The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-07-04
LEVEL Falls BELOW
Mondays in Wall Street, in
the Late Dealings.
MARKET VERY DULL LATE
Small Net Gains Held by a
Few Stocks.

New York, July s.-There was an obvi-
Gus effort this morning TO continue the
manipulated advance n prices which was
set on foot yesterday by q clique of
professional traders The attempt met
with considerable success for q tine. as
sisted as Il was BY special influences
affecting one or two individual stocks.
There was an active revival Of old and
neglected runners concerning dividend
prospects OF a number ot railroads which
have been pursuing downward course
for some time on account of the general
superstition that surplus railroad earn
ings would be conserved for fUruG .
needs, rather than distributed as in
creased dividends Prominent in this
class were Baltimore and Ohio and Nil
souri, Pacific, which were advanced ABOUT
point or over by active bidding Up
process during the morning. There was
d continuance Of the recent unexplained
demand for the Reading and New Jer-
sey Central stocks, the latter rising at
one time points. Sugar rose with an
appearance OF strength. but relapse1 on
realizing with the announcement Of =
further rise IN the price Of the product
Brooklyn Transit derived some benefit
from yesterdays verdict IN the trial for
conspiracy 10 discredit the securities %
the company The early depression from
London, where the growing seriousness
OF the problem in China had It's effect,
seemed TO be totally ignored IN this mar
ket and had no influence IN checking the
opening advance. Not so with the in
auence OF the wheat market, which
again demonstrated its dominating
power on stocks. When prices OF wheat
were seen 20 advace. railroad stocks
turned downward and Pound no effective
support for the rest Of the day The
general level OF prices fell below last
night IN the late dealings, but there
were some stocks which retained small
net gains, though much diminished from
those at the tIgh level OF prices Al
though TIE advance was checked. thz
gains which were secured in yesterdays
movement were not very largely en-
croached upon. The market during the
latter part OF the day was duh almost
20 TIE point Of staenation. there being
TO disposition 10 put out fresh contracts
on the eve OF 4 holiday. Rock Island
was added 70 the list Of railroads whose
operating expenses for May have more
than wiped out the increase n Their
gross earnings. The money market was
very dull and not quotably changed. but
the diffusion OF interest and dividepd
payments has evidently commenced. The
sub-treaSury had 8 debit balance az the
clearing house today Of nearly 100000,
and the days excess Of expenditures
over receipts OF public revenues at
Washington amounted to S2.3721Sa. These
figures reflect the payment Of interest
on government bonds. II was reported
that the Canadian Bank Of Commerce
was in receipt Of $4,000 OF Kiondike
gold
On the other hand, New York Ex-
change at Chicago fell from % cents
premium TO par, and there was depos-
tied at the sub-treasTy here $4,000 for
payment at ofher points. The inter Or
demand for currency is thus seen 20 Be
growing. Closing prices OF stocks were
as follows: