The times. [volume] (Richmond, Va.) 1890-1903, 1900-10-07
stool
NAMED STE ADY'
In Spite of Unexpectedly Heavy De-
clines in Banks Cash Reserves.
LARGE SPECTATORS HELD :ALOOF
The Small Class OF Traders offered
Prices Down After the Appear
ance OF She statcmcn,-Eond
Prices Moved Irregnlarly.
tgy Associated Press.)

tBy Associated Prcss.)
NEW YORK, OCT. 6.-Attention cen
tereo on the pank statement on the Stoch
Exchange to-day. 5uI the very heavy
oecIi'le ia the cash reserves OF the banks
seemed TO nave little eNect on specnia-
tive sentiment beyond a nutter amongst
the sInaner class o. room traders, N VINO
oiere4 prices Gown after the StateLteiis.
appeared. The large spectators, VIM
have peen buinng tne market during me
Week, seemed content TO stand by anu
watcn The effect oil the statement Oh
general speculative SflImnt-
al SteaolnesS OF the market under Tue
showing by the banks seems surprising
@nen II As duiy considered that great
stress has been laid by spectators loi
Tie rise on Inc OFFSETS 10 the in1efioi
GRAIN currency which We're expected
to mitigate the cash loss. ESen yestei.
day Wticii the movement 10 the interior
w.1S known 10 have been large the niaAi-
mum estimate OF the decune IN casi
aiu not reach Sb,UU0,VUO. The large pay
mcnt OF Pacitlc gold drafts late iasL
week was expected 10 moderate lnat
showing, unuer Inc system Oh conpuld-
uonS by daliy averages, put instead Oh
That the loss OF cash Tor the week mas
TUE Up 10 SS,oti.iuu, and the remaining
surplus OF the banks is cut III nail.
Inc interior demand for currency mas
been larger than Tor any previous Week
OF Inc season, and IN excess OF any single
week iai season last StdI-
Inc extraordinary cotton movement is
undoubtedly =reSponSipie Tor The showing.
Ihe equanlmlty OF spectators in tace
OF the bank statement must be due to
The conviction that heavy movement
OF cotton TO he seaboard inSures q con-
tinuance OF the export movement and
The making OF commercial exchange.
With the strain on the New York money
market 10 harden interest rates, it is
argued that the continued foreign buy
ing of cotton IS likely 10 necessitate ship
ments OF gold to this country, probably
the coming week. On the other hand,
London must meet an instalment on the
khaki loan subscription the coming week,
ana on the following Monday a % per.
cent. instalment on the British EXchequer.
bond issue, of which over one-half, or
about 100000, is due from American
subscribers.
The requirement thus created upon the
London money market and the New York
sterling exchange market must be bal
anced against the supply of cotton bills.
There has been only slight increase
in bond business, and prices have moved
irregularly. United States new As de-
clined Is per cent. on call since last
The The total sales of stocks today were
l.oi, 200 shares.
MONEY AND EXCHANGE.-Money on
call steady at ~ per cent; prime mer-
exchange steady. with actual business in
bankers bills al $4.S45s for demand and
S4.SI35@4 Sl54 for sixty days; posted rates.
81 e a. t =, - ;1,-ar
80 - -, ,..Z ,:tT 16,cSiI- aJsysoon aoI1arS
60. - -. =, -, ;; I,a,,IS
a2s state oon9S lr bonG. iis1au Doos
II eS Hi'i w = tt-t "o-i0'
RANK STsTE,NrENrr- The
ai-i,- 49,, fIas of tho assnrTared HanjIs
SHOWS:
Loans, ss1e,s1o.7oo. a decrease ooo
of -......... 661, 800
Deposits, $oiS, 71oSOo, de-
crease of i,4?o,0UV
Circulation. ,u. 10, 500, an in
], gal tenders. So, l4t,..oo. a, de-
crease of . SOD 400
Speeie, slt;3. 4V4. 800. a decrease
of .....-. oio2,ooo
Total reserve. S225, ga, 600, de-
crease OF .....-..--.----.-.--- s,o!a'tp
Reserve required, S2l@,"e-,4oc, d o-,ooo
S,1,.ni,1s reserve. ST. 241 900, a
dscre.sa of 600, 100
cTorE QUOTATIONS
c,or;n, o;3
,c1r
AtchiSon -.........--- --ooS4
Atchfson pfd $500. .-..---.--. .o2s
Baltimore and ONO ----.--....... Iii2
Canadian Pacific -- 20 S112
CANADA SoEtiiSiii 1890 ,Sth
Ches. ana ONO -. 11sf
chicago Great Sesteih 1oG
chi, Bur ana quincy .5T,k
Chi, Ind ana iI---. e5 "a
Chi and NorthWestern D. So i Io6I