVp
Legal tenders. Increase ........ 5000
Deposits. decrease .......-..... 6,-l-o.p
Circulation increase ............ "-s-VV
The banks now hold S111I3jO in excess
Of the legal requirements.