New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-06-25
BANK STOCKS ON STOCK ExcHANG
FINANCIAL MARKET
Bank Statement Figures Show
Gain in Cash and Reserve
Holdings.

Stock market prices were strong
throughout the two hours Of trading on
a volume of business amounting TO o'o'-
% S shares, the increased activity ana
the advancing movement being based on
the decision Of the United States Circuit
Court Of Appeals in st. Louis against the
government in the so-called Hartman
merger suit. The court held that the
Union Pacific did not attempt an illegal
combination in securing control of the
Southern Pacific, and that no conspiracy
to monopolize or TO attempt TO monop-
olize trade or commerce among the
states or with foreign nations was
entered into. Furthermore, the court
holds the fact that the Union Pacific
company has not undertaken to secure
the control of the Atchison, Topeka q
Santa Fe, a thoroughly well equipped
and powerful rival for transcontinental
business, or the Denver & Rio Grande,
also a powerful rival for the same bust
ness, affords additional and conclusive
evidence Of no such combination or con-
spiracy as charged in the government
complaint The decision naturally en-
couraged bull enthusiasm on the Stock
Exchange. Both Union Pacific and
Southern Pacific shares advanced net
more than 3 points, while gains of |
point and more were common among the
other active issues. Atchison, Great
Northern, st. Paul, Louisville & Nash
vile, Northern Pacific, Reading and
United States Steel common being feat
ures. Among the specialties Underwood
Typewriter was again the leader, ad-
vancing jI2 points to level 1Ol2 points
above the closing in Thursdays market.
There was a large volume Of covering in
the general list and the formation Of
another short interest around the close,
the latter operation being based on the
idea that the quick advance would at
tract active realizing by outside interests
| in to-morrow's trading. In addition to
the Union Pacific victory as bull factor
the market was helped by better weather
reports from the West than noted in
many days.
Weekly Clearing House figures show a
large increase i'm the combined cash and
reserve holdings Of the bank and trust
company members Of the association. as
compared with a week ago. but the com.
parison is not of great value. as the fig
ures Of the trust companies include one
more company than those of last week
when total actual reserve stood at S14.-
3O1 go. against SS4. 562, 900 yesterday
Loans increased S31 $4,000. while cash
increased $1S.14S,000 the latter compar-
ing with an increase in the average casl
of S29,O74,00 Trust companies anC
state banks not reporting to the Clearing
! House show loss in cash Of more thar
| S4,300,0OO and a contraction in loans OF
| $50, 26S, 500, which. with the expansion IN
actual Clearing House statement loan.
of SCI $4,000, gives an idea of the effec
another trust company to the Clearine
| House Association. The new form OF
! the Clearing House statement present.
many good features, but IL would be OF
| far more value If separate figures coulc
be given for the banks and trust com
panies in order TO make accurate com.
parsons with corresponding times in pre-.
! ccding years possible.