Evening star., 1900-05-26
FINANCE AND TRADE
Business in Stocks Was Dull and
Perfunctory.
BANK STATEMENT WAS FAVORABLE
Conditions All Indicate Period of
Inaction.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK. May 26.-Bus,nexs .oa.,,
was most perfunctory in Character ar5 ,n,,
resented only the evening up of nrofessior-
al contracts London did little as the resu,t
Oh the lack of initiative in the local marke,
rrices raj led from the low level of yester
ua9 closing hour and held their fractional
saIHs up to the close of business
ne discrimination against a firm of brok-
80 eo,leerhlng whom vague rumors have
peeh circulating all week has resulted IN
natural suspicion of their trad,ng i'
IN view OF this fact traders bid i'm nr,ces
,1 t ,i,e tneory that the firm in question
,roo,u "ou,u 9e forced to cover outstanding con-
tracts during the coming week .rha s,,,,,
~, ,ion IS unusual, and its influence can scarce
y pe iastihg as market factor
me pshR statement was about IN to ax
locations and fell fiat as an incentive to
iI ~. pasi'iess. ,.1sl The gain in lawful money is
sf-of.oU'' .i., made up largely of legal tenders
H ,uiheu from the interior. An Increase of
Sf,o3'.o'o IN loans is attributed to some
os hulcate operations. since neither the stock
ns',aet h nor general business conditions have
SHOWN the demand for new accommod..
tions. ~" ''eoiifi'oua-
An increase of S7,89O, 600 in the denos,ts
d"es not fully reflect the gain In cash aud
.js, Ians' par otherwise the statement is con-
;,Is. n me reserve gains 81. .257 900 bring
ing the total surplus above IapaI raG,,,re
ments up to S1S.Sl2325
me money market during the week has
e eseiopea s. unmistakable signs of increasing
a,, I l,ne loans aggregatng from FIVE to
seven millions. and covering the naxt half
year nave been made at per cent AND
under This condition allows brokers to
ptoViue Iunds through the entire campaign
Gnu ohiy the belated borrower should he
inconvenienced by any sudden midsnmmer
flurries. ''i''S summer
A reasonable amount OF conserv.tis,,
~, ,toii no" on should prevent repetition OF
nf
test. 20 Ae'iueii'iai com
me poollc Is not yet fully satisfied on
tnis point, and will refrain from buyinp mn
III the necessary assurances ara gj,.a
Long continued dullness will forca $50 So
sions, and even though no reason for 7,
ia ni uecilne develops. a patient waiting
WIN De repaid by saving in the cost OF in
VestmentS. " "
The adjournment of Compress 10 ,,s,,ai,
favorable to the market, but this wear tho
adJournment Is made for purposes of ac-
a'.ls ~ disturbing debate rather than for
cessation of It. There are few traders
VINO are buying stocks. however In Tho
otiel tnat the usual rally will take place
me dividend meetings in Atchison and
Norhern Pacific will serve to hold those
shares. since earnings fully warrant SOM
greater disbursement Afcbison's ra,,nr,
Tor April, showing a gain of S2.pp I'M, in .i.t
income, mas encouraged holders OF The nre
ld ierred shares Some important news from
South Africa is expected shortly and ,h..
market may be awakened from lis anathv
from that source. There is a considerable
snort interest outstanding and any .leier-
mined attack upon it would force a sharp
rally Whatever happens in the way of a
special movement is not likely to be la st.
lhg, and buyers around present prices are
awaiting only moderate profits Five ana
ten-polnt movements have. barring accl-
dents had their day for this season.
Following is the bank statement: Re-
serve, increase. s2.257 100: loans, increase.
si6S6, 600; specie. increase. 81, ,7Ss 800: legal
tender increase. 300: deposits. In
800 49, ~''-'