The times. [volume] (Richmond, Va.) 1890-1903, 1900-10-14
STOCK MARKET
REMAINS FIRM
A Good Bank Statement Carried
Prices Upward.
CALL MONEY is EASIER.
Gold Shipments from Europe Are
Anticipated in The Expected
Reserves Next Week. and
Also Pension Payments
tBy Assoc.-.eo ,.ress.)

NEW YORK, Oct 1.-THE undertone
OF The STOCK market continued flfin "
day and the appearance OF the Dam
statement was signal for pp!!Ils
movement which carried prices up sharp
Iy, making the closing iirIn at the ,oF.
Net gains in a few instances are a point.
Peoples Gas was the feature. and the
continued demand from the short interest,"
carried It up ~, with q relapse OF only
q slight fraction.
The ease of call money yesterday had
prepared the public Tor some 1nodiiEiiis
factor 10 the heavy drain OF casn 10 .iss
interior. That movement Itself IS 1. Ivy
reflected in the bank statement, as the
heavy shipments towards the END OF tie
week counted for little in making up tiie
loan contraction, which served 10 -. oi idl
down The reserve requirements S3,9o,,-
525, thus reducing the inroad u;seh%tiie
surplus 10 S1,11I.9I
The room traders We're disposed 10 as
count at once favoraRtie balk 81, sIa1 :;
1nent for next week. as the Ss,'yye.poo III
gold coming from Europe viii inquire IN
the reserves next week Some receipts
OF kipnGfEe gold are expected next week,
Treasury are looked TO for some rellei-
The buiiiSh traders also argued that the
advance III interior exchange on New
York might be the harblnsSr OF q 1aiihS
off in the interior demand for currency:
but this view did not ind countenance
in banking circles.
Aside from these, the bulletins oil pro-
fessional SPECTATORS, there was sub
stantial growth OF a sense OF security
IN financial circles by reason q me os-
clared policy of the Bank OF France TO
furnish export gold for The relief OF
any threatened monetary crisis. Inc an,
nouncernent Of this pollcy by an o ,ll' =:
of the bank attracted wider attenhoh II!
Wall Street than any other ancideht OF
the ta.- The Bank of France now pos.
sesses the largest single accumulation OF
gold in the world. It's holdings stand at
S451 $50. the largest in ITS history,
compared with the $i44, ,s5 IN the
tinted States Treasury. which includes
lot in lasAY
for redemption purposes The french IN
ss;ituticn has accunluiated THIS vast hold,
ing it has been suppoSeN as il safeguard
against a reaction following the tar1s
Exposition. and also. il was rumored, 10
float Russian Joan. mat ALL II Is Is now now
threatened crisis in the worlds money
markets is a faci OF Worldwide i'm
portance.
-,,;ces generally have moved slowly.
United States IS and old S deemed a
per cent on call compared With prices
The Hee'1 total 5isi sales OF stocks to-day We're
Ill., oG shares.
MONEY AND GE-N1oney on
c1ii nominal: prime mercantile paper .,ed0
sser cent. Sterling exchange steady, With With
actual business in bankers bills q S3:oots
for demand ana at 81 sur Suts lot s - y
nj 81: commercial bills, $4.S9141i. S9:a.
Silver certificates, 65a4a64; bar SILVER.
gag Mexican dollars. 49,, stare pollus
steady railroad bonds steady; Govern
Inents steady-
WEEKLY BANK sTATlsMENT-Th
weekly bank statement Of averages Oh
Associated Banks shows s,,.osa
Loans. $780,, Ss19 oyo.- a decrease q. a.. -on
1, 81 Ss5i,5Ss.7o6, de- --c,. mo
c} sFs2sS OF S5oasa.56o. an in con
crease OF ---.'.---