The age-herald., 1902-03-10
INTEREST IN TIE
 BANK STATEMENT Operations Were insignificant Pending Its Publication MARKET I IRREGULAR AT FIRST There Was Some Revival of the Re cent Demand for Inactive Stocks. Cash Loss By Banks Started
 Heavy Selling.
MARKET I IRREGULAR AT FIRST

New York, March s.-considerable in- terest centered today in the bank state- ment and pending its publication oper- auons in the stock market were Wlthout much significance except In few stocks The early market showed some lrresu suiai ity but the prominent railroad stoehs were firmly held and the limited selilhs was chief in the specialties, partiularly Colorado Fuel. Moderate buying Of MIS- souri Pacific and Rock Island advanced these stocks l to points and there was d disposition to cover later in the splrit specialtxes, bringing the entire market above last night Colorado Fuel was hll- ed 2% above yesterdays close but oeai- ings were unimportant in the other metal stocks except Amalgamated copper which showed momentary strength.
 There was some renewal of the recent demand for inactive stocks but material advances were confined to Pacihc coast common and the second preferred West inghouse Electric, Minneapolis ana st' Louis and Pacific Mail, the latter pelng bought on expectations of renewed agreement with the Panama Ralroad Company Publication of the bank state ment showed a cash loss of nearly $90OO,- GOO, which more than doubled the pre- liminary estimate started selling or the general list. Prices, however, olo not yield much except in some stocks Whlch had notably advanced earlier and there was no decided pressure at any point. Some satisfaction was felt at the loan reduction of $S,OOOooo. this being the hrst In nearly two months.
 The immense cash losses was quite gen. orally attributed to the vagaries or the banks average system. With surplus re- serves down to less than $4,OO0,0OO and the gold export movement unchecked the opinion naturally prevails that hlgher money rates are imminent. The stoeh market closed active and easy.
 The powerful comD-nations which. nave been in the market since the hrst or the year have kept .--e money market steaoy. The New York money market, however is by no means exempt from the lnilu- ences of foreign money markets by req son of llrge obligations still outstanding as a result of enormous repurchases or American securities from foreign hold CTS in last years struggle for control or trans continental naIlroad systems AS a consequence the requirements by one TOT eign center upoS another for transfers or gold can be shifted upon New York That is what is being dane now in the market to meet the demands of Paris upon that center The London Statict estimates that , London is indebted to continental money markets in no less a sum than $3O0,000,- = GOO in short-time loans, of which tully half Is owing to French capitalists. The purpose of the Bank of England to keep control of the London market and keep up the money rate there so as to protect that market against withdrawals of capi- tai is therefore easily applicable, the more so as the end of the British fiscal year is approacnlng and provision must be made for another large loan to meet the requirements of the coming year. | he Bank of France has also accumulat- C.. the largest stock of gold ever held in its vaults, notwithstanding the dullness of French trade and industry, indicating preparation for a future special dem and upon it's resources. This situation supple mcnts other lactors, admonisl-.ng to- wards caution and conservatism in the speculation employment of capital. The Northern Securities Company case is an eyer-present factor in Wall street con alterations.
 Bonds have shown some decrease from recent activity, but the level of prices was we'll maintained. United States 2s advanced 1a, the 3s IA, new As coupon b and the old As as per cent over .ne clos ing call of last week.
 New York Stock Market.
 By Private Wire to Murphy 6 On