Omaha daily bee., 1921-08-26
Financial
Ebe Menu nork dimes.
BY ALEXANDER DANA MOVES.
Chicago Tribune- Omaha Rec Jeased Wire

Chicago Tribune Omaha Bee Leased Wire.
New York, Aug. 25.-After good
many days with little movement of
consequence on any markets, today
witnessed several interesting occur
rences. Demand loans on the stock
exchange went to S per cent, the
lowest rate since August 2, the day
after the q IL per cent rate was
touched. Sterling exchange again re-
covered vigorously to a rate fully
IS cents above the low figure reach
ed at the end of July, when transfer
of reparations money from London
to New York was forcing the market
down.
The larger commodity markets
moved upward, wheat advancing &c
bushel and cotton going to a price
which represented rise since the
month began of SIS per bale, or
nearly Is per cent.
The weekly reserve reports were some-
what noteworthy. although only through
continuing the familiar rise In gold re-
serves and reduction of liabilities. For
the whole system, the ratio of reserves
cent; rediscounts were down to the, small
est total since March, 1918, and note
circulation almost to the smallest total
since the armistice. At the New York
bank. rise Of rs per cent brought the
reserve percentage to a figure much the
highest since 1917 and more than dou-
BILE that Of last February.
Little Response Shown.
Not much response was made on the
stock exchange to these various incidents.
Prices moved very irregularly on a some
what larger business True tn its recent
mental habit. the market was chiefly in
terested in and mostly influenced by
stupid piece Of misinformation regarding
action by Mexican oil producing COM
pany on its dividend. This performance
demoralized the industrial shares at mid
day but the action of prices was un-
certain and confused from start to fin
ish. only the railway stocks holding to
consistent movement.
Two interesting facts were presented in
the weekly statements of the large Eu-
Bank of England's reserve to deposits
reached the highest percentage of the
year and the other that the note circu-
iation of the Bank of France being cut
down 200 100000 francs further, marked
the lowest point since October of 1919
The French paper currency now out
standing is less by 2,ob0.ooo,oo0 francs
Is smaller by 2,s4o.ooo. 900. or per cent
than the highest recorded figure.
New York Moneys.
New York Aug. 25-Prime Mercantile
Paper-6Q6A per cent; exchange, irreg-
ular.
sterling-Demand. ss.7o%; cables.
$3.70A.
Francs-Demand, 7.s0hc; cables. isle.
Belgian Francs-Demand. Issue; ca
bles. 7.56c.
Guilders-Demand. S1.1sc; cables.
31.25c.
Lire-Demand, 4s0c: cables, 4.sohc.
Marks-Demand. 119c; cables, 1.19hc.
Greece-Demand, 5.57c.
Sweden-Demand, 21.75c.
Norway-Demand, 1886.
Argentine-Demand, 30.25c.
Braziian--Demand, 11.87c,
Montreal-sh per cent discount
Loans-Time steady; so days, 90 days
and six months. 5%06 per cent.
Call Money-Easier: high, 5h per cent;
low, per cent; ruling rate. 5h per cent:
closing bid, 5 per cent offered at 51a per
New York Metals.
New York, Aug. 25.-Copper-Quiet;
electrolytic. spot and nearby. 11% @12c;
later, 12Qt2Ac.
Tin-steady; spot and nearby. 25.75c;
futures. 25.75c.
Iron-Steady, unchanged.
Lead-Steady; spot, 4.40c.
Zinc-Easier: East st. Louis delivery,
spot 4.15@A20.
Antimony-Spot, 4.50c.