Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-06-07
Railroad Shares Generally
Lower but Steady.
A DULL DAY IN STOCKS
CHANGERS SHADE OFF AND RAIN
REPORTS.
Bank Statement Satisfactory - De-
crease in Loan Counterbalances
Loss in Cash.
Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK. June I'm the London
stock market today American shares show
ed little feature beyond steadiness OF tone
Prices there were practically on a parity
with our closing figures Of yesterday
Business at the start on the New York
stock exchange continued exceptionally
dun and the attendance upon the floor was
conspicuously less than for some time
There was only about 10000 shares done
in the first ten minutes Of speculation and
there was not a transaction in American
Sugar Refining stock in the first half hour
of trading. The trifling fluctuations that
occurred at the start favored both sides OF
the account, gains Of - to 4 being noted
In Missouri, Kansas and Texas preferred,
Sugar. Colorado Fuel & Iron, Union Pacific
Southern Pacific, and Steel common and
preferred, while St Paul declied /, and
there was a slight shading OF In Brooklyn
Rapid Transit, Erie and one >or two other
stocks
Norfolk and Western lost I. on account Of
the strike In the soft coal regions while
the excuse for the fractional decline IN st.
Paul was that excessive rains were report
ed In the west and southwest. The best
authorities on grain. however. say that
while rains have been Intermittent they
have not been excessive; I'm fact, SO far the
precipitation has been just what the crops
need at this time.
After the initial dealings Amalgamated
Copper developed little more activity and
firmness. advancing 10 6SAs. as compared
with 6 at the close yesterday.
Canadian Pacific too, showed a little
more support from the pool operating i'm
that stock and gained Is There was no
feature to the late trading, notwlthsta nding
the publication of a disquieting dispatch
from WiIkesbarre stating that trouble was
feared there on account Of the importation
of POO foreigners to take the place of some
of the strikers at that point. and that fed
eral injunctions were threatened against
the miners and the latter were to retaliate
by attacking the charter of the coal-car-
rying roads for engaging in the mining
business. This had no perceptible effect
upon values.
The bank statement follows: Reserve de-
creased s643. I25: loans decreased s.325.-
200; specie decreased 1921 .ptsl; legal decreas-
ed s929.90; deposits decreased s.. 49, 800;
circulation Increased SD. 100.
From the above statement il will be seen
that the banks have lost sl.25o.9D in law
full money instead of coming out about
even, generally foreshadowed yester-
day. Contrary also to expectations. there
was decrease Of 81 .32a 200 I'm the loan ac-
count. Under the circumstances the state
ment was considered a satisfactory one,
but its publication failed to cause any
increase in speculative interest. and the
market continued sluggish and apathetic to
the close, but the tone at the same time
might be described as steady
Railway and other bonds were firm while
government bonds We're unchanged. The
total sale Of stocks was - 500 shares and
bond sales, SfpS 900.