Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-10
FINANCE AND TRADE.
Stock Transactions Dvindle Almost
Into Insignifoance.
EXTENSIVE LIQUIDATION IN WHEAT
Differing Views Regarding It's Fu-
ture Price.
GENERAL MARKET REPORTS.
Special Dispatch to The Evening star.

special Dispatch to The Evening star.
NEW YORK. Feb lO-stock transact,ons
owindied into almost unprecedepted insis-
nihcahce this morning and the net cha nees
LOT the day were too trivial TO warrant
analysis. London was trading on a parity
VIA our closing, but did nothing OF i'm
por'ahce on this side. A slight rally OF Ia
per cent IN the price of silver in that mar
nc. save more hopeful tone TO early cables
"nu iurther Improvement is predicted
me extensive liquidation in wheat contin-
ueu 'ooay' and again all previous records
"e'e shattered. May options selling down to
w. "hiie puts good for all next week were
aceiNe al IS cents a bushel Indications
point TO some collapse among the larger
operators unless the tide is speedily turned
In favor of higher prices
many prominent houses are advising
chents to protect their long wheat ana
secure the benefits Of the relux sct,on
winch must soon me- Others claim thar
oVerproouction in nearly all parts OF the
Worio VIII result in a decline from present
low ngures. While evidences of a manic
are reported less pronounced today than
yesterday the situation is decidedly un-
certain ana leads to some apprehension.
poth Tor railroads and individuals i'm the
west The Changers are naturally held I'm
eheck when one of their principal articles
OF transportation is selling I'm open market
at price slightly below the point "a whIch
charges.
The condition Of affairs in the west Ia.
the price OF stocks, and r1nmors OF On Ss,,,r
TO pay dividends have been rife for rnsny
weeks. These rumors have been nuIlined
an part Dy recent assurances that both
burnngton ana st Paul win not dsap-
point their stockholders In this particular
The industrials were not prominent To-
day, and Washington advices have coma
10 De regarded with considerable doubt 80
Tar as containing anything In the way OF
material benefit to these properties even
should the suggested changes In the tsriff
become a law.
The market for foreign exchange has
been without feature this week and bankers
report an absence of all classes OF com
mercial bills and practically no demand
from remitters
The bank statement today is sineularly
consistent, the loss in cash, aeRreeasine
S3l.OoO,oOo being offset to an extent IN the
deposits by an increase Of $4,000. 600 IN
loans. representing the new bonds that the
banks are carrying on their own account
The decrease In the surplus IL not as large
as the loss in cash. as the heavy payments
to the government do not count for the en-
tire week
The statement in detail Is az follows: Re-
serve, decreased. 81. 9Sa. 800; loans, increas-
ed. sl3054. 800: specie. decreased. S2l, s59 DO:
legals. decreased. SECS. 100: deposits, de-
creased. slI.S82.OO0. and circulation. de-
creased. slso,3o0
Wheat Tumbles Again.
CHICAGO. Feb. 10.-Wheat made another
low price record for May today at 90 cents
After opening firmer is higher ut 90 10 and
advancing on colder weather TO 81, heavy
northwestern receipts and general huuids-
la
"a cent below the lowest price OF vexter-
day. Later the price advanced 3-s TO 90 "a