The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-06-13
FILTHY TEMPLES I'M INDIA
STOCKS AND BONDS.

New York, June 12.-Tne stock narket
relapsed today into torpid condition and
| dealings fell of about one-thIrd from
I yesterdays aggregate. The efforts which
were conspicuous yesterday to advance
prices, and which were still in evidence in
the early market today. were diseon-
tinued in face of the discouragfng recep-
fion which they met and prices were al
lowed to fan back. There was 40 actual
Weakness developed, and the selling was
pretty well absorbed. In Reading espe-
ciaily, in which there were. large offer
ings. there was ready absorption and APP
parenty determination to support the
stock The conspicuous position of Mis-
souri, Pacific was enhanced today. and
the volume Of the dealings in that stock
were far in excess of those in any other
OF the list It was moved upwards a
point al time. followed by Texas and
I Pacific, but the advance met such heavy
selling orders that the movement for the
advance was abandoned and practically
all the gain was lost. The only develop
ment 10 account for the strength of the
stock was this continued gossip that the
dividend win shortly be increased. The
reaction in the market was largely due 70
better appreciation Of tn decrease N
the coming wheat crop estimate involved
in the falling off in the spring wheat acre
age. The transfer of Nebraska from the
spring wheat TO the winter wheat district
involves the reduction of most of its acre
age from the spring wheat estimate. The
revision in the coming wheat crop esti-
mate thus involved caused persistent
estF Moth In, -.
strength Of the corn market was said to
he in sympathy with wheat, but it had
even a more significant influence on the
stock market owing to the vast import
ance attached to the fate of the coming
crop in its bearing upon the prosperity of
the whole country. Speculative sentiment
was less hopeful today regarding the
position of the coal mining controversy.
This feeling was emphasized by rumors
which found circulation in a message to
congress by the president on the sub
jet which is in contemplation. Yesterday
the public statement by the operators
o. their position was seen to involve in
effect the dissolution of the miners union
and the irreconcilable position thus pre-
scented was felt TO threaten a heightened
contest
The pressure upon Sugar was connected
with yesterdays testimony before the
senate committee regarding the methods
pursued in the advocacy of the reci-
procity policy. A notable decline in May
exports Of the principal domestic articles
reported from Washington had a depress-
ing effect especially in view of the great
Importance of a sustained trade balance
IN favor Of this country during the next
few months on account of the heavy obli
cations TO foreign lenders which Will
mature in that time. There also was a
significant demand in the time loan mar
ket for Accommodations running over the
period of the coming semi-annual settle
ment and of the later demand for cur
rency to move the crops. The market
closed duh, but steady.
The movements in the bond market were
irregular. Total sales, par value, 1890.
Geo. United States twos. registered, de-
clined % and the new fours. Z. The old
tours registered declined Is per cent on
the last call
Closing prices of stocks were as follows: