The St. Louis Republic., 1905-09-21
STOCK MARKET SENTIMENT
Ul0OERG0ES GREAT CHANGE.
FLOATING SUPPLIES ARE
LIMITED.
Transactions Are Rather lrregu-
lar, and an Impression Of
NarrOwnees Is Given.

New York. Sept. 9.NothinF In the
a aec"ans S sdeassieis % lsr So1i the reesr-si q
depression. Hut the rebound In prices : as
an effective demonstration Of the res.lie.:y
o. the market from pressure.
in the neishbo-hood Of the stock Ex-
change tina. the floating supply cs stocks
Consids "a Bile line. Of shorts we're ~, out
YESTERDAY. aud the buying 70 Sc: back
these stocks Was mostly responsible for
tO-day's advance. possibly. The market
continue narrow and professional
The spectacular advances y. q limited
number Of stocks are not convincing or =
widespread demand in the market i.. gem
eral. ard commission houses con,inle TO
complain that the o1tside = scaH;-. Hold
efs cling to their stocks. however. Ter
nothing scefas effective u dislods. them
exr.pt the actual withdrawal cf credit
The immediate pressure on borrowers
has beccE.. relaxed. and the genera. CUT
look continues SO favor able that further
selling of stocks seems not 20 be- expected
money market shall be- renewed
tn. course OF the currency movement
thus far this week yaak-s il unlikely 'i:at
the coming bank statemen, vii! s:.nA any
and trust companies are reIic:,i 20. IL"
,,cment from the call TO take orer loans
i.,;:. i.,;:, The hanks In .-dsr 10. Z" .n,hi> u.
pscs With inr02ds upon thcir cash.
The SubtreaSury's confined l,-avr debit
balances at the eleayins-hcuse have lsf,
small balance to the advantage G: the
hanks on the week thus far.
Payment AZ the assay osfice for the first
Parcel cf gold bars on tine import move
to-day's subtrea.rry dehi. balance. Mex,
week vii! see the further arrivals OF gold
which will serve to relieve. II not entire
Iy to Offset. a renewed dsain ON banking
reserves
The rise IN interior exchange on N.w
York indicates the lessened jenna nd Of the
inte!i": on this center for the time being
ciuie TODAY tia, the expected rise to-
morrow in Eank o: England discount rate
has been adequately provided against.
Rea:suring of,cisl s,atemen'. regarding
TIE New YORK marke. was in con.e-
quence fr.ed from th. pressu.. Of foreign
selling end this contributed materially to-
ward allowing the recovery in prices
The mos; notable movements q: the dag
We're t:accah!e to individual influences
Reports OF important developments In IN"
Northern Securities settlement; were re-
viveI effectively IN connection with the
approaching ennual meeting ~ the Gfca:
Northern and NORTHERN Pacific.
lated some sympathetic strength in
other hiGh.n.iced railroad stocks Tie
existence a! ar active speculative. Coo. in
Reading was given most O: the credit for
III" renewed spurs IN that stock. Organs
Ct the anthracite tratie. however. spoke
In n very cheerful strain of ~. demand
ir tia; industry. The annual report of
tho Central Ra;iro ad OF New J.r>e': was 4
help &" that GrcHp In the SarIe way
New York C'nira! was AIDED by :ts state
Een: Of Q,:aYterl- earnings
Tie revived strength cf Canadian Pa
c!ir was due Ia reports OF prosperous con-
di'ions which have served h.:or. 10 li:,
that stock. Rates for foreign exchange
r"s" decidedly awav from III. gold import
somewhat easier. hu: cali loan rates We're
held firmly a; above ; per cent. Ro!,!s
were firm Total sales. ia, value s..5.a-
an United States - registered declined
.. on call.
Stock Q00taal00s 1t Nevv York.
New yc:E. Sept. G-ro,i"w.ne a.e .y.n!.s
highest. !owe., A.ld SlIs.ng quotation. 70, s,.css
on S;oSk Exchange :S-t:Ay. With the amount O: