The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-01-30
STOCKS WERE
NOT LIVELY
Trading Was Good but Limited
to Professionals.
ST.PAULSHOWED DECREASE
Market Opened Strong on That
Stock but Weakened.

New York. Jan ea-The tone of tocsys
stock market was professional The trad
ing was in excess or yesterday. but was
limited for the most part 70 leading is
sues 4 number OF favorable features.
such as the increased ease Of sterling ex-
ton OF the Venezuelan question wer. ig-
nored. as were also a number OF excellent
railroad returns. St Paul. however was
not included in the latter class. that road
showing a decrease OF over s4S ooe net for
December In point OF activity and gen
erai interest ST Paul was the feature of
the early session The stocks opened
moderately strong in anticipation Of "a
foraSle action by the derector respect
ing the proposed increase OF stocks
Following an advance OF over = point
brokers representing important interests
sold freely and the stock closed With
fractional loss Announcement that moth
ing except routine business had been
transacted al the board meeting did lot
come out until after the close OF the mar
ket- Other early features OF Interest
were Pennsylvania, in which there Mas
extensive trading. ST. Louis and san
Francisco issues. delaware and Hudson
and Amaisamated Copper. Later Mis-
souri, Pacific, Fries and some other lead
ing railway shares developed increased
frmness- The movement III the Erie is
sues in the afternoon attracted consider
able attention. and appeared TO be based
on a revival Of combination reports which
were current q fortnight ago Erie COM
mon on heavy trading made E net gain OF
=, while the first and second preferred
advance Of Ia and : points respectively
IN the iUGustrials offerings OF General
Electric were freely absorbed with q net
gain Of "a points, the stock closing at
the highest figure. Improvement was
shown bp United States Realty. Republic
Iron and Steel. United States eLather
and some OF the minor issues. What was
shown in the course of some stocks. and
the concurrent upward move in Penn
sylvanis and the Wabash issues gave
rise TO a renewal OF reports OF a settle
ment OF the differences between the IN
terests controlling those properties. Aside
from the strength Of Fries and the weak
ness Of St. Paul there was no noteworthy
feature in the late session. Trading con-
tinued narrow. and operations for Lon
don account were small and OF an arhi-
TRACE character The closing was ir-
regular. and dull. Foreign exchanges
continued inactive The supply OF remit
tances was rather better than usual, but
the inquiry was not at all urgent. The
market appears 10 have gone so far be-
low the gold export level as to render
the use OF metal remittances improoab bic
The situation is still modified. however.
by several conflicting features which may
develop interesting complications almost
any day. although il is generally be-
lieved that no accumulation OF bills viii
be attempted by the government before
the final negotiations Tor the transfer Of
the Panama canal properly have been
completed.
The railrad bud market was moderately
active and showed a good distribution Of
dealings, though the movement was IN
certain Total sales, par value. S.5l5 90
United States bonds were all unchanged
on the last call.
Closing quotations OF stocks were as