The age-herald., 1902-03-09
INTEREST IN THE BANK STATEMENT Operations Were insignificant Pending Its Publication MARKET IRREGULAR AT FIRST There Was Some Revival of the Re- cent Demand for Inactive Stocks.
 Cash Loss By Banks Started
 Heavy Selling.
MARKET IRREGULAR AT FRS I

New York March S.-Considerable ln- terest centered today in the bank state ment and pending It's publication, oper- ations in the stock market were without much significance except in a few stocks The early market showed some irreguiar- ity but the prominent railroad slocAs were firmly held and the limited selling was chief in the specialties, partiularly Colorado Fuel. Moderate buying or Ms souri Pacific and Rock Island advanced these stocks to 2 points and there was disposition to cover later in the spirit specialtses, bringing the entire market above last night. Colorado Fuel was hlt- ed 2% above yesterdays close but deal 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 Pacific coast common and the second preferred West inghouse Electric, Minneapolis and St Louis and Pacific Mail, the latter being bought on expectations of a renewed agreement with the Panama Railroad Company. Publication of the bank state ment showed a cash loss of nearly $90OO,- OO0 which more than doubled the pre- liminary estimate, started selling or the general list. Prices, however, did 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 S3OO0, 900, this being the first In nparlV two months,
 The immense cash losses was quite gen orally attributed to the Yagaries or the banks average system. With surplus re- seryes down to less than 900 and the gold export movement unchecked the opinion naturally prevails that higher money rates are imminent. The stock market closed active and easy.
 The powerful com nations which nave been in the market since the nrst of the year have kept .--e money market steady. The New York money market, however Is by no means exempt from the inhu- ences of foreign money markets by req son of Urge 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 railroad systems. AS a conseuuence the requirements by one TOT eign center upon another for transfers or gold be shifted upon NeW 1oEh l Hd | Is what is being done now in the market to meet the demands of Paris upon that center The London Statiet estimates that London is indebted to continental money markets in no less sum than $3OO,0OO GOO in short-time loans, of which fully 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 approacnng and provision must be made for another large loan to meet the requirements of the coming year. I he Bank of France has also accumulat- e.. the largest stock of gold ever held in its vaults, notwithstanding the dullness of French trade and industry, indicating preparation for future special demand upon its resources. This situation supple ments other factors, admonish.ng to- wards caution and conservatism in the speculation employment of capital. The Northern Securities Company case is an ever-present factor in Wall street con alterations.
 Bonds have shown some decrease from rt cent activity, but the level of prices was we'll maintained. United States 2s advanced 1a, the 3s 4, new As coupon 1z and the old As 3s per cent over lne clos ing call of last week.
 New York Stock Market.
 Hx f'riyate Wire to Murphy A Ca