The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-08-24
Reaction Caused by Fears OF U " 4
favorable Bank Statement att
Week En-.
GOVERNMENT TAKES YES HAND u No:
Reported Plan 81 Secretary 81
Treasury to Refund Bonds.
Closing Irregular.
(By; Associated Press. )

rs NEW &c RT, August % p. w tn call loans
q opening at 9 per4 cent. q further hardening
u OF the rates for time snccomirl odatlons and
4 no material change for the better In tho
Il weak bank posi- ton, Il was entirely nat
5Gural that to-day's stock market should
B develop mn Irregular tone. Trading at the
n koiitsct was very heavy, especially In
the Hill and Hartman issues, nd nt
q generally higher prices tho market .ar.
III parenty taking its cue from London
IA where n continued demand for Am erican
"a securities was report cd. AZ Ok
The most Interesting feature OF the day
dealt wit than alleged plan OF the Score q.
ss tnry OF the TREASURY to refund at q u!
& early date the q pc \ cent, bonds OF u sC7s
This isste amounts to almost Sill 600, GOO,
" and rulnor had It that the government,
n as a. LEI measure, might an ticipate tho
4 retlrement OF these bonds wit the pro-
II cccds OF the new two per cents rust
worthy Information shows that there Is
Il absolutely no foundation for the notion
q that the secretary contcmplates renewing
4 his gold anticipation order Of last
u Spring. Pressure on the local ban ks was
N slightly reduced by the Sccretary's ac-
ton In deposltlng 3, o0o. 900 In interior
& poanks. X HI rs g3S y
The return OF the most conspicuous
Il figure III tho Great Northern and n ORTIZ
II ern Pacific 5propertie was the signal for or
\ issues, which shared honors at the opcn-I
Ing with Union Pacific and United 6tates3
4 Steel. The Hill stocks fell back later
however upon authoritative statements
4 that no 7inmediate sanrouncement8i 10 ike
d " concerning the Great Mort hern or its
a orc lands. The earl y NOV cment v r stec
Il common. which carried It to- q hi n record
for this movement sayored strongly w ~. q
manipulation, though trade condit tons
1 according to competent authorities. are Lr
better for%the6 current month than at any
Il time IN the history OF the industry. % q
n ntpulntIo was also IA ma rked feature Of
the movement in tie copper sha res, tho
strength and activity 4 Of is5Ar1alsamn,tl'esd
Z ana Anaconda being acco lpanied ~ re-
\ ports OF lar ger d WIDER ds ID. q
\ a cursory glance over the list shows ma z
the days business was limited in large
Il Dnrt to half score OF the more active
Issues. Thcse included NJ United 3E States
h steel, Union Pacific. N Reading. Anal ga
mated ana Anaconda Copper, St.a6P E'ftu
and Colorado Fuel. T. radiny in the a
4 noon was hardly in keepin wi TIL the pa &c
q set during the morning session n DUST l ess
falling to relatively small pro por't long.
Il though prices were holding well.
In the final hour call m oney swas. freely
Il nffered at 3i1-2N per cent. but this was
d hardly 81 fficientg to offset the 4 81 eady
I selling, much OF which WAS presumably
A. induced by fears OF an raDie Dan 'l. :
return a the week s. end side from ne
further rise In q sg .l ~
X was lover and dictionary, Great North
ern losing rract ically all Its gain and ne
q granger group az n, rule selling lower
&. The Closing was actiye but IRREGULAR |.
Bonds were tal sales par va'ns,
s1.755, 600. United States bonds were All
unchanged on cal .38 5,ss ~, ]. q
The total sales OF stocks amounted ted TO
n ,3357 500 shares. ,S3
NEW YoIaIl August 2. Money Z, on call
III strong. 1-2G6 per cent; ruling Tate
Il2: closing bid 8; offered at 2 i s.. 81
Time loans firm; 60 days 6 per cent " w
DAYS 6a6 1-2; elk months 8. 81
Prime mercantile paper 1-2as per cent $
Bterling f!smer at s4.Saio for g, ne-
G Post "a rates s4.s2 IL and 1885 1-2. Com.
merclal bills ,4so s4s4. 80 IS. Bar silver yer
Il &C. "a; Mexican dollars. 81.