The age-herald., 1902-05-16
STOCK DEALINGS
 KEEP FALLING OFF Everything Under Influence of
 MidSu mer DullnesS MONEY IS STILL SHIF TING The Present Waiting Attitude of the Market Is Therefore Entirely Rea-
 sonable and Natural-Bonds
 Were Dull and Steady.
MONEY IS STILL SHIF TING

New York, May 15.-The passive con- dition of the speculation was not changed today. The volume of the dealings fell away to what is proverblally known as midsummer dullness. The condition or the stock market Is by no means abnor- nal at this season, due to the usual shirt- ing course of money resources and the uncertainties of the crop season oYer- whelming importance is attached to the fate of the corn crop this year, especially in view of the high prices of that cereal owing to last years shortage and the present prospect for only part Of the winter wheat crop. As the corn crop Is scarcely more than in the ground yet the chances of the future are almost too un- certain even for speculative ventures. The present waiting attitude of the market is therefore entirely reasonable and natural. So far as the situation IS strained and unnatural in any degree, it is due to the recent effort of pools and speculative pl1ngers to stir up an un- warranted activity in the speculation and to bid up prices to unstable heights. The money furry last week and on Monday was the corrective influence and has re- suited in the present conditions. The dull ness is accentuated of course by the additional element of uncertainty in the threatened strike of anthracite miners. The assembling of the Boer peace con- ference was also possibly oppressive influence, at least in checking the buying for London account which has been in evidence here for several days past. It is well recognized now that this buying represented mostly the transfer of hold ings from New York to London to take advantage of the cheaper money rates there and ...e demand on the London market yesterday made itself felt in the stiffening rates.
 There was a hardening tendency in Paris and Berlin which might be due to American demand for credits Our own sterling market steadied and rallied slightly today, marking the resumption of the balance of supply and demand in the local money market. Most of the price movements of any consequence in today's stock market might be traced to the in- fiuence of the acquisition of the Chicago, Indianapolis and Louisville jointly by the Southern Railroad and Louisville and Nashville. The strength of Chicago and Alton and Kansas City Southern stocks were obviously based on a speculative assumption that those roads might be available for a similar north and south junction. In spite of the strengthening of competing lines by the deal Illinois Central was strong. Louisville and Nash vile was distinctly heavy, possibly on realizing. and the early demand for Southern soon died out. Chicago, Indian apolis and Louisville stocks themselves were decidedly feverish relapsing vio- lently and advancing. The drop in Chi cago and Eastern Illinois which has been discussed as a possible outlet for Louis vile and Nashville, reflected disappoint- ment. The upward movement and the junior Vanderbilts had their inception in Lake Erie and Western, which seemed to be influenced by speculative theory of relation to Chicago, Indianapolis and Louisville. Virginia Carolina Chemical had the benefit of it's increased dividend. General Electric jumped points without explanation Movements otherwise were trivial and shifting.
 The bond market was dull but steady. Total sales, par value, $2, ,2T5, 900.
 United States bonds were all unchanged pn the last call.
 New York Stock Market.
 By Private Vipe 10 Murphy A Ca