The Wichita daily eagle., 1896-06-05

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souri, Pacific for the Week and Month
Northwestern Pats in a Surplus of
Nearly Two Millions for the Year,
Which Is Followed by an Improvements
in RzHways-DeaIinss in Silver Certifi-
Gates on a Large Scale, With Indications
of Big Things in the Near Future.
New York, June 4-The most import
an influence upon the general market
today was exerted by exhibits OF rail-
road earnings for the fourth week and
month. The statements were not uni
form in tenor, as both losses and gains
were reported. the decreases being the
more numerous. The showing OF the
Missouri Pacific was the most unsatis-
factory. disclosing losses Of $S7.000 for
the week and s2i5,O00 for the month. The
report encouraged q raid on the stock
by the traders. causing a decline OF Ia
Der cent with a subsequent fractional
rally. The trading in the stock was On
an unusually large scale, as compared
with recent totals. The Northwestern
annual report was as favorable as had
been anticipated. The surplus Is ST.
s4S. .551. against a deficit last year OF
s273. $50. a decided improvement in the
/ later prices Of the railway shares fol-
lowed the publication OF these figures.
which was rounded out by q display Of
buoyancy in the anthracite coal shares.
The closing was strong with an advance
Of point in Denver preferred. reflect
ing foreknowledge Of firm confidence on
the part Of some operators that a divi-
dend would be declared today. An Of
fetal announcement viii be made tonor-
row. The general railway list moved in
a narrow groove but some Of the spe-
cialties were conspicuous for wide fiuc-
tuations- Bay State Gas sold off =. TO
p per cent. on profit-taking but suose-
quently stiffened TO 277s per cent on
favorable edvices from Boston as 10 the
legislative probabilities. The dealings
in silver certificates were on large
scale and a further advance Of a per
cent was REGARDED on speculative pur-
chases based upon political forecasts.
A sharper demand was also noted for
foreign account The transactions were
900 shares, with a block Of 100. 900
selling at the top figure. 69ss per cent.
Reading reacted sharply in the early
dealings on sales due TO the official an
nOuncement OF the certainty OF fore
closure. New Jersey Central also sold
a point early but eventually moved up
2 point IN sympathy with the late furry
in the coaiers. Lackawanna rose 3lA per
cent, New Jersey Central 2SS per cent.
Delaware and Hudson IL per cent and
others of the group gained material
fractions.
The speculative issues were more free
" dealt In and irregularity IN prices,
within a narrow range was noted in
the bond market. The dealings were
amended by few features OF interest.
The sales were 81 .O05. 900.
FOREIGN STOCK MARKETS.
Ney York, June 4.-Evening Posts
London financial cablegram: The stock
markets were still tIlinly attended to
day because Of the EPSON races, but the
tone was buoyant IN all branches eX-
cept Americans. Home rails. Kaffirs
and West Australians were booming.
Americans have been sustained here by
the general strength OF other markets,
but the close was dull at the best on
ca b9ed news of the progress OF the free
silverites in the United States. II had
induced a heavy speculation for rise
IN silver and silver stocks here The re-
cent success of the silverites comes as
cause all the American correspondents
for weeks past have indicated other
wise.
The weekly statement Of the Bank of
England shows that the coin and bull
lion have increased $4,000 pounds, OF
which $4,000 pounds were IN gold i'm
ported. the details OF the gold move
ment being 10000 pounds in bar gold
and a few United States coins bought;
30. 900 pounds imported from Australia;
42. 900 pounds from China and 1000
pounds from the continent The export
was 20 1000 pounds TO Malta only. Other
features OF the statement are an in
crease OF a million pounds in other de-
posts, showing a plethora OF money,
and a decrease Of 77S,O00 pounds IN pub
lie deposits due to disbursements by the
government
The Paris bourse opened firm but
closed weaker. Paris appears even
more disposed than LondOnd to renew
the KaffirS boom
The Berlin market was steady.
New York. June "A question that Is
agitating many spectators in the street
is the probable continuance Of the re-
Gently revived activity and strength OF
silver certificates. Predictions OF a
sharp advance in the price of metal are
INDUCED in and bullion dealers hope for
a recurrence OF the movement that
marked the year 1890. II i reported
that a considerable demand for the
white metal Is developed in Europe Il
Is understood that this inquiry comes al
the moment chiefly from France and in
a lesser degree from Spain for coinage
purposes and that orders have been re-
ceived here direct, the bids being above
the London parity. Many smelters are
said 10 have sold their product for three
months ahead and there Is cOmpara-
lively speaking. only a light stock OF
bullion on hand. The transactions in
silver certificates on the stock ex-
change today amounted 20 s236.000 al
s9I4 G69S per cent, making the aggre-
gate dealings for the week thus far.
t4es. 900. and as against sSts per cent the
last previous price. Engagements of
100. 600 ounces Of silver have been made
thus far for export on Saturday.
CHICAGO Markets
Chicago. June 4-July wheat opened