OCR Text |
Show ItITTLE LIFE II STOCKJMRKETS Both Bulls and Bears Seem Fearful of Taking Any Pronounced Pro-nounced Action. HOLIDAY" IN LONDON IS PARTLY ACCOUNTABLE lh Uncertain Crop Outlook Also Regarded as a Factor in the Dullness. I NEW YORK, Aug. 1. Tho apccula-tlon apccula-tlon In utocks dovolopcd constraint today to-day and thero wus hcaltatlon about pur-itulnt? pur-itulnt? operations on oltliar side of tho account. The stock murkot wuh dull and lifolestf, but ended at docllnoE. Thin wan duo partly to tho cloulns of tho London stock o.tchango for a holiday. holi-day. Tho demand from that Hourco was bo Important an clement' In rallying wj prlcoB from iho acute dcpronslon of tho : tf latter purl of laut week that apcculatora wore Indisposed to pursue operations In ; tho absence of Information on tho 1m- : mcdlute attlludo of London buyora to American Blocks, The call loan rate al-i al-i no Ih docllnlmj In New York, and ro-iicrvoa ro-iicrvoa have risen to auch largo porcon-lno porcon-lno flgtiroH that tho occasion for heavy pold Importn does not appear important. Six montliH money wats freely,, offored i today at 5 per cent. -:' Tho casing of the call loan rato af-foctu af-foctu tho ponltlon of the bear party to ; i uomo oxtont by reducing thu -supply of utocks offered In tho loan crowd, tho direct di-rect borrowing of money being possible ) 4 on mora attractive terns than by the s wending of stocks. - Tho constraint on the speculation camo ! partly from tho uncertainty of tho crop outlook. There la a desire to await the appearance of tho government report on I condition of the cotton crop tomorrow for information of tho extent of do-; do-; ' tcrioratlon of tho plant during July. 1 1 Roports of showers at Homo of tho i polntK where rain Is needed affected both : the cotton and corn markets today. Con- l denco was lacking that the., relief was i effectual. A good impression is caused E at tho flnnnclnl center by the heavy receipts re-ceipts of wheat for tho promise it givoa ii of a rapid marketing of tho crop and the i ' relief thus afforded from a demand for hank credits to hold tho grain. , In the opening weakness of tho mar- 1; kot Pennsylvania was affected by tho L roduction in net oarnings reported for Juno, tho gross increase boing ovor-bal-nnccd by the Increased operating coat. , ; The stock rallied on tho declaration of ; the regular quarterly dividend. Some of . tho other standard railroad stocks qIbo ' benefited from Increased confidence I over tho maintenance of dlvidond rates. Tho decline in C. O. during tho day's ; osHlon was takon to represent an at- tltudo of suspicion In the speculation which is the outcome of tho Pearson j syndicato eplsodo and tho analogies ; which are applied to other projects of i ' rnllroad extension and combination. An- i other back-current in the speculation from tho Pearson syndicate settlement was the weakness of several bonds of uomo of the railroads, the control of which It was thought might bo involved In that settlement. Strengthened auspices thus promised for these railroads. rail-roads. It was thought, should operate to increase the security of the bonds. Their decline throws the situation opon to question. Bonds wore irregular. Total sales, par value. $1,205,000. United States bonds wero unchanged Wi on call. I New York Bonds. U S 2s rep 1003 Inter-Met -lis . 781 do coupon . ..1001; Inter M M -Us.. 50! U S 3s reg 101 J Japun -Is S9o do coupon ...10H Japan -lis 04R U S Is reg 1H2 K C S 1st 'is.. 72 do coupon ...114? Lako Sh dob -Is 02jJ Mils- Ch 1st us 74i L Si N un -lo... ' Am Agrl 5S....100EM, K & T 1 4s. 07i! Am T & T c 4s OH' do gen -lis... 84 Am Tob 4s 7Si Mo Paclf 4s.... 75 . do Cs lOfiJN'Rys of Mx 4J D.r iffS rArmour & Co 4i Pi N Y C g 3 Is... 877( i i Atchison g 4s.. 9S N Y C dob 4s.. 02J i do cv 4s 104 Is'Y.NlI & H. Ga.1314 , ; do cv 5s 107 N & AV 1st c 4s 9i ' Atl C L 1st Is.. 02 do cv Is OOf t B ,fc O Is DS; Nor Pacific 4s.. 0UJ I do 'Ms '" do 3s 70S! ? do S W 3Js.. 871 O S L rfde: 4s.. no Br Tran cv Is.. Sif Penn cv 3?s.... 05 Cent of Gsl 5s.. 105 do eon 4s.... 102 Cent Leath 5s. 07p Reading g 4s... 07 CRR of N.T g 5.12RZ StL & S F f 4a 70 VM Ches & Ohlo'li-100 do gen 5s.... S4g '. do ref 5s ... SO StL S con Is... 731 :, , Chi & Alton 31s 70 do 1 gold 4s.. 90 ! s C. B & Q jt Is. 05 Scab A L 4s 70 1 do gen 4s... 071 Do Pac col 4s.. SO i C. M & SIP g 3 J ir. -lo cv 4s .... 915 ; r CRI & PRR c 4 70Z do R R 1 r Is. 3J e do rfg is K72 So Ry 5s 104 Cnlo Ind 5s ... 77 U Pnclf Is 1001 Colo Mid 4s4... 05 do cv Is ..,.103 ,K C & S r & o 4Js' 94 do I and r 4s 95F; Dela & II cv 4s 90 U S Rub (Is 1021 D & R G is.... 92 U S Stell 2d 5s.l02q ?. L do rcf 5s 901 Va Car C 5s 9S 1 - Distillers 5s ... 60 Wabash 1st 5s.. 107' S 1 Erie pr lien 4s. SOjl do 1 and o 4s. G02 ? f do gen 4s G7 (Western Md 4s. S3 f 1 , do cv 4s sor A 04 W Elcc cv as... SC Bj ' k' A 'Jo ser B 59 Wis Cont 4s 9U ? t Ccn Elec cv 5s. 132 'Mo Pac Co os.. 91J I ; y 111 Cent 1 r 4s.. 97 |