The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-10-26
Ii\tNtItL AMI COMNFRIIAL.
SATURDAY, Oct. IS

SATURDAY. Oct. IS
r,.irg in tho security market to-day
WIS Il .n' same npdth"tic character as
"a. ,1y, Immediately preceding. and was
,i,.. ran'Iy governed solely by considora-
i..p u. tnr weakly bank statement. As all
,,,f'. cJu-prcl To- make the statement
.l exceptionally good one. and rs these
i.... vrr" well unirrstood tho market
W. .rruc in the frsC hour and half
ci business. The coinpromise agreement
rl.frd ~ ia. 'inplate workers and their
eiui,!scrr-, resulting in small reduction
d. wue.., f,r the employees because of II
.,.,, ,uurac' taken at low prices 20 meet
tong. conn. tition by the tinpla,e mills.
r,,..ol fear g another labor difficulty.
C...,udo Fuel and Iron continued It's ad-
,.r... .li various rumors are current con-
rv.rg th" property. The story was
Yesterday that the Gates party, aided by
G.g.a resistance. had beaten Mr.. Osgood
q, u -,iugElo for the possession of the
,.r.,.nv |, II, believed that the truth
O, f.y matter il that certain railroad com
t4II.-. namely, the Colorado Southern.
I,spu Pacific and Denver and Rio Grande.
l.,. .rGu.rcd considerable quantity
a rha Colorado Fuel and Iron stock. and
tLa'. VIII the O-good interests, who are
Iuv ~ control, will appear a. the final
controlling interest in the company al the
election IN December. SO far az the Street
II ourcerued, the movement Of Colorado
-. and Iron j. only noteworthy as that
ola ltt.e nipple Of activity in dull market.
Pool MAJ. pulation was resumed in Texas
trl Pacific and TO "A lees extent i'll the ISSUES
ofandl-e for the week showed no cessation
H. tie volume of our buying abroad. The
statements of weekly railroad earnings
were somewhat irregular Chesapeake and
,hu. Missouri. Kansas and Texas and
TaNa. and Pacific showing decreases, and
Canadian Pacific and Norfolk and Western
I-nrcdse-
Tie bank statement proved about as
expected There was an Increase of slightly
c-e. sl2.OJ0o0O In the surplus reserve AZ
circulated both 10y the old and new methods.
Loans Unexpectedly increased, however.
g. 5?5 500. and cash increased a little less
than previous estimates had indicated.
The surplus reserve Of the Clearing House
institutions now stands at S7,1si AS, upon
'be basis established 10y the Clearing House
Committee Of the maintenance Of COM
pui>ury reserve Of % per cent agains;
all deposits, Government money included
After a momentary upward squirt in prices
selling orders appeared throughout the
liz which, while they were in no such num-
beg a. witnessed last week. were Vet suffi-
Glen, to Justify the idea that large specu-
a,ivc holders of stock are seeking TO re-
dgco their lines whenever opportunity
presents
The bank statements so far this season
have strc'ly followed precedent Tie cash
reserves of Ia" banks ordinarily dwinde
during the last part of August and through
September, rise again rapidly in October,
II viii ue Interesting To see if these irecp-
dents are further followed this year Prices
weakened Ia the half hour following the
publication of the bank statement and the
market closed dull and heavy. There
were renewed stories of labor troubles
railroads, and, while these stories lack
authority and refer principally to demands
e.: railroad employees. for higher wages
mat are to bc presented ia future. the
ial community j. inclined 20 credit
rr'u TO the extent Of assuming a couscrya-
tive attitude until ii il seen what OASIS
iYr Item exists Since the SGT tlcmeut of
TIE strike in the anthracite region OBJ
servers Of financial and social conditions
have not been greatly enthusiastic over the
labor situation