The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-09-23
HAS MORE ACTIVITY
FINANCIAL SITUATION STILL a
GREAT FACTOR IN STOCKS.
Gold Importations Now Set at the Fifty
Tendency In the General Mnrket-Tine
Money offered at Six Per Cent and Out
of-Town Banks Disposed Toward Prime
Mercantile Paper-Marked Gains in
Reading and New Jersey Central Shares
Bank of EnElsnd's Rate

New York, Sept. 22.1The stock mar
get showed a moderate increase in &C
tivfty today, and business was well dis
tributed with Sugar in the lead in ex-
tent of trading. This stock exerted
considerably sympa thedc influence upon
The general list. The market was de-
:idediy erratic, with especially wide
fluctuations in the specialties. The open
ing was irregular on a declining tend
sncy. owing to lower London quota
tons, due to the threatening aspect OF
political affairs in the Levant. Sales for
foreign account were also executed in
this market. The downward tendency
was checked for a brief period and a
higher level reached on liberal purchas-
IS. Some of the gains were material.
notably in New Jersey Central which
rose 21s per cen ito 102& per cent, ON the
theory of improved conditions in the an
hracite industry. Reading was a fea-
ture also. rising to 171z per cent on good
buying, which was attended by denials
Of an injunction in sight to the pro-
ceeiings of foreclosure. Time money
was reported offered at per cent for
all periods on currency notes, and an
Increased disposition by out-of-town
banks, and TO less extent by local in-
situations, to buy prime mercantile pa
per was noted. There was no important
pressure of long stock at any time ex-
cept in Sugar. A decline of per cent
IN Manhattan was attributed to realizing
A bulge of 8 per cent in Denver on i'm
proved conditions together with news
Of further engagements for gold for i'm
ports later caused some improvements
In the general market.
The total sales today were 30, $50
shares, including: American Tobacco,
$500; American Sugar 40,5O0; Burlington
and Quincy 13,100; Chicago Gas $500;
Louisville and Nashville. $500; Manhat-
tan. Is. 800; Reading IS, 500; Rock Island
$500; st. Paul %. 400; Tennessee Coal and
Iron 3. 400; Western Union $500; Wheel
ing and Lake Erie 1890.
The Reading issues monopolized the
bulk Of the trading in railroad bonds.
The general market ruled firm, with
Milwaukee, Lake Shore and Western
frSts, Ashland Davidson, scoring an ex-
ceptional decline of per cent The
sales were 81 .124,e0
Governments ruled firm In dealings
of $4,000.
FOREIGN STOCKS AND MONEY.
New York, Sept. 22.-Evening Posts
London financial cablegram says:
THE stock markets We're fiat again
today, the increased exports of gold
favoring the probability of a rise in the
bank rate on Thursday. Consols closed
at 1922, the lowest of the day. Mines
were fat Americans were steady, but
dull, in sympathy with the general de-
preston.
THE Paris and Berlin markets were
weak"
London, Sept 22.-Gold is quoted at
Buenos Ayres today at 17S; Madrid 1926;
Lisbon 3112; Rome 107.27l2.
Amount of bullion withdrawn from
the Bank OF England today 245,O0o
pounds. OF this sum 900 was in
American eagles and $4,000 in gold bars
The price of American eagles has been
advanced I'D, to 76s Sd.
BANK RATE MAY INCREASE.
The Westminster Gazette this after
noon says there are increasing proba-
bilities of an early advance of the bank
rate (Which was 212 per cent last Thurs
day) to 3 per cent, adding that, apart
from the gold withdra wn from the bank
yesterday. 100000 pounds was bought in
open market for the continent and that
a slight further decline of French
checks would bring within sight the
probability of gold export to Paris.
Continuing, the Westminster Gazette
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