The Birmingham age-herald., 1902-09-18
SIGH OF RELIEF
 IN STOCK MARKET Acute Uneasiness in the Money Market Has Been Relieved. BUYING DEMAND WAS LIGHT Comparative Quiet In the Money Mar ket Is Due to a Sentiment of
 Greater Assurance for
 the Future.
BUYING DEMAND WAS LIGHT

New York, September H.-Speculative sentiment was further improved in Wall street today and prices of stocks enjoyed additional recovery. The relief of the acute uneasiness over the money situa- tion by the large engagements for gold for import checked liquidation in the stock market and made 1t easier to mark up prices again. The volume of the actual buying demand was light, however, and the number of shares dealt in were no larger than yesterday. Tho movement hitherward of some S7,S500OO fin gold from various quarters gives some feeling of assurances that relief will be at hand when the coming additional requirements of currency by the inter for will make it greatly needed. The nervous feeling early in the week was as much due to fear of this future contin- gency as to the then present exigeney for money. The receipt of gold which has been started towards this center will be in occasional parcels during the next three or four weeks. Over $4000O0 of the Australian receipts which arrived in San Francisco yesterday was made imme- diately available to the local market by telegraphic transfer through the sub treasury today.
 The one million dollars which started from England today will be available at the end of the transatlantic voyage. Of the remainder. there will be one parcel of $500, 600 which Is not to arrive in San Francisco until October 10. 1t will be seen therefore that there is no actual present relief from the process of de- pletion of New York reserves. The an- ticipatory payment of government inter- est does not keep pace with the transfer of currency to the interior through the sub-treasury which again amounted to- day to over half a million dollars of which about two-thirds went to New Or leans and the remainder to Chicago. The requirments of the large customs pay ments meantime continues to drain funds from the New York banks into the sub-treasury, the balance of receipts by that institution at the expense of the market amounted, since last Friday to H,613,000.
 The comparative quiet in the money market Is therefore due to a sentiment of greater assurance for the future than to the continued scarcity of funds. Call money touched the 10 per cent only mo- mentarily this morning and ruled gen. erally below that. There was a notable rebound in the foreign exchange rate demand and sixty-days sterling bills re- covering to 12c above the level at which the gold imports were arranged. This corroborates the statement that the gold import point was slightly forced by those engagements. London sold slow here to- day on balance, discounts hardened in London, and Paris increasing the de- mand for sterling and the supply of com mercial exchange bills continued very scarce. Quite a number of prominent stocks, both among railroad and special ties were from to 2 points over last night at one time today. but the prices were not held. The market closed about steady.
 sales. par value, $2. 70SO GOO. United States 3s registered advanced F; the coupon A, and the old 4s k on the last call.