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Show WAITING FOR DEFINITE MARKET NEWS EAST James A. Pollock & Co., bankers and brokers, furnish the following, received over their private wire yesterday afternoon: after-noon: Now York Evening Sun says: There was news enough today, but it could not ho said that .the stock market was affected af-fected by it. The Bank of England maintained main-tained its discount rate of 3 per cent and open market discounts in London advanced ad-vanced 3-16 to 2 5-16 per ccnL The con-sequenco con-sequenco was the strengthening, of foreign for-eign exchange, demand sterling selling around 4S5.50 at midday an advance of 20 points over last night. With call money lending at 11 lo 13 per cent and time money relaxing some, checks may bo offered of-fered to the gold Import movement by hardonlng rates abroad. The slightly firmer tendencies of money In London wero accounted for, perhaps, by the Bank of England's weekly returns, showing a loss of more than $S.000,000 gold, although the shrinkage was offset hy a decrease in liabilities, which enabled tho bank to maintain 85 per cent, which Is 23 per cent above the 10-ycar average at this time. Stocks during the greater part of the day were quite dull, the market fluctuated fluctu-ated uncertainly within narrow limits, apparently under the Influence of professional profes-sional operations of a trading nature, while, If It disclosed no anxiety to buy, It also revealed a lack of pressure. The rank and file of Wall street are awaiting moro dofinile Indications in the stock market mar-ket itself. It Is taken for granted that there Is a tremendous concentration of securities in powerful quarters, and It is supposed that there is a large and weak short interest outstanding. The afternoon slock market was much like yesterday's. Prices recovered all of the early loss, and in most cases were carried to about or u llttlo above last night's final figures. The market was rather dull. |