The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-09-18


Exports Being Moderate, and With
drawals Of Gold for Export Being About
Offset by Deposits from Various yoiun-
teerinS Banks-Brisk Buying Starts An
other Advance-CIosins Decline
New York. Sep. 1.-THE stock mar
ket today showed falling OF in the
volume of business of fully one half
as compared with that of the previous
day. The movement Of prices was also
considerably less erratic but the deal
ingS were relatively as we'll distributed
as on Monday. While the professional
traders were responsible for most OF
the fluctuations fair amount of act
ual buying was noted The leaders in
activity were St. Paul, Chicago Gas.
sugar, Burlington. Rock Island and
Tannessee Coal: Opening prices were
favorably affected by general fraction
al advances in the London prices of the
international shares. The state of ac-
tivity was due to the comparative alb
sence of disquieting reports and rumors
and to the moderate engagements OF
gold for export. The withdrawals from
the sub-treasury for this purpose were
about balanced by the amount of de-
posits by scattered banks. The curren-
cE transfers for shipment TO the int
rtor exceeded $4,000 Influences bear
ing to certain extent upon the trad
ing included a decline In sterling ex-
change rates and a drop OF about l
Fer cent in the rates for call from the
highest figures of the previous day.
Further advances in the prices Of for
/ eign and domestic sugars were report
ed and the anthracite coalers respond
ded TO the improving tendency of the
trade as evidenced by the advances in
anthracite prices at tide water. follow
ing the recent advances made by the
| Philadelphia companies. The improv-
\ ing tendency OF stock prices at the out
! set was soon checked by a drive
! against the grangers, that groupe re-
! ceding &G1k per cent, the last in
Rock Island. The weakness soon COM
| municated to the general market, al
though TO a lesser extent. The more
I! important other declines were in the in
,duStrialS. The reactionary movement
| was checked soon after IL O'Clock under
| brisk buying for both accounts, the
| entire list advancing. The gains scored
were material and pretty general Chi
cago Gas and Erie Telegraph rose 3
per cent: Sugar rs per cent: Flint and
A
Atchison preferred, when issued, Ia.
per cent; Missouri Pacific and Pacific
Mail rs pr cent; Minnea polls and St.
Louis second preferred and Manhattan
~ per cent: Southern Is per cent:
Lead. c. c. c. and st. Louis. Cotton
oil, Tennessee Coal and Lake Erie and
Western IL per cent; the coalers 1415s
per cent; mot single transaction be-
ing made however, in Lackawana), the
last in New Jersey Central. In the last
| hour the advance was retarded by sales
! to take profits. in which New Jersey
| Central receded rs per cent; Lead IL
| per cent and the general market frac-
| tionally.
The bond speculation left Off weak
in tone but with prices as a rule about
| the final transactions of the previous
( day, it was not until we'll into the late
session that the dealings assumed a
! decided tone. Prices then began to
trend upward. The sales were 81 .S14,-
900.
LONDON STOCK EXCHANGE.
New York, Sept 1.-THE Evening
Posts London cablegram says: Min
Z ing stocks alone were active and strong
today. Louisville and st. Paul led the
| market. The market was fairly sup
ported here but there was no renewal
of purchases today by Ksffir dealers.
Rothschilds is buying gold freely. 1t
is said to be for Hungary but the re-
ported destination is little doubtful.
GOLD SITUATION.
Washington. Sept. 17.-Reports TO the
treasury department shows that $685.
900 in gold was Withdrawn today from
the sub-treaSury at New York for ex-
port and that $3.50, 900 in gold was depos-
tied by Rochester bank. which offsets
the Withdrawals leaving the true
amount OF the reserve at the close Of
business s95, 49,, 52S.
Under normal conditions. the treas
ury gains some gold nearly every day.
as banks in all OF the sub-treasury cities
prefer to exchange for notes any small
amount OF gold they may take in over
their counters, and especially If their
coin reserve is in no need OF replenish-
ing. During the last few weeks the ag
gregate of these deposits has been con-
siderable. the offer OF large amounts,
however, have not been plentiful except
when accompanied by conditions the de-
partment could not accept. Several Of
fers Of small amounts have been lately
made, with the stipulation that the de-
partment pay expressage both ways,
but as there Is no az preparation for this
purpose, these offers nave been declia-
ed. II Is said at the department that
the most generous offers OF gold nearly
a
and st. Louis and when gold ia scarcesc
these banks always come forward and
express a willingness 20 help out.
At New York today $685. IN large
United States notes We're deposited IN
exchange for small notes TO be shipped
TO a number OF points east. south and
west. These exchanges ere received
with satisfaction at the department q
;they reduce the supply OF cash, which IN
ftime. 81 is argued. is sure 20 result in a
stiff errfng of the rates OF interest, and
Incidentally IN a cessation Of the with
drawais OF gold for foreign investment.
The talk OF an early bond issue has
practically died out here. the opinion
among officials being that P-ee;dae1t
Cleveland VIII protect the national
credit when in danger by any means
within his power. the present situation
IS not such as 20 call for any acton on
his part. Those persons best qualified
% speak OF the subject say that aroth-
ST bond issue Is certainly not within the
probabilities.
BANK CLEARINGs
PhIladeIhia- Sep. i7.-Clearings 81
1891: balances 81. 10. 372-
ST Louis, Sep. 17.-Cisa-ings N.l1s.- |
3s; balances s33s. SO. Money 5T7 per
cont New York exchange 81 discount /
bid.
New Orleans, Sep. 17-CIea-ings 81. /
81, Sc
FOREIGN FINANCE
Berlin. sep 1.-THE weekly ststs- 1
-nent OF the imperial bank o. Germany 4
shows the following changes a. corn- 1
pared with the previous account; casa I
IN hand decreased $50. 90 marks: tTsa~ /
sury notes increased zse. 600 marks. 9th 1
81 securities increased j 600 marks; |
notes IN circulation decreased La. 90 /
marks