OCR Text |
Show THE FINANCIAL MARKET. In reviewing the financial market during the past week, the following was sent out in the dispatches from Xew York last night: Fluctuations of stocks narrowed last week with a diminishing volume of business. Much of the time-favorite speculative stocks (Continued on Pago Eight.) H THE FINANCIAL MARKET. H (Continued from Page Four ) H I ' H -were "rfrfraflDy motionless, and the "wider movements of a few spc- H ! cial issues, notably tlic tobacco shares, constituted about the only H motive power in the market. H In xievr of the uncertainties of the political situation and the H irregular movements of trade it was difficult to forecast the in- H ' fluence that would be brought to bear upon the securities market Hj and operators were unwilling to enter into large ventures. Hj Foreign influences played an unusually important part in fi- H naucial and business affairs. The sluggish current of home business H contrasts with the activity abroad. H Shipments of $3,000,000 in gold to Paris and smaller amounts H to South America, the latter for the benefit of European debtors, H was an indication of the lax demand for funds here and the re- H quirements abroad. H The movement was coincident with an interrupted demand for B American products which keep paoe with the trade activities in H England and elsewhere. H January statistics of the copper trade pointed to the relative H importance of the export demand in making up the unexpectedly H ,' good showing, which brought down stocks of the refined metal on B1' ianc to tne lowest figures, according to the producers' informa- Hj tion of the year. H The procedure in the government's various prosecutions of H anti-trust law cases had something to do with the halt in specula- H tion. Some anxiety was professed also, over the effect of the H ) "money trust" investigation at Washington. H Ease of the money market was affected but little by the expor- Hl tation of gold. |