Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-24
GUILD SECURITIES VERY ACTIVE
spe.lsl DISPATCH TO The Star.

Special Dispatch TO The star.
NEW YORK. February 24.-The general
stock market ruled very firm this morn
ing but the dealings were in rather light
volume. and activity converged largely
upon a few issues. in the railway hist the
leaders I'm respect of activity were Union
Pacific, the Wabash and other Gould Sc
curities and the Mexican railway issues
Union Pacific was easily the feature OF
the market IN all respects, and the trading
in that instance was again accompanied
by reports that an early announcement
would be made with regard TO distrieu-
ton TO the shareholders in some form OF
the equities which have accrued by reason
of the Union Pacihc's investment in the
Northern Securities Company.
While IT was said in well-informed quar-
ters that these reports were somewhat
premature. the fact that some such dis
trlbution viii take place within measur-
able space Of time was generally accepted
There was no particular explanation or
the revival of animation in the Wabash
and the Mexican railway issues, and, IN
fact little novel information or gossip at
tended The movements in the railway list
IN general. Brooklyn Rapid Transit was
again strong and fairly active, but other
wise the traction shares were neglected,
Most Striking Movement.
The most striking movement in the in
dustrial and miscellaneous shares took
place in Consolidated Gas which scored
further sharp decline on yesterdays intelli-
geuce respecting the action taken by the
state gas commission. The stock seemed
10 be almost entirely wanting in support.
even after the seveye decline which it has
suffered since yesterday morning, and the
Consolidated Gasl debenture skies lost
ground in sympathWwith the stock.
Elsewhere in the miscellaneous group
price movements Nere rather irregular,
with some evidenceS of prolJ taking In
Amalga mated Copperfand the United States
Steel shares. American stock continued
strong in the London market. and moderate
purchases for foreign account were con-
Quoted in the local dealings.
The weekly reports of the mercantile
agencies upon the state OF the countrys
trade were satisfactory exhibits Little in
huence seemed 10 be exerted in the deal
lngS by the course of affairs at Washing
ton yesterday relating to the railway ra tie
bl!i. or by the several other matters with
which attention has recently been occupied
The Bank Statement.
foday's bank statement figures were
somewhat out Of line with the preliminary.
estimates, and in addition. afforded a poor
technical proof inasmuch as the decrease
in deposits was about Sl,OaOGOO greater than
tie combined contraction in the loan and
cash accounts. The increase in actual cash
amour o s. 2is,o00. whereas most of the
prel!m..-.-Gy vstimates had concurred in set
ting forlN fair increase IN that item. The
Uuio"kei-j7r change there was commonly
taken as correcting the discrepancy which
app artd iu The cash item In last Satur-
day statement. The loan account was
cuEtaiIed to the extent of $3.O7S.00O and the
deposit account decreased S6,334 0oU The
decrease in reserves shown amounted to
SGdi 0uu which leaves the banks surplus
holdings of cash at Dps 0O0 Surplus re-
serves in the corresponding week of last
year We're $lI,64GoUO; in 1904, So. $50. go,
and ia 1893 s.. 95l, coo
The stock market closed with a rather un-
certain tone, being finally Influenced by the
continued decline in Consolidated cas-. al.
though those stocks were the leaders in re-
Epect of strength and activity earlier in the
day and continued in good request