The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-09-09
STOCKS AND BONDS.

! New York, Sept Usual dullness
even for this period of the year charac-
! terized todays stock market. Elements
Of interest were entirely lacking and the
volume of business was disappointingiy
small in view of the triple holiday and
the apparent intention of the secretary
of the treasury to relieve any strain
on the fall movement OF currency. Open
h ing prices reflected a firm undertone-
local traders taking courage at the
higher range for Americans in London.
Last weeks buying of Atchison shares
was resumed and some activity was
shown by Canadian Pacific, Southern Pa
cifc Rock Island and Wabash preferred.
The buying of the pacifics was reported
TO be for the foreign account. London
being a factor in the days operations.
trading in about 10000 shares. Commits
sion houses took virtually no part in the
business of the early day. The list sag
ged generally after the first hour. all
the active stocks losing their advance.
and at times thereafter the market was
absolutely inert. Here and there where
stocks were pressed for sale prices yield
ed readily. for instance. Reading. which
was sold for Philadelphia account. The
early afternoon brought a movement in
several of the specialties, North Ameri-
can advancing 21Ac; Colorado Fuel nc
and Consolidated Gas 1 lac. No signi-
ficance attached to the advance in these
shares Some of the early selling of
Amalgamated Copper was traced to
houses with Boston connections. The
,I1- - - tt,.a
fay, in spite Of an advance in the price
of the metal at home and abroad. In
the final hour there was some short sell
ing of such stocks as st. Paul, Atchison.
Rock Island, The Western group general
" and Brooklyn Rapid Transit, induced
in part by reports OF labor trouble on the
Lehigh Valley system The market closed
dull and heavy. Some excellent railway
earnings were reported. notably St Paul.
which showed a net increase for July of
over $3.50 900. New York Central Nor
folk and Western. Mexican Central. Tex
as and Pacific and some of the minor also
showed material gains in gross earnings.
The feature of the foreign exchange
market was the appearance for the first
time this year OF bills covering ship
HenlS OF spot neSe Olu not
appear. however in quantities sufficient
TO weaken rates for exchange which held
firm at s4.S6 50 for demand. But the very
fact that such bills were released was
taken TO mark the beginning of a larger
export movement for that staple Ex-
change brokers for weeks have been look
ing forward TO the inauguration Of this
movement as affording the best basis for
depressing their sterling market to
level where gold could be used as a form
of remittance. Locally the monetary sit
uation was unchanged. Additional gold
imports from Australia were reported and
further payments for account Of gold
deposited at San Francisco were made
by the suo-treasury.
The bond market was rather quiet and
showed some irregularity in the early
dealings In the afternoon the market
stiffened up and closed steady despite the
heaviness in the stock market
Total sales. par value. sl.265. coo United
States new IS advanced IA per cent and
the IS 81 per cent on the last call.
Closing stock quotations were as fol-
lows: