The age-herald., 1901-09-13
STOCK MARKET
 IS FREE AGAIN News from Buffalo is Eliminated as an Influence BANK STATEMENT FEARED  Apparently There Is No Escape From Weak Showing for the Week.
 Banks Lost on the In-
 terlor Movement,

New York, September 12.-The news from Buffalo was practically eliminated as an influence on the stock market Tor the first time since last Friday. The com ing bank statement began to loom big on the horizon as tomorrow's preliminary figures of the weeks cash movements will allow some estimate of what the showing will be In tho item of loans, however, the statement Itself on Saturday will have to be awaited. Apparently there can be no escape from a weak statement on both scores. The banks have lost cash on tho interior movement during the week, but the drain to the sub-treasury has been senslbly diminished. Large payments have been made to the banks on account of Australian and Klondike gold, and ths diversion of internal revenue receipts in- to the bank deposits is apparently begin ming to affect the account with the gov ernment institution.
 The increase in government deposits from this source Is to be distributed ui- .timately among banks throughout the country that have bonds with the treasury to secure them But the bulk of the pay ments to the government are made ia New York and consequently they will be deposited temporarily In New York banks. Tho acceptances by the secretary of the treasury of lenders of government honda were not known until after the market began today, and of course was felt
 Yesterdays feeling of skepticsm of the efficiency of this measure to give such re- lief to the money market as would bene- fit speculation In stock was deepened today. and the additional sharp rise In the bid price of government bonds on call increased the doubt as to tenders being made at prices which the secretary would be inclined to accept In any large amount. The expressed unwillingness of the sec- retary to offer any consldera ble bonus to owners of bonds to induce them to sell influenced this feeling which was cons siderable factor in the heaviness and un- certainty which pervaded the market all day. The St. Paul dividend episode wan disconcerting to part of the speeulators who had made very content predictions of an increased dividend an had bought stocks on the strength of their belief Their most pla Vslble argument was that at the time the St. Paul authorities re- jected the offer from Northern Pacific which was afterwards accepted by Bur lington assurances were given to stock holders that they would fare as we'll as though the offer had been accepted. Re public Steel was particularly weak as an after effect of the poor showing of tha annual report, and Amalgamated Copper was censpicuously weak under pressure all day. Sugar was sold ostensibly on ac- count of the close of the fruit canning season. Other price movements of any considerable extent were in stocks of lit- tie prominence.
 Railroad bonds were dull and firm. To- tal sales, par. value, s1,395,00o. United States ss advanced A, the old 4s and 5s #, and the new 4s, X on the last call to- , day.
 New York Stock Market.
 Nv Private Wire to H. D. Cothran & Co