The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-07-19
dull IND NEGLECTED
Stock Prices Drift Almlessly,
Net Changes Small.
EXCEPTIONS TO The RULE
Are Stocks With Some lndi-
viduaI Pull or Other
EXCEPTIONS TO The RULE

New York. July 1s-The stock market
continued duh and neglected almost TO
the point Of stagnatIon today. Prices
drifted quite aimlessiy up AM down ex-
cept in a few stocks which were influ-
enced by individual causes. and net
changes for the most part were very
small. The opening showed some slight
animation and higher prices IN sympathy
with London, which had advanced Ameri-
cans before the opening here and which
seemed to take a more cheerful view OF
the general outlook The money market
there was reported rather easier in tone,
but tn Bank Of England continued to do
practically all of the money lending at
rate above its official minimum rate OF
discount. and sterling exchange at CONT
mental centers showed additional sharp
advances. In New York money was
rather easier In tone but the rate still
continued above those at some other do
mestic centers. so that the sterling ex-
change market, though hard, was not
money rates may be held up in New York
10 prevent an outflow OF gold. and the
additional suggestion is heard that Chi
cago may supply London with some gold
on direct movement There are increas-
ing offerings Of Chicago funds in New
York. Statements of railroad earnings
continue 10 break previous records, 81.
Paul leading today's returns with its sec
ond-week-of-July increase OF S23l.5S3 over
last year. Today's recovery in Brooklyn
Transit amounted TO 2 points and in Met
ripolitan Street railway TO 81. Not
withstandlng the favorable Incidents the
local stock market showed no disposition
to follow London's early lead. and the
opening gains were soon lost. The only
movements OF any Importance were in
Isolated stocks, mostly industrials. Sugar
and Manhattan showed early depression.
which was not entirely overcome in the
case OF the latter. though the former
shows small net gain. American Smelt-
ing rose at one time SIC and General
Electric Sac, but both reacted a point.
New York Air Brake rose points and
then dropped II. The Tobacco stocks
came into late demand and gained from
1 1-2 to 23-Sc. the latter Continental To-
barco common. Rubber preferred. leather
preferred. Tennessee Coal Tin Plate, Fed
eral Steel. Peoples Gas and a few other
stocks had periods of strength. New
York Central more than recovered yes
!, terday's decline and some frmness was
manifest amongst the Changers. Paciics
and Trunk Lines. but the Coalers. South
westerns and Southern stocks showed a
slightly yielding disposition. The whole
days business footed up only a little over
a quarter million shares, and Brooklyn
Transit. Sugar and Manhattan absorbed
large proportion Of this.
The total sales Of stocks today were
2e2,4S4 shares. including American smelt-
ing, 1890: American Steel. 1900: American
Sugar, 1870; Atchlson preferred, 12.J00:
Brooklyn Transit. $500: Burlington, 5000;
Continental Tobacco. 1880; Federal Steel,
$500: Manhattan. 1850; Northern Pacific.
500; Reading second preferred. $500:
Rock Island. AGO. st. Paul. 1910; Union
Pacific, 300; American Tobacco. s.7oO;
Missouri Pacific. 5000; New York Central.
800: Pennsylvania, S.1O0.