The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-07-03
100 HOT 70 SPECULATE
WALL STREET EXPERIENCES THE
DULLEsT DAY KNOWN THERE
IN MONTHS
PRICE MOVEMENT NARROW
Labor Situation In the Steel Trade
Had Little or No Apparent Eff
feet I'm Depressing Prices
OF Securities.

.ss,s @f Tues. Mon.
Bar silver. New York $50. 59M 5sK
Gall money. New York7...s.. 6-12
NEW YORK, July 2.-Probably the all
embracing topic OF the weather is a
sufficient explanation of all that called
1oT notice in today's stock market. Tine
attendance at the board fell TO the
smallest of the summer and business fell
into Insignificant proportions The re-
cordlng 10 transactions of odd lots" or
iotS OF less than 100 shares, was resumed
for the first time since business on the
exchange reached the abnormal propor-
tons after the elections of last
ian. Quotations were r,.aie of
bid and asked prices where no trans
action could be effected. The movement
OF prices in the few active stocks was
also barren of significance. London was
inclined to take a pessmistic view of
American affairs, especially of the steel
strike and caused some sympathetic eff
rect at the opening here. But prices did
not ran as TAR as the London parity and
there We're duh rallies after the openine
There is not entire freedom from appre-
hension over the labor outlook in the
steel trade. but Wall street has arrived
al conviction that in its present phase
the desire for a vacation from arduous
work plays a large part in the action of
the men, and that the crucial stage in
the controversy will not be definitely de-
Vcioped until later in the year The
street had no light on the prObab bile ac-
ton Of the United States Steel directors.
as their meeting was called for the hour
OF the closing of the exchange. The iso-
lation at sea of j. p. Morgan caused a
DCileI that action in the many importan t
projects in which he is a force would
await his presence and advice and en-
phasize the waiting disposition of the
market. Yesterday s crop-seare rumors
were partly offset by reports this morn
lhs OF rains in the corn belt, but the
continued hot wave and the government
Weehiy report on cotton were rather de
pressing factors In the market. The fall
ure OF another small bank in Buffalo
created an unfaVorable Impression. and
was the occasion of conjecture reea rd-
ing the nature Of the securities held for
collateral by banks IN general The call
money market was distinctly easier than
yesterday, and the rsubtreaSuPy'ss debit
or over 81 900 at the clearing house
was the result Of the presentation of the
treasury's checks for payment Of JuIy
government interest," The sharp fan IN
sterilnS exchange at Paris and at Ber-
I'm was The principal factor of interest
abroad on account of the question thus
raised whether the deeine-in / london in
tcrest rates from government disburse-
ments Is not likely to loaJt to withdrawal
OF French capital through dissatisfac-
ton with the interest return afforded in
London. With the days business below
10000 shares and the prospect OF con-
tlnued hot weather. Unanimous apr
proVal was given to movement to re-
quest the governors to reconsider their,
refusal to adjourn the stock exchange
from, Wednesday, July g. at p m, to
Monday, July 3, at 10 a. m The indi-
Vlpual movement of prices during the
day does not call for special comment.
The bond market shared in the duff
ness and heaViness Of the stock market.
1otaI- sales, par value, s., 565, 900 United
states bends were all unchanged on the
STOCK QUOTATIONS..
Furnished by Charles H. r. Smith q
Co., members of the New York Stock
tExchange, Pioneer Press building. who
U Wde, direct wires to Chicago and New
York Closing prices are bid: