Show SHADOW OVER OVERSTOCK STOCK MARKET MARK T I Influence of the Rate For Call Money Mo ey Again Asserted r f NEWS ALSO UNFAVORABLE I FIGHT FOR CONTROL OF THE I WABASH SYSTEM New York 15 The money market situation i reasserted re ss rt its Us Influence on stocks today and checked the efforts by py professional pr al operators to lift prices The Influence of the money situation was due ape more to the prospects of ot a poor bank banks s statement than to abr actual actu l operations ns in the market although the 4 per percent cent rate touched for money oh oil call caU regis registered registered the tho maximum for tor the season thus far and served as an admonition of the actual scarcity of at funds Some of ot the news developments were of a u character ter that would have bave been regarded as ns im tin important Important at another time but were over overshadowed overshadowed shadowed almost entirely bV by b the tho money question The demonstration for wresting control of the Wabash system st m from Its present nt hands d caused cacs d a shara shar advance in the co But Ue demonstrations amongst railroad owners I and nd capitalists ap are not no t relished by stock ok market operators effect of the news new on time the general list became more de tIe depressing 1 pressing than thal otherwise There was a n dread that the contest might n veil a struggle gle gie between vast interests behind the nom nominal inal contestants which ht cause dis us disastrous consequences Contrary infer inferences were drawn from the announcement I If of f the passing of control of the Cincin Cincinnati CincInnati nati Hamilton Dayton system to J P j Morgan an 8 Co as it believed the effect would bo be b of the va various various Various rious claims There was a disposition to draw an nn analogy with the Louisville Nashville purchase regarding which Mr Morgan made a statement on the witness stand that he was informed the purpose was to keep it out of or hands which he lie re regarded regarded regarded unsafe There is a suspicion that a similar purpose applied to the present I cause and the outcome was a cause or of I relief to stock market settlement Continuing In the analogy with the 1 I Louisville Nashville and also the Hock ing lug Valley case it was considered probable probable probable able that the newly acquired would be parcelled out among various companies with a common cornman Interest in its control The effect of this supposition had to do with the special strength of ot Chesapeake Ohio although rumors also were in circulation of an Intention to Increase the dividend on that stock Esti Estimates I mates of the weeks currency movement differed widely but only the amount of at their excess over that loss to the banks by the sub treasury absorption of funds This had hall reached up to Thurs Thursday Thursday day da with one more day to figure In the result as it It will show in the bank bonk state statement statement ment meet Confidence nce Is felt that the pro process process process cess of shifting of loans from trust companies has been continued in insufficient sufficient nt force to affect the showing of loan reduction by the banks and the con conservation conservation ot their reserves within the le lc leIal gal Ial limit Nothing developed from ys y s s rumors of further large Jarge gold engagements for import A reduction in inthe Inthe inthe the price of copper was an incident of the We day The volume of sales underwent t considerable shrinkage for the day and I the dullness was progressive up to the j close The days das da s changes are mostly un I f i I Irregular Total sales par p r value alue I t bonds wre all aU unchanged on C a t A if 41 |