The age-herald., 1901-07-31
TIE STOCK MARKET
 IS STILL WAITING Majority of Stocks Were Re- garded With Indifference PRICES ARE AT STAND STILL Impression Created by Yesterdays Market When Favorable Factors
 Accumulated Over Sunday
 Failed to Invite Speculation
PRICES ARE AT STAND STILL

New York, July 30.-The stock market this morning confirmed the impression created by yesterdays market when the accumulation of favorable factors over Sunday slgnally failed to invite in the speculation. Mindful of yesterdays ex- perience the traders were even more dis inclined to attempt movement of prices today. The dullness and sluggishness of the market exceeded anything that has been seen since last summer and autumn after the fall in prices owing to spring wheat shortage had been succeeded by the period of waiting preceding the na- tional election.
 The extreme fluctuations reached a point in oncy limited number of stocks, and in the general market the movement was wavering and uncertain. The largest part of the dealings was in the United States Steel stocks. But the reports in the morning newspapers of good pros poets of a settlement of the strike were intellectual to cause any strength in the stocks. Apparently spectators were dis satisfied with prospects however favora- ble of a settlement and were waiting for accomplished facts and signed papers as a basis for determining the present val ue and further prospects of those secur- iities There was a feeling of uncertain ty also as to how far the strike settle ment had already been discounted in the recent advances in the stocks. The few desultory advances in individual stocks, some of them in obscure industrials were indifferently held. The whole market sunk more and more into waiting atti- tude.
 The present ease of money takes that factor out of the immediate considera- ton. But the future of the moneymar- ket and the cautiuosness of bankers in locking up capital in long time loans serves as a warning of possible future contingencies. The course of the govern ment revenues is a disappointment to those who hoped for relaxation for de- mands on the money market from that source In spite of the operation of the amended revenue law the government re- cetpts continue to run well over those of last year. while the expenses thus far this month have fallen $S00,0O0 below those of July last year. As a consequence fhe government deficit this month is only a little over $2,OO0000, whereas it had amounted to $4,665, 395 by this time in July last year. The subtreasury at New York has taken over a million dollars from the mark At since Friday last. For the last week in July last year preceding the government interest in the disbursements in August the subtreasury yielded small sum to the New York money market. The continuance of these unlocked for conditions of the government revenue will materially affect money conditions during the period of interior crop demands upon New York These doubtful factors in the outlook discour- aged any buying demand and made the market soft and yielding even to the light sellf.; pressure that was brought to bear upon it. The reactionary ten dency gained force and the closing was dull and weak about the lowest, many important railroad stocks showing net losses of a point or more.
 There was some early show of strength in the railroad bond market on well diversified demand, but prices there were yielded in the late dealings The total sales par value, d. d.125, ,000
 United States bonds unchanged on the last call.
 New York Stock Market.
 By Private Wire to Murphy & Co.