Show DEPRESSION Of STOCK Violent V Declines at the End of a aDul Dull Dul Session of New York Exchange CALL C ALL LOAN LOAr RATE IS LOWER TIGHTENING T AT FOREIGN MON MONEY MONEY EY EV CENTERS New Now York Sept 25 2 The market marl et was held h eld under dull aul depression for most part vart i today oday toa t but this influence was contested and an a nd was not allowed to make much head headway way wa w ay in affecting prices until the soiling selling of o f Amalgamated Copper to realize broke the t he whole market In 11 sympathy Immediate active factors actors were not an influence i on the tile market so much as the belief belef b elict that the thc condition of the money market m arket would become an active factor In I Il n a Ji short time again Rates for or call cal loans l fell fel below 5 per vcr cent early in the theay day d ay and conditions in that part of the loan b oais market offered no sign of disturb disturbance ance anco a nce Nevertheless the expectation is quite q general that the preparation for forthe forthe the t le settlements will wi involve a flurry lurry furr f in the tile money market market The Tho re requirements requirements q then are arc unusually heavy and money m oney is undoubtedly tight In all al de departments departments p The rhe universal confidence that the t ile secretary of the treasury intends s to extend e aid is the only assurance felt fel against a a severe pinch Confidence has been b een very strong In Wall Val street that the tile usual sual u recourse to stock market liquida liquidation ion tion ton l for relief rolef from such a situation was waso to t o be escaped But there is no disposition to t o extend commitments in the market even e ven amongst amongst those with whom this opinion opinIon ion I on has prevailed That there is an U element clement not so sure of o f exemption from the usual pressure was wa w as indicated by the tile growth of the sell selling sel it ing i ng movement toward the latter later part pat of the t he session sesMon The rhe sums to be paid out next Monday in dividends and interest will wf be bevery bever beery very ver v ery large The rhe Union Pacific semi semiannual semIannual annual a 5 per cent dividend and the South Southern Southern ern e m Pacific 2 per cent dividend alone will call for nearly and the wf cal 1500 thE ag aggregate aggregate regate g of such payments on that date is estimated e at or more In addi addition addIton ion tion ton t the New York trust companies companie will wi wille be b e called caled upon to increase their cash ch hold ings I on Oct 1 to the extent of There T here was wa relaxation in the demand making upon New York bank reserves from f rom interior sources source and an unusual L amount mount a of rediscounting from interior banks b anks is being offered to New York banks anks b The amount of new gold secured L abroad broad a for New York fell fel today to a mea meager meaer ger Eer g er O The stock stoc market settlement in i n London revealed high carrying charges and a nd discrimination against against American se securities c in that market marketIa In Ia Paris the discount rate rte advanced to te within a shade sha e of the tile bank rate and the weekly w statement of the Imperial bank of Germany G ermany showed the tho continued strain L upon u pon the money market at that center The T he com of the reports of condi ions tons t of the national banks throughout the United States as of Sept Sept 4 given out at Washington today toda shows that the lon tion ton t of or credits is common to the tile whole country c The Te percentage of legal reserve to t o liabilities on that date was 2020 compared compared com corn pared p ared with 2144 on June 18 the date of the t he preceding reports to the tile controller and a nd with wih 2169 on Aug 25 the nearest corresponding C date of last year Polities Politics Poll s came in for or some consideration consi In i n the market by reason of the sessions erton of o f the New York party conventions Trad Traders ers e rs made a special demonstration against the t municipal corporations of ot New York on o n this score The dividend increases on I Anaconda conformed closely closel to the gen general general eral c ml expectation But the heavy ing i ng in that stock and in Amalgamated I Copper had ha a bad effect on general spec speculative u sentiment as ns showing a ion tion ton t to sell sel on good news in a stock that thai thais is i s regarded as a speculative favorite of ol I the t he of group capitalists most relied upon to t o carry car through the present speculative campaign c This broke the whole market markel maket and a nd led to violent declines and a weak and anC I active closing Bonds were irregular Total sales par pai P value United States bonds were unchanged on or 1 call cail cB |