Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-09-18

srw YORK. September IT-Specuia-
~, sentiment was further improved In
us,l street to-day. and prices OF stocks
..;,yes additional recovery. The relief
.,,be acute uneasiness over the money
,,nstion by the large enga gements of
-,,5 FOR import checked the liquidation in
=, stock market. and made it easier to
mark up prices again. The volume of the
,,.gaI buying demand was light. however,
a ,,s the number OF shares dealt in was no
,-ser tl-an yesterday. The movement
,,berward of some s7.h5o.ooo in gold from
,,-taus quarters gives some feeling of as
,--anee that relief will be at hand when
,bo coming additional requirements of
,--rcncy by the interior will make it ur-
Gently needed. The nervous feeling carly
- The week was as much due 10 fear of
MS future contingency as to the present
e,Irency for money. The receipt of gold
which has been started towards this CEN
.s- will lie III occasional parcels during the
next three or four weeks. Over 100000
q the Australian receipts. which arrived
Z, San Francisco yesterday, were made
Immediately available to the local mar
kst bv Geographic transfer through the
syh-Treasury to-day. The one million
dollars which started from England to-
szv will be available at the end or the
Transatlantic voyage Of the remainder
here will he one parcel of s5oa,eoo which
is not due to arrive in San Francisco
mt! October 10th.
DEPLETION OF RESERVE.
II will be seen that there is no present
actual relief from the present process OF
depletion Of New York bank reserves.
The anticipatory payment of government
interest does not keep pace. with the trans
fsrs nj currency to the interior through
iha Treasury, which again amounted
today to over half million dollars. of
which about tSo-ttirds went to New Or
leans and the remainder to Chicago. The
requirement Of the large customs pay
mCnts meantime continues to drain funds
from The New York banks into the Sub
Treasury the balance of receipts by that
Institution at the expenses of the market
iay to 81. 81, 900. The comparative quiet in
The money market is. therefore, due rath-
a. 10 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 touch 10 per cent only mo-
nentaTily this morning. and ruled gene
rally below that. There was notable
rebound in the foreign exchange rate, de-
mand and 60-day sterling bills recover
ing 10 1-2 cent above the level at which
lie gold imports Were arranged. This
eorronorates the opinion that the gold
mport point was slightly forced by those
ENGAGEMENTS London sold stocks here
today on balance, discounts hardened in
London and Paris increasing the demand
for sterling and the supply of commercial
exchange hills continued very scarce.
CLOSE ABOUT STEADY.
Quite number Of prominent stocks.
both among railroad and specialties. were
from ] To points over last night, at
one time to-day but the prices were not
hald. The market closed about steady.
The bond market was firm. Total sales,
par value s2.7OS,o0o.
United States IS registered advanced
u, the coupon Ia and the old As as per
cent. on the last call.
The total sales of stocks to-day were
$500 shares.
MONEY AND EXCHANGE.
Close: Money on call firm at COLO per
cent: closing bid and asked, z; prime mer-
camille paper, 5s.36 per cent.
Sterling exchange firm, with actual bust
ness in bankers bills at 4.S5.15 for de-
mand and 4S2 5og4.S2.75 for so days; post
&C rates, 4,SS 1-2a4,Ss IL; commercial
sslis, i82GS2 IL
Bar silver, 81 L.: Mexican dollars,
% ii
Government bonds strong; State bonds
Inactive; railroad bonds firm.