The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-06-22
HALL STREET STOCKS
Wheat Market Showed Ex-
treme Weakness.
MARKETS CLOSED L0NER
Corn Was Dull and Oats Were
Weak.
MARKETS CLOSED LOVES

New York. June 1.-THE prospect of q
better bank statement tomorrow than
has been expected caused more cheerful
feeling in the stock market today. Ad-
vances were quite wide IN some quarters
OF the market and there was an apprec.a-
bic increase in the interest in the market.
the dealing again rising over the hair
million mark. The approximations which
have been felt regarding thes effect OF
the week gold exports were alleviated
By the publication OF the preliminary es-
Inmates OF the cash movements OF the
week. which showed that several factors
had co-operated TO onset the outso Of
gold. The most important Of these was
large influx Of cash, attracted from the
interior by the harder money rates here
This movement has apparently served 70
Offset the drain 20 the sub-treesury and
left a margin of gains for the banks ~
over q million dollars. The sub-treasury
operations themselves. although they IN
cllde the payments for almost 100000
Of gold exported. showed an actual with
drawal from The market OF only g 2sl, .lq.
The months high level OF pension pay
ments. the repayrnents for bonds redeem
ed under the offer OF the secretary OF
the treasury and the redemption OF checks
issued against deposits Of gold II san
Francisco and Seattle are the ousetung
factors. The changes in the loan item are
Of course problemstical. Rumors We're
ripe OF liquidation Of some heavy cor
porate loans. The completion OF the sub
scription payments on the Pennsylvania
stock which was Issued 70 reimburse the
company for recent PURCHASES or stocks
In other companies affords means for the
liquidation OF the large loans incurred
while the purchases were being made.
The PENNSYLVANIA collateral loans on this
account were stated At over S29,00."o la
the annual report, and this admittedly
had been added 10 since. The explicit
statement was made today that these
loans had bean paid this week But no
authoritative information could Do OBJ
tained on the subject.
The tone OF the money market was
easier todoy. new version OK the ST.
Paul deal today had II that the block 81
- 90 shares OF St. Paul stock, recently
reported sold 70 Union Pacific interests,
vas in fact 10 be exchanged for an
amount OF Union Pacific estimated at an
equal value, thus furtheTing tho estao-
lshment OF community Of interest There
was renewed buying by some OF the
large speculative operators who have
been quiescent this week Union Paoifc
was carried three points over last night,
the latter stock reacted. Reports that
working agreement had been arranged
between Pennsylvania and the Wabash
caused the wabash securities 70 Jump.
the common stock rising 1es the preferred
37t and tho debenture = bonds a.. Ms
souri, Pacific also rose % later IN the day.
Canadian Pacific rose 35t. followed b.
some Of its subsidiary lines, apparently on
the hope OF a strike settlement The
strength OF New York Central seemed 20
be associated with the dividend meetings
Of the Vanderbilt companies. People
Gas was marked up over two points on
the prospect OF a contract with the Chi
csgo authorities. American LinEeed pre-
ferred rose I on the advance IN the price
Of the product. The local traction stoc1s
were strong. led by Manhattan and SUI
Gar. showed q good gain. but without
explanations. Colorado Fuel. selling eX-
dividend. showed a gain at one time %
49, but saved only two points net gain
General Electric, after rising points.
broke s.
There was IN unusually large num-
Der OF low priced railroad and industrial
stocks which are not usually active that
rose from I 70 points without eXplana-
ton The market closed quiet and steady.
with some stocks selling At the top
Analgamated Copper during the latter
part of the day fully recovered It's de-
cline, which had extended 10 IL. The
speculative railroad bonds we're quite gen
orally active and strong. Total sales, par
value sf.ls5, go. United States bonds y
all unchanged or tire last call.
Closing prices Of stocks we're as fol.cwss