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Show 1UARKET DULL AND THEN JHBWS LIFE 'ersistent Strength Prompts I Outburst of Buying in the Final Dealings. )EMAND IX LONDON HAS SENTIMENTAL EFFECT 'rcssure on Rock Island and Allied Sccurilies the Chief Bearish Influence. 11 I nit of dullness from which last week's i .Mmaiod dealings had stlrre.l it until the i S'nt strength of Hie market prompt- l l ? S ft renewed outburst of buying In i c 1 I there was n conspicuous scarcity tiZ i 3 'offerings of storks. This was suffi- J1 & SUtly marked to make It the eharactcr- i Stic fcaturo of the market. J- J- The demand, while moderate, was thus l"1 fflJdo effective In holding prices. London h Ss a buyer on balance In this market V I with good effect on sentiment beyond f ThV dosUIvo effect on prices of this do- .H ' f Sa& Tlio absorption of United States I! i '' steel continued In a manner to keep at- f fwtlon fixed and the persistence of this iemaiid was attributed In a general way I ? the cheerful view of the trade outlook hi ltd by leading authorities In the I LSistry in published interviews from r Sma to Time. United States Steel ' l0TneSo4uthern Pacific stocks wuro an-HiU an-HiU I otter center of strength and the dlvl- h itnA policy exemplllled In the mainte-t mainte-t See of the Baltimore & Ohio dividend u bollovcd to bo responsible for this " fc bovine on the assumption that it was fcl t otrrled by the prevailing Inllucncc of UhJ tte head of the system. There was some ' rtvival of old rumors of an Intended con-9 con-9 1 fa j ldalIon of Southern Pnclllc Iron and n iL owl companies and tho ultimate absorp-c- nv by the United States Steep corpora-m corpora-m I lion. News of tho adjustment of tho XZ wso question between the Western bar 1. Iron association and the Amalgamated Ulim " . iuorlation was a helpful factor In this T2 rroup of Industrials. So was tho rcport-u rcport-u t ti blowing In of more bast furnaces of I? the United States Steel corporation. .i 1 There was considerabe discussion of "! the showing of a deficit of S7437 for the te " fix months' operations of the H. B. v; ciaflln company, compared with profits ''' f nearv $450,000 In the corresponding pe-ljMtir pe-ljMtir riod of 'last year. But this was accepted 1 f u a measure of past depression rather J than of future prospects and was not I more severe than had boon expected to ' 2 b shown. Tho expressed conviction of ..1L the president of this company that lin-Mr. lin-Mr. r. provement la ahead owing to the thor-mi thor-mi ' ourii disposal of surplus stocks was re-' re-' ? carded as significant. Tho railroad lira ? freight rate problem continues to occupy Pi r' & position of prima Importance In tho 1 financial view and the horizontal ad-fin ad-fin i - vanccs announced In nil classes of frcipht wlL , ".to Texas destinations was regarded as ln- dlcatlvc of Intended action In other fields, f Reports of conferences of frolght traffic j managers of Eastern railroads pointed to 1 t the formation of plans In that direction . !' by those compnnles. t A sharp diversion from tho prevailing MMlt ' itrenpth shown by the market -was caused lllJJWjj i by tho sudden pressure on the R.ock ri lilnnd and allied securities. Rumors were i if ft revived of expected difficulty on the part JWjHl f of demand for tho subordinate companies WIlB'a y In meeting coming obligations'. These 'ft 1 were denied, but the dissatisfaction of C i1. various interests with tho present form WW of organization of this company is ad-inlttfid. ad-inlttfid. There was a completo under-standing under-standing today of yesterday's strength sr in tho wheat market ns due In part to mtijf tsUmates of reduced stocks and to tho ri4 fc lenrs of a Russian shortage, reflected In -nlilM t -buying for export. Fears are fttlll on-. on-. ii itertalncd of harm to spring wheat from $lT)!lJ !. flrouth and forccasUj of showers, In North . -Jfl -Dakota. 3lH9i f The money market was moderately af-r af-r .ilt-Jl fctcd by tho withdrawal of government Eu 3idposlts from the banks and by tho pay-, pay-, J foments of tho final Installment of sub-i sub-i fKrlptlons to tho Union Pacific funding J Jpbomls. Foreign exchange advanced and lAYHTl B-'piU exports were in consideration. The lulu" feitoclv market closed with largo buying t IR-'SfOlnK on In various quarters of the Bonds were heavy. Tho expected of-Wua of-Wua fr-flng of $13,000,000 bonds sold to bank-jl bank-jl . wu t rs were an Influence. Union Pacific JHPVonds "when Issued" yielded to On, the tows't price yet touched. The Rock Ji ;hland railroad system bonds were all Jr3 Total sales, par value, 52.35S.000. i WL ' United States bonds wero unchanged l V' An It fftrfr Now York Bonds. fBff ' U B ref 2s reg.1032' do 4in SOI mm s do coup 103 R do He 2nd sor Sfi5 WA'kito 3s reg 100 Loulsv & N u 4a 07i m'sOm do coup 100J Manh c gold 4s. 961 Jmjim- do 4s reg 120 j Merc Cent 4s.... SCj WKlflB' do coup ......1221 do 1st lnc 150 K-lfMAmer Tob 4b... 73 M & St 4s... SO do 6s 1051 M K & T 4s.... PS WH Atch gen 4s OS do 2nds St iWJff- TdoadJ 4s 87 SRW of M c 4s SH ir li do a 4s 03 !jf Y Cent g 3js 91 i if Ul -..dfcvCs 100 i N J Cent g 5s.l22.i 'iHfaWU Atlantic CL 4s. 91 Korthn Pac 4s..l01S rIMfr h)l & O Is... 09 do 3s 72 irmio 3s OIJ Nor & W c 4b.. 05 A Kj,' iok KT cv 4s. 72 0 S b rfdg 4s.. 001 t' C(.nt of Geor 5s.l06iPenn cv 3Js 93 iflP 2 lBt 'no--. "22 do con 4s 1023 Jr :- 5 2" Inc.... 4"S RondIng Gen 4s. "71 3rd ,nc SSI Repub Cuba r.s,103i itMn. 0 -i8...102 Stb & 1M c 5s. 1071 lC5JCT?J,cI & P 4s.... 631 Seaboard AL 4s. 57 OCEJtW a Bb 64 iSouthn Pac 4s.. 86 l,L'5Blf- d s--" 85i do 1st 4s...... 91S snMrSu & StL g 4s 94 ISouthn Ry 5s.,. OS ifv r,',d 65 45 Tex & Pac Ists.lOSS inuJMSiAl".- -- ?0i'Unlon Pac 4s.. .1011 Of JU & R g 4s SI IU S Stoel 2d 5s 991 $ivPr In ia" 81 (Wabash IstH ...1011 Sxr.Ya!,B---10 1 b K 4s.. 66 mtlLl-1. 4is G5 U'lsc Cent 4s.... S3! Jmmn is 7Sj NY Nil & II 6s. 12S? 18 1 """lM. Now York Money. lfoWM&p'?OllK. July 14. Close: Prlmo ' A lfiilBrRnUle nB'er 31?4 per cent. Q SO.fKy. l-f change firm, with actual ,j 8!wnS 5 ln hankers hills nt 1.S7.15 for de-'SiS, de-'SiS, nnd nt -I.S5.S0S4.S5.00 for sixty-day if.Cil ltpexlpan do!lar.s, ic.c. ' WnSiernn.ment bonds' teatJy; railroad V rallneern,Q" c,,py- to U per cent; TfJS S Lr,Mc'u J)er cenl; closing bid. fiani .Vi ?ffer?J nt 15 Por cent. Time IiS T , rLn' ""let and steady; sixty days. 13 to :nrc ihTrL".?1, n'nety days. 2?f21 per cent; Tr0!lBUry Statement. A9.ffi S,AJ?i"SGT0 14-Todny's ST the rmn?rl,or, U,,c trenmirs- balances In iSoooo Mf,md elusive of the $150,-Sail $150,-Sail LKoId r?sorVH, shows: Available ffloatea53"0'207: sold coin and Wm' ?12'lo?.10; Kold ccrtlflcntos. ?31,- woS-ifevc Kcw York Sugar. 5..V Btadv'T0R?', Ju,, 14 Sugar-Raw. .s3,!s K? j1" rc?n,nif. 3-86c; centrifugal. .00 i yKi'iIv olf !l!s sugar. 3.01c; refined. !S?3!,"5h.SSi.G,10c: I,0W(,rfi'1' 5-50c; itf KvPn. Now York Produce. Mu)?nAy'' unchanged. ''iiffi0 ' "Oi- 3t,,' 1SiS13iC |
