Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-10-19
WALL STREET WEAK.
CLOSING or sknKEr At LOWEST
PRICES OF THE DAY.
BANK STATEMENT GOOD.
>, pre.ent. Several Gratifying Fea-
.urc.-Attcmpts TO Revive Interest
sn co,a-rmport Movement Meet
win little succe..-nond Trna-
ing large.

NEW YORK. October 1s.-The 'na1he'
opened with q partial renewal OF ssas
DAVIS pool operations in the ram oso
.,ocks. Baltimore and Ohio made "ioe
opening advancing about per IT,
PENNSYLVANIA was active, though SEINE
fractionally lower as did aiso tnoitoA s. Al,
Western. The reaction in the latter s.oei>
was ascrfhed to heavy selling by 'hose
who believe that any increase in the Sem
annual dividend viii! not be more 'iiai1
one-half Of one per cent, pu'.ns -
s.ock on a 3 per cent. basis EHtfell'e
weakness was shown by New iorh zen
trail and Union Pacific, and ST Faui atso
sold below yesterdays close. ba!o.''oi
and Ohio made a further advance, but the
sontfwestcrn group. under the lead OF
Missouri Pacific showed some heaviness.
FEATURES IN INDUSTRIAL CLASS.
In tho industrial class. Tennessee Coai
and Iron and the United states Steel
stocks were the features IN point OF
strength. while Sugar and Amaisamateo
Conner were lower than at the previous
DAVIS close The list showed some 1uI-
ther realizing. due to heavy seiilng lof
London and profit taking by local traders.
prices showed a tendency to sag in the
second hour. bat the publication OF the
hank statement which was faVorably re-
earded. brought Il resumption OF me
early activity with better prices In the
final trading. however, there came an
other realizing movement, and the closing
was weak with the lowest prices OF the
day for many of the more active issues.
BANK STATEMENT GRATIFYING
To the conservative element the bank
statement presented several gratifying
features, namely. the decrease in the loan
account: the increase of almost Slsoo.Voo
in circulation: the gain in cash, ana the
1ncreaee of reserve on all deposits, which
now places the surplus reserve ABOUT
S. OOOCoO above the legal requirements. AT
terrpts were made TO revive interest IN
gold import movement. but they met with
little success. In the opinion Of experts
any serious efforts TO bring in gold before
the middle or end of next month Will be
wholly artificial and profitless.
Trading in bonds was on large scale,
and there were very many substantial adj
vances in the speculative issues.
United States IS advanced Il per cent
as compared with the closing call OF last
week. Total sales of stocks to-day were
b27.soo shares.
MONEY EXCHANGE.
Money on call steady; all transactions
at per cent; prime mercantile paper, 6
per cent.
Sterling exchange strong, with actual
business in bankers bills. ass. 50N4.S6 for
demand. and at 4S275M4.SS for sfXty.day
bills Posted rates. 4.S3iaG4.S614; CONNER
cal bills, 4.S2d4 $3.50.
Bar silver. SOS: Mexican dollars, 20.
Government bonds steady; State bonds
inactive; railroad bonds steady.
BANK STATEMENT.
The statement of the Associated Banks
for the week ending to-day shows:
Loans. sS65, 450. 500: decrease, $9.i97.1N0.
Deposits, $500. 125, 800: decrease, S9.14.Seo
Circulation s37. S56 100: increase, 81, 7S2. 800
Legal tenders. SCI 277,7o0; increase, So. 400
Specie. S154112 900; increase, Si.773.,S 800
Reserve, s2I 1888. 200: increase. $l,7U,2oo.
Reserve required. SIZE. Isl, $50: decrease.
s2,3o3, 700.
Surplus. s5,sns. $50; increase. s,oSO,9oO
Ex-United States deposits, SIS, So 25; in
crease. s. ~ $50