Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-09-21
Money Market Shows Little Al
ITERATION in Any Direction.
RATES FOR ALL TERMS
Preliminary Estimates in Currency
During the Week.
LARGE AMOUNTS OF GOLD
Relaxation a Factor in the Irregular
Movements of the Proceedings
Today on Change.
RATES FOR ALL TERMS
LARGE AMOUNTS OF GOLD

Special Dispatch to The Star.
NEW YORK, September 21.-Money mar
ket condiY tons, which were again the chef
theme of discussion, showed today little III
iteration In any direction. The greater part
Of the borrowing on call was enected De-
tween and 51s per cent, but rates 1or
all terms of accommodation on time were
stiffiy held and were even advanced Tor
some Of the shorter periods. This latter cir
cumstance was much commented upon as
indicating the apparently remote prospects
for any decided relaxation In the money
market, and was undoubtedly factor In
the irregular movements in the stock mar
ket.
The preliminary estimates OF the principal
movements in currency during the week
were published as usual early in the after
noon and concurred in setting forth net
gain of cash by the banks Of about $12,OOo,-
900. The banks lost in currency transfers
to the interior about 100000. and their
net gain was represented Of course by the
difference between that sum and the treas
ury deposits against importations of gold.
Large amounts of gold were returned to
the subtreasury against the actual receipts
of the metal from abroad, and this circum-
stance will complicate to some extent the
showing of tomorrow's bank statement.
There was less than the usual amount OF
discussion with regard to the possibilities OF
the document. probably because of the dis
appointing course of the time money market.
Result Of Increase.
A further large Increase in surplus re-
serves would, however, appear to be prac-
tically assured.
London stock market was generally
steady, Notwithstanding a further harden
ing in discount rates there, and cabled ad-
vices set forth that the Bank of England
was not discounting below Az per cent
which was the maximum figure quoted in
the open market. Foreign houses were
buyers on balance here to a moderate ex-
tent.
The local stock market showed a consid-
cradle degree of strengthen the early deal
ings, with some further new high price
records established. notably In Baltimore
and Ohio and Southern Pacific, but during
the greater part Of the business session
ments took place. @...s-
The Railway List.
In the railway list these were Union ard
Southern Pacific, Reading, Baltimore ard
Ohio and St Paul ST. Paul was excep-
tIonally strong, and Its course. coupled with
the rise In Southern Pacific. reviyel the
reports that sclose community of owner
ship had been established in the two prep
critics.
In the industrial quarter United States
Rubber common rose quite sharply on the
resumption OF dividends on the stock of one
of its subsidiary companies, and Amalga-
mated Copper was firm on the general ex-
pectaton that the dividend on Anaconda
Mining would be raised at Tuesdays meet
ing The United States Steel shares con-
tinued lethargc. Brooklyn Rapid Transit
was firm during the greater part Of the
lay on the heavy traffic the company is
enjoying in connection with the Coney Is
land carnival.