Show DEALINGS WERE RATHER SMALL Not ot Much Importance Attached to toy Yesterdays y esterdy Market Harket UNION PACIFIC UP AGAIN BANK STATEMENT REGARDED AS WEAK Xe Ne York March 4 Not much im Irn importance importance was attached to toda s stock st ck market Dealings were not large lage and the tone was hesitating h until the re resisting resIsting resisting power powe of the market was dem dern demonstrated In the final dealings the demand took on some animation and Ne New York Central and 01 Union Pacific strongly rot rose e The evidence of the culmination of reaction In those th ose Important stocks had hada a cheering effect on the whole mar market market market ket active acte and the te closing cosing was firm and ad quite The attraction of the presidential in inauguration inauguration accounted account d for a number of absentees from the floor foor of the ex cx exchange exchange change and had its is effect on the shrinkage of of business But there is perceptible growing gwing conservatism in inthe inthe inthe the views as to advisability of a fur further further further ther rise ris in prices from fm the te level now current current The reflected influence from rom foreign markets was brighter tills tHis morning morin and there seemed less apprehension apprehension apprehension hension over the te immediate outlook in Russia Russia The traditional view of ot the expiration of or a congress especially where measures viewed with dis disquietude disQuietude disquietude quietude have been under consideration tion ton was of some effect in the minds of professional traders The announce announcement announcement announcement ment that a settlement had been ef er effected effected of the te export e port grain giu trade tade war wa was wa received with great satisfaction geat as as the length l to which this controversy was being drawn out threatened bad ad effects on railroad earnings The weakness of the bank bak statement seemed seem to have lae been accounted for forand forand forand and the strength of the market devel developed developed after atter its it appearance The decline in the cash item Iem was wa slightly more than expectation but the loan loa expansion epan expansion sion was wag regarded on the whole as a moderate considering considering the magnitude of or some of the operations of this week and last figured in the averages averages Bankers Bakers express the the opinion however that that money mone t rates rates may work ork higher from this time Total sales 5 les of bonds par value 2 Review of the Week There has ha been a great geat deal of ot un unsettled Unsettled settled stock market of the week ow owing owing ing lag to the heavy profit taking tang sales ses The recent speculative favorites have undergone wide reactions and ad this in influence influence fluence has been b en sufficient at times to overcome that that of ot the strong stong new fea features features features tures which have developed in i the market market The result has ha been a a very ver active but highly irregular market maket the volume of business busness having risen to the largest since the present preset active speculation speculation lation laton was wa inaugurated The Te charac character character character ter of the news has ha not changed and there can be nothing to indicate that underlying conditions of business in industry industry industry and money have been altered But misgivings have arisen that the rate of ot prices of o securities has been ben benmore more than commensurate with wih the te Im Improvements Improvements improvements which it has ha been ben meant to measure e Suspicion has been grow growing growing gow gowing ing also that some re of the Information ration industriously circulated during the last l st few weeks which lacks foundation or has ha been ben exaggerated exaggerated for the purpose of lifting prices in the interest of holders This distribution led ed to precautionary measures on the part of large Jarge holders holder of r securities seurt s on n narrow narow margins and with ith borrowed money who were sim play to get out of or their hold holdIngs holdIngs holdings Ings at a profit end and d who had bad no in intention intention enton of permanent ownership in inse se securities 50 come return s for the tle advantage advantage of the In Income Income income |