The sun. [volume] (New York [N.Y.]) 1833-1916, 1900-12-02

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oommoda,,on. from the rleari,g Unn.. bank.
A. .oon as IN. De- , d,shu,s.rn.n,s ar. di.-
,rlbuted ,bere will naturally be q .hIft-
ing back Of call loans ,o institutions. no, MEM
bers Of the Clearing House The increase
in the deposits Ia fully accounted for by the
expansion Of the loans and the compsratiyalv
small gain in lawful money. The net result
does not inn air the surplus reserve materially.
leaving that item very nearly 1 i.OCo.OOo
Tho outlook for the money market during
the next thirty days seems 20 be all that could
be desired. The banks are in q reasonably
strong position for this season Of the year,
and there are no indications ,nut any special
demands will be made upon them by their Gus
toners. either for cash or accommodations.
The large disbursements this month and at
the end Of tho year will probably absorb .
large amount Of securities and thus bring money
TO Wall Street rather than take II out 81 II.
The fact that the Government will SUSPEND
the conversion ~ bonds at the end 81 this year
will In all probability stimulate the exchange
Of old for new bonds. incidental to which con-
siderable amounts will be disbursed for adj
justmsnt Of premiums. Moreover. reports
come from Washington through channels
that Indicate knowledge Of what Is likely to
take place that the Government will buy bonds
70 the amount Of sl0.coo."o to sis.o0.o1 for
tia sinking fund during the current month.
Irrespective OF thess transactions the local
sub-Treasury will pay out next week about
A.Ooo.oo0 for pensions, Still another resource
that should not be overlooked Is the immense
amounts OF money due the United States from
foreign countries In settlement OF trade bal
ances. Upon this point 1t Ia To be noted that
aimee the last fortniRhtly settlement on the
London Stock Exchange early this week. Lon
don has shown q pronounced disposition 70
buy American securities- Its purchases yester-
day through foreign arbitrase houses Ns
estimated at about 5000 shares
The commercial and industrial situation ~
portrayed by weekly statistics and by trade
reports Of recognized value Is eminenty salts
factory Rank cIaanngs are n little amallAP
than for the previous week. owing TO the Thanks
giving holiday, but as compared with the cor
responding week OF last year show an increase
OF "a per cont More seasonable weather 70
desired In many lines OF business 70 promote
wider and more rapid distribution OF goods.
still the volume OF dealings In every branch 10
large. and the most significant feature 70 ths
absence OF complaints OF idleness on the part
OF those who are willing TO work. the same
time II IL also TO be noted that there are no
indications OF labor troubles OF any impors
tance. Theiron Industry shows steady Improve.
mont Doth IN prices ana In the volume OF ous-
ness. Inc anthracite trade Is literally oominG
owing TO tn" light supplies caused by the strike
The bitumlnous coa trade ID also In moo
romlsing condition with prospects OF heavy
exports, limited perhaps solely by inadequate
freight room. Tho exports OF breadstuns are
considerably smaller than last year. but this
ID Offset by the heavy outward movement OF
cotton and OF general merchandise, Including
manufactured articles.
The feature OF the dealings on the stocR
Exchange this week has been the rapid IN
crease In the demand for Investment securities
particularly bonds. The stock market. as
compared with the previous weeks since cleo
uon. has been rather a hosltaunS one and has
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