Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-09-20
RANKS ARE STRONG.
u 5r.rons Buy. AT Least, on
SUMPTION THAT THEY ARE.
l!Lk MONEY MARKET STEADY.
.E in spite of The Demand for
r. a,n. to Carry Over Until Mon
,,r-oonsoridatea Tobacco Bond
cutie Active and strong.
: SUMPTION THAT THEY ARE.
1 MONEY MARKET STEADY.
in spite of the Demand for
o.;te Active and Strong.

4 sr7r YORK. September ia.-If to-mor-
,.as hank statement does not make a
80 showing. spectators who bought
4 ...s today will he disappointed. The
1 ing was based on the assumption that
:, e,,rpli,s reserves Of the banks have
~ -splca!shed as a result Of The weeks
1 Insertions. The publication OF the pre-
e-,,rsry estimate of the cash movement
1 ;, mo u,eck somewhat chilled the hope of
eond bank statement, as decrease in
/ ,sr reserves OF upwards Of s3,o00,0eo was
,,sicated OF this amount The sub-trea-
T.. has absorbed some s2.s5o.oe in
sgajnr deposits of city banks for tele-
f-anhjc transfer 10 the interior. The
.sr7ijar movement by express on return
sinking operations makes up the rest,
,s II is not improbable that there have
,sar shipments Of money not included in
.tese routine operations. Il is never pos
seie 10 forecast accurately the changes
h the loan item, but it is confidently be-
qsve6 IN the street that there has been
tsrre contraction in the loan account.
-e steadiness Of the call money market
\ ..sa,, in face OF The demand for loans
70 carry over until Monday. was an in
grafton that the position of the banks
strengthened.
1 The leader was easily ST. Paul to-day.
rhioh was l-2 points over last night at
ms time, with a sympathetic effect on
r. whole list. The movement was I'M
fyolained. but the early tendency of
Missouri Pacific to keep it company re-
{ rhed ru1nors Of an alliance between the
,To systems. There was a setback in
Missouri Pacific when the July statement
:, earnings appeared showing a decrease
/ In net Of S263.196. The stock lost most Of
Ill., gain. and the other Sonthwesterns
turned heavy in sympathy. The unfavor-
st1e cotton reports were also a drag on
4 taat group The old comparison with the
nice paid for Burlington. which was 300
d Ind increased dividend was revived. The
-9rtinucd rise above 200 of Rock Island
furnished an additional parallel The
antracts for the new securities were ac-
EtiVa and strong Oh the curb
Squirt IN STEEL.
Tho reversal by the New Jersey Court
4 Of Errors and Appeals of the Tice-Chan-
relors decision against the stock con-
Eysrsion and bond issue plan of the United
ESAtes Steel Corporation caused a squirt in
b lis securities.
Eranadan Pacific showed up We. on large
oF
lumber of minor industrials was due to
ssvcral causes Considerable realizing
vas accomplished on the advances. and
E,he market closed irregular. and below
ktfa best The bond market was quite
d Ire and strong. and especially in Con-
q 1ted Tobacco is.
~ total sales Of stocks today wore
ri including Atcllison, 24.300; Balti-
I'M and Ohio. 50. 500: Canadian Pacl1ic
"a Illinois Central. ex-rigIts ssl 600;
@ NATHAN y 100: Missouri Pacific, 10s.-
IN Pennsylvania. 1880; Reau,ng, $500:
Leus Southwestern. 500: st. Louis
Southwestern preferred. 2l.1oo: ST Paul
n t&A: st. Paul preferred. $500: Southern
II Pacific 205o0; Texas Pacific. 800; Union
E?acife Sc 400: Wabash, So. 600: National
l9.90H: United States Leather, l.. 200;
"A tinted States Steel. $500: United States
ENee! preferred, I9,180, Western Union eX-
E3iudend $500
Il MONEY AND EXCHANGE
n Money on call firm. at Gas per cent !;
E:iosng at s: prime mercantile paper
Ei34aG per cent.
h Sterling exchange steady. at the de-
Ecline: bankers bills ass 62514 81. CTS for
Efsnand and 4.S2G25@z $3.50 for sixty
Edays; posted rates, 4.S3 l-264.s4 and 4S61-2
~ Par gil-- -.
n government bonds strong. State bonds
ElaeHIra. Railroad hnrds Strorrr