The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-09-18
FINANCIAL
EASEMENT
Has a Marked Effect on the
Stock Markets.
PRICES HAVE RECOVERED
Volume of Buying, However,
Was Very Light.

New York. Sept. 17.-SQeculstive senu-
ment was further improved in Wall
street today and prices Of stocks enjoyed
additional recovery. The relief OF the
acute uneasiness over the morey situ-
alton by the large engagements Of gold
for import checked the Hquidation in the
stock market and made it easier 10 mark
up prices again. The volume of the actual
buying demand was light. however. and
the number Of shares dealt In was no lar
ger than yesterday. The movement
hitherward Of some s7.Sso,ooo in gold from
various quarters gives some feeling OF
assurance that relief will be at hand
when the coming additional requirements
or currency by the interior viii make IL
urgently needed. The nervous feeling in
the week w,s as much due 10 fear Of
this future contingency as to the present
exigency of money. The receipt Of gold
which has been started toward this cen
ter. viii be IN occasional parcels during
the next three or four weeks. over Sioo,-
Coz Of the Australian receipts which
arrived in San Francisco yesterday
were made immediately available TO the
local market by telegraphic transfer
through the suo-treasury today. The
che million dollars. which started from
England today. will be available at the
end OF the transatlantic voyage OF the
remainder there will be one parcel OF
$4,000 which is not due 10 arrive in san
Francisco until October 10. 1t viii be
seen therefore. that there is no actual
present relief from the present proceeds
Of depletion Of New York bank reserves.
The anticipatory payment OF government
interest does not keep pace with the
transfers of currency 70 the interior
through the sub-treasury. which again
today amounted 10 over half a million
dollars Of which about two-thirds went
10 New Orleans and the remainder 70
Chicago. The requirements of the large
customs payments meantime continues 20
drain funds from the New York banks
into the ub-trcasury. the balance Of
receipts by that institution at the e2uense
of the market having amoupta1 already
since last Friday to 81 81. 90. The com
parative quiet i'm the = onsy market l.
therefore due rather than a sentiment OF
greater assurance for the future thar 20
actual present relief. Tho restriction Ok
the speculation is testimony to the
continued scarcity Of funds Call maaey
toUcs.d 10 per cent sn'v momentarily
tits morning and ruled generally se.,v
that. = re was q notaa,s rcbn.I-d in tho
foreign -Achang~ rate. demand and sixtv
DAYS sterling bills recovering 70 half
above the level at which the GOLD imrorts
were arranged.
This corroborates the opinion that the
sold import point was slightly forced by
those engagements.
London sold stocks here today on bal
ance. discounts hardened in London and
Paris increasing the demand for sterling
and the supply Of commercial exchange
Kills continued very scarce Quite num-
her Of prominent stocks. both among
railroad ana specialties were from / 10
points over last nights at one time to-
day, but the prices We're not held. The
market closed about steady The bond
market was irm- Total sales. par value.
s. 70s.0co
United States 3's registered advanced IL
the coupon Il and the old As SIS per
cent on the last call
Closing quotations Of stocks were az
follows: