The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-07-23
HBLL STREET Stocks
Condition of Speculative Mind
Was Unsettled.
CROP REPORTS ARE BAD
Changers, Pacifics and South
western Depressed.

western Depressed.
New York, July 2.-The unsettled con
ditiOn Of the speculative mind was clear.
y manifest, and when the stock mzrke'
opened this morning with a fresh batcl
OF unfavOrable news regarding the corn
crop and affecting also the chances Of
the spring wheat crop. The Changers
I and Pacidcs and Southwesterns were al
acutely depressed and heavy blocks OF
shares OF each OF those roads were
thrown upon the market, opening sales
reaching as high as Ja,000 shares Of In
/ ion Pacific Conditions we're much ike
those Of last Monday. and the trading
/ contingent were inclined 10 look for some
such effective support to the market as
was offered last Monday by the powerful
/ capistliss who have a paramount interest
in keeping up the prices OF their proper
( ties The selling on the short side after
/ the opening dip was therefore conducted
l with signs OF timidity and caution There
waS. IN fact. effective support offered a.
/ the opening low level.
But the incipient rally was checked
when the corn market opened and the
excited condition OF affairs there was 90
served The present market is largely
Influenced by the close proximity Of the
brokers in stocks and the brokers in
gains. the stock exchange being the tenn
porary quarters on a portion OF the pro
ducs exchange floor, with only half &
wall dividing them. Not only are the
proceedings in the exchange 10 be seen
from the foOr OF the other. but brokers
ere constantly passing from ore 70 the
other and operating on both This per
sonal contact exaggerates the ssnCmen-
tai eject OF the grain market on the
stock market There were occasional raj
lies on the down grade, due TO the COW
ering OF board room bears, who took
quick PROFITS. The loauing rate for
stocks does not indicate a widely extend
ed shO ritntersst beyond the in ard out
transactions By the board room traders.
The bearish operators are IN constant a,p-
prehension OF some maneuver or an
nOGncement by those interested in sup
porting the market. which would cause
q sudden rally and cost the shorts heavy
losses. There was TO evidence q any
such maneuver today, the market YIELD
ing easily 70 every attack But there
was a general disposition On the part OF
the traders 10 close I'D their contracts
source caused q substantial rally n the
late dealings running from 1 10 3 points.
At the low level the inroads upon Satur-
days prices were as follows for the lead
ing stocks: Rock Island, IA Missouri
Pacific, "a; Union Pacific ca; St. Paul.
Ga; st. Louis Southwestern preferred. 6;
Atchison, ~. St Louis and san Fran
cisco second preferred. S7s Kansas and
Texas preferred and Denver and RIO
n =
many other losses OF l 10 3 points az
other points OF the list, and Baltimore
and Ohio was down AZ and New York
Central 3is. The United States Steel
stocks moved narrowly all day. The
closing was quiet and steady. with
good part OF the rally maintained.
Railroad bonds We're dull and weak.
Total sales, par value, S2,255.o03 United
States bonds were Az unchanged on the
last call.
Closing prices OF stocks were as follows:
AtChisOn ..-..... et South. Pac .-.... 5e
Go pfd go. g South ~ ...... :,
B2lto. < Ohio 90 pfd .--.---- sza
Can Pac .-..---.l0l% Tol., 81. L * " 1871
Fan. South zee. b. do pfd -..-.--. o.
5hesa- & Ohio. Union Pacifc -. So
Chi. & Alton 26 % pfd .-....-- s.-
DO pfd 1900. - wabash $500 le
Chi, Ind. s. l.. q do pfd ........-- 81
90 pfd 80. g wheel & L. T.. ia
Chi. & Z Il....1Z3 DO "a pfd eco. ~
Chi & G. Wa Wis. Central 49, 81
do A pfd .-.... SOC DO pfd ....-.... -
DO = pfd ..-... - Adams FIX .-...-l.J
hi & NorrhW.le0 Amer. tx ....--.laD
Chi p I. & P.-1sIt Il. 8. FIX ..-..... s.
Chi. Term. q I. ISIS Wells Fargo lilo
do pfd .....-.. 81 - Anal. Copper .-1la
C-C-C & ST l.. $ Amer. G. d F..
Colo. South $50. IN 90 pfd ..-----. 50
do ist pid 49, g Amer. In s o =
p e2 & Radson-15s AM M 81. & Re. 81
Del. L z VIZ do ptc ........llltl
Denver K r G. = Amer. Tob ...--1Z1i-
do pfd ........ Sets Ana Mining Co. A.
Erie .. .....---.. So. Brook. r. Trsl ~
do 1st pfd .-.- sax Colo. z. r. L.. Tfas
do % pfd -. "a Consol. Gas .--Z3
CT. North. pfd--1I3 Cont Tobacco. esz
DO pod -. . Cen. Electric -
III. Central .....1S Glucose Sugar 13
Iowa Central 90. 3 Hook. Coal ...... %
Lake ak p f. & W. q "a 90 pa d'g -.
LoSls. Z Nash -. Iaciede Gas -. q
Aranh1ttan L ..117 Sati Biscuit .. as
Met. S. Rv -..-Ifs Nail Lad -.....
aIex. Central 90. ? Natl SAT- -..... -
Mex. National So. Do pfi ..--..-. 7lik /
MINI. & ST. l.. Worth American -
No. X 3 T....15l Psciae Man 49,. q
10 pfd ....... s21f feorie's Gas ....1i1k /
y. J. Central III Press Steel Car. n
Nor. q West Is phi. pal. car ~
60 pfd ....... s71k Republic Steel . IS
Worth Pac. pfd 81 - pfd ...-.... --if I
Ont. z west. Z Sugar . .........1ffts 1
Prnrs yfVauia ..191 Tenn g. Z L. Il I
Reading ..... g 'Cn 2 4 p Co. 1--
do fst I'D .... 74ss do pa ..---... ~ /
dc % pa .--... ~ L. S. Leather o.. 81 : 4
g l. & s r.. do pfd -...... "a /
d. fst rf1 49,. - 10. g Rubber . l,-s I
do - pfd $3.50. G DO pfd .--..... st1s /
So L SSlthw- q e. s STEEL ----.- 81 4
do PA ....-.-. Ff1z - pfI -.....-- e--s 4
e Pa-l --..----1-fis West Union -.-. ss 4
do pfd .--.....isI