The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-08-31
TONE Is IMPROVED
y0TWITHSTANDING A REDUCED
VOLUME OF BUSINESS

Gold Shipments Unexpectedly Large and
the Street Notes the Fact but Depends
on the Syndicate and Values are Little
Disturbed In ConseQusnce-Slight keae-
lions at OpeniDg-Industrials Advanced
by Covering Movsmsnt-Railvay
Group Joins the Procession Latsr-De-
cline on Realizing Sales-Bonds
New York, Aug 3o-The stock mar
ket today was characterized by an
improved tone although The volume OF
business was lighter than yesterday
In view Of the fact that the engage
ments Of gold for shipment by tomor-
rows steamers were larger than had
been expected. and that a million and
a quarter OK gold had been withdrawn
from the sub-treasury, the speculation
was remarkably firm The street felt
assured that the government bond syn
dictate would reimburse the treasury
for most of the gold taken out and the
syndicate deposited a million IN gold
before the close of business, taking le-
gal tenders in exchange, thus placing
the reserve at about si00.S71. 900. At the
opening Of the board, some fractional
reactions too kplace, and Tobacco broke
rs per cent to s2a per cent on manap-
ulation. Under the influence Of a sharp
covering movement, Tobacco sold up
per cent. Other of the InduStrials also
came into demand. and recorded gains.
Cordage guaranteed advanced 81 per
cent: Chicago Gas rs per cent; Tennes-
sect Coal IL per cent: Sugar rs per
cent, and Consolidated Gas and La
Clede Gas l per cent The railway
group after II o'clock entered into the
transactions and scored gains ranging
up TO IL par cent in New Jersey Cen
trail. After midday sales to realize
profits caused a fractional reaction in
the general list, per cent in Sugar and
2Is per cent in Tobacco. The decline
was checked before / O'Clock. and an
appreciation IN values of 1sa1h per
cent took place. the latter In Bay State
Gas; Ia per cent in Pittsburg. Cincin-
matt, Cleveland and ST. Louis; Is per
cent IN Iowa Central preferred and 1
per cent in Wabash preferred. Pan
handle preferred was notably strong
and rose per cent TO IS per cent. After
delivery hour realizationS again gave
the market a set back. Sugar. Tobacco.
and Lead preferred losins1 IL per cent;
Erie preferred 1 per cent, and other
shares a small fraction United States
Express sold at AK per cent against AZ
per cent the last preceding sales. Spec
ulation was heavy at the close. but
prices are in the main higher than yes
terday's final sales.
There was q maternal shrinkage in
the volume OF bond trading today COM
pared with yesterday. and the preced-
ing day, the sales having aggregated
but s2,753. 900. The speculation, howev-
er, lost none OF its buoyancy. and hber-
al advances were recorded in some is
sues. notably Lehigh Valley terminals
frSts per cent: Wisconsin Central
firsts trust receipts 25s per cent; Ore
Con Improvement conSoi fiveS 2is per
cent; Tennessee Coal. birmingham d.
vision, firsts. and Big Four. Cairo d.
vision, tours per cent; Union Pacific
Denver and Gulf frsts IL per cent;
Atchison. Colorado and Pacific firsts
1A per cent: Denver and Rio Grande
fours IL per cent; Texas and Pacific
seconds 11s per cent, and Kansas and
Texas seconds, Louiville and Nash
VILE. H. n. A. consol fives, Missouri
Pacific trust fives. Wabash seconds,
Union elevated firts. and Indiana, I'LL
nois and Iowa fours, ! per cent. De-
cIines-International and Great North
ern firsts, IL per cent Cotton Oil Fights
IL per cent and Oregon Improvement
firsts, Alton and Terre Haute firstS
and Iron steamboat tours / per cent