The times. [volume] (Washington [D.C.]) 1897-1901, 1900-07-08

and narrow market is not unlikely. The
advice to buy securities on the recessons
for investment is still given in conservative
quarters. The street is inclined TO con-
slider the consent of all the powers. includ-
ing Russia, to the despatch OF a japanese
army to Pekin bulish item OF news, bat
ii had no effect on the New York market
yesterday, perhaps because there was no
London market.
Other news has been generally favorable
during the past week. Wheat has had
tumble in price, partly because the news
of the spring wheat crop has been better,
but chiefly because the highest price
reached was manipulative one that few
expected to see held. number of earn
ings statements for the last week of the
month and fiscal year were published,
nearly all favorable. The total increases
in gross earnings for the year will far
eclipse those of any previous year in the
country's history. Good reports from the
steel and iron companies have also been
received. indicating what careful people
have at all times believed, that the bust
ness is still a most profitable one, despite
the declines in prices. The talk of the
deal in the anthracite coal properties has
been heard on every side and there are the
best of reasons for believing that the cui-
mination of the deal is near. Heavy buy
ing of these securities and of others by
the Vanderbilt and Morgan interests has
been one important exception to the gen.
orally professional character of business.
Another advance in the price of refined
sugar has been made and there is talk of
the ninth advance this week.
Money has continued easy and despite
h. nj tot mt arIa DC
ally believed that there will be little dis
turbance in the money situation unless the
Chinese trouble becomes much more
threatening to the peace of Europe. The
bank statement was the cause of much
comment when it appeared yesterday
shortly before the closing hour. Various
explanations are advanced for the differ
ence between the figures as given and the
advance estimates made by usually good
authorities. The figures We're as follows:
Reserves decreased Observation-Disclosures. S1270, lis
Loans decreased Observation-Disclosures. 55S, 600
specie decreased ......................- l5o9,.oO
Legals decreased Observation-Disclosures. l5Di.6U
Deposits decreased Observation-Disclosures. 6i00.500
Circulation increased .................. u, 100
The Financial Chronicle" estimated
yesterday morning that the banks had
gained 1861 GOO. Instead they are seen
10 have lost nearly as much The theory
of most interest heard in the street gossip
was that the City National Bank had so
worked the previous statement lin the
interest of the trust companies, which
made their annual statements at the end
of the fiscal year, that it did not reflect
actual conditions in The least. The items
added TO the previous statement were lee
essarily taken away from that of yester-
day. Thus one statement was too good
and the next too poor
What has actually occurred in the move
ment Of prices during the week and the
past half month is shown accurately in
the following table of prices. number
of the more active securities are quoted,
the prices being those at the close yes
terday and on the two previous Satur-
days: