OCR Text |
Show WEEK END REPORT I OF THE MARKETS I New York, Sept II. The money , situation was the sole factor of Importance Im-portance in this week's stock market. 1 the Mexican tronblcs and the Maine ' election passing almost unnoticed. Call money at 5 1-2 per cent made a . record quotation for the year, while W ' all time accommodations hardened i I materially. lift Further drain by tho sub-treasury ?k aud Interior Institutions on local 0. lanks shows almost conclusively the wlj deficit In tho cash reserves of today s f (t? . bank statement. The loss of cash ap-m ap-m : proximates 310,000,000, but It remains JSP to be seen how the loan account will M work out. Bank.? and trust companies j 2 . called loans very generally in the lat-JftM lat-JftM ter days of the week and to that ex-afe ex-afe lent tho adverse situation is likely to tjjm 'oe corrected,. From present indications. 'Jgl, call monej Is likolv to hover between 2fr L " and G per cent for the balance of ,J the month, and a higher rate is not 'Ug i!, improbable. V5 : Stocks moved perfunctorily, every ! session showing its professional im-S im-S pulse. Leading Irsucr moved narrow -w't ly vIth fow imPrtant changeB. Tho & heaviness of tho early week being ASM partly offset by later firmness. Rou-4Sr Rou-4Sr tine news Included the very excellent itPU'S statements for the United States Steel $$ . corporation and the Copper Producers' Jl o RBsoclation, both disclosing highly fa-ft fa-ft i vorablo trade conditions Even more Wftj $ brilliant, howover, was the govern-irt- ,) ment crop report, which fully conflrm-iWfi conflrm-iWfi cd earlier promises. |