The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-06-08
WILL STREET STOCKS
Volume of Dealings Is Still
Decreasing.
MARKET WAS INACTIVE
Majority Of Stocks Were Dull
and Sluggish.

New York June In today's Etock
market there were only a few points O.
activity and strength and the majority o.
stocks were dun and sluggish moving
irregularly Up and down under the vary
Ing operations Of The traders. There vas
some large transactions BY tie brokers
who have been credited with acting for
various financial leaders. but they we're
50 mixed On the long and short side as 70
add 70 the speculative confusion The
volume Ct dealings showed = further
falling OF from yesterdays decreased To-
tai The opinion prevailed that he clos
ing our Of accounts earlier IN the week
vas II preparation FOR the sumner holi-
day season and promised Z period OF cora-
parative duIlness and td1suess IN the
market Whatever points OF strength
were showed IL the market seemed 70
be due 70 Individual causes LouisvIlls
was notably strong and The buying vas
accompanied by talk OF an increase II the
dividend rate. which was, however. dep
recated By insiders. Missouri Pacific and
The SourhWesterus moved upward. except
Ing the Wabashes. which were aSsctsd
by realizing. The story REQUIRED that
Missouri Pacific Is 70 be placed on ave
per cent dividend basis later IN the month
by declaration OF = lump dividend ana
that valuable rights II addition are 70
be declared The movement n Baltimore
and Ohio seemed 70 Be based OF 70 ports
OF the conferences between Pnnsylvania
and Rading officials presumably % ar
range measures for the benefit q TIE 3
& o. New York public utilities were gen
orally Affected BY hopes Of relief from The
franchise tax. and fl addition BrockIy
Transit PIT cut a report OF good ret earn
ings Tor April The tobacco stocks we're
subject OF active speculation on the Or
ganization @ the consolidated company.
The stock vas fevsrish. receding early OF
realizing, but raIIyirg On published as-
sertions OF a formation OF ar underwriting
syndicate Tor the new company which
would tie Up half OF the proposed deben-
ture bonds and keep them CT the market
The ContinAataI stocks show net gains OF
about q 2sfnt American tobacco. 2 SIS.
American snur. II ard the 2. Z c. sT-s
There were besides many unusually neg
lecteG stocks which advanced frc-n 1 u 8
movement Net changes az a rule are not
significant, but the sluggish fluctuations
not taxing prices Ear from last nights
level although the extreme range from
high to low from one 20 three points IL
the active stocks Not much attention
was pad % them on market but the can
lea nrats run Up 70 - Per cent in ths
late dealings On Monday the fourth ard
last instaIlrnent OF 1oeo0.0oo pounds Is due
on subscriptions 20 Union Pacific con
vertibls bonds. Preparations VIII be-1n
next week also for the payment OF several
dividends due the week after. notably
that on Standard on. TIE Indications are
that the cash changes 70 be shown BY
touorr0ws bank statement VII b. less
than half a million Of dollars. with prob
ably a gain for the banks TIE frn-
ness Ct the stronr exchange market botz
here and n Paris. n view q the re-
dUction q the Bank OF England rate. and
the easy discount fl London. attract con
siderable attention Remlttancss on ac-
count OF ths next fnstsIlrne1t or Brittsh
cousol subscriptions. which falls due on
June IS, Is 4 factor a. both ceutsrs. Paris
seems 70 be transferring large amounts
a capital for investments IN thu Lo1tos
market. besides New York is making
prepare lions % meet TIE June %. dividend
and interest obligzsion II Londcn- Be-
sides London was sarTs ssiler e stocks
here today. TIE exchange market vas
thus held firm At what vas TIE gold *
port point for the last outward move
ment. but no gold vas engage efor export
Tie bond market wzs quiet ard irregular.
Total sales. par vaIue. = rs. 90 Cnltet
last call
Closing prizes q stocsrs we're as ro1Iozs.