The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-06-10
STOCKS AND BONDS.

New York June 9.-The dullness OF the
trading IN stocks was unrelieved today
bit the inertia Of prices were not quite
50 absolute. There was a scattering dis
tribution of buying orders during the
carly trading which lifted prices slightly.
The demand subsequently died away but
the higher level OF prices was pretty well
maintained during the rest OF the day
News of weather conditions favorable to
all Of the crops seemed 10 be the cause
OF the buying which was most prominent
il AtchisOn. That stock and St. Paul was
moved up q point. Vague rumOrs were
current all day of a coming settlement
Of the coal strike and operators in stocks
professed satisfaction over the small ef-
feet of the soft coal strike. The public
statement made on behalf of the anthra-
cite operators, declaring themselves salts
fed with the success attained in prevent
ing damage to the mines by flooding. was
also cited by buyers Of stocks. The
presence in the city of the United States
Commissioner Of labor and the interest in
the stock thus maintained on behalf Of
the president were variously regarded
The question of statuary of the president
II actively intervene. however remained
to afford most satisfaction TO those in
terested in stocks. Readings again reach
ed a point. The rise OF IL in Hooking
Valley was apparently due TO the fac.
that the labor trouble has not affected its
territory. Sugar had the benefit of rise
IN the price of refined product and of
hopes of an agreement of Cuban reciproc-
ity at Washington. The raising OF the
dividend rate of the Chicago. Minneapolis.
St. Paul and Omaha, following that of
the Chicago and Northwestern, kindied
hopes of increase in other stocks. The
market never showed the slightest ami
nation. but such sluggish advances as
took place We're due 10 those causes
The money market showed hardening
tendency of rates FOR time loans, ad-
vancing to az per cent, and money lend
ers expressed the belief that call loan
rates would shortly advance. The money
situation is obviously an important re-
Tressive influence on speculation. So
also. is the question Of the ultimate ef-
feet of the ending of the Boer war. There
has always been 2 question of the share
OF the effect produced upon the industrial
reaction in England and Europe by the
BOer war and the cutting off OF South
African gold ard the new competition OF
the United States respectively. There IS
also the question now whether the stimu-
lation of the peace is to be derived from
the United States into a revival of En-
glish and continental industry. The sub
stantial basis reached thereby long pro-
cess of liquidation favOrs such an as
sumption. but the immense undeveloped
field still remaining in this country must
be borne in mind. as was strikingiy shown
By our continued heavy borrowing from
foreigners even while our own wealth
las been increasing. The field for new
DEVELOPMENT IL the older countries IS
naturally much more restricted, but the
question of possible withdrawal Of foreign
credits from the United States IS result
u the ending of the Boer war is an open
enc and IS attentiveiy considered in Amer
team financial circles.
The bond market was dull and Irregular.
Total sales. par value, sl2l5.0eo United
States twos registered declined = and
the twos coupon. the threes and the
hves y. per cent on the last call