Evening star., 1895-02-23
FINANCE AND TRADE
Small Volume of Business, but Prices-
Well Sustained.
EXPECTED ACTION ON POOLING BILL
State Of Foreign Exchange During
the Week.
GENERAL MARKET REPORTS
Special Dispatch TO The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, February 23.-The small
volume of business this morning to-
tally inadequate to a continuation of the
advance reflected in initial figures. Prices
We're well sustained, however, the irregu-
larity of the final hour being entirely due
to the evening-up process Of the trading
element. The prospects of action being
taken on the pooling bill during the after
noon had a tendency to hold prices steady
in the group most interested in the fate of
this measure. The influence for good ex-
erted by the bill in question is likely to ex-
pire with the day. as the best Information
obtainable indicates clearly that there will
be several of the necessary affirmative
votes lacking in the final struggle.
The appropriation bills and their mon
opcly of time are the only really serious OBJ
stacle in the way of the pooling bills pas
sage. Its object is a good one, and it would
undoubtedly be fittingly Endorsed We're con-
ditions more favorable. The street has re-
lied upon the success of this effort to re-
store. values on the basis of. intrinsic merit,
and the manner in which ii will give ex-
preston to the disappointment which now
seems inevitable only be surmised.
The market for foreign exchange has at
tracted unusual attention during the week
as the result of the rev loans. influence
On rates. During the first half of the week
the volume of business was small and
rates firm, bsnkers showing no disposition
to trade until the result Of the SyndIcate'S
bond Offering could be approximated
About the middle of the week liberal Of
fer1ngS of bills by a house supposed to be
operating for the syndicate and moderate
buyirg of stocks and bonds for European
account were Immediately reflected in re-
duced rates, averaging about IA per cent
The tone of the market at the close of the
week was strong. and the syndicate's obli-
cation to preserve the treasury's supply of
gold intact may yet curtail the enormous
profits and remove them beyond the limits
of justifiabie criticism.
The official figures relative to the actual
amount of bonds subscribed for in this
country, are Seo9 600 600. The notices of al
lotment will probably be mailed this after
noon, and the bonds themselves will follow
with as much haste possible.
The adjournment of Congress will figure
prominently incentive to SpecuIa-
ton during the coming week, and unless
some unexpected complications arise the
street predicts that values Will increase
the number of days intervening between
the time OF adjournment decrease.
The bank statement reflects a loss or
$i.6U,GW in lawful money, all in specie.
This loss is partly offset by the liberal re-
ceipts OF legal tenders from interior points.
The loss OF specie to the Subtreasury on
account of the bond franchise does not ap-
pear fully in this week S statement, as the
banks making the deposits hold the treas
ury receipts Tor the coin. and Will carry
them as specie until the bonds de-
iivera BILE.
The statement as whole but imperfect
" reflects the actual cash operations OF
the week. The detailed report follows: Re-
serve decreased, S;..sh, 101; loans decreased.
$50; specie decreased, Si;,9SG, o9o; iegais
increased, $2,3IG,U10; deposits decreased,
s3.GIi,sOo, ard circulation increased, s2S1,-
$40.