New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-02-15
REVIEW OF THE
STOCK MARKET
Securities Steady - Banks
Show Loss in Cash
and Surplus.

Despite weakness I'm a Few securities
prices generally held steady m yesicr-
days market Trading was quiet and
largely professional with little move
mont I'M prices and marked absence of
any general selling pressure. N'l"r
transactions IN about l'n"" shares
small net gains were shown ~ the
.ioSc BONDS were again loss active
than IN the previous week. 'hc business
of the day hcinr about >l.te'"N inc
opcnins. following an irregular Lon
don market. was firm. with small frs'-
,iorsl advances general I'm the active
LIST The market was strong 'n the
first hour and half hut saggcd
little toward Tho close and lost a large
,roportion Of the csrly advances. Tho
day ended irregular slightly above
Fridays close.
Canadian Pacific was sold down L"
e1l-.. two points below tho final nsur'
Of the day before but failed TO have
much effect on the general tome ~ tho
market. Rock Island preferred again
went Co a new low level touching loss.
With the common. 10 lost a fraction on
the DAY The collateral Is also dc
c'incd about point. New Haven and
Mexican Petroleum were other weak
features. New York Central gained
fraction. IN official OF tho road was
quoted in denial Of the anonymous ru-
NOR that the dividend would Inc re-
duced at The next meeting.
United states steel responsible for
about onc-ffth or the trading, closed
uncharcct as did Reading Union Pa
cifc and Southern Pacific. Active
securities continued TO move IN mar
row range Little news came TO affect
the brief period Of trading An early
report # compromise Of the govern
mcnt'S suit against the American can
and Corn Products Refining Company
was denied 10y Attorney General No
REYNOLDS. Tho storm. DELAYING city
traffic and trains from the suburbs. in
Huenccd tho activity OF the market
more than did any news Developments.
The explanation of The arrangement
made 10y STANDARD oil interests for the
DEVELOPMENT Of oil districts in Northern
China was considered an important
demonstration Of increased strength IN
the financial position Of This country.
Foreign loans brought out here for the
most part show little real progress
toward the United States becoming a
creditor nation. the actual financing
generally being done in Europe. The
average American investor is slow 10
buy foreign securities. Even when for
political reasons tho nations Of South
and Central America desire 10 have
their loans brought out under the name
Of an American banking house, the
securities are still generally placed in
the great investment centres across the
Atlantic.
For market purposes money here Is
apparently 10 continue abundant. The
statement by Clearing House banks OF
rciusl conditions Yesterday morning
showed decrease Of S45G.op0 in cash
where some gains had been expected.
surplus reserve was S2o97.5j0 lower
with an increase Of S1G2jooO0 in loans
against only S2.367 .opn more i'm de-
posts These figures differed widely
from the average. The cash increased
s. 994 O0p. surplus reserve M.0i5.Gn0.
loans only $4,000 and deposits de-
creased $3.50. 600 The actual surplus
reserve still stands at the high figure
cf SG7.970.4J0