The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-06-01
STOCKS GET Strength
More Aggressive Than for
Many Days Past.
UPWARD FROM THE START
South African News the
Greatest Single Factor.

New York, May s1.-The stock market
struggled for while with uncertainty
and apathetic indifference. but tow.s d
the latter part Of the day took On mare
aggressive strength AID closed with a
greater appearance OF activity and vital
force than it has shown for man. days
past. The impulse was upward from tie
opening, on 4 number OF influences a5cu-
INFLATED over the holiday The one OF
widest bearing and interest was the re-
ported capture Of Johannesburg and the
readiness OF the Beers in Pretoria % slIr =
render. The buying for foreign account
here however. did not exceed 1900 shares
and the tone OF the New York market
became reactionary after the opening on
prof1t-tsking and on disappointment that
no greater strength was shown. The ef-
feet may this be said 10 have been very
small and nOmentary unless some OF the
later buying was in expectation OF a
more active demand FOR stocks from for
eign sources. The later strength was
conspicuous In the southwestern and
western grangers. and IS doubtless at
- AbLAe@Ua5 ~ Tie pENSDs-ClS o. L4l6 NUS-1L
crop. Atchison preferred and BURLINGTON
were easily the leaders. ne former gain
ing and the latter "a On large transac-
tons. The strength elsewhere In the
railroad list proved 20 BE in sympathy
with this movement. and was not wide
ly ASSOCIATED. Another notable source
OF strength was ire demand for steel
stocks. which rose az ore time from 70
3 points all around. Later. moro hopeful
views OF the trade outlook were quoted
from authorities in the iron trade and re-
ports were current OF large contracts for
export Tha weakness OF nina stocks In
Berlin was attributed 70 new competition
from American sources. In Sugar the
main sprrt was in sympathy with the
unofficial quotation established BY rest
less Spectators outside the exchange
during the holiday. The opening prfoe az
40 was the best and before the final rail-
ly in sympathy with the other strength
within smell fraction OF Tuesdays
close in spite OF the creience given 10
the reports Of the taking over Of 4 part
Of the opposition reineries in the inter
est Of the American company. and a fur
Their advance OF II points N the price OF
refined sugar The failure Of the Bank os
England to further reduce its Official rate
Of discount probably had something 70
do with the moderate effect of the war
news on the markets. The maintenance
Of the rate at 3is notwithst landing the
payment during the week Of g. 10000
loans must be interpreted to reflect the
doubts in the minds or the governors
over the permanence Of the present ease
in the money market The large decline
in government deposits hips to explain
that ease In the case OF the Bank OF
France. a further gain in gold IS incicat-
ed Of nearly $4,000 but n corhrma-
ton Il the foresight Of the authorities in
increasing their reserves. the demand FOR
credits has increased the amount 81 bills
discounted % the extent Of over 800
90. while additional notes have been
Issued to the extent Of over 5000.
doubt Is warranted. therefore. whether
the demand for gold has yet been fully
received Closing prices OF stocks were
a. follows: