The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-07-18
BULLS N The MARKET
Their Efforts Met With Con-
siderable Success.
NET GAINS REGISTERED
For the Most Part--CIose Easy
and Dull.
NET GAINS REGISTERED

New York, July 17.-The stock market
gave continued evidence today OF oper-
atoms by an influential ouu party. Their
efforts to advance prices met with con-
siderable success and were assisted by
a sharp upward movement In q number
Of individual stocks in which an out
standing short interest was driven 70
cover. Business continued IN large part
in professional hands. The general list
was rather neglected and It's price move
ments were inimportant, but net gains
were generally registered az the close
OF the day. The manipulztivs character
Of the market was evident from the cir
cuIation from time to time Of some
rather extravaganr rumors. But the re-
sulting gains were pretty well held and
the pressure OF proht-takiug al the ad-
vance was not sufficient 70 cause any
very notable setback. The tone Of the
market AZ the close, however, was rather
easy and dull az concessions from the
best This was due rather 70 = pause
IN the bull manipulation than 10 any
large selling. Union Pacific was he
most conspicuous stock in the LIST and
resumed its upward movement early in
the day. Higher quotations from Lon
AtL AE4scs- ~ 81 amt --C AhrNS -
TIE fall OF Tfen Tsin encouraged SEN
timent there. A period Of dulIness and
relapse followed the higher opening,
which was apparently dun 70 the check
TO the upward tendency In Baltimore and
Ohio Some doubts were cast on yes
terday's confident predictions Of early
dividend action on this stock. TIE mar
ket maintained an attitude OF indiffer
ence for some time 10 the rapid ad-
vance scored. first By Brooklyn Transit
and later by Sugar, the first raliytag
3lz from cary depression and the oeher
rising nearly points. The movements
were due 10 the demand on the shorts.
who were disturbed by the apparent VII
Iingness Of inside interests in Brooklyn
Transit 10 see the stock go down and
BY reports OF large profits n sugar re-
firing at the present level OF prices
There were similar movements on a
smaller scale in = number OF prominent.
special ties. Pacific Mail rose conspicu-
ously 1 points on The supposttion that :
would be benefited by the transport OF
troops and military supplies 70 China
The upward movement in raiiroad stocks
was renewed after midday under the
stimulus OF these special movements. Tho
Changers, Southvesterus and Pacifcs sd-
vaneed very generally from TO IL
points and ST. Louis and san Francisco
first preferred jumped 81 on a few trans
actions. The movement did not extend
far outside these limits IN the railroad
list. TIE steel stocks were rather guist
and fuctuated irregularIy under the in
fiuence OF uncertainty due to conflict
ing reports OF n conference which vas
expected TO be held today between Lead
Ing steel interests, but OF which all
knowledge was denied by those inter
ests. The favorable crop news was an
important influence in the result. The
buying Of rain-carrying roads va re-
ported 70 have its origin In the west,
where the bull movement IN grain Eas
run parallel with a bull specu a ion in
the Changers Denials this morning OF
a probability that congress would be con-
veued in extra session relieved s6me az
prehension which was felt late yesterday
The check to the advance In sterling ex-
change was due 10 the offerings OF bills
against gold exports. Arrangements are
reported 10 have been already made fo-
sending $3.50 o01 in gold bars BY Thurs
days steamer and exchange houses est
nate that the total for the week viii
yum I'd 10 between and million dol
lars Money on call and for short tire
loans continues easy and abundant. BIT
lenders are indispo.ed 20 place loans for
the longer periods