The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-06-12
STOCKS AND BONDS.

New York, June 11.-There was further
expansion on the stock market today,
which vas generally attributed to the re-
sumption of activity by the newly re
turned leaders Of The western group. This
activity centered in st Pa'gl. There was
| besides an active market in Missouri Pa
cifc which har not apparent connection
with St. Paul's movement so far as the
identity Of the brokers employed would
| reveal it. These two stocks ran a pretty
close race for the leadership OF the mar
ket in point of activity win Missouri
Pacific getting rather the best of it. both
on the volume of dealings and in the ex-
tent Of the gain. Just at the close the
stock moved up more than two points
over last night.
St Pauls extreme rise was rs and was
not fully held. Between them the two
stocks made up about one-fourth of the
aggregate dealings of the day. There
were considerable gains in other stocks.
but these seemed to be more or less in
sympathy and there was at the same time
some selling to take advantage of this
sympathetic strength. There was no evil
dence that any considerable outside fol-
lowing was attracted to the movement
The advance was made in the face Of a
feeling of disappointment over the month
~ crop bulletin issued last night by the
agricultural department The bulletin
showed not one of the hoped for improve
ments in the condition of winter wheat
upon which the stock market has been
acting and the effect Of a high average
condition of spring wheat was noIc than
Offset by the large decrease IN acreage,
causing a large falling off il the spring
wheat crop from that of last year With
continued lack of rain in some portions Ct
the cotton belt. the influence Of The crop
news could not be called beneficial upon
stock values. The dominant Importance
of the corn crop this year was thus enl-
phasized, and it is considered likely that
this Importance viii gain from this time
forward The argument was heard that
an increase in the dividend on St. Paul
is likely for the analogy of the increase in
Chicago & Northwestern dividend. he
strength Of Missouri Pacific caused re-
newa of old rumors t6at the long ex-
p-cted plan for the consolidation Of the
Gould railroad interests into one corpora
ton was being perfected. No warrant for
either of these reports could .e secured
in any quarter of authority. The Coalers
were comparatively neglected, but were
firm. owing to the current assertion that
the striking miners We're likely to yield
the contest soon. Nothing more was
heard of plans for a compromise Of the
contest. Call money was easy and IN
abundant supply. Notwithstanding some
increased demand for stock market pur-
poses, but rates for time loans are hrmiy
held Rather than make concessions 70
place money to time. bankers prefer TO
keep their funds IN call loans whore lhsy
are easily accessible for any future IN
crease in the rates for time loans. The |
stock market closed dull and irregular
Prices Of bonds advanced. Bufiirei6n !
Joint four were in the reported extension |
of underwriting syndicate. Total sa'es. |
par value. $4,000. United States bonds |
were all unchanged on the last cal.
The closing prices OF stocks is as fol-