The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-09-18
STOCKS AND BONDS.

New 1 OFk, sept. i'-CpcSuloNA'N
ment was further improved in Wall
Street today and prices of stocks enjoyed
additional recovery. The relief of TIE
acute ureasiness over the money situa-
ton by the large engagements of gold
for import circulated in the stock market
and made it easier to mark ~ prices
again The volume of the actual buying
demand WIS light, however, and the
number of shares dealt III was no larger
than yesterday. The movement hitler
ward Of some S7.650,C Gee in gold from vari-
Gus quarters gives some feeling OF as
surance that relief will be at hand when
the coming additional requirements or
currency by the interior will make IL
urgently needed. The nervous feellpg
early in the week was as much due 10
fear of this future contingency as 10
the present exigency for money. Inc re-
eept of gold. which has been started to-
wards this center will be in occasional
parcels during the next three or -FOUR
weeks. Over 100000 of the Australian
,eceipts which arrived in San Francisco
Yesterday were made available to the
local market by Geographic transfer
through the Sub Treasury today. one
million dollars, which started from Eng
land today will be available at the end
of the Trans Atlantic voyage. or the re-
mainder there will be one parcel Of SJ0o,-
600. which is not due to arrive in san
Francisco until October 10th. 1t Will be
seen therefore, that there is TO present
active relief for the process Of depletion
Of the New York bank reserves. The
anticiratory payment of Government in
tcrest does not keep pace with the trars-
fers of currency to the interior through
the Suh-Treasury which again amounted
TODAY to over half million dollars of
which about two thirds went to New Or
leans and the remainder to Chicago, The
crilcrrents of the large customs pay
ments in the meantime continue to drain
funds from the New York bank; into the
Sub-Treasury, the balance of receipts by
that institution at the expense of the
market having amounted already since
last Friday to S1,691,O 600. The eorlpaTa-
tive quiet in the money market IS, there
fore due rather to a sentiment OF greater
assurance for the future than to the
present relief The restriction OF the
speculation is a testimony to the scarcity
OF funds Call money touched 10 per cent
only nromcntarily this morning and ruled
generally below that. There was nota-
bic rebound in the foreign exchange rate,
demand and sixty days sterling bills re-
covering To half cent above the level, at
which the gold imports were arranged.
This corroborates the opinion that the
gold import point was slightly forced by
these engagements. London sold stocks
here today on balance, discounts harden
ed in London and Paris, increasing the
demand for sterling and the supply OF
commercial exchange bills continued very
scarce Quite a number of prominent
stocks, both among railroad and special
tics were one to two points over last
night today, but the prices were not held
The market closed about steady.
The bond market was firm. Total sales
(par value) $2,70S,0O0.
United States 3's registered advanced
-. the coupon a and the old As Is per
cent on the last call.
The total sales of stocks for the day
were $500 shares, including the fol-
lowing: Atchison 1880; Atchison, pre-
ferred. $500; Canadian Pacific 1880;
Erie II, 900: Manhattan Elevated l9,400;
Missouri Pacific 1890; Missouri, Kansas
and Texas $500; Norfolk and Western
II, 700; Pennsylvania Railroad 1S,400; ST.
Louis, Southwestern 27,500; st. LOUIS and
Southwestern, preferred, 2S,S00; st. Paul
400; Southern Pacific 1S,400 Southern
Railway 1900; Union Pacific $500:
Brooklyn Rapid Transit $500; Colorado
Fuel and Iron 1900; National Lead 1000;
American Sugar 1880; Tennessee Coal
and Iron $780, United States Steel 23,500;
Western Union 1890; Kansas City
Southern 1900.