Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-10-30
Slight Gains Made in Prices Of
Stocks for the Week.
CONSOLIDATED GAS TEE EXCEPTION
The General Market, However, is
Dull and Irregular.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, October 30.-The net re-
suit Of this weeks operations at the stock
exchange is reflected in advances varying
from l to per cent. The most conspic u
Gus exception to this statement is shown
In Consolidated Gas, in which a decline OF
ID per cent, the bulk of it recorded today,
Is represented.
Inc entire week has been given over to
dullness. no significant trading being noted
at any TIME except. perhaps. the early SELL
ing of Union Pacific on the advance in the
syndicate bid.
! Politics have been far more influential in
directing prices than actual financial de-
velopmenfs. Specializing on next Tues
days election results has been fully as ex-
tensivs among downtown operators as in
stocks and bonds. Otherwise the increased
prices in the railway list might have been
more substantial, earnings being all that
could be desired, in many Instances.
Under the surface of the situation there
are unmistakable evidences of confidence in
improving merit once the political situation
gives way to less complicated conditions.
There is consequently no pressure to sell
well-nargined or investment holdings. the
unsatisfactory situation being reflected in
long stock.
London's holiday or Monday, and Tues
days holiday locally, will make Wednesday
day Of more than usual interest to those
contemplating some action the moment the
prospects for the immediate future clears
sufficiently. OF today's narrow trading
there is little analysis possible. Traders
bid up stocks at every point of demand
Burlington leading the list while the bal
ance of the granger group responded to
Ike extent of a few fractions.
Union Pacific was weaker than the gem
eral market under the influence Of its pend
ing sale.
The bank statement reflects a gain of
S,4S0,000 in legal tenders and a small in
crease IN specie, making the total gain in
lawful money S3,335,G00 An increase of
over s5,ov0,OOO in loans is particularly en-
couraging feature of the statement The
narrowness of the market indicates very
clearly the increasing demand for money
outside of Wall street although several of
the financial transactions of the week are
undoubtedly represented in this increase IN
loans.
The changes above noted result in a gain
OF E,SI4,oOu in the deposits which in turn
require an increase of 81 .3U7 900 In the re-
serve. The surplus reserve is, therefore.
something over S24,OW.OOO.
All things considered these figures are
encouraging in the application to stock
market movements.
With the conditions of business so prom
;sing, 1t is altogether likely that activity
VIII return to the financial markets during
the coming week
Inc local mayorality elections have been
magnif1ed unduly so far as their bearing on
prices Is concerned, and conservative in
terests now agree that the influence Of
having had the elections will prove superior
TO the triumph of particular faction In
the states, however, much more is involved
and prudent operators will look to such
sources for guidance during the next few
days. Conditions being in harmony with
the desire for improvement there would
seem to be no good reason for postponinr
the movement Any material delay at this
5uncture will throw the market into the
hands of the room until after Congress
gives some assurance Of its purposes at the
coming session