The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-09-29


lation of the Attitude of European
Speculative Interests, which, by Prone
ness to Sell on this Side, have Neutral
lied the BuIlish Effect of the Advance
in Cotton and the Assurance of an
Enormous Corn Crop-Course of specu-
lation for the Day and Week-Bonds.
New York, Sept. 2S.-The stock mar
ket opened dull but firm. There was
come pressure against Burlington and
Chicago Gas, causing fractional recess
sions. The railroad list was practical
ly neglected. Distilling exhibited mar
ked strength and sold up Is per cent,
to % per cent, the best figures yet at
tanned for the certificates In the final
hour Sugar received support and rail-
led rs per cent, the other markets re-
cording like fractional gains. In the
railway list the only noteworthy change
was an early recession Of Is per cent in
Cleveland, Chicago. Cincinnati and St.
Louis with a subsequent rally of IL
per cent. Tobacco displayed a mark
ed weakness in the final dealings and
left off1A per cent lower. The general
market closed quiet and firm. The
light volume of business was largely
due to the absence Of many operators
from the markets, both here and in Eu-
rope, incidental to the observance Of
the great Hebrew fast of Yum Kippur.
The speculation during the past week
has moved within a narrow orbit Of
fluctuations. The bullish sentiment
caused by the safe harvesting of our
great crop Of corn, the substantial adj
vance in the price Of cotton, and the
great general Improvement in mercan-
tile business throughout the country
has been neutralized by the attitude of
European speculative interests, which
have shown prediction for selling on
this market. The unfavorable situa-
ton has been reflected in exports of 81
bcOG0n in gold to Germany. The mer-
eantiIe house that has been the heav-
lest shipper of gold to Europe has chang
ed the destination o fits shipments mere
" because the continental exchanges
rs against the London are favorable to
gold imports, and as London, even when
Its supply of gold is plentiful, never
tavors any outgo of the metal. the
Uninted States is drawn upon. This is
because this country is the debtor ma
ton of the world, and is compelled to
furnish gold whenever, or wherever it
Is needed. The foreign exchanges are
likely to continue against us unless we
greatly expand our exports or contract
Imports, or the foreigners become heavy
and continued buyers of our securities.
The shipments Of gold to Germany are
IN transit TO Austria, where the Rotchs-
childs, now that the American govern
ment bond syndicate has been wound
up, are able to complete financial opera
lions NOR Ia
more urgent necessities Of the United
States compelled attention.
About the only direct new topic of in
terest has been the improving tendency
OF the anthracite coal industry. This
mas been reflected in aggregate ad-
vances of so cents per ton in prices al
the east and west in the past two weeks |
and is believed to foreshadow a speedy !
reorganization of the great Reading sys |
tenn. The speculation has been almost !
entirely professional and, despite con-
siderable irregularity in prices at in |
terValS, the net changes We're note |
worthy in but few instances. The |
heaviest gain is in Distilling, Az per
cent This advance has occurred de-
spite the current reports of probably
further conflict in the property Hud-
son and T. c., and st. Paul preferred is
up per cent; Canadian Pacific, 25s per
cent; Lackawanna, 3ss per cent, and |
Rio Grdnde Western preferred, per
cent. Illinois Central shows a decline
of per cent. Final quota tons in 9TH
~ shares show in most cases fractional
declines. The aggregate sales were l.
B2S. 500 shares.
The total sales Of stocks today were
$500 shares. including: American SUI
gar, $500; American Tobacco, $500; Bur-
iington, 1000; Chicago Gas. 1900; Dis
tiiiers, 2S,6o00; Reading, $500; ST. Paul,
300.
The trading in bonds today was light,
aggregating only 1863. 900 The ten
dency Of prices was toward lower fig
ureS. The movement of prices for the
week wa somewhat irregular. but there
was a firm undertone to speculation. |
Advances extended to Az per cent for
Erie second consols, and 37s per cent for
the trust receipts. The aggregate sales
for the week We're 50. 93i 600.
Government bonds have been dull. the
sales amounting to only sl1, 500. State
issues also lacked animation. the deal
ings being confined TO s12, 900 Virginia
centuries: $4,000 Louisiana consols tours
and s.. 900 Ala bama fives class T.
WEEKS EXPORTS AND IMPORTS.
New York, Sept. aS-The exports of
specie from this port for the week
amounted to S2,5O9.SS in gold and SS19.-
in silver. The imports for the week
were: Gold S57.0s6; silver SOC. S41: general
merchandise $500, $40; dry goods S.
S3oS54.