The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1900-10-10
Ftnauctal.
I'll II STOCK MARK EFT.
Attention Fixed ON the Problems of the
international Money Markets.

Attention Fixed ON the Problems of the
international Money Markets.
New York, Oct 9-The attention of
the financial and speculative world re-
manned fixed to-day ON the problems of
| the interna tional money markets. All
| the worlds great money centers were
kept under careful scrutiny to detect
developments which might throw light
upon the outcome Of the contest, now
inaugurated, for the possession of the
available money supply. The engage
| ment Of ESQ 900 in gold and its with
drawal from the Bank of England for
shipment to New York marked the be-
ginning of the contest and confirmed
yesterdays estimates that sterling ex-
change at New York had fallen within
the margin of profit for gold imports.
The withdrawal promptly precipitated
an advance in the Bank of England $
price Of gold, gold bars and American
eagles both being marked up IL penny
an ounce. The margin of profit on i'm
ports to New York was thus wiped out.
Continental exchange both on Berlin
and Paris weakened notably to-day
on account of the heavy continental de-
mand for cotton buying from that
source having superseded for the time
being the English demand and in the
afternoon, 1t was announced that 1900
600 francs had been engaged in Paris
for import to New York. 1t is taken
for granted that the Bank Of France
will interpose an obstacle to the drain
inaugurated to-day upon the Paris mar
ket gold supply AS for Berlin, to-day's
weekly statement of the Imperial bank
shows that it has lost nearly 50 900, 900
In cash during the week, In spite of
receipts Of gold from London, although
1t has contracted above half of the
enormous note issue of the previous
week and has recalled nearly SIS GOO, 900
of last weeks loan expansion, which
exceeded 25,000,000. 1t is clearly evil
dent, therefore, that New York will
have to make more urgent call to
effect movement hither of gold on any
considerable scale. Meantime the local
money market continued to harden and
the proportion of call loans placed at
3 1-2 per cent. was considerably greater
than yesterday To-days transfers of
currency to the interior through the
sub-treasury again reached three-quar-
ters Of a million dollars and the banks
have lost to that institution since Fri
day $2,275000
Speculative action was considerably
paralyzed, pending the solution of these
money market perplexltles and the
movement of prices was narrow and
unimportant. There was a notable
movement in the iron and steel group,
pretty much all the members of the
group coming into the movement as
the day progressed, with advances, of
from l to over points. This move
ment and the announcements of the en-
gagement of gold in Paris served to
overcome some Of the early depression
Strength In the local traction group
was also factor, But the market
closed dull and Irregular with few net
changes of Importance.
The movement in the bond market
was narrow and irregular. Total sales,
par value, S6S0.00O
United States refunding twos, the
threes registered and new tours declined
Ia per cent. on the last call.
NEF FORK STOCK M1RKET.
Opening, Highest, Lowest Quotation
On the New York Stock Exchange, reported
street, New Haven.