The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-06-30

tatDs much LEfavorADls hatter->pe-
cial. Gold Shipment Epidemic Not
Checked-Losdon stock Markets DulL
New York, June 2s.--The opening
trading in stocks today was signalized
by effective bear demonstrations
against the list, the operators for the
short account being encouraged by the
nervousness OF the street and by the
extensive liquidation that had marked
the close OF the week. The dominating
influence was again the activity Of the
pro-sfiver advocates. Other develop
ments bearing upon the market IL
Guided the publication OF unfavorable
traffic returns by the Burlington and
st. Paul companies and the unexpected
withdrawal OF s1.1ee 600 in gold for ex-
port. The Burlington May report
showed a decrease in net OF SOS. 554 and
the ST. Paul for the same month lost
s1S1, SIS in net. OF the gold engaged
all but $4,000 goes TO Germany under
the special conditions which have be-
come such familiar operations. Wall
street has been treated 10 expert fore
casts TO IN effect that the special"
o-l-p4AClNS nstS Ocru pIdClCdliN NouNQ
up for the season and accordingly felt
somewhat discouraged over the devel-
opmend. IN addition 10 the considera-
tons noted. liquidatiors became evil
dent and as a result severe declines
wer recorded all along the line. A re-
deeming feature was the execution OF
heavy purchasing orders for foreign &C
count TO the estimated extent OF 4O. 900
to $1,000 shares This buying exerted
cnty temporary sustaining effect.
however. and under renewed pressure
prices again trended downward. As
usual in a market OF the character de-
scribed. stop orders were uncovered
and additional stimulus was thereby
given 10 the decline. The unfavorable
character OF the granger statements re-
acted on the other railway properties
and IN the slump large blocks OF stocks
frequently changed hands. Sugar was
very erratic. moving frequently within
a range Of IL per cent. The extreme
break carried the price down 4 per cent
10 1855 pr cent, and. although a rally
20 n1k followed, the closing was at
about the lowest. Increased activity
in Chicago Gas resulted in a decided
slump in its price The offerings were
heavy and included the balance OF a
considerable speculative interest. The
drive at the stock was quit marked
around midday and q break In II OF AZ
per cent, to S1h per cent, exerted a pro-
bounced unsettiing effect on other in
dustrials. The coalers shared in the
general depression, dspite the strong
statistical position Of the anthracite in
dustry. New Jersey Central led the
decline in this group by drop Of Az
per cent. The southwesterns were also
quite weak, especially Missouri Pacific
The extreme declines In the grangers
were 2ss Per cent in Burlington, Pa per
cent IN St. Paul aud per cent in Rock
Island. Material declines occurred IN
many other instances and the market
displayed greater animation than for
some time past. A sharp rally from the
low points was made IN the final hour
but during the last Is minutes Of bus
mess renewed weakness set In and
prices yielded to near the lowest OF
tn day.
tn bond market was fairly active and
numerous declines were noted, averag-
ing in the leading speculatives about
point. The losses were more extern
sive in some instances
Governments were weak and slightly
lower for the new fours. The other
issues. however. were fairly steady.
The sales were SIS. 900.
Silver certificates gained fraction
on sales of Isl 600
FOREIGN STOCK MARKETS.
New York. June 29.-Evening Posts
London cablegram: There was ecarce-
iy anything doing IN the stock markets
today, and few changes of importance
have occurred IN prices. The largest
movements were in Americans and
these were OF an adverse nature. 81.
Paul has dropped below II per cent
and Louisville 10 49ia Per cent. moth
ers the fall averages Il 10 q Of a dali
lar. The market is very unsettled q
over the outlook OF the action OF tbs.
Democratic convention at Chicago IN rs
gard to the silver question In the
BEST quarters. however, IL Is considered
that the silverites wifi not have a leg
10 stand upon when the time comes for
a final settlement OF the issue.
Paris and Berlin were dull.