The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-15
FINANCIAL NEWS
AND COMMENT
Some Strength Displayed in
Stocks Despite Weak
:. Features.
SUPPORT FOR L. s. STEEL
Bank Statement Shows a Fur
ther Expansion Of the
Loan Account.
SUPPORT FOR L. s. STEEL

Considering the weather, yesterdays
stock market was rather surprisingly
active for the week end session. Such q
heavy and widespread storm IL usually
reflected In contracted dealings In Sc
curities. The price movement was not
Indicative VI n general trend, but the
tone OF the list Was generally firm The
Rock Island Issues fell to new low prices
Canadian Pacific was weak and there
was weakness or heaviness In Few other
directions, but the more influential shares
displayed strength Of varying aggressive
ness. The close was irregular. but av-
e-aged gain.
Trading vas no less obviously profess
sicnal than II has been for several weeks.
but the professional community was per-
vaded bv some return Of bulish senti-
rnent and there Wa. growing output or
Optimistic gossip, conjecture and advice.
Til. signs as the week closed were still
that whatever effort there was In the
market was on the constructive side, AL
though cautious observers we're not IA
voraOy impressed with the predominant
display of that effort In the extensive
array Of minor industrial and railroad
speclsitles which have had tendency
TO become prominent lately New YORK
Central hardened as an anonymous oni-
cial denial Of Anonymous rumors or
coming dividend reduction was circulated
Tho chief interest 81 INC day centred IN
limited States steel. which seemed 20 b"
-, t. .,-.,,,,sc q, thc uu-puYa OF
"'''''S '' - ,,,o ,,sl,ion
interests 'oi''''V"
nj
in II 10 take "ttern'ss VI '''' ~ VS.
advanced level.
News bearing ON the niarHct was AZ
minimum Tho weekly bank stateheh'
was first published IN r!"icn!onsls cou,
fused form, but on SUBSEQUENT cor'eStio"
II RENAMED ruzzliug exhibit. inc state
ment Ncol aeo was very inuch out oi
balance in respect e. the changes III cash.
loans and deposits and the actual showing
Yesterday was more than Sli.ouoooV on.
OF line In respect to these same items
Or the face Of tho return deposits should
have Increased approximately 81 '.vVV,-
600 whereas the gain reported was only
about g.. iuu.0 900. \ moderate cash loss
u.q arain shnNlL although. as was the
,a.. , ve,k a., Ale known movements
~ ,r,ucv had pniutad to a substantial
iu,-aa.. ", c.,sh holdings The loan ac-
- Md, a ,ur.,,,r axnansion of sl,-
o." ocn
:, to 800, o,oaro,, elm, Tho Wall S,-ce.
week wac very much affected by de-
Ne'oPiieu's' uo'''ce',' y, 'o' a'.''V '.,
o'v 80, ~ 80
good and bad. Tn" week abroad MAS
characterized 10y persistence Of Imam
cial optimism, which. however. has begun
IN be tempered by some conservative re-
rec:ions OH tho capacity of tho money
market To stand IN" test 90 IN" heavy
nfcr'iiSN ny No" securities 10 "hlch III ~
being subjected. while speculation IN out
standing issues 's growing and attempts
ar. making I" promote Il trade revival.
The lars. central banks of Europe pub
llshed excellent weekly statements. but
Paris remained "a peculiarly backward
centre a; this season of spreading cnoer-
fulness and animation. Continental iuu,,lry
for gold has hcu. the metal nj q pr.,n.un
In london, a fact which ha, ouailtieJ IN.