Show A AT AN f 4 Heavy H avy Offerings in Wall Street Streel i J Tend to Drive Prices in iii Wrong r ng Direction S WEAK BANK STATEMENT FEVERISH JI STOCK MARKET MAKET 2 New Ne York Aug 11 The market was wa decidedly de feverish during the short session today and the small amaH not nut changes chames on the tiC day av no Idea of ot the activity In the th i pr the t large larg volume vol m ot or trans trams transactions actions na The rha opening tone was wa heavy hell ind the drive against Reading Rc had norm depressing Influence Thure was a ft mo ma momentary pattee patim IHlI in the tho market also after att r me tue appearance of ot the weak w ak bank state statement ment Again at the tie very vcr last after atto ili th Most active buying of ot the th day clay there was waa renewed realizing which made the th tone tont toimi irregular v f J i The action of ot the till Rending sug sugi A i Hosted a professional raid mid and anU It was SUM SUIt 1 that this was for f r the purpose ot ol enabling a large short to cover The ilie record of ot the dealings in lu Reading on an the tape showed c evy y Individual transactions both bath on or ht drop and on tin the oc ver which Was complete Atchison was the tho only important stock to show aggressive strength tram from the outset The Ti record yield of ot winter wheat promised by bythe bythe the tile government crop report and the heavy corn cor yield promised added a ded plausibility tu to tho the rumors rumens in circulation n of ot an Intended Int Increase In Sn the dividend of ot this stock There was very vary heavy absorption ot of St StPaul StPaul StPaul Paul and ad tho the Harriman Pacifies after th appearance uc of at the bank statement The rho of ot these large operations on the tho prices of the stocks concerned will willbe willbe be ba seen to be moderate A decline decUna of ot over in the cash caf h reserve of ot the thc banks s was much larger than anticipated or than can ean be accounted tar for by b the known movements of ot money this week wc k kund und and the thc discrepancy in last weeks n state statement statement f ment nent which tailed failed to reflect n lect the lam lohs lo in indicated indicated by the known movements of ot sev several several eral million dollars The surplus reserve which Is reduced to compares with a year oar ago uso and two years eurs ago No doubt is felt in view of ot the banking situation the rising rates ratos for tor money and alit tho the movement nt of or cash towards the in interior tenor that gold will sill bo be withdrawn from London next ll t week for New York account The confidence in this result helped to tu sustain days t market Total sales of bonds par value The upward J course or of prime prices s of ot stocks this week has been Interrupted by some heavy selling to realize profits in the stocks which have led the advance Other stocks rose strongly and served as a sustaining influence in Hi the tha market but without greatly neutralizing the effect of oi the taking In the transcontinental group gr up Some of the many rumors which served to help hell on the advance in the western group came to be doubted when the prices reacted and the shift in IU the spec to new flew quarters was not ac accompanied accompanied accompanied companied by b sufficient new rumors of general application to take the place as asan ason asan an on incentive to speculation of the dis displayed displayed played Influence The consequence cons quence was an unsettled state of sentiment and an Irregular of prices with grow in ln towards reaction The rhe stif stiffening stiffening fening of the rate for call can money and the evidence of the setting in hI of the season seasonable seasonable seasonable able demand for currency curr n from the har bar harvest harvest barvest vest regions helped to make the reaction reactionary ary tone |