The Wichita daily eagle., 1900-06-07
SPOT 0F Strength
And One Only, in the Stock
Market Yester day.
BOXERS AFFECT EUROPE
Reflex of the Apprehension
Felt on This Side.

New York, June 6.-About midway in
rise of points in New Jersey Central
on rumore of control by Baltimore and
Ohio. This incident offered an isolated
feature of strength in the days market
and caused the only brief respite from
the mood of depression which prevailed
all day. The most effective single factor
was the warlike developments In China
This influence was reflected in New York
from foreign stock markets from the
opening here, and London's actual sales
in this market on that account ran up
to about 5000 shares. about half of
which were of Atchison preferred. Even
as a direct influence this selling had
notably weakening effect in so narrow
market as now prevails. The sympa-
thetic effect of the foreign weakness
was even more marked. Wall Street en-
tertains no great apprehension that the
United States will become directly in
yolved in the difficulties in China. But
commitments of American capital in for
-eign money markets ana the extension of
American commercial interests have
grown to such proportions that any
event which would precipitate liquidation
IN foreign markets must be reflected di-
rectly and strongly in the United States.
Besides the news from China. foreign
markets were effected by the tightening
OF the money rate in London and Paris,
and a slightly easier tone in the Berlin
money market was not sufficient to off,
set other depressing factors. The break
in the foreign prices of iron, and ru-
mors Of further concessions in iron prices
in this county. emphasized the weakness
of stocks both abroad and in this coun-
try. News OF the domestic iron trade
were confused, reports of declining prices
being mingled with reports Of re-opening
of some mills recently closed down. Ten
nessee Coal WAS the weakest Of the Steel
group and lost 2h. In the general list
prices were weak throughout. but stocks
which have shown some strength recent
" were most affected. AtChison pre-
ferred. st. Paul, Baltimore al Ohio
Union Pacific and Louisville were ex-
amples. Denver and Rio Grande pre-
ferred fell 2ia points on rumors Of the
acquisition OF the Colorado Midland by
rival interests. and Great Northern pre-
ferred declined / points There is grow
ing uneasiness in speculative circles over
the prospects of the wheat crop, based
upon low condition reported today from
Ohio and the continued Grouth IN the
northwest. The convening Of the joint
passenger committee in this city and the
meeting tomorrow OF railroad presid nts !
TO attempt an adjustment OF rate dis
tuTbanCes calls attention to that source
oC danger TO values OF railroad securi-
ties. The money market continues al |
most unpTecedentedly easy in spite Of the
taking Up by the sub-treasury from the
local banks OF s2.6S0100 thus far this
week. This gain by the sub-tre8sgry IS /
due 70 the calling in OF government de- /
posits from the banks, and the money !
viii be returned 70 the channels OF the .
market as soon as the per cent bonds
which have been called are presented .
for redemption. Closing prices OF stocks I
were as follows: