The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-06-04
GETTING NO BETTER
SHARE SPECULATION RETAINS
TUESDAYS CHARACTER
That Is, In the Respects of Animation and
Is improvement In Prices-Nzrket At
Opening Weak and Lower, Concessions
Being Observation-Disclosures Responsible
for the Bulk of What Little Dealings
There May be, the Butler Bond Bill
Cutting Much of a FIsure-BondS

1
New York. June 3--The share specu-
lation failed to display any improve
ment in point OF animation or distribu-
ton OF business. The market az the out
set was weak and lower. the concessions
however, being fractional The traders.
who were responsible for the bulk OF the
limited dealings, were Unfavorably i'm
pressed by the formal passage OF the
Butler bond bill by the United States
senate and by depression in the London
prices for Americans. The lower range
induced some covering purchases and
little buying for long account Although
the succeeding prices were somewhat ir-
regular, the market in a general way
trended upward and late in the day al
most the entire list displayed improve
ment over yesterdays. The industrials
were conspicuous in the dealings and in
some instances the movements that oc-
CURED were evidently inspired by man
ipulation. Bay State Gas was taken in
hand by inside interests and worked up
3S4 per cent, TO q per cent Covering OF
shorts marked the advance. Sugar.
General Electric and Manhattan moved
within a range OF about a point bur left
OF without noteworthy change. Tobac-
CO developed heayineSs in the final deal
ings and broke 1s4 per cent with the sell
ing stimulated by impending reductions
in certain grades OF the product handled
by the trust The general market was
not especially influenced by the weak
ness of this speciality and closed firm
| With the railway lists strengthened by
the favorable exhibits OF earnings pre-
sented, including the annual report OF
the Rock Island, showing a surplus OF
sJ00.5S2, after the ? per cent dividend
disbursement Silver certificates were
unusually active today. the sales ag-
gregating $4,000 and the price moving
up from SO per cent 10 69Ia per cent and
closing at So per cent The advance was
due TO the speculative purchases. and
the reaction 70 sales, at the top. by
agents of the producers. The changes
in prices were due 10 statements and
assumptions by the street regarding the
political probabilities.
The total sales of stocks today were
s116,526 shares, including: American
Tobacco 1880; American Sugar %, 700:
Burlington and Quincy, 800; Dtstillmg
and Cattle Feeding $500; Louisville and
Nashville 400; Ontario and Western
Pacific 1900: 81. Paul 1000; Tennessee
Coal and Iron 5000: W. and L. L. $500:
silver certificates 140, 600. Railway bonds
were quiet and lower with decided
weakness in some of the speculative IS
sues at the close on foreign offerings.
The sales were sS43. 900. The principal
declines were in Chicago and Northern
Pacific firsts trust receipts 21s per cent:
Texas Pacific frsts, do seconds and
Kansas and Texas seconds IL per cent
and Spokane and Palouse 6rsts trust re-
ceipts I per cent.
Governments lacked feature but were
well held on sales of $2S.600
BANK CLEARINGS.
Philadelphia, June 3.-Clearings 3d.
659. 442; balances $2,I03, Jos
Baltimore, June 3.-Clearings S2.SS4,-
67s; balances 1888. pa
St Louis. June 3.-Clearings S4.560.-
$50; balances $3.50. 222. Money 6as per
cent