The age-herald., 1899-08-06
NOT MUCH DOING IN STOCK MARKET There Was Some Disposition to
 Advance Prices. THE BANK STATEMENT WEAK London's Loans in Germany Being Call ed Home Great Activity in Bonds
 With the Changes Gen
 erally Small
 
THE BANK STATEMENT WEAK

New York August 5.-There was not much doing in the stock market today The half holiday on Saturday takes away many active operators on holiday trips. The London exchange was closed and will be until after Monday, thus subtracting an appreciable factor in the usual activity. Nevertheless the days dealings represent fairly accurate reflection of speculative opinion in general conditions. There was some disposition to advance prices in the early dealings on account of the uniformly favorable reports of commercial agents. But this very condition is a factor in the anxiety over the money outlook which dominated sentiment as the time approach cd for the publication of the weekly state ment. Money is in such large demand that available supply for speculative use is greatly curtailed. The bank statement when it appears was again weak beyond all ex- ception.
 With forced liquidations in progress at some points in Europe and with possible demand for money to move the crops the statement brought selling of stocks and a sharp decline. St. Paul and Omaha, Pitts burg, C. c. C., and St. Louis Kansas City, Pittsburg and Gulf, however, rose from 2A to 2A. American smelting and American car preferred showed some signs of strength. Otherwise the market closed weak and lower all around. The stock mar ket indicated during the week disposition to move upwards, but was restrained by several conditions, most notably of which the continued anxiety over the future of the market. The money rate throughout the week held stiffly at about per cent
 In spite of the elements of doubt and ab- sence of majority of big and leading spirits business has shown a notable in- crease over last weeks figures, and the av- craze level of prices is higher. This is most notably true in the industrial stocks on ac- count of the great activity and prosperity in all kinds of business, especially the iron and steel industry. Events in the financial world continue to shape themselves toward a higher rate for money for some time to come. There is evidence that in the gen. eral tide of prosperity the extension of credit in some quarters has been so liberal a scale as to draw down reserves below the point of sufficient security from a conserva- tive net point. Thus the Bank of England and the continental banks have been struggling to replenish the bullion reserve. The London money market loans in Ger many are being called home. The liquida- tion in Germany seems to be going safely enough, but the London withdrawals keep up the Berlin money rate Government sta tistics both in Great Britain, Germany and France show large expansion of trade so that in spite of the replenishment of bank ing reserves going at all three centers there is increasing employment for money.
 The activity in the bond market has been greatest in the speculative issues, which have advanced. Changes generally have been small United States 2s 3s and new As advanced A in the bid price.
 Ry Private Wire to Talbott & Palmer.