Show TAKE c UPWARD tURN SR Who Have the theIn J I Market In Hand Show Con in the Future j B R STATEMENT WAS BAD SIMILAR TO PINCH PINCHI I OF 1893 Now cew pw York ork ork Sapt SoPt S Prices moved up valy today to a strong closing Ule ut publication Uon of oC the bank state I mont showing a deficit below the tho legal o 0 This was accepted I I a as an a expression of unimpaired confidence i I f on the part of or tho the speculators who have I the tle present pra ent market in hand of o the ade ado i I of ot available a resources re to o r Ish tho th deficient supplies of money and andt andr r to t maintain the prices of or stocks In the market It is pointed out as Justifying this Uris s confidence that upwards of is and possibly more than will wUl t bG available to the tho Now Nw York market markot on F lI when y order for fOl do de doof 1 or of gaint gold J goes IntO effect those fig ures uros representing the th estimates of or the amounts of gold already secured for im tin Impert pert It Is added that the beneficent at attitude of the treasury authorities to safe safeguard safeguard safeguard guard the money market mark t against harm fill rul stringency may bo bt b assumed and that for tor Insuring this will remain at this tho th command of the treasury This will willi i include th the thu advanced against the I gold Imports which will be bo returned to toi top i p treasury on or o the tho receipt of or tho gold goldi i and will bo be a available l for use in o other her measures f Or 01 Int t The Tho fooling 1 of r on Oh 5 ro roI I sits by no moans means universal ml however the tho amount of the th deficit in the bank reserves t proving rather staggering as a coming on the threshold of the annual flow Clow of cur currency rency roncy to the Interior from New YorkI York j I Not since the HIP financial depression d of 1893 lve the bank bunk figures shown such n a do dc floit when clearing house certificates were issued in Nev New York during July Jul and Au August August 1 gust Foreign stock markets were dis dla disturbed f today by New Now Yorks heavy henvy requisitions for gold old and discounts advanced In inI I London and Berlin tho the rate in London rising rJ above the bunks banks official rate and foreshadowing an advance by that in institution The Tho weeks outgo of cash from the ti banks measures the tho full loss by b the 1 known movements of money mone corrects the discrepancy In last weeks statement and leaves several million dollars still to be 1 accounted for It Is probable that New York trust companies have begun to with draw cash from Crom tho the New York banks to increase their cash reserves in compliance ance with tho the law which requires them to hold 4 1 por per cent of deposits In cash on Oct 1 compared with tho the 3 per cent re after July 1 The Increased obliga obligation obligation tion will call for an addition of ot about tp cash ash holdings gs of oC the trust companies The market closed strong near the tile top Total sales of ot bonds par r Bonds Bond wore dull dun and irregular irr United States State Js is have havo advanced ced per cent on call cZ I during the wo lt |