The Birmingham age-herald., 1903-07-07
.iEW SPECULAT0RS
 VISIT TIE ROOM
Stock Brokers Continue Their
 Holiday of Friday
GALL MONEY IS SETTLING
he Few Members Present on ths Floor Were Alnest Idle and Trad Ing Remained Absolutely
 LIstless-Bsads Dull.

New York, July 6.-The explanation of kred of the extreme dallness of last Fri Ays market was that many members sho wanted a holiday Ua Friday had is- ored the session of the exchange and ad gone away on vacation trips. This kplaaatioa was supplemented today by he further suggestion that the members ave not returned from their vacations. lhere is very little more to be said of he days market, which showed no larger aggregate of traasaetlens than that of bst Friday. The few members present m the floor were almost idle and the mall trading among themselves was list bss and fneonsequential There was an Gnless drift of prices downward, then pwards and finally yielding. The clos hg tone was easy, but the average level Fas at no time far away from last FeekS closing Part of the dullness was Attributable to a diversion of speculative nterest in the cotton market Wall street Fas said to have made important opera Ions in that market during the day. put Ing out short Hness and it Is supposed his contributed to the sharp break in hat market
 narked the passing of the temporary de- 
 RIled to stimulate any demand for funds pr speculation in stocks. Supplies of noney today were abundant. and there no difficulty In securing terms for hort periods, but the demand for any hing less than six months loans Is mere ' nominal For loans carrying over the nd of the year there is an active inquiry, nt lenders are indisposed to put out nnds freely for the longer period In Hew of the present light demand for Aoney, and the continuing refux of funds the market the days rumors of fur her gold exports failed to disturb senti- pent, although the announcement of $2,- l0,000 engaged was not made until after be market closed
 Besides the normal return of funds by avidend interest disbursements, the sum f t420000 was paid out by the sub reasury today on telegraphic order from hn Francisco in payment of Klondyke old, thus marking the beginning of the hfi0w from that source, which will be
 substantial means of recuperation for he domestic money supply from this time n. The weekly railroad traffic statis- les which are compiled at Chicago show he general merchandise movement well ustained in spite of the falling off in the rain movement The very heavy imml- rant transportation is given as an im- ortant factor in the sustained railroad faffic of the west. The regular reports railroad earnings also made some fiat ering showings, but the only stock to re- pond appreciably was Norfolk and West Tn. That roads earnings for the fourth teek in June showed an increase over the anne period of last year of s25S,204 or sixty er cent. A number of coalers, south festern and Great Northern also showed urge increases in gross earnings, On the ther hand, the Northwestern report of Rrnings for May showed small remain er of the increase in gross earnings wing to the enhanced operating expenses nd Denver and Rio Grande and net earn lgs for the same period showed a de- Tease of over 23 per cet The days weak ess in sugar was presumably due to the nstable market for ist product Smelt- lg was weakened by its strike and anal Rmated copper was sold apparently on oubt over the trade prospect Sharp ad- ances in Colorado fuel and Tennessee pal were unexplained
 The bond market was accordingly dull nd irregular. Total sales, par value, l,110,000. United States 2s advanced one hlf per cent and the 3s and old As one purth per cent on the last call.