Show LOSE TO EXPECTATION II ow Wall Street Viewed the i Bank Statement I OSS IN RESERVE MADE GOOD r > urplus of Barely a Million Still Maintained Olsbujsemont of Twcnty3iIillionDol llar Standard Oil Dividend Calculated Cal-culated to Help Mnrket I Ncw York March HThc market walt sfor tho appearance oC the bank state nent today to ahow any clearlydollucd whtlmcnt Traders on tho floor bid up prices smartly immediately upon the np jettronco of tho statement upon tho tape aut no response wns received from any 3rWdo quarter and tho I market closed Lull and easier with thn momentary demand de-mand exhausted I was only by reducing loans to the extent of over 15000000 and lessening the legal reserve requirement In proportion that the banks were able to prevent n deep Inroad upon the legal rc Bbrve J shows n surplus of barely a million still maintained iifflic statement conformed pretty closely to cxpcetallons as the cessation of call InG of banks by the latter part of tho creek Indicated that tho losses of reserves had l hen mode food by the loan contrac ton already erected There was another leposlt of J200000 at the aiibtrcnsury this morning for transfer to New Orleans Who weeks Imports of merchandise nt Now York wore valued eLt JC30I on increase over the previous week of 53518 3SS 84 which shows the continued heavy re jiulremcnla for custom payments 0 layH largo subtroamiry debit nt thfi iearhighouse was due to the payment of L chI Connecticut war claim These are lot hopeful symptoms for nuxt weeks In lucncca upon tho hanking reserves The Hsbursement onMonday or the 20000000 Standard Oil dividend Is of better augury mt there has been nit opportunity auu an Jcliiato this benefit which Is not likely o IWO ucon neglected rA drop oC 31 i In Consolidated Gas and of I lln Brooklyn Union Gaa was due to the ecommentlatlon for a municipal stroet Ighllng plant for New York Metropolitan Street Railway scored a fiharp recovery T the official offer 10 submit Its books or inspection In connection with charges colnccton chllgc Irregular accounting The stock market has been feverish and nisettlcd In tone during the whole of this vcek The fluctuations were with and arylng but tim prleo level wilo down award the end of the week to near last voeknrcloMliig level and became difficult p move whim thb volume of dealings brink to sninll proportions The 1cITrs ng operations ot a large bear clement ilayccl an Important part In this net rc ult a1 there wan a largo and Important tquldatlon effected and n number of un vorablo factors to contend with as roll The The practical wIping out of tho surplus eservcs of the banks by last Saturdays rank statement brought heavy selling l or ers Into the market as a matter of clirac but the demand from shorts was wry large and Monday saw an actual ccovery In the market The stringency fytbo market her attracted large offer ot01 Ig of money froii outside sources There as I brcalc In foreign exchange rates eXclln l url foreign bankinghouses were largo ndcni In New York while New York cx hangs n Chicago jumped up lo par and VcEtern banks placed funda In Wall trect The effect has been an equalizing eciuabll f tho money pressure the relief In New rork being offset by the lightening of noiioy rates at Interior points In this ounlry and In the foreign money mar eta under the influence of New Yorks lr rc lulrcments rc The drop in British consols to the low I el point In years was attributed to this I noney pressure in part but tho coming eduction In their Interest rate from 3i ol 1 Per cent was an additional factor 3esldcs tho additional lJ offerings of ltonn1 money ittractcd by the higher Interest mOlc rate hero luau been no betterment of the noncy situation hum The subtreasury n continued to withdraw funds largely ron the New York money market iVVhflo tho money scare was In force a port sot abroad that the Treasury dc lartment would draw on Government de W Ita with the banks to meet the Pnamo anal company aymcnt > Tho presence In Val street of this Secretary of the Treas ry had a reassuring effect in Its evidence wt his special watchfulness 1lls SI CC watchrullS of the oltua Ian although Ills l decision was against no necessity of any measures by the dc wirtmtint to relieve the market relec money mlrl < IJIl8 l recognized that some withdrawal of ovcrniient deposits with tho banks may M mode necessary by the Panama canal mi MiymentB unless the treasury Itself Is 1 in ibundatit funds nt tho time and any re tme 4U1c of funds at this titus will hajnper tmo wi wo treasury In carrying through the the op lon vlthoiit disturbance So far as e8e nuymonls arc made by drafts on unds hey In thin treaaury Itself It is clear that ey will C wi operate to release funds rather rrlc1 rLthcr hn Tjan to withdraw thorn AB to tho rj this oieraclon thor I effect lhl on foreign exchange inert IB tIt hope that Its proceeds will bo ivallablc for londhu here w1 IOllllg although this L would bo In effect for the account of tho orelgn recljiIfntB of the payments It Is fKncrally supported that some part of tho cccnt heavy withdrawals of cuiht from L no New York banks Is being made by the Sev uJnG York truwt con parties to replenish weir reserves In compliance with the new rule or tho clearinghouse Tno heavy exports of money revealed by i 1wiF oluruiar poTebruary foreign trade settlement and ne fie large servrn of corn In farmura flmfru F snda Indicated by the Government u FlJorc ijlve tl Gocnmln crop promlBO of 1IVl tin IIomlt making of a lood malcm L 1d supply of LurIng exchange to med tile ma IIAn Inilebtcdncaa to foreign lender t n Important influence In the weeks I MulatJon wits the contest regarding the IU rourdlnJ aticliil policy polc of tho Southern Puclilc twcen Paclc Ween the harriman lurlman or Union Pacino ntrol Palfc In that company and a minority lertBt reproHonted by the < lnted holdings of a ulltu poDl I under the po thl management uncel 13LUfl05 It Kceiie Tho various divet meets In this rontcit hoe been nccom Weu by violent price movements and I jwpoun speculative duallnc In both uthcrn Pacilc and 1alm 11 PacIfc ane n Pacific with Sportnnl Pacllc wih rtnll Jiympathutle effect 1011 > 1 1mllathelc on tho uMlshiMl f charges of Irregular ci1 account gi 1 J although had met by emphatic ofilclil dc akrmln a weakening effect upon Metro Wtin Slrert Railway IJcct dlsoejision iGni 1le nl ntockholdcni of wmerlcnn lemslon holer1 Amerian Ice tutu Iunp in the compunyn Ktocka woj an C rdiatiirilng Influence Wai A feature I Ilnlcc of JDrcstru inorkit is I the wide 4 declines tle wlde Irnm dcclnt I 2J il frm stock prelous which price by highpriced k tketi are forced to bo by the money stringency If Uriouis Igaiflattit Copper line boon n oubjcct Utlol dilation LM ll cllnton mused on the ex advance In l this price of rl lial in London Iree copper both bout Ilrklt bait moved In hn sym Whlt slacks fYm S WI1 United States old I StatP s t r tail tho bi reglnuroll ndlvanCuul Ii Ctnt nl1Icr1 ami the Is rJr COUPOr Ind now 1 it cent rite 29 rcglstered hutCliflCl CCitt n compared with decined 4 u O eQtPILrcl w1h the cloalng colnJ irt wcei f L a + + + + + + + + + + + + + + + + + + SILVER + + New York 4Sc + + Sun Francisco 4lc + + London 22id + + LEAD + + New York exchange u6 + + COPPER 4 4 New York exchange 5146251500 + + STOCKS AND BONDS + + Market In Wall srtrcct waited for + + the appearance of tho bank state + + meet which conformed pretty + 4 closely to expectations + + GRAIN AND PROVISIONS + 4 Wheat market lacked distinctive + + features but the close was at tho + + low point + + Corn ruled weak throughout the 4 + session + 4 Oats were a shade higher at the + + start but close was lower + + Small trade In provisions + + LIVE STOCK + + Catlle Nominal 4 + Hogs Flvo to lOc higher + + Sheep and Lambs Steady + + + + + + + + + + + + + + + + + + NEW YORK BOND LIST U S ret 2s reg307 L N unl