Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-12-09
FINANCE AND TRADE.
Values in the Stock Market Prac-
tically Stationary.
SPECIALTIES ABSORB ALL THE INTEREST
Facts in the Weekly Bank State.
ment.
GENERAL MARKET REPORTS.
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK. Dec. 8.-Speculation has
dwindled into a monotonous interchanging
OF securities by professional traders and
values in the regular list are practically
stationary. Commission houses are doing
little or nothing outside of the specialties
and many operators attend the sessions Of
The board in the capacity Of spectators.
After dull and Indifferent opening at a
slight Improvement over closing figures
prices were permitted TO grayltate slowly
toward a lower level. London was dull at
about our closing and had no orders on this
side.
Dlstiliers. which was advanced yesterday
on good buying by several large houses
declined 3-s per cent on the non-confirma-
ton OF Washington advices relating TO the
proposed Increase in tax on imported
spirits. The report Of the ways and means
committee is expected TO put an end 10 the
prevailing doubt on this subject not later
than Monday, which will in all probability
iead TO some activity in this property
Sugar was dull at decline OF "a per
cent and General Electric advanced ID ner
cent to "a on a limited volume of business
The Changers are still the subject of pes
simistic gossip, occasioned by decreased
earnings and general falling of in freight
traffic.
st. Paul declined per cent TO e3 ~ Rock
Island lost ia per cent 10 " IL, and North
West lost ID per cent to lu4 Ia. Western
lnion sold down as per cent to 80 is for
want OF support, and closed weak at the de-
cline.
The clearing house statement shows: Ex-
changes, $sl, ssJ1 ;}ss,; balances 81 5ia 45l a nd
the subtrasurys debit balance, s454 T25
Sterling rates Were unchanged at yester-
days quotations, and no additional gold has
been ordered for export. Bankers are in
doubt as 10 the probable extent OF the out
flow begun by today's shipment of $50 Up;
but consider IL unimportant because not oc-
casioned by trade conditions or other GUS
tomary causes. The gold shipped today
came directly from the vaults OF one Of the,
national banks and not, as is usually the
case, from the subtreasury. The bulk of
this consignment goes to Germany for the
reason that money in that country has, at
the present time, nearly double the earning
capacity II would have in our own over
Stocked market
The market took the announcement OF
these exports without the slightest indica-
non OF apprehension or disapproval and
rendered another bear weapon harmless
Inc bank statement today did not show
as great an increase in reserve as was ex-
pected, although the report, as a whole IA
very satisfactory. The legal reserve Is now
si6555, AS in excess of actual requirements
As has always been the case since the ar
emulation of this reserve begun last Sep
TENDER, the Increase in loans has not
showed satisfactory Improvement One of
the Surest signs OF complete recovery from
last summers panic Will be presented by
this item In the weekly statement. and will
be indicated by frequent and rapid in
creases.
A summary of the statement follows: Re-
serve increased si6S.5,5. loans increased
increased sl.292. 100. deposits increased S.
40 100. and circulation decreased SO, 100
The market closed dull at concessions
ranging from 3-S to per cent