The sun. [volume] (New York [N.Y.]) 1833-1916, 1901-11-10


common rose a point and Missouri Pacific
~ per cent. The United States Steel
stocks were moderately active and closed
at the best prices, Less active issues
that received noteworthy attention were
American Locomotive stocks. Chicago Great
Western common and preferred b, Chicago
Terminal issues, Consolidated Gas, Grea.
Northern preferred, at a net advance a,
8 points; Hooking Valley. Mexican Central.
Pressed Steel Car and ST. Louis and San
Francisco. On sales Of 200 or 800 share,
Third Avenue advanced 81 and United
States 2 points. Northern Pacific preferred
was a conspicuous exception to the pra.
vailing tendency. sustaining a net loss OF
~ per cent.
The transactions in bonds were sppro,i.
mately 81. 900 900 par value, with the heavios,
dealings In Third Avenue ~. Union Pacific
Convertible ~, Wabash Dehenture Rs
Central Of Georgia issues and ST. Louis
Southwestern second ~. In the outside
market there was a revival Of activity in
Union Copper. AT an advance Of II, pep
cent. American Can issues made a further
recovery, and Kansas City. Fort Scott and
Memphis and White Knob Copper vera
IN fairly active demand. The weekly
statement Of averages Of the Associated
Banks demonstrated again that occasions
ally the system OF averages and the uD-
known movements Of money, that il. he.
tween banks and trust companies and ha.
tween the banks and the interior through
registered mail, make the usual complla-
ton OF the known movements Of money y
little value. Besides there was Withdrawn
from the banks this week a large amount,
Of cash for election betting and campaign
ing. The banks show a loss in lawful money
OF 50, 100. 900, but as the deposits have been
decreased materially, both by this loss
and by the unexpected reduction Of nearly
5000, 900 in the loans, the decrease in the
surplus reserve IL only 81, 1872. s75. That
item il still nearly twice as large IA n year
ago, being s., $50 900 az against a deficit two
years ago of 81, 7ss, 600.
The weekly trade reports are rcplets
with encouragement to those who believe
in the continuation of the present era Of
prosperity. More seasonable weather has
contributed to the distribution Of staple
goods. and collections were never more
satisfactory than at present, Commod-
tiles have reached a new high level, and
railway traffic returns fulfil the most
sanguine expectations. The iron. steel
and coal trades. both anthracite and btu.
minous. are In a most fourishing con-
dition. Bank clearings show a slight fall
ing of as compared with last week. owing
chiefly TO the suspension of business here
on election day. Outside Of New York
they are 3 per cent. larger than last week
and % per cent. larger than for the cor
responding week of last year. Cotton u
moving freely to the seaboard. and there
il a fair outward movement of breadStufs.
Now that the crop movement is approach.
ing completion money is beginning 70
accumulate at interior points and also 70
flow back TO this centre. thus dispellng
lingering approximations Of uncomtprtahlv
high rates in consequence of the revival
OF activity in the security markets
The settlement Of the Northwestern
Railroad controversy will obviously release
within the next few weeks large anIoun's
of money used in carrying control Of 'is
Northern Pacific Railroad The dl-soln-
ton of the Third Avenue syndicate vii
also result In the transfer Of bonds that
have been carried in loans TO investors
and the money paid for them will be avail
able for new operations. No review oi lNs
situation woul be complete that did not
take notice Of she decided change IN ia
financial relations between this country AMI
Europe. Beginning with the first election
Of the late Presideu, Mckinley, the United
States have taken hundreds of millions u
securities from Europe, have lent Gr"as
Britain, Germany and other nations ''h-
siderable sums 10y purchaSe OF bonds. aui
more recently, while in the midi e. 'r
crop movement. have contributed '' 'ht
relief Of both London aud Pari- uy st,-
Inents of specie without d%erangIug '"S
local money market In the slightes' iegn'".
A. compared with the final price, - Ia.
Saturday. the entire list II hIgh"' Ih1
more important net advances az" 10 M"'f'-
pohtan Street Railway -, pei o"u' '''
soldatad Gas -. Atchi-on Q, Missouri
Pacific So, Archiron prel"rred So N"S
York Central ? Manhattan Railway -"
Iuinu Pacific -. Brooklyn Rapid IfaH-,
~ Paul aud Rock Island - rach. han-'
aud Texas preferred -, l~u-'I." 1.l
Nashville ~. p"uurylyaula Railroad
Ch,satraka aud ONO aud People 'H'
p, each. Irnnr--r- coal aud Iron o. I
Central. Suuihem Pacin, and I n''I ~...'
Steel IL. ,ach. Nuifula Aud M'-."''
American sugar hshulug AMI
and Alton o., .Acu. AW"r'au NI
and Rsfniny aud Enr hI-' pr"Ir''..
each. southern hsIsaN aud lf|"I
steel ppf.u-d I raDN r0.u la''
frurd =, It-adrg hr-' uI'i'lf'I H.
tam and Mrrl.u o., 'a.N aII tHr ..'