The Wichita daily eagle., 1895-10-03
WILL STOP, MAYBE.
PROSPECT FOB A CESSATION OF THE
EXPORTS OF GOLD.
Stock TRANSACTIONS Broaden In Volume and
are More Widely Distributed, the Mar
ket Closing Strong 1T the Best Figures
Chief Influence II the Easier Tendency
of Sterling Exchange. Due to An Increase
in Offerings Of Cotton and Grain Bills
Enect Of Russo. Chinese Operations Is
Made Little Of-Bonds Strong.

New York, Oct. 2.-The stock market
today enjoyed substantial increase in
the volume Of business and a strong
tone was manifested throughout, except
for momentary halt in the early deal
ings. The distribution Of the trans
actions showed a broadening tendency.
The chief stimulating influences upon
the general market was a decidedly
easier tendency in the sterling exchange
market, directly attributable to in
creased offerings Of cotton and grain
bills. The inference drawn by the f.
nancia1 community at large was that
no further exports Of gold are likely,
as the supply of bills against grain and
other staples is certain in the ordinary
course at this season of the year, to
increase. Some apprehensions had
been created on this score by reports of
gold exports in connection with Rus
sian operations incidental to the Chi
nese Foan, but SO far there has been
nothing to substantiate that cry. The
shipments Of currency to the interior
are large and especially to the south for
cotton crop movement purposes, indi-
eating speedy increased supply of eX-
change.
The other factors in the market were
special in character, Chicago Gas was
stimulated by reports of the impending
publication of the reorganization plan
attended by the publication of the
names of prominent financiers and rail-
road men as parties in interest. The
declaration Of the regular dividends on
Tobacco stocks had only a temporary
favorable effect upon thier market
price.
The opening was quiet and some
what Irregular, pronounced strength,
however, was soon evince6. The rising
tendency was checked for brief inter-
val in the early session by a raid on
Distilling which carried the price down
Evansville 1g-B
to rs per cent. The declines in the
general market were slight and the up
ward movement was soon resumed with
renewed vigor. The market closed
strong at the best figures Of the day.
Final prices show net gains of 2B per
cent In Sugar, Manhattan 2H per cent,
Tennessee Coal 21A per cent, Canadian
Pacific rs per cent, Cotton Oil, Burling
ton, Chicago Gas and Peoria Decatur
and Evansville IL per cent and l per
cent in Sugar preferred. Consolidated
Gas, Denver and Rio Grande preferred
Canadian Southern and Minnesota
dealt in than usual at 60 TO 601s per cent
closed at go per cent The advance
was attributed to the belief that the
improved condition Of the iron and
steel industry foreshadows the early
declaration of a divident. Tobacco sold
up per cent in the dividend announce
ments but developed weakness in the
final dealings. losing all Of the i'm
provement
243, ,265 shares, including: American Su-
gar $500; American Tobacco, 9,400;
Atchison third assessment paid 1890;
Burlington 14,300; Chicago Gas 27,S0O;
Distilling %, 100; General Electric $500;
Illinois Steel $500: New York Susque-
hanna and Western preferred 5000;
Reading 1900; Rock Island $500; st.
Paul 2, 300; silver certificates 5000; Ten
nessee Coal and Iron 1920; Wheeling
and Lake Erie $500.
Bonds were quiet and strong. Illi
nois Steel non-const rose per cent.
Texas and Pacific firsts IA per cent and
Norfork and Western guaranteed fives
~ per cent Oregon Improvement
firsts receded 1 per cent and Oregon I'M
provement consol fives 1S per cent.
The sales We're 81 900.
LOAN MARKET.
New York, Oct. 2.-Money on call
easy at 1902 per cent; last loan 2 per
cent; closed per cent. Prime paper
4A@5A per cent Sterling exchange
weak, with actual business in bankers
bills at s4S71s@4SS for demand and
$4S61a@4S7 for sixty days. Posted
rates s4S7G4.SS and s4.SSq4S9. Com
mercial bills Si.S6. Silver certificates
67A@1s.
Government bonds steady; state
bonds inactive; railroad bonds strong.
DAILY CLEARINGS.
New York, Oct. 2.-Clearings $140,-
563, 400; balances s1.S27, ,514.
Boston, Oct. 2.-Clearings s23, An ,663;
balances s., So. $50.
Baltimore. Oct.2-Clearings s2.53S, ,124;
balances $2S5,9
nat -