Evening star., 1901-11-16
fAFoRARLE BlH sflfRIEIf
Indications Of More Combinations
GENERAL MARKET REPORTS

SpeeisI Dispatch To me Evsninx star
NEW YORK. November 28.-rke tone
OF the stock market 81 the close OF the
week Rejects a. decided Improvement Many
OF tia fAars which prevailsd IN conserva-
tive quarters earlier n the week have
been dispelled BIZ further assurances tina.
the real leaders Of the market are fully
advised as to the wisdom or their action.
An unexpectedly favorable hank state
ment helped to inspire conndence in the
future of the market Tho banks have
gained $Ss0.2oo In lawful money, or about
the amount Indicated yesterday. The loans
have been decreased s4,427. 600. which Is a
most gratifying change especially since n
Is the second decrease IN the face of a
broadening speculation.
A decrease in deposits Of $3.50. 500 is
snowns and the net result OF all changes is
an increase Of Sl.41S.90o In the reserve,
bringing the total surplus up TO $40. los S25
AS matter Of fact the banks are really
ABOUT :. 10000 better or than this show
ing indicates. as the result Of bond sales is
not Included In these figures.
indications now are that some large
blocks OF b9nds VIII be offered to the treas
ury during the coming week. and the
checks In payment Will go a long way to-
ward onsetting an outflow of perhaps 81 :
100000 gold TO Paris by mfd-week steamers.
The advance of y OF per cent In bond
quotations today suggests a possibility of
tie governments advancing Its purchasing
prices.
Bond sales and the incoming currency
from interior points are likely TO overcome
the adverse sentimental Influences of gold
exports. In the exchange market cotton bills
should soon appear IN volume and do away
with further shipments OF metal, except
where 1t is done for the commission mere
ly and without regard for the routine con-
sideration.
Trades reports as complied by the lead
ing commercial agencies are most encour-
aging, and there Is no evidence OF any
slackening In general business activity.
The far-reaching Influence of the North
ern Pacific settlement are but slowly get
ting their fun recognition. but the weeks
developments along the line Of harmonious
In railroad affairs.
The plan Is in Its infancy even now and
the best features OF 1t, 1t is promised. are
yet 70 be disclosed. AS previously Insisted
upon the real danger in the market was
traceable to a money condition which seems
to be at variance with the confident utter
ances of the leading bankers. Up 20 this
time the bankers have had good grounds
for confidence and the one disturbing factor
has been the loss Of gold
Ihis drain Is TO be counteracted by arti-
fcial means, which may serve until natural
forces again assert themselves
The buying today in a few specialties In
dlcates that several movements OF more
than ordinary significance are in progress
Heading issues were taken in round
amounts, and again by First National Bank
interests American Locomotive shares were
advanced under big demand based upon
earnings and the prospects for important
inside developments. American Smelling
shares were bought by houses identified with
the management, and the prospect for divi-
dends on the common shares are called
good The market, generally, closed around
best prices.