Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-06-22
Speculation Irregular, Concessions
in Values.
BANK STATEMENT SHOWSBIGGERLO LOANS
Direct Evidence of a Reawakened
Activity.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, June 22.-Speculation was
decidedly irregular in tone this morning
concessions following closely in the wake
OF activity and stationary prices resulting
from indifference. The trading, as on pre-
vious days of the week, was almost ex-
clusively professional and the result of dis
appointment at the non-appearance of adj
ditional bull incentive.
The decreased public demand is the
strongest reactionary argument in the
street. as business reports and prospects
are uniformly optimistic and viii eventual
ly establish a broader speculative plane
The market for sterling and continental
bills has ruled strong throughout the week
and has prompted cautious trading among
some of the more conservative operators
The demand for remittances has come
largely from sugar and coffee merchants
and from arbitrage houses against settle
ments of July interest.
Americans going abroad for the summer
have inaugurated brisk demand against
travellers credits, but the pressure from
this source will shortly terminate.
The actual market for sterling advanced
about Lie per cent for long bills as the
result OF a steady recession of discounts in
tinental centers was responsible for a
| greater advance in all classes of CONT
| mental bills. The final transactions in this
department were steady at the advance.
|
tracted the attention of traders, liberal
| sales for the account of a prominent room
| operator, assisted by important realizing
cline
The stock showed almost no raliying
power and closed at the lowest price Of
| the day. Interests quoted as confidently ex-
pecting sharp advance beyond any price
OF recent date were noticed among the
group OF sellers today. 1t is impossible
| to estimate to what extent the decline will
| be continued. but 1t is likely that further
moderate purchasing demand.
| Chicago Gas was sold down to 1 per cent
on a fair volume of business attributed
| to room operations.
Manhattan declined per cent on a re-
| vfval Of rumors relating to the injurious
| effects of surface competition.
Metropolitan Traction, one of the great
| negotiated an important lease of a valua-
| BILE property. the details and purposes of
| which are not definitely known. Tennes-
| see Coal and Iron fiuctuated within narrow
limits, but reports of the company's BUSH
| ress continue encouraging. and rumors of
| a further sharp advance were freely cir
| culated during the morning.
| The most noteworthy feature of the bank
| statement is a gain of nearly S5,O00,000 in
| loans, a circumstance rejecting an extern
| sion of commercial accommoda tions. This
| growing demand for money in business cir
cles is direct evidence of awakening COM
| mercial activity. The changes in cash
items are small, and merely reflect the ex-
panSion In loans.
| decreased, S1,414,6J0; loans, increased, 81
| $50. 500: specie, decreased, s394.o00; legals,
| increased, $780, 100; deposits, increased, So
| 643, eco, and circulation. decreased, $4,000.