Show I PRICES REMAIN ABOUT THE SAME t t Stock Market Is s td tdA A Lifeless 1 I IAN AN ABU ABUNDANCE H ANCE t CAPITALISTS TS WANT T RE N I It t 1 S I Xe Ne York April stock ock market was c colorless and In n ive iv The ni dealings were tr trim ns at pa lon in nd ws were l lint pro p wet to market The ot In gold gokl to on day was as announced and further shipments on that date were outlined The signature of the con contract tract of sIe of the Panama canal bring the arrangement of the pa pay ments Into the Immediate field of th the exchange re market It Is believed that an accumulation ot of exchange bills with the for the payment in view has been absorbed again owing to the high price at which exchange ha h ruled since the various postpone postponement ment of the payment were made chin e market gold is the cheapest form of oC remittance an and it would not cause surprIse If the total to be paid to French stockholders 8 should go out In The bank statement shows how money continues to accumulate here and explains the outward movement of gold T The e plethoric Inflow of thoney does not carry an index of wholesome busine activity and is not a favorable In Influence influence fluence on the stock market The moderate loan expansion shows that note Issues have not been fade on a large scale this week Wall Wallstreet M street expects more ot of these however and rumor today was busy bus I with two ot of the Oie large railroad eec cor corporations T one east and one west which are expected to be next In the Ibid Held with loans Total SIt of bonds par value of the Week The growing dullness pf cit the opera operations operations I in stocks this week ha not Ir suited In any loss 1058 of ground so far as are concerned There were oc ec which were made up as the sentiment of the traders varied from day to day or us th their lr op rations on one side or of the market proving unsuccessful were followed b by bythe the up ot of small speculative con contracts tracts The neglect or of the market is largely Attributed by the pUblic opinion loft ion In the street to the prospect of the manner of distributing the assets aM ets of oC oft I Ithe the Northern Securities company compan But It may he be questioned whether other t and causes Are not behind the hesitation shown In the securities 1 markets both here herc and abroad rhe condition which is common to all of them is 18 the thc plethoric condition which hu baa developed In the money markets and tue he backwardness of capital about taking fixed lodgment in investments Money I ey on call and ordinary time 1 loam ioan Are lit In redundant supply with I while railroad and corp ration notes hotes running from on onto to three years command a high rate of Interest in our own market and capi capital tal is l ues In oth other r forms are withheld for lack of an absorptive demand in London and Paris have met with an Improved re reception reception within a week put past but the at which the they have been issued doN bee not Indicate a good market for even securities The pl placing of these theM issues Is accepted n na as asa a a however of a I breaking of the deadlock So III Ia the of offer offar far fer of of Xe New York City bonds which Is more titan than twice as large as was walS ever before offered at onetime one onetime time The accumulation of capital at Parla Parl has foreshadowed oed the hsue of a Russian loan at that point and rumors of French su subscriptions to such a loin ha have e become more defined as the week 1 JI f 1 War Plays a Part I It is I evident nt that war expenditures Play II a considerable part In the redundancy In the money momy markets mArkels The I inflow Inlow of Japanese gold to our own on market Is II a oa case In point and the ship meat of gold from New ew York to Paris Carrl the to that market Th gold old shipments are supposed to be re I against the Japanese gold the payment of oC Japanese obligations In I Europe b by that route offering otTering adan t over others by reASOn of the fr free S transmission by telegraph acro this allowed b by the government The reduction of the Bank or of En England land discount rate from 3 34 to 3 per cent this week Eek following a similar reduction Inet W m the felt b by he I Indo l money n y market in laos fRee or of the I for gold by Paris Parit I Ide Beside de the outflow of Japanese g ld i t 1 the money mone market It I Is r p that k R ian balances 8 In the banks bank ot of west erit rn Europe have been beau largely drawn dran since the outbreak of the war and pre presumably disbursed In the mone money Another factor In the money that Is 18 rf Increasing is the growing supply o of ne neboUt new boUt both from the Transvaal and trem fm with the pro prospect of oC a aWit Wit in th rate of pro lire 4 by supplying labor require 1 I I lent in the Rand fland How fir l or how I oi this may pro to influence the c Cf value alUe and the rate of In fere t is il a problem that may enter lam Into the th In taking fixed Axed forms torms rot for rotIn In g period noW manifested by cap capItal Ital In nearly nearl All markets The Tha bead market has been dun dull and and has moved conformably to the tock market United States s And the old have hava while the Is hll hav advanced and aDd the new 48 4 on can call the weeK k I |