Omaha daily bee., 1902-09-14
NEW YORK STOCKS AND BONDS.
Brisk Demand for Call Money al n six
Per cent Rate.

NEW YORK. Sept. 1S.-Some assurance
was impaired to the market at the opening
today by reason OF a better demand from
cision to anticipate October Interest on
bonds. but the list was generally dull and
houses did very little and foreign houses
were moderate buyers. Money conditions
were more fsySrsDls and TS contrary to Gus,
demand for call money, which ruled at 8
per cent. Slight pressure was directed
but support came later. Rumors OF gold
imports were again current but appeared
Clearly shown that the rate p%recluded en-
gagements except at a loss. The keenest
interest was evinced in the bank statement;
owing to the many pessimistic reports and
fears of an utter wiping out of the surplus
reserve. Although his Item shoTs a de-
mains a balance OF slightly more than s7OO.-
vU0. the result OF a heavy shrinkage In the
loan account The statement proves be-
this time much below the legal reserve re-
Quirement. The loss in ~cash-slightly over
The market app pe0%s to take kindly hSfS'T to the
bank statement, and this, together. with
chased sss SssiG set " se9 wftS ims SsSwt S pTiSss 10 In a
number Of leading stocks, including st.
Paul. Reading, Pennsylvania, New York
Louisville & Nashville, Baltimore & Ohio
and Sugar. The closing was strong and ac-
The passing of another week with the
coal strike still unsettled and an advance
In call money to 20 per cent, the top figure
ately steady and higher in not a few In
stances. Financial students declare that
this rather anomalous condition Is due
largely to the undertaking OF this country's
crop re9orts-Ss a matter OF fact these
were less satisfactory as to corn and cot
ton at the weeks end-and the increased
railroad earnings In proof of their claim,
though apparently losing sight of the fact
that the same increases have for the most
part brought with them heavy increases
on a I per cent dividend basis. this action
having been advocated, II is said, by the
street attached no ordinary signihcance
TO the increase In view OF the roads es-
the stock failed to respond in this market
or abroad. Reports that George ]. Gould
is 20 become a director in ST. Paul gave
Pacific and Union Pacific. The case OF Mis-
! souri, Pacific was interesting. that stock
and BOTH selling on proportionateiy. Anu Anu
| other event was the decision OF the Balti-
more nor co q ionic ,, olTee3 ps1t 70 1 1ssGss M2SSo: oC
authorized last year. Impressions are cur
rent that some dealing with the genera
come out, and that the settlement OF the
Louisville & Nashville and Southern Rail-
board Air ana Atlantic Coast lines.
CAL money nuctuated wildly, the rate
ranging from Sh per cent early in the week
to Is per cent on Thursday and 20 per cent
yesterday,
The bank statement figures, showing a
loss Of over S,00,O0 In early forecasts,
added to yesterdays feeling Of appreheu-
sion, with resultant declines. Foreign ex.
change broke violently several times durins
the week. thereby increasing the proba-
bility OF gold imports, but with the excep-
tion OF the &.OO0.0O In transit from Aus
tralia no consignments were announced
The second installment OF about SIS. 900. or
on account OF subscriptions TO the Oregon
Short Line participating bonds Ia due next
week, but arrangements TO meet this pay
ment have been made In such a way az
TO cause no disturbance &c the money mar,
ket.
Business during the week was largely
active, with a large percentage OF dealings
IN Wabash debenture BIS. which al one
time showed a gain OF over 8 points, re-
sultng from the heavy speculative pur
chasing movement. The market generally
was hrm, In sympathy with stock manipuia.
ton.
United States SIS advanced =. the new As
registered. ~ and new Il. coupon. \. tn,
old As declined y. as compared with tbs
/ closing call OF last week.
The New York Finsncier says: The mos
notable fact disclosed BY the omeial state