Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-02-17
Dizziness Continues to Be the Feature
in Stocks.
PUBLIC WATTS FOR LOWER PRICES
War News Has Ceased to Plav
Any Part.
GENERAL MARKET REPORTS
special Dispatch to The Evening Star.

Special Dispatch TO The Evening Star
NEW YORK, February 1.-THE stock
market was entirely in the hands of the
professional element this morning, and was
inclined to lower prices in consequence
hohaon was dull and featureless. but
would have bought moderately on this side
mad the local market been responsive Tho
steel stocks were sold down during tn,
early trading. together with other Indus
trial shares, on the general theory that
they mad had a considerable advance and
might be expected to react during the more
active money period incident to the quar-
terly interest payments
The market has cut away from the for
eign war situation, and disregards both
good and bad reports from that center. In
similar manner it has become Indifferent
to home developments. as was shown In fits
neglect of the best features in the currency
DILL 1t is true that the conference COM
mittee may make important changes In this
measure, but its vital features, at least are
assured. The market halts very noticeably
and no satisfactory explanation is at hand
Inc most plausible argument is found I'm
the almost universal belief that a consider
able volume of stock is awaiting a market
While speculative holders are wanting to
get out. it is only natural to expect the
public to wait in the hope Of firing out the
present holders and tempting them to sell
at lower prices. The result of these COLI
filctng purposes would be just such a mar
ket as at present exists. Since there is No.
market of proportions equal to inspiring a
public demand it is likely that prices will
fail to improve materially under the domi-
nation of the room. Unless some positive
developments Of an adverse nature arise
there should be willing demand AT an
concessions in the railway list.
Earnings are holding and officials are
cohHdent that new values will be added 10
Inelr properties during the present season
There may be frequent pauses in The adj
vance. but at such times investors may
ma the advantages they have been waifinf,
LOT. Pessimists are few, but the influence
OF the optimists is only negative Ag-
gressive buying could easily advance ~.
entire market. but it is doubtful n a al.
OF an equal amount of stock would accom-
pilsh a proportionate result in an oppnsft,.
direction.
The bank statement was unfavorable h,,t
not disappointing. The net loss In lawful
money during the week has been 50 :,oi ION
about equally divided between sperie and
royals The loans have increased SI36S4 =
-t" making a total increase of about S-,5
100000 in ten days. The money has Mt
come into the stock market. II is suggest
ed that the demand comes from CONNER
ciaI borrowers, but this is extremely ,InIIbt
ful. A shifting of loans from trusf com
pahles, from out-of-tOwn Institutions and
similar processes are the more nlauSibla
me increase in this weeks loans is foo
small by nearly Si,D0WD as an effort 4,
balance the statement shows. The deposits
increased 6,23l,2'm. and the net rasf1, ~
all changes is shown by a decrease If 5.
Silva III the surplus reserve. reducing The
total fund TO S24 .o1j go