The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-06-26
NARROW IS
STOCK LIST
Prices Moved Barely a Point
Either Way
LOW LEVEL ON SALES
Four Stocks Practically Mo-
nOpOIized the Day

New FORK. June Gwen the profes-
sional room traders practically abandoned
efforts to move prices in today's stock
market The drift on the average was
within range of less than full point
and was uncertain and irregular all day.
The total dealings fell below the quar-
ter million share mark. marking the low
level for the year. If the dealings in
Pennsylvania, ST. Paul, Colorado Fues
and Iron and Wabash preferred were sub
tracted there would be little left of the
days market. The business congested I'm
these stocks and the continued large sell
ing Of United States Steel seconds fves
made up the market OF the day. The sell
ing OF the steel bonds down to a new
low level AT 81 81 is commonly attributed
10 the Liquidation of a large individual
account in connection with developments
expected in the directing influence in this
corporation.
Steel stocks, as a whole. were somewhat
depressed today by the tone OF the Iron
Ages review OF trade, which was soufe-
what skeptical as to the stability OF the
prices for steel products for 1sOi, owing
TO the tact that the outside mills are
acting freely independent OF the product.
and no one talks of 1904 products" The
special weakness in Colorado Fuel, which
fell an extreme 81 seemed due 10 real
izing on the official announcement Of the
assumption of control by the Gould-Rock-
efeller interests. This announcement also
seemed to be the motive OF slight up
ward movement in some of the Gould
stocks early in the day. Denver and Rio
Grande and Wabash preferred rising
point or over. There was an air of ex-
pectation among professional operators
in stocks OF some development affecting
securities as a result Of the return of
:. p. Morgan, but nothing occurred to
justify the expectation.
Wheat and corn continued TO advance.
and the days weather map was consider
ed unfavorable. The weather in the crop
regions is studied critically from day to
day as the progress and final outcome OF
the crop is believed to affect vitality the
financial future. The money market is
very calm. Notwithstanding the near APP
piDtNH VI tire requirements loA tAiN lAtN
fiscal year and the important operations
in connection with the Pennsylvania stock
subscriptions. But apprehension of a
money squeeze for the month end had
its part in REFRESHING speculation TO the
low level which was reached during the
day The Pennsylvania stock operation
was an influence also in the foreign ex-
change market. the subscription by for
eign stockholders for the new stock serv-
ing to weaken the sterlin CRATE TO a very
marked degree. Sterling also advanced at
Paris and Berlin. but over 100000 was
withdrawn from the Bank of England for
German account In the local market to-
day not only did call loans fail 10 stifen.
but there has been relaxation in the rate
for time loans within the last two days.
the causes OF which are somewhat puz-
zling The labor disputes in the building
trades was a quieting factor and had its
influence in weakening the steel stocks.
Reports of a disturbance OF passenger
rates in the West was minor influence.
The market closed easy. but at very small
net changes
Aside from the large selling Of United
States Steel second fves the bond market
was dull and irregular. Total shares par
value, S2.595. 900
United States bonds were all unchanged
on the last call