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Show Closing Session Is Feverish and Irregular, With Rather Steady Declines. ODBAN SITUATION IS FACTOR IN CONDITIONS Deal of Great Northern and United States Steel Also Has Some Influence. NEW YOKE, Sept. 29. The short Hj session of the stock market today was inclined to bo feverish and prices fluc-Hl fluc-Hl iuated constantly. Later strength was Hj sot sustained and the market closed Mj easv at a. general reaction. Tho open- Hi ing" declines were due to heavy sales to realize on the late bulgo yesterday Hjj &nd also to somo doubts aroused by 'fche lack of official confirmation of the Hj conclusion of tho oro lands deal be- Hj -fcween the Great Northern and the United States Steel corporation. The stocks concerned rallied strongly owing HE to the authoritative character of tho unofficial information on tho mattor. Hj They ran off again in tho late dealings, however, and contributed much to the irregular closing. A gain of nearly $2,000,000 in cash reserves disclosed by tho bank statemont caused a vigor-H vigor-H ous movement upwards, led by Reading and some of tho bituminous coal ear-Tiers ear-Tiers and Southwesterns. The Bank of England surrendered $-1,250,000 of its mipply of cold today, of which $1,550,-000 $1,550,-000 was for New York. This heavy drain adds to the probability of moro effective measures of protection being adopted next week. Total sales of bonds, par value, $854,- Stocks have moved irregularly this week and havo tended lower with evi-dence evi-dence of somo liquidation of spccula-tive spccula-tive accounts and under tho influence of a number of disturbing factors. The crisis in Cuban affairs has contributed its share toward restraining tho mar-ket. mar-ket. Interest and dividend patrmonts to be made on Monday arc estimated at $b'.000,000. Tho trust companies are called upon to inevease their cash re-serves re-serves on that daVtf to tho extent of l -per cent of their deposits, which will involve an accumulation of $10,000,000 cash. Engagements of gold abroad for im-Hj im-Hj port nave been on a dwindling scale during the week. Reports of conditions of national banks made to the Controller at Wash-Hj Wash-Hj ington this week showed that on Sep- tember 4, compared with August 25 of Vast vcar, deposits had grown $379,-256,000 $379,-256,000 and loans bad expanded $300,-4.74,000. $300,-4.74,000. while the reserves held had j fallen $39,435,000, leaving the propor- tion of reserves to deposit 20.2 per cent compared with 21.60 last year. A comparison of condition of the New York clearing-house banks for the same period shows a contraction of loans of upwards of $8,000,000 and an increase in cash of over $40,000,000. t It will bo seen therefore that the decline in cash reserves for the whole country has fallen, in effect, upon the New York banks, while the loan contraction in New York for the year indicates that the credit expansion has gone to the country at large, presumably in exten-sion exten-sion o'f enterprise and active employ-ment employ-ment in trade other than stock mar-kcts. mar-kcts. Bonu3 "lisva remained dull and heavy in tone. United States 2s have de-dined de-dined 94 per cent on call during the week. New York Sugar. NEW YORK, Sent. 29. Sugar Raw steady; fair refiniiig, 20 l-16c; centri-fugal, centri-fugal, .96 test. 41-16c; molasses sugar, 3o-16c; refined steady; crushed, 5.70c; powdered, 5.10c; granulated, 5.00c. Liverpool Wheat, i LIVERPOOL, Sept. 29. Close: Wheat September, nominal: December, 6s 5d; Zvlarch, 6s 6d. "Weather in England today was fine. fl St. Louis Wool. ST. LOUIS, Sept. 29. Wool steady; medium grades combing and clothing, 24(Si27i2c; light fine, lS21c; heavy fine,' I417c; tub washed, 3238c. New York Butter and Cheese. NEW YORK, Sept. 28. Butter and cheese unchanged. Eggs strong; West-ern West-ern firsts, 2iti-5c; official prices, 241 25c, |