The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-09-06


change strong-CIose Weak at Lowest.
New York, Sept 5.-The stock market
displayed an excellent distribution OF
business but was relatively less active
than on the previous day. The move
ment was feverish and selling for both
long and short account was the event
ual course. The upward movement OF
values which had been in progress at
the close of Wednesday was not sus-
tanned at the opening today. which was
characterized by activity and a lowef
range, the dominant influence being the
bearish attitude of the foreign dealers
in American securities. London cables
reported material declines for all Of the
stocks having an international market,
Louisville and Nashville scoring an eX-
ceptional decline Of l per cent. Arbi-
TRACE houses were free sellers az the
openig hour and the general list weak
ened fractionaIly. rally succeeded az
ter lois in which Sugar, the coalers,
Leather preferred, Minneapolis and 81.
Louis shares, Tobacco, and Missouri Pa
cific We're the most prominent. The
advance in the stocks named ranged
from / to 81 per cent, the last in Min
neapolis and St.Louis preferred. The
Improvement in Sugar was due to the
report of further advances in the prices
OF domestic and foreign grades. Mis-
souri, Pacific WITS helped in price by the
favorable statement of earnings publish
ed for the month of August showing an
increase in gross of 100000. Between
IL and II o'clock prices moved irregu-
larry, but later a declining tendency
was shown, eliminating in a decided
c rhe enI ina
in the boom in the coalers Influenced
free selling by operators who had look
ed for general old time advance SIM
liar to that of the famous Mcleod
Reading deal" Free offerings of gold
cables, indicating a fairly large out
ward movement Of gold on Saturday.
also had depressing influence. The
markets for sterling and continental
exchange continued strong but only a
single important withdrawal Of gold
was made. that Of SIC. 900 for the Cana
dian account The final decline result
ed in losses extending from the best fig
ures TO lax per cent in the coalers,
the last in Reading; Asd1 per cent in the
Changers: IL per cent in Leather pre-
ferred: IL per cent in Sugar and Chi
cago Gas. The other declines ranged
fronts to rs per cent. The market
closed weak at about the lowest of the
day.
Bonds were active and irregular with
sales of So, 224. 900. There was pronounc-
ed weakness in the speculative issues II
the close and Cordage first trust re-
ceipts sustained a loss OF 21s per cent:
Reading firsts income per cent; Read
ing seconds rs per cent: Atchison sec
onds, trust receipts, Il per cent, and
Texas Pacific seconds and Wisconsin
Central firsts trust receipts per cent.
LONDON STOCK EXCHANGE.
New York Sept. 5.-The Evening
Posts special financial cablegram from
London says: The coin and bullion IN
the Bank Of England increased only
373 900 pounds this week. although 49,
600 was received from abroad on bal
ance. the details being So 900 in bars
and United States coin. 211. 900 from Au-
stralia and the rest from Paris On the
other hand $4,000 was taken out on the
cape on a fresh outburst OF speculation
in the milling market. This has d.
verted attention from Americans. The
tone, however, is still good with Read
ing issues in special request The Pa
cific stocks remain dull.
The German expert sent out TO report
the west Australian gold fields is said
to have made a glowing report upon the
Humans district. and great excitement
GOLD RESERVE.
New York, Sept. 5.-The treasury's |
gold reserve, as reported from Wash |
lngton today at sgy. i27. 567. shows the |
first break below the 500. 000. 900 mark /
since June %. Its lowest point was SAL.
$40. lS1 on February IL. II first reached /
the limit after the syndicate contract |
was made on June Is when il touched |
800. $3.50. 357. The reserve reached its /
highest point 4107, 81 300 this year on
July 10. OF course the daily treasury
reflects conditions which pre-
vailed two days ago, so actually the re-
serve. owing 10 the weeks deposit OF
syndicate gold. is now above the $780,
,Oo. 900 limit. today's figures really ap-
plying to the state OF the treasury on
Tuesday.
Washington, Sept. 5.-The gold re-
serve at the close Of business today af-
.er deducting all Withdrawals was 59s,-
~ .561.