The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-08-29
HH STOCKS TRADED
Volume of Transactions Fell
Below Half Million Shares.
FEARS AFRAID TO ACT
Iadecision Dwells in Spacula-
tive Minds on Wednesday.

New York, Aug 2S-Ths stock market
rslapsed into trivialities today. The vol
ame OF Transactions fell below halt
million shares. and the mixture OF nat--
raj changes az The close Is wholly with
out significance except as a reflection OF
the indecision dwelling in the speculative
minds. No attention vas paid 20 any
news OF the day. and IN fact there were
no occurrences having any important
bearing on the values OF securities. The
bear traders made a feeble tentative raid
shortly after the opening. but the offer
ings OF stocks proved 50 small that they
became intimidatsd and bought back
again, covering short lines which were
left over from yesterday. The success Of
yesterdays raid seems 70 have oeen due
10 an encounter with some particularly
weak speeEIative lines. which represented
little more than roth. easily blown or
the surface CT speculation
Todzk showed stocks renaciousiy held
again. -s<stE iEhstanding TIE extreme list
iessness OF the demand Signs OF Re-
nsUed weakness in the corn market after
the opening dealings induced some ccv-
ering cf shorts IN stocks from western
sources, but these were not put Out again
when corr rallied later. The approach OF
z thres-day hiatus il the stock market.
with possibilities CT favorable or uufa-
vOrabls developments II The interval.
was enough 10 dissuade ether the bulls
or the bears from committing than
selves fo- that length o. time. aId 20
this deterrent influence may be added the
recognized possibility OF the marking Up
OF call loans on Friday. The re-opening
OF the dispute between France and Tur-
key had some influence upon foreign
markets today. which was emphasized by
the discouragsng view caused By the
prOIongarion OF the Boer war. On the
other hand. a settlement of the steel
strike is believed n Wall Street % De
possible at any time. E0rwlthsta-liC
the depression geleraiy IN foreign mar
kets. there was active demand from the
arnitrase houses Tor stock marist settle
meut which Is 10 be concluded tomorrow.
Besides this there were renewed 0fCerirEs
on large scale Of exchange bills against
grain exports. The effect was % cause
decided weakness IN sterling exchange.
The dealings in the local money market.
however. continue 10 show q spirit -
caution due 70 the continuance OF factors
OF depletion which are likely 70 gain
forces.
New York hanks deposited $4,000 81
the sub-rreasUry today 20 be transferred
20 Chicago 70 meet current needs there.
although the Simultaneous rise 20 within
cents Of par Of New York discount in
Chicago suggests that buying OF stocks for
western account may have caused this
demand for New York exchange The
fear IS felt that yesterdays payment Of
over four million dollars at Philadelphia
on account OF the Bethlehem steel pur-
chase may have affected New York
bank reserves. The market closed dull
and heavy. There was less doing Ia raI-
road bonds than yesterday, but prices
we're about steady. Total sales. par
value. s.. 10000. United States bonds
were all unchanged on the last call
Closing prices Of stocks were as fol-