The St. Louis Republic., 1905-09-30
STOCK MARKET RESlS1S
TIGHT SQUEEZE IN MONEY.
LAST BORROWING DAY OF
MONTH.
Exchange Prepared for the An
nOuncement of q Six Per Cent
Rate for Call Money.

New York. Ser; es-r.-day's stock mar
ke; showed r-Yns rkah!e resistance Z! the
squeeze in tn. money market As !oIa.'
HIade at the STOCK Exchange on Friday
carr. over Until Monday. ,hi. was rrac-
tictilv The las: Cav OF the month 10.
S'ce;, Exchange borrowers. and conse-
GIeHt!y risL.,iS-up day previous To the
quarterly settlement; Of October J
The very heavy :Eccia. requirements -
this time II :G1i.icI 10 me ordinary d.
f:.ir6 :nr tie GI.,fieriy settlements EiNe,
Exchange community was quite prepared
to see - per cc:lt rae for call money
TO s.Hy.
Hhen the rate Won; abov. ,ha; a:ncs;
n. .Ile1iS;..v after THE opening. IN" mar
ket IGlter-i slightly and ;here came s.
sigh: s,,.;nS -. o: s'cc,;s which: car
r.ed ne price level eo'npseHensively se-
lvS iIs; right.
IT.. h.avy ur-r-es or money brought
Into The market i'C,n som" rf the pr:nci-
-: Wall stree: ta-..ys by the per cent
rate. carried call iosEs back again 20 =.
p.r cent;
Stocks the-er?on recovered. ani when
~" r.'e Cor ',.cE.y wen; higher ,Ean be-
Tore. the stock market was practically
Of the year. with IL. eycsi ion Of a few
loans made ia's IL ;Es afternoon. r:.c.'.-
Ing the Gcsi fItcny holiday. when Ter
zen: vas quoted t. carry eve: until the
III. e4,.a.:-.ity With which to-day:
furry was accepted i due 10 the Very
genera: hOp> .I..c,ssd L. sI'ecJ.l,tiv. quar-
,":s ;.a: ,hc -.t. NJ! prct:Ily relax
rex: weeis
Tire Atci:son ans r.nnrivania borl
subscription Payments axe expected 70 se
p's;jv closely confined 10 shifting cf book
accounts. az: the proceeds are expected
TO be quickly ava,lsl,I. fc. r.,urns 10 th.
tax payments To b. Mad" - I-.s city r-S;
Monday. Ti:c compilation % the currency
movement for ne w-ck makes suI.icieat.y
plain. however. ,l...t other c..Gscs inan ;he
sy:Ii:CaI. ant! tax tran t.o:-. 20 To aC-
cour- 'or ;"e SITTER ;.Io!."y market.
Eanking a-.,;Ior.tics expressed r.e Opinion
that on III. regular sxI,:"ss :aS S..!.l'nt wi;r
'he interior receipts nave -a"'!i .'ili.i!ee,i !
III. shirns"ats. but The S'ib:rea>I:y has
taken from the banks w 20 THURSDAY
e,. ning Gj.!.A n. Go. crime ut ii.Sri-
,,.t:o,. had a credit balance at the clear
..g-hoGse rhi. morning of s-S "a. thus III
d!cai;@c another days very heavy Grain
statement -Af.cr t::is weeks t-u.l 'r;.;2--
actions are out =: Inc way the japineSe
braJ subs sripti1rs .or October IL MiI cOI;!e
i..:o consideration.
Eon.. subscriptions for crt0ier is Will
cons. .liD consideration. The heavy aT'2
:. S,eriins .xc..ane. Ar.s :u-.ia: awakened
hopes al u --.!va! Of IN" .n.sIvr, movement
g! gold. TIE riS. N I'll. Now YORK mooney
..,:.- induced ye.y i'cIN, offerings q: .:!k-
s-s' bills IN i:.e eNctag.. market. and
-."rr was :. liberal rs Hts;u.snt also oI
the supply -: cpiiC:. ;.!iS. il- rs'.!'il. :
:si, ~ prices ui checks Oh London
amounted u a quarter OF a cent on the
pou::d.
The money rae showed = tendency tc
s-ttl- al sn"ut :; p"r cent l;;'s IL tn. day. .
after having :I;' III =. 81 '..T cent ~ r';c
sirii. aH,l having f.UctJ.a.-i below tt..i- i:-
ur.. wi:t; a ICis,.j :.Erry Z" per cent
Th. effect 10 rally jh.. market Cr.t'cre,i .'il
:h.. reading stocks and aG Increase in the
dividend %. r.sl.Ua: steel strings caused a
jL:.lp in that stpCi; and speculative ai-
varc.s in a number @: oshcr "w-pr.ca,!
indlstrials. TIL. market Closed strong. N
spite -. the t!rllrC.s.
Bonds W.r.. !rG-,,li.r. The ;o-a; sales.
rar value. s.. ..;i.. United States Gov
-:nmc.t bonds We're al unchanged on cali