| Show STOCK MARKET MARKH IS NEGLECTED DWindling Away of Trading Un Until Until til Late Lat in the Day There Was No Business PRICE MOVEMENT NARROW FIRM UNDERTONE A SAVING FEATURE New York July market for se securities became torpid today the activity dwindling until at times late In the day the th trading was Idle The fluctuations were correspondingly narrow but the un undertone e was firm The forecasts for the thew w weeks eks currency movement showed a less formidable Inroad upon cash resources of the banks than had been anticipated and while the decrease was sufficient to leave room for qUestion of the maintenance of ofa ofa a surplus considering the small margin of that item last week the comparatively easy eay tone of the call money market had hada a reassuring effect As the operations have taken from the banks it will be seen that interior banks have drawn on their New York cor correspondents correspondents respondents for repayments of the of government deposits to a rather les less amount than was expected The ho progressive easing of the call money market since the pinch of Wednesday precludes the suppo tion that the banks are near the limit of their surplus re reserves serves The Union Pacific and Atchison bond issues were sUbjects of continued discussion The subscription warrants for forthe forthe the Union Pacific bonds were listed on the stock exchange and after se selling lUng down downto t to 89 cents distinguished themselves by byan byan an advance to 91 cents at which cash sales were made As only of the offered to stockholders at 90 were applied for the source or of the new de demand mand inand at a higher price WIl was a mystery On the curb the full paid sUbscription warrants arrants went as low as c compared with the syndicate sUbscription price borne bome of the stocks of corporations which are the special target of government pros prosecutions prosecutions were weak including the Inter stocks and the American Tobacco group One of the sub subjects subjects of comment was vms the expected pub publication on Sunday of findIngs of inter interstate Interstate state commerce commission on the Harrl Harri Harriman man investigation The HarrIman stocks were firmly held during the day The stagnation of the m market wl wd i Itself a l feature in the latter part of the day dar but butth th the gains were held to a firm closing Bonds were irregular Total sales par value United States bonds were unchanged on call |
