Show FiRM GRIP UPON PURSE STRINGS Bankers Give No Encouragement to the Speculators STOCK MARKET DORMANT NO PRESSURE EITHER TO BUY ORSELL New York Oat spirit of en was practically dormant In Stock today and th amount Of done wIts insignificant el Operators in stocks find no to take part iii the market in inthe the face of the admonitory attitude of bankers nail influential aVd the cautionary tone of public comment Ot the On tue other titers Is no obvious 0 stoCks in the liquidation and professional for reason front on in at tents ti ret rt e lower immediate to Inspire respect for the con attitude by interests Ue market vs no flurry iti thu anti tie active recall of calculated to Three Stocks on cite market hIlt time of fot tas clearly enough In cli tuG great centers no hew s of relief from tite pressure ns that for time of the bat woUld distUrb tb to cal money the were thOu in market But the 01 hit ny tutU passing of funds interest tt to the destination or tle secured to the credit of the It is the general supposition that the proceeds of the earlier in settle settlements ments formerly 01 In New York have been pretty completely remitted foreign depositories so that the present deposits of the government in inNon Non York may be presumed to amount approximately to time SUm of the portion of tim last loan placed III New York which would call for about Thore is no expectation that this amount would be left in New York for any iop time conjecture In banking circles to the end of the year as the prObable period for completing the mc The foreign exchange was notably strong today and this prompted an In ference that preparations were already making for remittance of the Japanese funds The supply of bills for exchange also from Cornier borrowers of foreign funds who upon a supply of exchange at this time to buy bills at a profit for repayment of other loais This of events has led to tim abandonment of securing any additional for New York in the immediate fu future ture and It is generally believed no further supplies are likely to secured for thu rest of the year It IS plain that the Bank of England bus secured definite control of the London money market and London expects an advance in the bank rate of discount on Thursday The inelasticity of the market was a conspicuous feature and the small early declines were rather more than recovered on the dull of thu day the special firmness of tile wa due to tIme consideration of weeks of the Coxe Broth era property The market closed but Bonds were irregular sales par Staten bonds were all on call |