The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-18
TRADE AND FINANCE.
CONTINUED from Ninth paee1

gives some feeling OF assurance that
relief viii be at hand when the coming
additional requirements of currency
by the interior will make it urgently
needed. The nervous feeling early in
the week was as much due to fear Of
this future contingency as to the then
present eMgency for money. The re-
ceipt of gold which has been started
towards this center will be in &C.
casional parcels during the next three
or four weeks. Over 100000 of the
Australian receipts which arrived in
San Francisco yesterday were made
Immediately available to the local mar
ket by telegrapnic transfer through the
sub treasury to-day. The 1900. 900
which started from England to-day
viii be available at the end of the
transatlantic voyage. OF the remain
der there will be One parcel of $500, 000
which is not due to arrive in San Fran
cisco until Oct. 10. 1t will be seen
therefore that there is no present
actual depletion of New York bank re-
serves.
The anticpatory payment of govern
ment interest does not keep pace with
terror through the sub-treasury, which
again amounted to-day to over $500. 900,
OF which about two-thirds went to New
Orleans and the remainder to Chicago.
The requirements of the large customs
payments meantime continues to drain
funds from the New York banks into
the sub-treasury, the balance of re-
ceipts by that institution at the ex-
pense Of the market having amounted
already since last Friday to 81, 631, 600
The comparative quiet in the money
market is therefore due rather to a
sentiment of greater assurance for the
future than to actual present relief.
The restriction of the speculation is
a testimony to the continued scarcity
of funds. Call money touched 10 per
cent. only momentarily this morning
and ruled generally below that There
was BILE rebound in the foreign
exchange rate. demand and so Jays
sterling bills recovering to &c above
the level at which the gold imports
were arranged This corroborates -he
opinion that the gold import point was
slightly forced by those engagements.
London sold stocks here to-day on ball
ance discounts hardened in London and
Paris, increasing the demand for ster-
ling and the supply of commercial bills
continued very scarce. Quite a num-
Der of stocks. both among RAILROAD AMI
specialties, were from to points over
last night at one time to-day, but the
prices were not held. The market
closed about steady.
The bond market was firm. Total
sales, par value. $270S, 0Oo United
States 3's registered advanced -, the.
coupon 4 and the old As u per cent.
on the last call.
Total sales of stocks to-day were
455,50 shares, including Atchs n 49,
500; Atchison preferred, $500; Bait.
more and Ohio, 10000; Erie, 1,6G0;
Manhattan. 19,400: Missouri Pacific
1890; Missouri, Kansas and Texas,
5000; Norfolk and Western, 1l.700;
Pennsylvania, 1900; St. Louis South
western, =. 500; st. Louis Southwestern
preferred. 2S20O; ST. Paul, il. 700
Southern Pacific. Is.40o; Southern Rail
way, 1000; Union Pacific, 1890 Wa
bash, 1900; Brooklyn Rapid Transit.
$500; Colorado Fuel and Iron, 1900;
National Lead, 1900; Sugar, 1880;
Tennessee Coal and Iron, $500; United
States Steel. 23,50O; Western Union, 49,
800; Kansas City Southern, 1900.