The sun., 1898-05-22
Y4raro1lE 1rD oornanorlE.

Tho weekly statement Of averages Of the Al
aociated Banks shows several importan
changes The banks have gained In Lawful
money ever 1850. 900. the greater part of It fl
specie. This increase. which IL much larger thar
hna been generally expected. 10 the result Of i'm
ports Of specie. heavy disbursements by tbs
rrsasurY and moderate return movement oI
currunoy from the interior. OF equal impor
tanco II the increase OF nearly ee,000O00 In
tho loans which shows that the banks, feel
ing confident Of their position, are now ex'
tsndinR liberal accommodations TO meritoriour
borrowers. Although the two changes noted
have increased the deposits over S1A75O, 900, a
Ounicisnt amount oflawful money remains after
Providing the lawful reserve against the larger
deposits to bring the surplus reserve we'll above
$4,000. 900. II IL hardly necessary 70 add
after this brief review of the statement that the
banks are In an exceptionally strong position
and ready to meet any demands that may be
made upon them In connection with the placing
Of . new Governmsntloan.
To-day's stock market was quiet. but In the
main strong During the nrst hour prices
yielded fractionally under moderate selling BY
small holders, who were reluctant to carry their
ventures over Sunday. There was. however.
no pressure to sell, and operators for
short account appeared 10 be reluctant to
pursue an aggressive policy. During the last
hour the quiet but substantial buying that has
been feature Of the market for several days
past became effective. and in consequence the
majority of the list closed higher than yesterday.
The transactions were not large; indeed in no
stock did they exceed 10000 shares There was,
however, fairly good distribution Of busi-
ness and several stocks that have been neg
lected for some time past received attention at
advancing prices. Among those were Ameri-
can Spirits, Standard Rope and Twlne, and the
wheeling and Lake Erie stocks. The last
named, 90 well as tho stocks of other
Ohio soft coal carrying roads, were favor
ably affected BY the progress that Is
being made toward the reorganization OF
the Baltimore and Ohio Railroad Company.
That company, owing to its bankrupt condition,
has been largely responsible for the demoraliza-
tion Of the bituminous coal industry Of Ohio
during the last two three years. The market
for American Spirits and Standard Rope and
Twino was influenced by tho improvement in
the conditions affecting the industries in which
the two companies respectively engaged.
The market for securities has been compare
lively dull all the week. At the same time It
has in the main been strong. because easy money
and unusually favorable domestic conditions
have outweighed the possibility of disaster TO
tho American Navy. Other circumstances af-
hcting the current speculation are the cessation
oi sales by London. excellent railway traff1c
TeurnS. an easier money market, and lastly
0igStrado. The closing of the stock market was
Dtrog at about the best prices.
AS,ompared with the final prices of last Sat-
urdA1 the majority of stocks are higher. Tho
more Important net advances are in Pullman's
PalaceCar, 81 y cent; Consolidated Gas, 4;
u. 8. leather preferred, 3a; Rock Island.
Sk; AnNrican Sugar Refining, 27s; Metro
politan Areet Railway. ga; American Spirits
y, preferred 2A; Cleveland, Cincinnati, Chicago
k,rta La. mi notf
1iE Burlinson and Quincy. Peoples Gas and
Western UADn, 1ss each; American Spirits and
Manhattan hilway. III each; Northwest. lie; |
St Paul III. s. Leather and Wabash pre-
ferrcd. . eacEAnd Missouri Pacific le . cent. |
The notewortha aeclineS are in Denver and Rio |
Grando preferN, y cent; Union Pacific, Ss; |
American Tobao and Louisville and Nash
Vile. Z y cent. sh.
Few Herk stoolG1chanEo-salos May N.
CLOSING PRICES UNITED STATES BONDS.
On Ct sSr un st a. e. 0'"' A'"'"'
npote' 30 1925. ...12l% 1921 |
49," lUn st 5s.r.
Ise7."..1os lob i'lso4. ..I1eh lllh
"' IN St So. O.
ul uS4. '1oe1 III lso+.....l1ob ll1h
Un \ St %.
losS....12l% l2shl lSso..1oa
RAILROAD AND OTHER AwDs UN 81 .ooosl
40 A'Oh sa' S'''.. 63 63s 6&Ngni..s,.llah
30 ................. 63bI IL Int en- 7aL,
................ 63s 3 =. 1os
30 Atch gnl AS..... S9II6 8 Me- Ea IN IdO |
BS ................. 90 8 MOL A Ea 1st o7I, |
Am TobScrip oos Met. cd Ioch
Ann Arbor 4s.. 90 Nil a -. 1oo, |
3B&o g. 1885. lo3blll NPpIr osL
26 Bait q o. Pbr..1o6 6NPgni, eo
6.........."....1O6h .......... 6oL
10 o............".1o5h Or L. ing 6ss
BrOOk n Gs... e17s q Ore Imp Ia oo.
ID ................ o6 Ore Imp Ia
cSo en- os....11sh Aip,,:..... 6eA
~ CG o gal +lsS.. 7elo Read gal AS.., saI1
......."........ 79Ss 8 ...".........ssaIs
:.'.''.'..'.''.:: 1S+ o..:......'.''..'93k
Q, D d, 8 Rio @ " lst.... az
S1....,...... 97a ................. So.
c,B& odsb o. o6 o SO Pac OF Calcn 81
Chic& IEnl 90 o4as o So P OF II lst1O7 |
10 pst City oS.. 90 stL& sF% a.. 76
............. 90h So R'way 6S.... e2 '
e3 .......".....". 81 l o stJ&aI2-84S 74I
10 ..........".... e1ia l z Stan r At inc. 14ha
Egh"A S-AS.... 7la 2 ................ ld1
EIenh os'''.'1o7la ................ 14Ss
2............"...1o7| 8 S............... 14S
2n&PHbS,PH 9TRRAofStL
div............ 81 en- os......".1o7
8 FtWorth ist... 72 1881
20 .....,........:.. 72l0 Tex Pao I'd In. 33ia
y. hg &S Un Pac 4S..... 90
Mp bS.".... o2AI3l ................. e21
6............... 90 22 UP. D&GlSt.
10 Iron ut oS...... o3ia tr."........ 67a
b .........-.... 93] 80 ...,............ 67S
................ o3h 20 ............... 67k
o mt& GtF 3D.. 62aI go wab sd........ sIa
3 Kan Tex a.. 80 2.....,........ 2 e11
RK&T2d...... al ,,,, 8ls.
b Lake sh lst O.. 09L West sh IL. r..1o7
o6 Lake sh hsioS...lo3II16 w&LE,w div. 90
SstalsalsS OF railway bonds Cpar vAluOh s774.oOO.
RAILROAD AND OTHER SHARES.
Open. High LOU- --Closfne-
NaH aaf at ,LaI
SEES AnsR"lsA% 36S 3AS 1861 1864
zoe AnsRD.1l2 1l2 l12 1924 ll2h
ooSS AmsA. 12 12h 12 12S l2h
500 AnsAp 81 31h 81 3lh 3lA
$3.50 Am TON.l oRh Il loealOs 1904 1907
% An EE..ls5 l2s 1913 l25 l3o
1883 Atcb.TE
Sep. 80" soa aoh sos 500.
iooAAaisp 7s 70 7s 77I 7s
100 DrunSwk Ga z