STREET EXHIBIT DULL,
WITH LITTLE THING
Struck Statement in Line With Market, Showing No Material Change.
SHOUTS A HARK OVER EXCHANGED
Motor Stocks Only Ones Which Show Vitality, and They Are Strong
Traders Seem to Think That Railroad Strike Is Assured.
NEW YORK, August 9.?Stocks were extremely dull today and the bank statement was in line with the market, showing no material change. The average statement showed an increase in surplus of 5. The actual surplus increase was $2,305,000. Actual loans increased $29,000,000, and the actual deposits at the close of business on Friday were $33,896,000. Net deposits were reduced $30,438,000, and actual deposits $514,751,000. This shows that the money was borrowed for other purposes than stock market operations, for if it had been borrowed for the stock market it would have caused an increase in demand deposits. Instead of a decrease in that item, Motor stocks were the only ones showing vitality. They were strong where traded in. Most of the trading in them was just before the close and looked like short covering. All the street is bearish and the short interest is much overextended. The traders are counting on a break when the government report is made public on Tuesday. This no doubt has been discounted. The traders  also seem to think that the strike vote taken by the railroad men really means it strike. In this, they are sadly misinformed, for it is nothing but formal authorization to the general brotherhood officers to do whatever they think best under the circumstances. To vote otherwise than for a strike would be to abandon all demands. 