The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-07-20
Dull AS N HOLIDAYS
Large-ScaIe Operators Seem
to Be Out of Town.
SPECULATION AT A HALT
And viii Be Till Crop Cues
tons Are Settled.
SPECULATION AT A HALT

New York, July s.-Midsummer dull
ness was the characteristic Of the stock
market today. Those who have money
10 buy stoks on a large scale, and those
who have large holdings 70 sell seemed
TO have gone OF for a holiday outing.
The bears among the small room traders
took advantage OF the dulLness to hammer
az the list here and there. They sold down
Metropolitan Street Railway with some
confidence. They had in their favor
runor Of yellow fever amongst the troops
al Tampa, and the weak traffic state
ment of St. Paul for the second week in
July, showing 4 decrease in earnings COM
pared with last year OF nearly 81. 900.
helped them. The prices of railroad
stocks are now from to IS points higher
than they were a year ago, but in the
meantime dividend rates have in many
cases been increased and extra dividends
disoursed. The worlds available supply
Of sreadstuffs is not materially greater
than il was year ago. but this country
is assured OF the largest crop in its his
tory and the crop OF the world cannot
wheat Is in consequence held back and
farmers are not bringing the new crop
forward. thus keeping down zhe earnings
Of the grain-carrying roads. Never1he-
less railroad companies are making ex-
tensive preparations 10 handle large grain
and merchandise traffic during the COM
ing fall and winter. The situation seems
10 hinge largely upon the price Of wheat.
or rather upon ths grain movement, which
Is hs.d back by the failure of wheat 70
advance Until reliable estimates can be
made Of the worlds new crop Of whsat
and the worlds conseQu ent need for our
surplus products. speculation seems Hkely
90 halt
The total sales Of stock today we're f15,-
500 shares.
BONDS.
Bonds were featureless. except that
Denver and Gulf firsts advanced points,
with a subsequent reaction Total sales
were s.. $4,000.
United States hves, coupon, advanced
Il per cent in the bid prices. New fours,
registered. 125; coupon, l24; tours, regis
tered, 1922; coupon, 10; seconds, regis
tered, IS; fves, registered. III; coupon,
n2A; Pacific skies of 90 1919.
FOREIGN STOCK MARKETS.
London. July 19.-Spanish tours closed
at 3s7s.
Paris. July 1s.-Spanish fours closed at
3705. Business on the bourse today was
quiet and dull until near the close, when
there was a better tendency. Rates were
maintained Italian securities were weak. !
Russians were irregular. Brazilians de-
clined and Spanish tours fel sharply on
the unconfirmed report that the United 1
States government will not entertain /
peace negotiations until Havana and /
Porto Rico are occupied.
Berlin, July 19--Prices were easier on
the bourse today and business was stag /
nant and unsatisfactory. the tone of the |
western bourse weighing heavily. Ital- /
ian securities and Spanish tours were /
weak American securities were dull
LOANS AND EXCHANGE
New York, July 19-Money on call, nom !
inally, 1I4d1i2 per cent Prime mercantile /
paper. Sgt per cent Sterling exchange. /
easier, with actual business in bankers /
bills at 81. 2512q4. 2524 for demand and
81. S41izG4S42. for sixty days. Posted rates, /
81 S5Isa4s7 Commercial bills, s4.SSG4 S31:.
Silver certificates. 59sG594. Bar silver, J
5sL4. Mexican dollars. 45}a.