Is100 coupon 307vi Mex Cent sm U S vls ruglO7 1st Inc 25 coupon 30S MIen St L 43101 U S new 4s rcg135 M 1C T 13 03 coupon 13G 2nds 80 U Sold 4s rvg30SV N Y C gen 3jS103 coupon KOj N J C gen os130 U SSH rcfc 103 N P Is 102 coupon ltd 3 72 Atchison gen IslM iNorfolk 8 West i adjust 4s OUS f con 4s 10016 B 8 0 is iren Reading gen 4s 9G 3 I > is IfZJ St L I M con colt 4a 113 6s 1H Can So 2nds1X > U St U SF4H f 3CVS Cent of Ga 6slu7ji SI L Southwest 1st Inc 78 ists tlfi Clues 0 His304 2nds S3 Chi A 3t 1 7fi4 S Antonio A C B Qnew jsD3 < 4 Pass 4s 83 CMStPgen So Pic Is 90 Is n L llO So Ry iiiil1G C t Northwest I T P Ist8115 con 7s 1317 Iol St L W C R I it P ls305i Is 77Va I I C c C St L i U P 4s 102 gen Is 100 conv 4s n lOSi Hhl Term Is St Wabash lats 117 Colo So In fiD < 2nds 307 fi-D 1 8 5 R G 4s OS I deb B 7GT4 Erie prior lion W Shore fsll0 = 11 l D7s W 8 L E Is K Vi I gen 4s 85 Win Cont Is I 91 F Worth Den Cont Tob 4s C2i City 1st 31M4 Colo F I G2ii H Valley 4 s3074 Manhattan 101 Pennsylvania 301U R Island 84A CLOSING STOCKS Soles High Low Close Atchlson 400 S2Ti Sli KM preferred 300 07K 07i 97 Bait Ohio 4W 92i 92i 32 preferred 112 Canadian Pac L1X 32Sft 23j ISYJ Canada South 7H Chcs Ohio 1W W Mt 4tH i Chic Alton COO S2i 52 Slftf preferred fiOVi Chic G West JW 21 j r Wi 2 m A preferred 70 13 preferred 30i Chic N West M 1SI 11 IN Chic T Trans IGY preferred 1W M 293k CCCStL niVj Colo South 1C1 25J1 = 2i i 2Tii 1z 1st preferred 1 v Ci End preferred 200 10 3Si S9 Dela Hud GOO 171 170 4 171 D Lack Si West 253 DRG 100 m 137 3n preferred leo KOvi EYs SCli Brie 700 SfiA 25 11i 1st preferred JOOO C71fj 67 > 6 G7S 2nd preferred 1100 Cl l 8 51 ii4 G Nor pfd 392 Hocking Val 100 102i I02i 102ft preferred ol Illinois Cent 000 140 139 1m Iowa Cent 300 37 37 37 preferred 61 Ii i Eric West 41 preferred 313 Louis Nash 1100 320M 110 320 Manhattan L 1300110 3iOVi 310 Met St fly 27000 33414 JH > 131 Mexican Cent 200 IKi 2I1 < Pi Sfl1 C Mexican Nat 100 17yt 17 L 37 lInn St L 110 < H > M Missouri Pac C100 10914 lOStf 1034 Mo Kan rex 200 21 J 7 2C 25 preferred 200 W DS K7 Now Jersey Cent 375 New York Cent 2100 139 13SVG 333 Norf West 2COO 711i 707j 71 preferred S9 Out A West WI31 30 roT Pennsylvania Jf0 H374 1L1 > 4 343 Reading 2190 Cl CO GOib 1st preferred SIV 2nd preferred 72 StIJSIL 75 3st preferred 82 2nd preferred 70 St L S West 2CO 25 2o 2H preferred 200 07Ts B7i uT St Paul 32200 3G9 16Sy 3Oi preferred 7 3SS Southern Pac 4000 C2ni G24 CMn Southern By 70 32i t S2 32 preferred 200 04 9W P4 Texas Phc 400 3S 6S as i TolStLW 3M 2 2 5 Z tl preferred 4ju Union Pac 30200 2h 917J 9314 preferred 3rM J IH41l 91 Wabash 900 2SIft 2SVJ 2S A preferred 5900 C0v4 49i 47 w L EriC 2 n 2nd preferred fx xti 33V1 23i Wisconsin Cent IIY 2rt W 25 1 preferred 4W DO 49 47 Express Companies Atlanta 215 Amcrlcan 215 United Stales u Ill Wells Fargo I 221 Miscellaneous Amalg Copper 3SIOO 72 727A 7ii Am Car IT 70 oil 10 yal preferred nj Am Lin Oil 14g preferred 3S Am S u R CW 49V1 4r1 W preferred COO 93i Mi 951 Anaconda M Co 3200 3i HSJ4 rj Brook n Iran 2700 C l CT C5 roloFilron 3ro ra WT6 1 W Con GnJ 4100 207 203 4 2Wi Cent Inb pfd CCO JJITA 11411 313y Gnn Jpc 4fA 393 ixQ iKfr Hocking Coal 191 Interna Paper 1r1J preferred i3 i Interna Power oo c i i fi f r > ntt Lacledc Gas 400 i2 viL M Nat Dlscult GOO t 16 Vr l M lat Lead 200 20 7i t North American 700 303 10o 31 Pac Coast ct Pnc Mall 3CO 20i aCA 3j W Peoplcs Gas t Q 102 101 1014 P Steel Car j preferred no Pullman pal Cur 220 Rep Steel HO LOiA 204 0i preferred tOO 79TJ i9s 79L L Bugar CSOO 223t4 324 12Pi lena C licit 3C Gi 3t1 IiJl I U13ngPCo 12 prcfcrnd 71 U i S Leather tOO 12f 12 12 lreffiLIl1 1 7r > i Hi L U S Rubber WJ H5 10 16 preferred 2 US Steel 8000 S7 4 r r itrefuurnul 3U SG Yt it I Vl lill1I1lol1 r4 Amer Ixco 3IQO 27si 7U 21 > preferred 532 Kan City So 3300 31 L4 pl ZVT preferred 300 K K DS Rock Inland 3UCOO H 4aH 44 preferred 77 otal attica for the day 22200 aharcs |