The evening times., 1900-05-05

n "eeh hotabie only Tor ITS lack OF nOta-
bic events was ended with another ex-
tremely dull session today in the stock
market. The bank statement was the only
break in the monotony and that had very
little effect on the market. For quarter
hours together there were almost no sales
and the total business for the dav was
probably the smallest of the year Even
the professionals were afraid TO make
Hentures or either side of the market and
the commission business was ed to a
few hundred shares. The closing prices
showed only fractional changes some ad-
advances and some declines. There is moth
iag significant in this except that il is ex-
setly the condition which usually precedes
an upward movement in the market-duu
ness after big decline in prices
Ihe bank statement was not a disap-
pointment because a small loss in reserves
had been looked for. The item of loans
was the one that decided the character of
the statement. There was an increase in
cash despite the export OF gold. but the
immense loans cut the surplus reserves
down more than a million dollars. The
hSures are in reality very good. They
viii have no bad effect on next week $
speculation. Reserves decreased s.. .9g5. .
500. loans increased SIS. .221. 400: specie in
creased s.. .010 800; legals increased s.. .I66-
tiOn increased $50, 500. The outlook for
next week is good. The professional II ar
ket may continue for a day or two more
or IL may give place Immediately on Mon
day morning to an upward movement In
any event. brokers of experience talk most
confidently OF a coming advance The fin
aneial situation is in every way favorable.
April gross earnings as far as they have
yet been compiled are a telling argument
against the calamity howlers. Thirty lines
for the month show gross earnings of SIS
III. .S51, an increase Of 81. 1872 423 or ap-
prxoimately l3 per cent. During the fourth
week of April the gross earnings OF TWEEN
ty-seven lines were 81 145 252 an increase
OF s444.046 or II per cent. 1t is perhaps
needless 10 allude again to the fact that
the net earnings generally have also been
highly satisfactory despite the very heavy
expenditures for improvements that have
been made nearly everywhere. rhe out
look for net earnings moreover is even
more rosy than that for gross during the
coming six months on account of the pOssI-
bility that materials will be reduced in
price in the near future.
The only gossip that approached the
point of excitement was that regarding
the sugar company. Again the story is
told that the Sugar war is ended. and this
lime there are creditable people behind
the statement Ii is said that there will
be news regarding a deal some time next
week. Sugar stock did not respond with
much alacrity to the gossip. but it made
a slight gain for the day
The new story regarting Long Island
was that the Pennsylvania has purchased
the line, or a controlling interest in it,
There is little II any more discoverabIe
foundation for the rumor than there was
when the Vanderbilts were supposed 10 be
the purchasers. The stock was somewhat
active yesterday. reaching a new high
price Al one time.
The grangers held their own we'll hut
made no net gain for the Day The state
ment that the Rock Island has earned more