Show LITTLE LITRE TRADING IN WALLSTREET WALL Some Difference of Opinion Re Regarding Regarding Regarding garding the Effect of the Presidents Speech POOR SHOWING OF BANKS WEEK CLOSED BETTER THAN IT OPENED ew York June 1 Prices of oC stocks con continued today the sagging movement which set In during the session yester yesterday day The movement seemed due as az much muchas as 88 to anything to the conviction that substantial demand for or securities had re suited from the th better sentiment said to be produced by President Decoration da d speech In 10 fact the tone of ot comment of some of the Influential fi financial reviews Induced some revision of opinion in m stock market circles as to the effects to be expected from the address Some of the early selling also was in an anticipation anticIpation of the unfavorable character of the tile bank statement The large larg loan ex expansion shown by b the banks was the chief factor fattor In causing the reduction of the surplus item Preparation for the month end requirements and the added obligation of or payment of a 15 per cent installment of subscriptions for new St Paul stock were the Influences responsible for or the loan ex expansion expansion The gain of nearly a e million In Inthe Inthe inthe the cash ash item was In comparison with an expected decrease e Discounts in London declined with the turn of the month but foreign exchange here held steady ana an the question of fur further further further ther gold exports next week Is la left open The question of a withdrawal of govern government ment nept deposits from the banks during June to provide for or the July first tion of about cent bonds was undecided by bJ any announcement from the treasury department Some of ot the doubtful speculative tone was due to the c of the mercantile reviews point it g out ut a slow distribution of spring and cummer goods and operations for the fall wind winter more conservative Additions ti t I th improved showing of net earnings for AprIl were made nade In reports by the E nion Pacific and the Louisville Nash ash ille There was some covering by b shorts after the appearance of the bank state mf nt but the resulting rallies were feeble and not well held Total sales of bonds par value valie t Th The week in the stock market opened with a rapid fall in prices which forced stocks to a lower level leel than was touched In the panicky break of ot March The subsequent dealings showed sho ed the ef er feet of the relief relict caused cause It by this weeding out of ot weak accounts in the market and of ot the needs of ot the outstanding short in tret terp t built up in the course of the de decline deline deC line cline C Some improvement of speculative sentiment accompanied this turn In the course ourse of ot prices and the professional op operators operators operators were disposed to draw favorable conclusions of th the technical situation from the action of stocks Bonds have been dun dull and generally heat bea United States s have hare advanced If s an avi 1 the old have declined Vt per cent centon centon centon on call during the week |