Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-09-16
WALL STREET WAITING.
Prices Not Affected Much One Way or
the Other.

Special Dispatch TO The Evening Star
NEW YORK, Sept. 16.-Today's markes
opened dull and heavy. without any nof-
able change In prices over night London
has ceased to be a feature and will prob
ably attract little attention until the dils-
tory proceedings in the Senate are satisfao-
torily explained Money on that side n
plenty. and awaits only favorable settle
ment OF our money problem to be freely en-
changed for our investment bargains
The week closing today has been some
what Of a disappointment, as the recupers-
ating process has proceeded more slowly
than was anticipated. The iron trade
which is the accepted indication Of COM
mercial Improvement, has been practically
AT a stand stin during the week. and other
branches of trade reflect little or no I'M
provement- Railroad earnings continue 10
decrease In all parts OF the country. result
ing in a reduction OF employees and the fear
that the economic measures may be carried
as far as dividends.
It is also hinted by some. who are In po-
sition to know, that the money recently APP
propriated for the payment Of dividends
will be sadly needed later in the year.
The market has been singuiarly irrespons
sive 10 news of every description, the good
and bad being treated with equal disinter'
estedness.
The unfavorable crop report. the reducs
ton OF the Bank of England rate, the ST
Paul dividend and the retirement of over
100000 clearing house certificates had nc
perceptible effect on the course OF prices
producing neither activity nor Improvement
All this emphasizes the fact that the zeal
incentive can come from but one source.
namely, the Senate. The public insist on
having the silver question settled. Mauipus
lation makes a temporary market for the
few who engineer IL. but the confidence ana
aid Of those having money TO invest is need
ed to make a substantial basis on which %
n that Will
prove lasting because legitimate.
Some traders still cling tenacfously 20 the
belief that the desired legislation VIII Be
had eventually. but the majority are In
clined to be skeptical and would rather
wait until assurances TO that effect are
more numerous and reliable.
Favorable Bank Statement.
The one interesting feature Of todays
market was the publication OF the bank
statement which was even more favorabis
than the most sanguine had predicted Ths
banks have gained about eight millions In
lawful money, which is partly offset IN ths
deposits by a reduction OF four millions IN
loans. The increase OF three and q hall
millions In deposits will require about ssoo.s
ooo new in order TO comply with ths
legal requirements. which deducted from
the gain in lawful money makes an actual
Increase In the surplus OF G.6oo.ooo.
The banks now hold a surplus OF over ten
anu a QdlI nllnOne, WHICH EucdDb ea1icl
money. and continued retirement Of
clearing house certificates.
A detailed report Of the statement fol-
lows: Reserve increased, s.. .s25: loans de-
creased. 81 0ss. 900; specie increased. Als6. 600
legals increased. -. 80 500; deposits Increased
S3. 4S59Oo. and circulation increased. Q.6lA-
200.
Today's statement OF clearing house tran
sactions shows: Exchanges. 81. 81. 80. bal
ances 81 SO4. zs4. and the subtreaSury's debu
balance, Ssol. .l51-
Fractional Declines.
The railroad list was almost entirely
neglected today, none OF the active stocks
fuctuating q full point either way from
the opening The industrials. as is always
true of a narrow and professional market
monopolized what business there was. Sugas
sold down Is per cent 70 8 - Chicago
Gas declined TO IS 1-2 a loss OF 81 per cent.
and General Electric lost IA per cent 20
A.
The result OF the half days trading
showed fractional concessions and no Inn
provement In the general character OF tbs
market.