The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-08-21
WALL STREET STOCKS
Market Mas Broader and
More Active Yesterday
STEEL STOCKS SHAKY
Outlook of Strike Is Still Drag
on the Market.
STEEL STOCKS

View York. Aug eo.-Ths stock market
was somewhat broader and more ac-
tive today. but there was sun no evidence
OF any large participation in the market
by the general public or by great financial
interests on a large scale. These CUES
tionasIe positions OF TIE Z. S. steel stocks
and thu doubtful outlook FOR the labor
situation are stH Ia drag on the general
market although the market for L s.
steel stocks themselves and their prices
movement are narrow. The market guar
dams OF stocks show themselves amply
able 70 take charge OF al the stock Of
fersd. showing that the company shares
have come TO be closely he'd. but the
supporters OF the stocks are inclined 70
take profits thus acquired upon any ad-
vance IN price and they Did up the prices
when anything ike an outside demand
develops FOR the stocks. Under these
artificial conditions the movements Of
the stocks has little significance. The
general lists showed a disposition today
20 ignore the steel stocks. The railroads
concerned IN the Northern Pacific sttic-
neat and others could al BY identical
ownership or otherwise resumed the lead
ership OF the market today. This nay
have been .ase upon a published report
o Il prolonged conference yesterday At
Bar Hsr5or between the three dnaaeiers
who conducted the Northern Pacific con-
test ana its settlement The Morgan and
Hartman roads we're g1arde3Iy affected
IN sympathy. including the Illinois Cen-
tral. Chicago * Alton. Southern Railway
and Chicago. indianapolis & Louisville.
The anthracite carriers manifested some
strength, and the hitumln0us coal car
r,ers made gains. although the Norfolk x
Western and Chesapeake & Ohio Suffered
frou prohc taking. A sharp decrease 70
earnings OF the Norfolk a. Western FOR
the second week IN august seemed 70
emphasize this position Some large In
dividual blocks OF Southern Pacific, Tn
ion Pacific and T. Paul we're taken IN
the last hour ard these stocks rose T. 81
Il ever last night. The stock waraat
continued to show sensitiyeness % de-
voI0rments IN the money and exchange
market Offerings Ok wheat bills were re-
ported smaller IN connection with re-
ports OF smaller seahoard wheat clear
ances, which caused reaction 10 the wheat
market But this Influence was largely
Offset By the large receipts on account q
Australian gold deposited 1t san Fran
cisco. The sub-treaSurys debit balance
az the clearing house ~ g.sz7s02 VAS
caused by receip TOT checks sgainst gold
on the Pacific coast % the amount ~
81 .49a1o. a further shipment " f1.so4tt8
Is on the way 70 an Francisco from sgd
ney. This makes Sc evident thar the Lon-
don market VIII ind a way % meet rs
gold obligations % New YORK without
stress ard possibly without actual ship
meut % gold il 81 20 % acted. however.
that T. S. treasury operations continued
90 drain the money market. the govern
meats surplus thus FAR This molth haT-
ing reached sl.553.a-1. While fer the cor
responding period ~ last year The Eov-
ernments fiscal operations shows defic-
IL o. sfasl5e- Tn~ market closed rather
heavy under the Influences q profit tax
ing OF the day Use
frrrefrr- sales ~ stocks we're nr follow