Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-06-30
FINANCE AND TRADE
Speculation All But Suspended This
Morning.
CAUSES THAT LED TO THE DULLNESS
Awaiting the Settlement Of the
Tariff Fight.
MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch TO The Evening Star
NEW YORk,June 3o.-The railroad strike
In the west, the tariff uncertainty, prepare
tons for leaving town over next weeks
holiday and no Lonson market were fac
tors that all but suspended speculation this
morning As ii was. the two hours session
established the years record for dullness
and left prices generally less than SIS per
cent removed from initial figures. There
is no Improvement likely until both the
strike and the tariff are settled, but the
strength CT the market under present con-
diticns is decidedly encouraging to the
bulls.
The limited supply Of speculative inteli-
genoe received during the week has favored
the bears, but comparison of the net re-
suits Of the weeks business shows no i'm
portant curtailment Of values. The bears
have been unable to force any liquidation
of long holdings. and have not had the
courage to Increase the present short in
terest in view of the limited supply OF foat-
ing stock available for the purpose of max
ing deliveries. The bulls on the other hand,
are confident and hopeful, but have not the
necessary material to warrant an aggres-
sive campaign in the interest Of improved
values. Their arguments are based on fu-
ture contingencies. that must happen or be
reduced to q certainty before attracting the
fessional element.
With all the desired elements added IL is
hardly probable that either Improvement or
activity will be lorg sustained at this season
OF the year. The practical applica non OF
the new legisls tive provisions will be neces-
sary to q fair estimate OF their value, and
this, OF course can hardly be accomplished
before fall. SO that until then series Of
rallies and reactions within narrow limits
Is the most to be reasonably expected.
The Industrial stocks will probably prove
an exception 10 the general list and will
Immediately reflect the new tariff provisions
In their daily quotations. While the rail-
roads are struggling against an unfair com
parison Of earnings, owing to last year 5
heavy worlds fair traffic at this season, the
unhampered industrials. IN the hands OF
shrewd manipulators, will yield handsome
of this latter fact will naturally dstract
from the volume Of business i'm the more
conservative securities Of the railroads.
Inc probable reduction OF dividends will
be used by the bears TO depress prices at
every opportunity, but il is not likely that
very handsome profits in the immediate
future. ~
The banks have lost 81. 626ooo in lawful
money, all in specie, during the week. the
outgo of specie and the receipts of legal
tenders having been unusually large. The
rest feature OF the weekly statement is an
increase Of over 81, 10000 in loans
The deposits have fallen off from last
week. the Increase in loans being more than
offset by the loss in cash. The net result
10 decrease of over 81. 10000 in the sur
plus. The statement. in detail follows:
Reserve decreased. s.. $50 25; loans ircrea s.
ed, 81, aeo.foo: specie decreased. s5.976 J0o:
legals increased. 81. $40 800: deposits decreas $
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