Show nULL DULL DAY STOCK EXCHANGE Many any of the Wall Street Spec Speculators y t Absent From Their r Es Accustomed Haunts i FOLLOW LONDON MARKET DEALS WERE FEW DURING SHORT SESSION iJ i tr New ew York Y rk Sept dullness marked the tho course of or brief ses sl n nIt It the e stock exchange The attend attendance ance of ot traders was n much uch below the average V r gc c Co groat many having apparently availed themselves t of the approaching holiday tc leave town Those who re remained remained followed the tho Louden market which reached reache Ca a slightly higher range for tor American securities TIle The halting tone of I the tho market was wan doubtless duo due largely to concern regarding tho showing of the As Associated Asso I elated so Banks in their weekly returns The known movement of ot money for the J J wok as shown in yesterdays preliminary i estimates very strongly suggested a com corn r lileto wining out of the legal reserves but It was waz hoped that the large amount of foreign loans placed here at the higher I rates for tor call and time accommodations would prove an offset to this drain I Some comment was provoked by the statement contained in the monthly circular circular circular I lar of a n prominent financial Institution II which offered suggestions for the th relief of ot the money market and again urged the government nt at Washington on to anticipate the retirement mont of ot at least a part Dart of ot the tho 4 per cent cont bonds of ot 1907 Just as on the previous di tc Union Pacific was again the leader if it so 50 dull a n market markot could be said to have one The same samo character as ns previously note notel opened close to Its rec record record record ord price and Before the tho end of the first hour bour established a 0 higher price than be before tore fore St Paul also exhibited much strength And again there th re was a n general g disposition to couple the tho movements of those stocks as a part of some Colorado ith deai deal New York Central also made madea a material advance at about this time I Tho The bank statement exceeded tho the most sanguine expectations loans decreasing about with the tho cash loss much below general estimates This showing leaves 1 11 es the th excess reserves at as against in the corresponding week last year ear The list became much more animated on the publication of the state statement 4 mont ment with a 3 general upward movement Union Pacific l advancing to 1946 but doe clos closing f 4 ing at a fractional decline This represents represents represents a R n net t rise of ot over r 30 points since Aug AuS 17 the date of the Pacific dividend announcements The Tho final trading dis die disclosed dIsa closed a some realizing profits but tho the tono tone was as fairly strong Returns of or the Louis Louls Louisville yule ville Nashville road for July showed a gain K ln of over in net earnings s while those of the Rock Island system for the same period increased almost Wl j Bank clearings throughout the coun country countr country try tr for tor the week Increased 25 per percent percent percent cent Sales Sates of ot stocks In the exchange exceeded those of tho the month last year yearby yearby yearby by over shares though bond sales s decreased d over Total sales of ot bonds bonde par value 7 |