| Show GO AND FINANCIAL WORLD OLO 5 5 Money Outlook on n Vall Wall Street is Still Unsettled t 4 MARKET IS SUPPORTED I t EFFECTS OF OP SECRETARY GAGES ACTION ON FINANCES FINA CES New Kew York Sept 10 There e was some eoa oa 1 uneasiness u reflected in the stock market today over the money outlook but it was I resisted st with lt of and a degree success s was offset f by other 0 factors ruc the most X i notable and effective of which was the gratifying news of the continued im lm improvement Ift dp j gg ep provement of o President e McKinley The market was artificial to a degree decree owing to the continued influence of the precautionary precautionary precautionary measures put in force after the I attempted assassination of the president on Friday These consisted of free tree buy ing on recessions with the sole purpose of stemming the tide of reaction and of the lending of money freely to keep down the rate S While vigorous support was offered the market upon any signs of reaction it was also true that heavy offerings to realize met any advance in prices The Tho come conse consequence quence was a constantly varying move movement movement ment meat up and down which gave the market marketan an excessively irregular appearance at all allUmes times Umes The closing was heavy hea y and the I extreme advances advanceR were much curtailed and in some cases entirely wiped out Opinions differ widely as to the effects I which would flow from the proposals of Secretary Gage for releasing government funds to the money market It is the opinion that banking circles would be beable beable beable able to command a sufficient amount of government bonds to offer to the secre seere secretary secretary tary on terms which he can accept to protect the money mone market from any real crisis But it is I to be remembered that the offer for redemption of government bonds at a price fixed near to the mar market market te t ege df r ket value a which has been standing since last April has been responded to for tor some Ume time past post with only a dribble of I Ismall small offerings of or insignificance on the money market I The other part of or the offer to Increase government deposits up tp p to the par value alue of or the government bonds left with the treasury as security tends to Increase the disposition to hold the bonds and thus diminish the offerings The In Increase Increase I crease of or government deposits with the tho banks can only be made out of or future receipts on account of Internal revenue which run rather less than a aday ada aday day da altogether While a possible offset is thus provided against any stringency of money that would effect the commercial transactions of the country there th re is some skepticism in the stock market whether the meas mess measure measure ure will insure borrowers on call can who hold stocks for speculation against the calling of loans and forcing forc ng of ot liquidation to pay the loans There was a hardening tendency of sterling exchange today so with the rather easier casler rates for money here and the prospect of additional sup aup supplies 1 plies piles which carried carrl d the intimation that It must roust be a substantial need for money which will wm bring gold from abroad Payments on account of or gold deposited at San Francisco and Seattle to the amount of were made at the sub treasury today rehl while hl e was depos deposited ep Itei for transfer re to New ew Orleans r s An early rumor of an extra dividend on St StPaul StPaul Paul this week and a later one of a set settlement of the steel strike were used with effect to support the market the stocks most immediately affected leading the ad advance advance adVance vance on each occasion The Pacifies P tea Amalgamated Copper and a number of the junior and minor rail 1811 railroad railroad road stocks were also advanced sharply Railroad bonds were only moderately active and firm Total sales par value United States Os and the new 45 s advanced half halt a point each on the last call Bond DODd Quotations U S ref n Hock VaL Vat US ref 23 1 i L N uni i iU U S Mex Cent s 85 U S Is coup Mex C 1st inc 33 25 U S n reg lM M 21 St S L 1 U H S n 45 i M K jt T i U S o is 45 reg M lit K T Sa 81 U S So o IN Y Yc C Is U S 55 reg tN N Y YC C g 1 U S 55 4 N J C g I I S Atchison g Pac Atchison 43 93 04 North Pac c Sa 72 U B cs O 0 nl 1 i N W consol i B O 0 SV a s 1 B P tc O 0 con i i Reading a g g 95 Can im So S SU St L I ft I M Sr lL Cent of or Ga consol C of G 1st Inc Sl St L S F FC FC FC C O 0 1041 45 35 02 Chi Alt 35 81 St L I S W Is C B Q n 96 St L S W 2 78 i P C M 21 St st P Pg S A tAW A P 86 56 I g 1 South Pac Pan 45 91 C N W V con consol So Ry RI sol aol T 1 P Is ls 19 C R H I P T TS 5 L W V ia is 84 IH I C C C St L 1 Lg Union Pac 1 g l I S U P 45 Chi Term Wabash Is 1 Colo Cole So s 87 S Wabash abash D B R B G s 1 Wabash deb B 62 6 Erie I prior p o lien Hen lI lIs 4 37 W Shore Shue g 3 Erie I K g SS l jW W L E 91 Ii F W IV D D C Wis i is C b bIs 18 Is O Stock St Quotations I Atchison 76 7 So Pac 58 Preferred 06 lo 0 Railway 32 B 0 Preferred 87 Preferred 92 Tex Pac 43 13 Can Pac T St SL L WO W 20 so Can So C CC 69 61 Preferred 33 us I C 0 O OChi IG 40 Union Pacific 98 Chi hl Alton 34 Preferred slit g 2 Preferred fe Wabash W I I C cr I ct L I 40 Preferred r t Preferred Pr 74 W L E 35 lS 18 lSE C E I IC 2nd preferred 28 C G W WA V 1 24 Wis Cent CentA 21 1 A preferred 84 81 4 B 13 preferred 48 P C C St L 70 Tu TuC C 1 N W 96 Adams Ad ms Ex Ba BaC ITS C 8 R l I P li American C T T 21 United W cas States ai 93 02 Preferred 41 C C C St L I 94 91 Amal Copper 4 Colo Cole So 14 1411 A C F P 29 let 1st preferred p 55 58 Preferred SC t iere if 2nd preferred 25 A L Oil f rs 18 Dela Deba Hud 1 Preferred 49 9 Do B L 1 W A S Ref 45 I I D B R H G 47 4 1 IA Preferred Preferred 04 Ana Mm Co 45 Erie 42 B R It T 6 1st lit preferred d 70 Colo Cob F I 1 99 00 2nd md preferred 5 Con Gas G North pfd Cont Tob pfd 1 Hock Valley 53 5 Gen Preferred 75 Glucose a Sugar ill Cent CentI fi Hocking Uc Coal Iowa Cent CentIS 25 lInt Paper 25 Z Preferred 72 Preferred 80 SO SOL L j E B W V 5 0 O Int Tnt Power 96 Preferred 1 Laclede Gas 00 SO L N Nat Biscuit 43 Manhattan I 11 Nat Lead LeOd SO 20 Met St S t Ry Nat Salt 40 Mex Max Cent 25 22 Preferred 73 75 H Mex Nat 14 H North Am 96 M 21 St L Pacific Coast CORSt 64 W Mo 1010 Pac Mall Mail 43 13 M Sr i K iee T 20 Peoples o e Gas l r Preferred S Car a 41 N J 3 C CN j Preferred ed 81 N Y C CN Pul Pal N W V 65 rG Rep Steel 18 Preferred SD Preferred 71 il N Pac pfd 9 Jh Sugar Ont Vest West 34 T C Iron 64 Pennsylvania U B P Co IG 16 I Reading 4 42 Preferred 73 1st preferred ICy U S Leather 13 2nd preferred us Preferred 82 52 St i J S F 4 U S Rubber 17 1st preferred s 82 Preferred 55 5 y 2nd md preferred f U S Steel 44 St lit T L S e TT W 29 2934 Preferred M Preferred 62 W Union 92 St Paul 16 r Preferred Total sales |
