The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-09-24
COURSE is UPWARD
RISING TENDENCY OF SHARES AL
MOST UNINTERRUPTED.
Large Volume Of Business, Irregularly Dis
trIbuted, With Industrials and Grang-
ers Taking the Large Transactions
Street Processes Satisfaction In the BE
lief that Gold shipments are Checked
and In tho Better showing of Railroad
Earnings Exchange Easier and ster-
ling Loan Runorsd-Bullish Market.

ling Loan RumOr0d-Bullish Market.
New York, Sept. 23.-The course Of
speculation today was, with few ex-
ceptions, toward a higher range OF
prices, the upward tendency being al
most uninterrupted. The volume OF
business was fairly large. but it was IT.
regularly distributed. with industrials
and grangers enjoying the large deal
ings. The conviction that the outward
movement Of gold is over, at least tenn
porarily, and the satisfactory reports
OF earnings Of most Of the railroads un-
doubtedly had considerable influence
in the market. The formal winding
up OF the government bond syndicate
and the rapir progress already made on
the lines OF the rehabilitation OF the
Erie, in the opinion Of Wall street, now
leaves the field clear for the reorganiza-
tion Of the Reading system and incl
dentally the reformation Of the great
anthracite system. The easier tenden-
cy Of the exchange market in the last
few days took many people by surprise
and oocasioned rumors OF the negotia-
tons Of a sterling loan. by way OF ex-
plana ton. These reports. SO far as
can be learned, have no foundation in
fact, and we'll informed bankers de-
clare that the favorable tendency OF
exchange is entirely natural and that
there is no present necessity for ster-
ling loan.
The market opened strong and active.
with numerous slight gains IN the lead
ing shares. The bullish sentiment be-
came quite pronounced after the init
ial dealings and on a moderate vol
ume of trading. Cordage rose 2 Is per
cent; Lackawanna and Chicago Gas
SIS per cent; Sugar and Distilling IL
per cent; Cordage preferred 3-s per
cent. and Cincinnati. Cleveland. Chica-
go and ST. Louis per cent. Other ad-
vances occurred below full figures. The
advance eliminated after the first hour
and on sales to realize profits. Pacific
Mail lost an extra per cent. Delaware
and Hudson i 3-S per cent. General Ill
ectric, LaClede Gas preferred and Ten
nessee Coal per cent and Tobacco rs
per cent The weaknss in Pacific Mall
was due to rports Of hitch in the ne
gotiations for settlement with the
Panama railroad. They are denied by
officials OF both companies. The force
OF the downward movement was spn'
about midday and rallies were record
ed in a number OF Instances. Pitts
burg. Cleveland. Cincinnati, Chicago
and 81. Louis preferred gained IL pei
cent: Tobacco ala per cent: Sugar
per cent: Rock Island 1-2 per cent:
Chicago Gas. Burlington and Pacific
Mail Is per cent and Long Island
Traction / per cent. The advances IN
prices were very pronounced in the last
two hours Of business. The strength
OF Sugar was ascribed 10 the advances
the foreign and domestic grades which
are almost daily reported The market
closed strong at the best figures OF the
day. The most important advances
were in Sugar 2 "a per cent. Chicago
per cent and Tobacco and Lackawanna
SIS per cent.
Trading in bonds was moderate IN
volume with a strong tone to the spec
ulation. Advances were established
in New York. the Northern first fOurs.
Belleville and Carondsiet fves IS:
Cordage hrsts, trust receipts IA Der
cent; Tennessee Goals frsts. Birming-
ham division. per cent: L~high VAL
ley Terminal firsts / "a per cent: Nor
theru Pacific seconds l-2 per cent and
Chicago and Northern Pacific hrsts.
trust receipts. Colorado Coal SKIES, Eli
zabe;h and Big Sandy frsts. Kings
county elevated hrsts. P!ttsburg. Gin
cinnati. Cleveland. Chicago and 81.
Louis 4i-2s. Erie and South western
firsts and do seconds Per cent. St
Paul Minneapolis and Minnesota and
Montana Central f1ves fell OF IL p~r
cent: Michigan Central cons.ls "a per
cent The sales were s.. ssl GO.
LONDON STOCK EXCHANGE
New York. Sept Zs-The Evening
Posts London cshlegra-i says: TIE
stock market today was qu!et ou, stes-
dy- Americans spurced considerably.
This was psrtely due 20 the scarcity ~
the favorable IMPRESSION made BY the
dissolution OF the Observation-Disclosures
syndicate. Opinions here a. 20 the
outlook in America differ very widely
even IN the best quarters. but the ten
dsncy ia inclined 20 be bullish- Prices
closed under the best purchases here
larger than Of late
BANK CLEARTSGS
Philadelphia Sep. =. -Clsari1gs
s rs. +91: balances 81 81 80
Baltimore. sep. I-Cl-aTi1gs 8. sss. :
al; balances tzIs.5d9-
New Orleans. Sep. z3.-Clear1ngz S.
81 81
ST Louis. Sep E--CIearings - ss.-sss
balances ssSs-e4s Money Sf7 PEI cent
New York exchange - ceDts discoun;