The times. [volume] (Richmond, Va.) 1890-1903, 1900-10-11

International Exchange and Rates for
Foreign Money MonopoIize Attention
PRICES MOVED lRREGULARLY'
Dealings We're Small and Net Changes
Uninportan,, but Nearly All of
Them We're Losers Bond
Market Was Dull.
fEr Associated Press

NEW YORK, Oct 10.-Actvity in inc
stock market was very much behult lIo+
by the pefpieSit.es in the money ma So
outlook. International eXcnanse anu tto
rates for foreign money attracted mo-
attention than did news OF dolhesttS
events, except as they affected some ~.
ciai properties What small lntcfesl 10y ~
was IN stocks was mostly centereo OF ZIG
Specialt!es. and the movement OF prices
was irregular. Peoples Gas was rather
depressed on the news OF a genera I ssuo
OF tnjunctions 10 prevent the c0i.ii'a a-.
from charging more than aGc- lot sas
while that rate was accorded 10 any "
Its customers.
Sugar and Tennessee Coal We're aiso
forced down over point on raa at,,. 49,
selling. Manhattan, on the contrary,
showed a continuance OF ITS IeceLI i
strength during the early dealings. anu
brooklyn Transit was in some deElailu-
American Tin Plate, in the metal tyo2Id,
rose over q point and Hooking valley
as much. Except for the iast-na11lea
stock these advances were all Wlped out
the late reaction
The heaviness of the general list became
marked after only a brief resistance
The movement Of prices was very mar
row and dealing small. so that the net
changes are not important, but pracu-
ca1ly all OF them are losses The large
decrease III earnings of St Paul for the
first week in October was a depressing
factor. More loans Were called to-day,
and the rate vas marked up to per
could be found This was the dominant
Influence in the market. and the renewed
fall in sterling exchange, which carried
the rate down to the newell level of gold
imports. seemed to have little influence
in offsetting The effect of the higher
money rate
The Sub-Treasury transferred half a
million dollars to-day to the INTERIOR
and drafts paid by that Institution dur
ing the week on account of gold depos-
tied at Pacific Coast points are quite
insignificant.
Al the present rate of depletion of New
York bank reserves. il is evident that
next Saturdays statement viii show the
surplus almost oioliterated unless il shall
be offset by a contraction of loans. An
other 100000 was engaged in London to-
day for shipment to New York. but the
discount rates promptly responded with
advances extending TO y per cent. and
il is generally believed that the Bank
OF England Will advance the official rate
tomorrow. SIS the private rate has now
gone above It.
ne reported panic on the Vienna
Beurse yesterday gives an unpleasant i'm
preston. To-Gay's violent break in the
price OF cotton and the unexpectedly faV-
orabie character OF the Government
monthly report on cotton gave rise to the
further question of what effect these
developments may have on the move
Tnent of cotton to market, which is now
the dominating influence in both the
money and foreign exchange markets.
mere were llflii ShplS III me poIiu mar :
llet but business was very dull. Total
sales par value. $50. 600. United States
coupon = and old IS declined II and new
! s advanced x per cent. on the last call.
The total sales OF stocks to-day were
1860 shares.
MONEY. AND EICHANGi5.-Money on
call fr11lcr ar -fH4 per cent: last loan at
: per cent: prime mercantile paper, 5d6
per cent. Sterling exchange weak. with
actual business in bankers bills at Si.S33s
for demand and al $4.T@zS for sixty DAYS;
posted rates s4.SIGAS11a and 81. $50
4.e,,.2: commercial bills. 81. 191AI4. so. Sill
ve~ certificates. G$5S16iS:: bar silver. So ;
Mexican dollars. J9l5. Government bones
irregular: State bonds weak; railroad