| Show New York MIning Stocks Adas Adams Con 2 23 LIte LIttle Chief 7 Alce Alice l 2 25 Ontario 20 2 50 40 Ophir 56 5 50 Con 51 Phoenix 2 Corn Com Tunnel 8 Potosi 7 c O 0 Va 1 2 25 Savage 47 Ruth r 1 7 75 Sierra N V 2 27 Ton Silver 3 S 50 Small Hopes 30 a aille C Con n 5 Standard 36 3 65 e STOCK GAMBLERS ARE NOT ALARMED Busies Business R Rushing h Despite te the St genoy gecy of Money BREAK DURING FINAL HOUR PRICES WEAK BUT MARKET AC ACTIVE ACTIVE TIVE AT THE CLOSE New York York proved ble entirely to Ignore the money stin stringency gency In the action of the speculation tay today but considering the violence of the in the money make market and the high rates paid thee there for tor accommodation i It must be conceded that the speculative position wa was maintained with remak remark remarkable able equanimity No such rates have been pad paid for tor money on cal call as those exacted today at te the stock exchange since the panic period ot of the spring of 11 1901 and andra ra the prevailing rates from 30 to 95 per cent were such as have proved an index ot of panic conditions in the stock maket market In times pat past Yet the pressure upon stocks stocka so light that It might be sad said to represent little more than a a cessation of the recent determined buying move move ment and a moderate retirement on the pert part of traders from positions on the thc thelong long side The recent obstinate deer deter to ignore absolutely the stringency gecy gency of the money market showed some signs of vitality this morning a as wa was mn man in the determined bidding up of a handful of stock stocks In spie spite of the amon admon admonishing effect of the tho money rate on the general gereral Is list American Smelting for instance was up to a new record price ad and there were vigorous advances In a few ot of the minor specialties The sae same spirit was manifested in the maket market during te the day when there was any sig sign of relaxation tion in the excessive stringency In the money market prIces being taken in hand and bid up here and there with the apparent determination to restore th the impairment in prices But these effort efforts lacked success and the market was in cUned to fall faU Into extreme dullness at the intervals when pressure wa was re relaxed relaxed The he determined optimism of the speculative opinion was shown hown by the charac te ter ot of some ot of te the ament arguments he heard Te Teve The ve very stringency ot of te thO money make market sad said tee these roner wa was evidence of the tho eare eagerness ot of very wealthy to withhold fd funds ve fro from te the money maket market for tor Ua u i In to the purchases of stoc stocks The Tho presence in Wall stet street of te the secretarY of the ty treasury also came me In for te the usual cheerful interpretation ao on te the pu part of to tho confident operators for te the advance a al such of the purpose toward towards te the mon y maket market us as were allowed to become offered nO enCouragement for tor hopes ot of relief for tor any auy purly purely speculative distress Report or the progress of settlement ot of te the ba bank bankruptcy bak banks were ee less satisfactory ad ado and the o continued discount on New York e ex exchange change at Chicago showe showed te the maintenance ance of the pressure there for funds on ter New York York Some of the tho other Interior centers e as wel well reported a discount on New York exchange The amount taken from the bank banks by byte bythe te the since te the last bank statement wa was expanded to 30 The severity ot of the money stringency had more effect in driving down the rates for foreign exchange but discount rates hardened in London and a furter further decline In sterling exchange at Pais Paris marked the continued money pressure at that center The trust company and bank troubles at Memphis were regarded a as ot of minor mi im ad and due to special causes The market broke brake badly duing during the lat last hour with the wider wilder flights In te the money rate lye Ive and ond th the closing wa was weak ad and ver very act actIve Bonds were eay easy Tota Total sales pa par value United States bonds were al all unchanged on call cal |
