The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-07-18
STOCKS AND BONDS.

New York. July L. The aggregate sale
Ct : ocxs today shows fu,,Le- increase
n the vci he Ct deal.ns. which fairly
crossed ne million sn.-s mark sub-
tantinl Inward progfr.;s vas made aud
the market was broad IN the sense that
a large number Of different securities
were dealt il and the trading was also
better distributed among the few stocks
in which the principal activity was cen
tered. The same preference was shown
for the low priced stocks today, with
the exception IA speculative fncursio1.
into the trunk lines and VanderbiIts An
attempt was made 10 bring the specuIa-
ton back into the high priced western
railroads, but it viii be observed THAI
the desire to take profits on the consid-
cradle advance which those stocks have
had was still too eager to allow mucn
upward progress.
The United States Steel stocks renewed
the struggle to advance, but again net
heavy sales at every stage. Some or
yesterdays conspicuous Iow-prieed stocks
were acuteIy affected by profit taking
This was notably true OF the Chicago ard
Alton stocks. The evidence Of prcht TAX
ing IN these and the sudden relapse Of
over = points in COLORADO Fuel cr {
I.7.n" adys nec h7d
effect and put q sudden stop to the aetiv-
ity OF the market, leaving it at level
which fairly averaged below that Of last
night The opening advance in Colorado
and Southern and Kansas City Southern
was attributed 10 the same forces as was
the Chicago and Alton movement yester-
day These movements are supposed TO
signalize the return Of the western con
tingent from the corn market TO the
stock market
The tone Of doubt and hesitation shown
IN the market for the July corn option
with Chicago was taken as a warning
for possible speculative surprises The
check thus brought about to the ANNA
ton Of the market was changed again
by the heavy demand developed for the
Reading stocks and the coalers. This
demand was undoubtedly based upon the
assumption that the coal miners con
vention viii undoubtedly decide against
a general strike. Late in the day Ches-
apea ekand Ohio renewed its strong ad.
vance to ten extent Of 27sc. but without
checking the selling to realize at other
Although there was supposed to have
been an extensive speculation upon thu
unknown chances Of the AmaIgamated
dividend. the declaration at the IN
changed rate failed to arous that stock
from the torpor IN which it rested all day.
The days activity evidently represented
the prosecution Of regular campaign
for rise, which was based today upon
the absence OF any favorable factors.
rather than upon any new developments
favoring higher prices.
call money rates worked easier today.
and there was a diminutfon Of the pres
sure from the interior for currency. Ster-
ling exchange maintained its firm tone
and time loan rates are strongly held.
The controllers call for a statement Of
condition Of national banks as Of yester-
day marks an event of which the recent
extra demand for cash from the interior
has been in preparation. II was subject
Of remark that the required date Of
condition was unusually near the date
OF the cali. indicating a purpose Of as
certaining conditions as nearly as posi-
bic OF even date. There was some ques-
ton whether this new departure does
not conceal a strategy designed to in
crease the trustworthlness of the show
ing.
Bonds were active and firm Total
sales, par value. p. 0s1. 900. United States
refunding Is and the old As declined L
per cent on the last call
Closing urices Of stocks were .- e,r,,-,-. I