The Wichita daily eagle., 1901-06-21
HHLL STREET STOCKS
Prices Were at Highest Aver
age Level,
LOWEST LEVEL TOUCHED
In Volume of Dealings Since
Election.

New York. June 2o--Opening prices or
Stoke were az the highest average level
OF the day and all rallies. Of which there
were several Of some slight force, were
met by renewed realizing. which drove
prices downward. After the opening spurt
there were Developments OF strength here
and there IN Individual stocks. but they
we're in the class OF securities that Us
ually have little prominence in the trad
ing. and we're without great sympathetic
influence on the list The descent from
the opening high level was considerable.
but the selling pressure showed a tendea-
cy 10 diminish when prices got down
TO about haif last nights level. IN fact.
there was no severe pressure ID seu At
any time and the market reelected rather
the disposition OF the class Of la-se spec-
ulators 70 refrain from operation and let
the market lie falloW during the period Of
doubt regarding the capacity of the non
ey market TO afford resources for sFecaia-
tiou between now and the turn OF the
half yearly period. The v0lums Of deal
ings showed a notable shrinkage aid feii
below the half-miluon share market.
which IS the lowest Level touches since
tbe presidential election. Eveo this inca
Ger aggregate was largely Gerandelt on
the oongested dealings in ;eyT 81 cks,
rotably Amalgar1sted copper. This stock
wss under pressure all daY al fvll 10
extreme 90 under last night. with dndl
rally q two points on the declaration II
the customary II per ceur g'ktruer'y DIV
idend and y per cent extra. This schiTg
is said to be IN large part duo 10 arhitra-
taKe operations against hu~rs o. stocks
eligible for exchange Colorado fuC con-
tinued its sensational race lltiors, falling
at one time SIX points Un3sr last n<ht
and 2S1z under the higt. price Of Monday.
but rsllying at last to point above last
night. General Electro was bought "a
II reported scQu s'io1 ot toe British
ThC nSon-HOuston compa II and thu stock
being In very light supply the Buying
lifted Il u points by wide Jumps There
was persistent strength in Minneapolis
and st. Louis and the Iowa Central stocks
which rose 4 TO ~ on reumors of maa-
ger and final absorption by the Illinois
Central. The strength OF the Chicago
Great Western, which was based on
feeling that the settlement % the western
railroad situation vii uecessitate its COR
troll. The early strength OF the market IN
sympathy with London vas clearly due
TO the Improvement there 81 the monetary
situation, where the government Il max
AAE MGENE u IElALAAAA sc AA4e -Es1@AAA --@ va
Tuesdays instanulent ofcousuls sub
scriptons. Doubts, however. continue
over the local money situation The sub
treasury has already taken from the mar
ket this week S2.3o6.000. which includes
the payments FOR the gold exported The
sale 81 auction al Washington today 90
satisfy a government Len OF the Sioux
City and Pacific railway company 70 the
Chicago and Northwestern VIII involve
the further payment 20 teh government
Of nearly s20o0. .0o0, although a period OF
twenty days Is permitted The rise ia
New York Exchange at CHICAGO 10 .
cents premium per Thousand shows that
the interior is responding 20 the pressure
for funds at New York The very heavy
requirements incident 70 the unpreccdent-
ed interest and dividend Endorsements IN
July, which must be met next week ad-
rnonish 10 continued caution n over
straining the money market for spscula-
1--WE purposes. This and the subsldencs
OF the talk regarding the 81. PGuul-Uuicn
Pacific deal sufficiently explain the dull
ness and heavlness Of the speculation
The closing quotations on stocks were
as follows: