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Show ffP RALLY OF I WitiMM losing Session of Stock Mar-ffjRlvet Mar-ffjRlvet Characterized by Un-jJffV Un-jJffV usual Weakness. 1 I'JVAXCIERS DISTURBED I BY R ECEXT ' I NWESTIG ATIONS 4 I lank Statement Better Than Expected; Time Money j Market Strong. NEW YORK, March 2. -The slock J 5 nrket today had another of the spells ' ' " recurrent weakness which have char- & jterized it all week. There was a .iarp rally after the appearance of the i Sppnlr statement, but. it did not hold 2 T, ml last prices for some of the eonspic- oils stocks were the lowest of the day ad of the week. The Northwestern group broke badly, ipecially the Hill stocks. Their wenk- 2ss was connected with the reports rem Washington .thnt tho Interstate ommerce Commission 's inquiry ito the subject of over lpitalization "would turn next j the Northern Pacific and its rcor-anization rcor-anization several years ago. A dis-jrbing dis-jrbing effect was produced, too, by the jporfs that suits -would be set on foot s an outcomo of the Jlarriman invosti-ation invosti-ation to compel the giving of testi-lony testi-lony which was refused and to dis-jlvc dis-jlvc the Harriman combination of lilroad properties. Fear or a strike of Pennsylvania rail-Dad rail-Dad employes was fostered by tho large bte reported in favor of a strike by ho company's yardmen. The violent eclines in the local traction stocks, led y tho Interborough-Metropolitan is-iies, is-iies, was not explained, but was of Jminathctie effect upon the general realcness of the market. The bank- statement was better than kpceted, the cash decrease being lim-fed lim-fed to $2,100,000 compared with early stimates today, running as high as MOO.OOO The $42-1,800 loan coutrae- iion. in view of the heavy financial perations of the week, including the novations for the March settlements Iso was of good effect on sentiment, large arrivals of gold were reported St. London irom South Africa, but $500.-D0 $500.-D0 was withdrawn from the Bank of Ingland for shipment to Argentina, ho time money market here was strong t a fractional advance in rates. New York bids for gold arrivals in .ondon were considered unlikelv, in tow of tho small change in conditions i the international exchange market or several weeks pas!.. it oootal enles of 1)0U(ls par value $"S,- INew York Bonds. t o 2s re 1 03J . p 4s cite ... col liftoJ nsAOOlk&X U Is . .100? i i Old 4s C-OU..101P ;a" Zan -is.. 100 rez.lM Mx Cent -Is.. $33 m Tob 4s .... :, -Minn & StL 4s. n " Toll Cs ...;J0Pj Mo . K T 4s?: 97J - Sen 4s ..1003;v- 2mls S4 ijffg O is ion M J c pe" 5s. l"5i TVr " T cv -Is. 87 3s 704 KT-ent of Goo 5s. 110 0!; & W : 4s.. fig at o 1st Ine gg O h L rfdg 4s.. 928 fffijh no 2nd Inc 77 Penn cv .Us... 953 KB .. 0 3rtI Inc.... br Rend Gen "is .. 07? m $?& 0 'is--1021 ftL&IM con os.113 UtP1 & Alton 38s 72 jSlL&SP fg 4S.. S I'S,Q now 'Is- 0'StL&SF S 4s.. SH Mp.R&PRR 4s... 74St L Sw con 4s 77 iw- .au rol f,s S7tSea Air la 4s.. 79 MCfrSlL p 4s lOlgjSo Pac 4s S9J 1L:JP nd os s A. GS! do 1st Is ctf.. 913, tHr-Mld -is 71 " So Ry 5s H0i 01 & South 4s. 91 I Tex & Par lsts.1178 Ttiilm 5g JOlj'T. StL & W 4s S1E Wmv & R G 4s.... 9fiUnlon Pac 4s..l00i T PIst Sec Ss ... SSLLU S S 2nd Ss.. OSJ ,JRple p Hen Is.. l7ijValnsh lsts 112 3, prIe Ken Is SI Western Md 4f.. 81 (Jock Val 4s 105 Wli & L E 4s. S7 Iff- Japan Gs POJ.WIs Central 4s. 87 W I .Clearing House Statement. SL NEW YORK. March 2. The statement I if clearing-house banks for the week hows the banks hold $3,858,650 more han tho lecal reserve required. This la l decrease of $450,925 as compared with 1st -week. Tho statement follows:-onns follows:-onns 51.079.S15.G00 Decrease 4,274,700 deposit's 1, 044,431. S00 Decrense C,5S9,900 .'Irculation 52,787,200 Decrens& ' 3,127.300 -gal tenders 74,401.400 , Decrease 1.107.SOO P?cie J89.0G5.200 Incrcaso l.OSO.fiOO ?eserve 263,466,600 Deeroa.so -2.09S.400 yjserv required 259,607,950 ..Decrease 1.647,475 rplu 3.85S.G50 Decrease 450.925 -x. I'nlted StntcH deposits... 7,416,875 Decrease 45,850 Tl:5 Financier snyH: "The ofilclal statement of the New iork Aasycltited banks Inst, week showed nly a moderate reduction In surplus jvservo, ihouRh tho amount was about 1 'l?1'1" times the romarkably small sum of 2 5j121.l75 which was recorded In tho prc-5 prc-5 ; nous week, the, banks still indicating a Rlrlj good surplus, considering the 1) period of the year. The cash loss dls- ri0Kca by tho statement was $2,098,400. tTUls was somewhat less than that shown by the majority of the estimates. De-,Mw De-,Mw VQsns decreased $6,589,900. which amount plosely corresponds with the sum of the 1 -z" Pntractlfin In loana and Iho loss of cash, I "fli n?t tnat tno Etaternont made a good proof. ( t- P'io required rescrvo against general do-I do-I z-J)Ofllta was reduced $1,617,475. deducting I S..vhlch from the loss of cash left $450,925 ) JR-H5 the decrease In surplus reserve to ?2,- 58,650. Computed upon tho basis of do-posits do-posits .less those of $14,352,900 public m- iuml,i surplus Is $7,446,875 L.oana ft,Twxire contracted by $4,274,800. or about A tfiJ IV? more' thnn In the previous week, ' fnoi,sh Hcpildailon of stocks on the mnr-j, mnr-j, rLtet was almost continuous during tho R fortnight. It may be noted that loans aro (irty and three-quarters millions In x-ifcC8s x-ifcC8s of deposits, nn Increase of two and pno-thlrd millions as compared with the 1 ir previous week." J,J New York Produco. lSliXKW" "ORK. Mar. 2. Butter tin-N.bhuiigcd. tin-N.bhuiigcd. I Eggs, easy; Western firsts, 26c: sec- B ft St. Louis Wool. .5- LOUIS. March 2. Wool Steady; !&'?lm ,frPl0H' combing and clothing. t f'Vo0' llfc'la nnc- 2023c; heavy fine, i pftolH", tub-washed, 30??38c. ; Liverpool Wheat. ; xrLlEIJPOOT RIur- 2- Close: Wheat '. ' "Kch. 6u 5Rd, May. 6s 5id; July, 6s 2Jd. I I bI cloudy"10'"' ,U i:"Klan'1 loda' was n,lr I I r. |