Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-09-28
TRADING FEVERISH.
.rxEr pREAK1sG HEAVILY
rrurax BANK STATEMENT APPEARS
SURPLUS RESERVE RESTORED.
price. Raised to Friday Night.
Level, and I'm Some Cases Above
u-rhen Follows Another Relapse
and Closing Is Unsettled.
SURPLUS RESERVE RESTORED
Price. Raised to Friday Night.
and Closing Is Unsettled.

NEW YORK. September N-Ihe1e
wss a very teve-isn fwo-hour period OF
trading on the Stock Exchange to-day.
which seemed principally due TO a confess
between opposing speculative interest Is
The pool operations which were response
s,ie for yesterdays sharp upward move
nan.s were again In evidence at the open
tne ba. the high prices made attracted
renewed heavy liquidation. induced pS
,nise,yinss that the bank statement "o"io
fan TO reveal the recuperaton whach vas
expe,sed yesterday. There was hea's
break IN prices Il progress "hen 1he
hank statement eppesred, showing sur
.,,,-. reserve re-established OF sS.Zeezo.
The bull operators thereupon turned upon
heir opponents, and marked up prices
n. half to one point at O. jump, SO VIA
tb. level of the market was back to near
last nights level, and IN some CASTS
ehoz,e This was followed by anotheF ie-
1anse which carried some STOCKS lo"eA
than before. and made the closing Fever
jsh and unsettled Louisville sunefeo "
the extent OF IL. owing TO the EHest
ta,nty az to whether the minority s'och-
holders are to be allowed to snare IN 1hs
terms which Il Is reported will be oHereo
- co,t-o, hy the Anantic-Coast Line
rvndtcate St Paul suffered an extreme
esss OF over four points. on account Oh
Santeis By officials OF Published reports
~ a. proposed stock subscription right
MONEY SITUATION.
The dominant influence was the money
situation. The increase Of sl,fSoicv II.
cash reserves OF the banks was 'osaI
surprise, in view Of an lnccaten ue-
crease OF about sA.ocSG'a on me o.ii r,a
hand. the loan contra cton Q! wv
was not as largo as had been looked lot
THE source Of the cash Increase was an
ane.platued mystery. a sharp fractional
prooyery in the sterling exchange market
unusual for a Saturday. carried rates
well away from the goid-impoTt PoinL
a,he bank statement failed to convince
speculators that the necessity for iuf'ne
loan contraction has e1tTely passed.
Speculative BONDS have been iresiy sou
during the week. and some hish-Elane
bonds have also reflected pressure Unit
"a states 2ss a.s. SIS and the as old, cou-
non advanced IA. and the oic As regis
tered IL per cent, as compared with the
closing call Of last week.
Tho total sales to-day were bSS.le0
Eharea ~
Close: Money on call firm. with all
loans at per cent. except an odd lot
which loaned at :, prime mercantile pa
per, 6 per cent
Sterling exchange firm. with actuaal
business In bankerss bills at 4.S5.l5 for
demand and 4S2.5o for sixty dayss posted
rates, ss3a.z and ASST: commercial bills
+S1s.GS2A.
Bar silver. 55ls. Mexican dollars. zo1z.
Government bonds steady. State bonds
inactive Railroad bonds weak
BANK STATEMENT.
The statement of the Associated Bank:
Cor the week ending to-day is IS follows
Loans. SS7z. isl 800; decrease, 600
Deposits, s8765lq, 100; decrease, $l2,25l.'
800.
Circulation, sS5.cIL@a0; increase s5io''
Legal tenders. s7c.sSs.soo; decrease, s1ss,.
'' Specie s151. $50. SD; increase, sl,s7s sos.
Reserves. s222. 266. zto; Increase, sl.7o'-
700
Reserve required, S2.9,l2s,H5; decrease
ss.as7,si5.
Surplus, 50, G35.e2o; increase ss'e'e'o!e.