| Show STANDSTILL IN STOCK MARKET MAR MARKETa ET ETI a I Speculative Anticipation Again Disappointed C BANK BANI STATEMENT NT DOUBTFUL t EASY MONEY MONY MARKET TAILED FAILED FAED TO HELP HL t New New York July 2 Another speculative anticipation was wa disappointed by b the ac action ae tion ton of or market This was that with Pennsylvania stock subscriptIon subscript ion and tho the semiannual requirements on the money market out of the way some speculative I laUva Interest in stock would be aroused money mone market reflected dearly clearly cerly I enough the reflux of ot funds after the stringency incident to the tho settlement Somo Some doubt Is felt feJt over ocr the showing of or orI I the weekly bank statement which will wl be bo published tomorrow owing to the Satur day holiday holda It I is expected that this t s will wIl show the effects of or the large operations incident to the beginning of or the fiscal year as a nathe case ce with returns of the Hank Bank of or England and the Bunk Bank of France France which were made today toay Both institutions showed a decline in reserve the tho English bank of nearly and the French bank batik a II slightly sl smaller amount and ant both institutions showed an enormous expansion of credits credit But the process of repayment of these thee extended accommodations were proceeding both in Paris and London In New York the max maximum mR maximum call caU loan lon rate rte today was 4 per percent cr cent with wih 6 C ncr ner cent vester venter day da and 10 19 per pe cent enton on Tuesday A bank statement unfavorable on its Is face tace is not I likely therefore to be a fl factor in the spec speculation speculation I The he easy money market failed to help the stock market There was no ur ct pressure to sell seI but the buying demand lemand was almost impalpable and prices sagged heavily throughout the session eelon The rhe ap approach approach approach of the holiday was a positive in influence fluence on the dullness and especially as many members member are preparing to leave town tonight ht until next week It I would be he difficult to hit upon any of the fee fac factors tors tore as us the dominant cause cust of the weak weRk weakness weakness ness but sentiment in 1 speculative se securities I curtes over oer the tho future of values is un undoubtedly undoubtedly discouraged London reported some selling of or Americans on fears of a disturbance of o our relations with the Rue Rus Russian sian elan government but there was no trace trace of this filing feeling f ln in New York YorkI Reports Report of o plans of ot reorganization for I additional industrial combinations and the terms proposed created a a distinctly bad the securities impression although affected are not nt dealt del in on the stock ex The weekly review of ot the iron trade the favorable news from the op region and the days reports of railroad earnings including the Ue Pennsylvania de do decrease derose grease crease rose for May MaJ effected effete no assistance in advancing prices price In the th bond market some of the older issues tended downward The The semian semiannual nual interest of ot 1 per cent came off the New Kew York Central general mortgage 3 and sold at for fOI the first time In 11 their history The rhe lasses of o this ing Jg mortgage e late In ISO was regarded as a the opening of o a n new era fra in our financial 1 and was wa one of ot the notable events event heralding the th following period of pros prosperity pro In ISM 1560 l they sojU as high as a 11 and last year yer as high as 10 The sold earlier earler this year at which was the previous low record Total sales of bonds par pa O U S Ss s advanced M per cent on the thelast thelast last Jat call caU j 10 IP |
