The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-09-13
STOCK MARKET HEAVY
Secreiary's UnwiIIingness TO
Offer Bonus for Bonds.
is CONSIDERABLE FACTOR
Coming Bank Statement
Looms Big on Horizon.
is CONSIDERABLE FACTOR

Nz- York. sent 1.-Trs news frcu
Buffalo vas practically eliminated as az
influence from the stock market today
for the first tine since the event Of last
Friday. The coming hank statement be-
gan 10 loon bIg on the horizon, as to
morrow's preliminary figures q Re
weeks cash movement vii allow some
estimate C what the showing VII -
II the item OF leans. however. the state
ulent itself CT Saturday VII have % b.
awaited Apparently there can e no
escare from g weak statement On both
scores.
The banks have lost cash OF the IL
sericr movement during the week but
the drain 20 the sub-treasury has been
seusibly diminished. Large payments
have been made 20 the hanks on eccou1t
q Australian and EIc11il1e gold and the
diversion q internal revenue receipts H.
70 ba1k deposits IS apparently beginning
10 AFFECT the account wiki the govern
rneur institution. TIE increase IN gov
eminent deposits from this source = %
be distributed ultimately among banks
throughout The country tLat have 1c-1s
with the treasury 20 secure them But
the bulk cf the payments % the govern
une1t are made in New York and conse-
QueztIy they VIII Dc deposited teDpora-
rily il New York banks having y mar are
called live accounts with the government
ani 50 may affect the Showing % the
banks this week The acceptsnces by the
secretary o. the treasury o. tencers -
government bonds were not known until
after the market closed today, and the
payments for these bonds are TOO late
"a figure IN this weeks hank statement
anyhow. Yesterdays feeling Of sSepti-
CisD OF the efficacy OF this measure %
give such relief 10 the money market as
would benefit speculation IN STOCK was
6eepe1ed today. ard the additional sharp
rise in the bid prices OF government
bonds on call increased the doubt as 20
tenders being made st prices which the
secretary would be inclined 70 accept II
any large amount. The expressed IN
willingness OF the secretary 20 uGeT any
considerable bonus % owners OF bonds
20 induce them 10 sell influenced tH-s
feeling. which was a considerable factor
ln ths heaviness and uncertainty y hich
1ervaded the market all day Tbs 81
paul dividend episode was disconcer-lls
70 q part 81. spectators who had made
very confident predictions OF an Increase
in the dividend and had bought stocks
on the strength u their belief Their
most plausible argument was that ~ the
tine the - Paul authorities rejected tHe
offer from Northern Pacific which vas
afterwsrd accepted BIZ Burlington as
surauces were given % stock holders tliai
they would fare as well a. though the
oner had b-en accepted. Republic steel
was particularly weak az an after eject
OF the poor showing OF the annual report
and Arnalgamated Copper was conspic-
uously under pressure all day sugar
was sold ostensibiy on account or the
close OF thu fruit canning season Other
price movements OF any considerable eX-
tent were n stocks OF little prominence
Railroad bonds were drl and nrrn-
Total sales. par value. S1.s5.o 90. United
states threes advanced =, the old folrs
and dves y and the new yours ! per
cent on the last car today.
rTrsirr rrIces II SOS were &c lo--1T5