Inter-Mountain Republican | 1908-10-11 | Page 6 | Financial and Commercial

FINANCIAL and I COMMERCIAL BY TIO THOMAS rAS C. C SHOTWELL New Now New York Tonic Oct 10 For For the bank statement today was a a. 0 decIdedlY cheerful feature of ot the time tn day in AV Wall all street streeL It showed a n loss in surplus street I of ot pl about There was s an of about In loans lORn and u a decrease of or mote more than 7 1 In deposits This menus means that there thero Is some us mi for or money or of fr Wall ahl ral street and It was about time something was done somewhere b by business m n to Justify thc strength of or tho the market Trading was quiet on tho time exchange throughout tho session and prices were wen as good and In mO most t cases casc a n little better heter than ian at the close of business Fr Friday I A strong un undertone erton was maintained up to tho the close chose about th tho only seln selling being upon Uon the HIP part oi ot professionals who feared freen com com- In Europe over Sunday London was waH strong console rising 5 16 of oC a a point Cotton Coton was ivas about 50 O cents a bale point higher an as a 1 result of tho time days day's Grain was not materially changed Mining stocks very ery dull dul but Cobalt Central made n a now high record and Colonial a advanced War clouds In Europe came near upsetting all aJ tho stock market plans plan this week For three throe days slon Mon was felt fel In all al tho the markets of or tl tim world world In Jim Now York tho Important bankers hind had hal assurances that there there I would bo ho no actual war ivar but the general public refused to accept these assurances assur assur- ances ancos at Rt par pr value There was con con- considerable considerable liquidation of ot a 3 genuine character In London and ant free Cree selling of or American stocks was indulged In b by Holland Holand The quantity of nf stock that cool coul come on the market from Crom abroad how ilOW however 10 ever was relatively small smal and ane this would not have havo m made dc nn any an serious disturbance dis dl- but for Cor tho thio action acton of oC some som New York operators who took advantage advantage an ad ta tage o of ot the tho situation to bring about n a general reaction In the list Suspicion points to tho time Rock nock Island crowd as ns the tho guit guilty persons In 10 the Street Tho total number of or shares of ot stocks stocke sold toda today was against I IS The Toe par value luo of or bonds sold today toda Wa was against a year ago ngo A further decrease In the number of or Idle cars els el's was wal reported today showing the time number of or empties to be weeks 92 or previous 97 less than tha- r reported portee two For September the production of gold Jold at tho time Rand Is officially announced at fine ounces ounces valued at nt 0 2 pounds This compares with the record turn out-turn of ot one fine ounces In August and ounce produced during minting the same period last year 0 e