The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-07-02
STOCKS AND BONDS.

New York, July 1.-The newly-awakened
hope on the part OF the commission
brokers OF q revival of speculation, which
prompted the exchange governors yester-
day TO dismiss the resolution OF members
in favor OF holiday on Friday received
setback today. All the animation vas
gone from the market and the apathetic
conditions OF last week seemed 10 be re
newed in fun force Yesterdays stihen-
ing in the call loan rate 10 10 per cent
served to intimidate the trading ele-
ment The rate did not go above per
cent today. and in the late dealings eased
OF 10 nominal figures after the principal
demand had been satisfied The course
of the call money market. however, was
felt 10 be due 10 the moderation dis
played by stock market borrowers and
the late easing OF the rate had no other
eaect than q moderate rise from the
early depression IN the market due 70 the
covering Of shorts By professional traders
The recovery halted al about last night :
level and the closing was rather heavy
Yesterdays advance Of over , points IN
United States Seel preferred which was
coincident with the return 10 the street
after a long absence OF a noted opera
ter. conspicuous in the fiotation period
of the Steel. United States Seel securities
had some hope that new bull cam
paign was TO be undertaken IN those Sc
curities under syndicate auspices but the
inertia OF the preferred stock IN the
neighboThood Of s. which is the suoscrlp
ton price offered 10 employees. strengthen
ed the surniSe that that price level was
the objective of yesterdays movement
Over news Of the corporations affairs
caused a hope that the recent pressure OF
liquidation has not been completed and
there were rumors current that the hold
ings recently in course Of liquidation had
Deen taken care Of
The second mortgage bonds were lifted
about a point during the morning, but did
not hold well. London was conspic-
uous seller during the morning. and this
was a considerable fscter in the heayl-
ness of the market Some recovery IN
the exchange market also resulted and an
advance in the price of American gold
coin in London was also noted. The ad-
vance in the price of American gold coin
in London was also noted Today's clear
ing house balances footed up S24,59I .4se
which is close to the high record level and
is reflection Of yesterdays heavy hnan-
cial transactions incident to the turn OF
the fiscal year. The renewed strength IN
the cotton market disappointed the hopes
that the violent speculation there was
continuation and the firmness of the corn
market was also detriment to stocks.
although the sharp reaction in wheat was
favorahly regarded. Atchison and South
ern Pacific were carried a point under last
night The weakness OF Colorado Fuel
was due TO the existence Of q large order
in liquidation. Sugar suffered from the
marking down of the price Of the pro-
duce and the weakness Of the London
copper market affected Amalgamated-
The bond market was quite firm, but not
active outside of United states Steel sec
ond IS Total sales, par value, sZ,;S3oop
United States IS advanced 4 and the old
is half a per cent on the last can
Closing stock quotations were as fol
lows: