The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-09-27
FULFILLS FOR ONCE
BANK STATEMENT COMES UP TO
EXPECTATIONS.

1t Is, rs Usual of Late, Worked for An Ad-
Shows q Proper Increase In Legal Re
serve and In Deposits-Shars Market
Opens Strong and Higher on shorts
Covering and Closes, After . Raid, at
General Slight Net Gains-Bank State
ment-week's Review.
New York, Sept 26.-The stock mar
ket was moderately active today and
was strong in tone, although the move
ment of prices showed some IRREGULAR
ty. This condition was due to realiza-
tons of profits and to the elimination
of a large amount OF short interest
during the past few days. For the
fourth time in succession, forecasts OF a
favorable bank statement were utilized
to advance prices, and for the first time
the statement of averages came up to
expectations, an increase of 1891 $50 in
the legal reserve and of 3 3s2, 600 in de-
posts being noted. Experts on bank
figures took exceptions, however. 20 the
contraction of 81, 34S. 200 In loans.
The opening was strong and higher
under heavy purchases to cover shor:
and a moderate inquiry for long &C
count The improvements were more
important IN the industrials and inter-
national shares. The upward movement
continued during the first hour. Buying
by the arb;trage houses advanced St.
Paul TO 1874 per cent The gains In the
general list We're also important, with
-l,, 4
ed / per cent. Toward noon the bears
made a determined drive at Sugar on
reports of q. falling of IN the demand
for the product and expectation OF a
reduction IN the price OF the refined
grades early next week. The raid, to-
gether with long offerings. depressed
me proce per cent and the general list
lost fractions in Sympathy. a few Of the
industrials making more noteworthy de-
clines.
Thetotal sales OF stocks today were |
124. 500 shares, including: Atchison, $500; |
American Sugar, g. 300: Burlington and |
Quincy. 1900; Louisville and Nashville, |
$500; Manhattan, $500; Rock Island. |
1900: St. Paul. $500: Tennessee Coal |
and Iron. $500; Southern Pacific, $500: /
silver certificates. 81, 900.
The market Of the week was influence
ed by a marked expression OF awaken |
ing confidence IN the financial and gen
eral business outlook Large further /
arrivals and substantial new engage
noents OF gold, an advance % per cent |
IN the Bank OF England's minimum "a te
OF discount, reports OF the starting up
efresh OF suspended industrial and man
ufacturtng activity in various sections 1
OF the country. and a decided reiaIa-
Il. -
money and mercantile paper money mar
kets, all contributed towards a cheerful /
speculative temper. The revival o. ac-
tivity N TIE iron. steeI ard leather and 4
other trades facilitated efforts by SPEC
talists 10 advance prices. but The broad
enfnE tendency OF the stock and bond
markets also reflected Increasing CON-
business, both speculative and i
investment For rhe first time IN sew
ersi months TIE banks are quoting cal
money as low as Per cent. % a parity i
with the street rate. and tine funds are
On good MIXED collateral a.
s per cent fat FOR az periods up 70 one
year. Prime mercantile paper = IN b.
ter request. both By local and ou--of-
town banscs. and n readily discounted
a. 7Gs per cent. es against sGls pr
cent the week previous The engage
neats Of gold from re inception % The
TO date aggregate s4S.ess 90
and ne actu2i a--i--zls in the week were
s7.I6.oss0 (incinding snail amounts %
Chicago. Boston and san Francsscol.
bringing t5e grand total 90 "a. s3s SO.
The fill ssi7 - -he treasury gold 70
serve viii nor sppez< n ootzy's figures.
but ne actual r=se-ve OF D-s<.y si15.-
- Coo n an encouraging showing. Al
Ses Il pn-nt of - week
Vas t-fs- Arrival q 8 -. go in gold ~
San F-szsc.eco from AnstraEa- IN pay
D<n- for kz-re COTS, g-rssn.s q z-1sat
10 the fsizr na-rs@d Country. Anotse-
; z11fca1- t-e-n - ar s1ysac~ IN OCEAN
freight rates from this s~s board % tie
s-ghsr figures used n q lo-g ;-7s=
TIE S>-7ezd FOR hsrh-prsc-d invest
,neat be16s vas fairy brisk The
rfree- BELIEVES the sho-t Interest has
been largely reduced or TIRE ztvznc~ q
re po-s. ta-s-= 6zyE. ard >c-Es- % RE
ooiI leaders who inflated ibe upward
movement are underwood 20 have real I
ze6 sat s-ocks have % al sxseEi o@k.- .