The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-07-09
GOSSIP or WALL STREET.

a.
,..,..,
s s" po'i,e !" ni'eeouit racine, Penn
Sy'a"'"' hCchiSoi', ~. raul baltimore and
on'o ana 'hion racine were telegraphed
nos,oh' rhilaoeiphia ana Chlcago and
o'neI Interior points before the opening.
ou. .he 'espohse was inoiHeren'' Inc OBJ
Ject apparently was 10 SUI up some outside
business ana a ouii crowo IN the room opened
Ihe rRe1 on risihs quotations without
ehcouhterins serious resistance. The demon
s'ratlon faiied Tor sheer lack OF interest.
"Tbev make n prod,,ors ,,.. 4, ~,
over a soo-sbare huvino nrdsr aid '9 h ,oo,',
member yes,erday "nrd shn,,. 40 o DI
while Won ars 6;ng ~ mt, ,.o,,.d .Lis,- 49,
was n lot az hulsh enthusiasm e,,inn 1917 ,",.
~. ",on sou '" W een 10" nui'ureu' th"reS
o.r,oI, -, y" 49, .'' ""i nv Oh
rsoai,a nv ,rr,or ~. su ,no D n ieppi' II an"
wv. 80. - ~. W So 'oo on"' Co. pu' "neh
yone and i, ~, Wv a WIZ ",ua a you 'he olu ~
quarter or nan II he thinks you've Ro'
soocR 10 sell. us the hardest market to do
puSihess In ever saw
soue of tho rr,nc;no, s,,c,.,o,;., .,....
boye ,oroa h,rina nrd.rs ~, ,h,'r ""y
.h,. 80 ,u.. u'.Del ,l'o eNsIns lene' anu
' ' '.D.nH ''"''' ~ '"'
Steel common vas omen sd IN .. ~ a., noir,
but soId down agoin ~ ,yi,hin = ryT,,aI rrs
low nricc rndor sa,,in, With ~ ','a,;II,s.
varionsly cops,r,od w n po,o,ar
large seller and n sr,vtho n.iesa Ia,
broke the mica IN ~. loo ,r,d,nr. nv 1''au
dav continued ~ mn, Az, s,ani, ~
ferred vas well bnmah, 49,, n ~.
4 Co were the nrincinaI hnyers Tbara is
apparentlv some mnninu,atiop ~ +ba oor,
mon stock the obisct ~ which Ia n n,o,,or,,,
active conjecture Tho liouidation If sor,c
large inside" account was avain sugeea,od
as il invariably ia when for any reason tho
Steel sbares show we,lnass Tbor. ~,
peared 70 be good sunnort in stecl common
AZ 2s,. mat M the close
The strength Of Missouri Pacific e1cited
as much enthusiasm as the market was
capable Of producing which. in fact. was
very little A Nassau street operator is
thought to be bulling the stock again.
-------
The unex planned advance in Jersey Cen
trail and Lackawanna attracted favorable
attention, Brokers thought they were sig
nificant only OF very narrow market for
high-priced stocks.
The state Of the money market has been
the subject lately OF a great deal Of loose
and conflicting comment. probably because
the stock markets requirements are so much
smaller than usual that observations as
rule have not been carried below the surface.
II was reported on Tuesday, for example.
that six-months money was being offered
at ~ per cent. The accuracy of this state
ment was taken for granted. whereas. as
matter OF fact, the market Is full Of bids for
D
the turn Of the year that cannot be filed
Ii Is the observation OF both money brokers
and borrowers that money is becoming
scarcer. and that only the laxity Of the specn-
lative demand prevents rates from showing
alone would not be acceptable. perhaps
for 10 IL their business to get all they can for
money. But In this instance their state
ments are verified by borrowers. mes
sage was received yesterday from Chicago
saying there was no sx-months money to
be had there even at per cent Interest
rates at all the Western money centres ap-
pear to be hardening. large money broker
declared yesterday that the price Of call
money could be put to 10 per cent. In an hour
If the banks and trust companies wanted
to do II.
Inc suo-surfacc cohdltons OF the none,
market explain. IT Is said, the present atti-
market. lhey FAVOR "aitihG marker an"
are understood 10 pe seriously opposed I"
speculative actlNitF az th's 'he because th'
money Is not aNhiiaole 10 nhah'e SUSTAINED
Dull movement IN oahklhR 'fcles 'h'
dulhcsS against "h'ch brokers ana lrau'r-
vehementy mVe'Sh Is viewed Win eh''r'
satlsiacuoh'
1t ia reported that Senator Clark paid
pretty stlif rate OF interest for tho large loan
ne negotiated III wan street 10 llnah'" 'h'
transfer OF the 'hilehtes DIVISION nl IN" 'r'-
Eoh snort Line 10 ms Hah f'dro ra''F"'"'
heved no" 10 ne ADVISING Il pear 'ampaleN
IN the staple calls attention TO thr ta'' NAV
for period OF ten years the exports" l 'oV'u
nave lurnisheu an average OF t""-thFaS -
the ehtlre Hade paiahcc III TINS '"hNHi
favor ana mat during the past flV' m'"'N7
owing to exceptionally heavN imports
general merchahdiSe' COTTON mas p''' ''",'
upon To FURNISH all nut $50 600 81 the 'r'"'
balance Inc extraordlhary hnah"N
cotton prices meha'lhe exports mas TO'''
=
short of exchange against the future supply
"' COTTON o'hS' inns P'rtf 'Ni '''"~ Wv
commune" SF'ne'" VI s'e'""E 'N'"''N