The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-09-24
TWO STOCKS LEAD.
SUGAR AND READING MAKE OVER
HALF THE MARKET.

persevering Efforts Made to Depress the
Price of the Former, While the Latter
is Favorably Affected by the Reorgan-
ization Proceedings Having Reached
the sale Stage-Undertone OF the Mar
ket Stronger on Various Features of the
Financial situation-ForeIgn Exchange
Rates Make Show Of Stiffening,
New York, Sept. 23.1The stock mar
ket was Slightly more active than on
dealings was very Indifferent, two
stocks figuring for over oneIhalf of the
aggregate business. These We're Sugar
and Reading. The first mentioned ap-
peared to traders to be vulnerable on
account Of the recent liquidation in it
and that contingent made persistent
and fairly affective efforts to depress
The price. Reading was favorably af-
fected by the news of the sales of the
various properties TO the re-organiza-
ton committee, although, as stated in
these dispatches, there is remote pos
pending the confirmation of the sale by
the court The market generally was
irregular at a stronger urdertone based
10 a considerable extent on the widen
ng nlorket for mercantile paper, which
s the more encouraging as the period
Of the October remittances draws near,
and there is an increasing disposition
pm the part of the trust companies and
banks to put out tim funds on less
exacting conditions The alleged pros
pect for an advance in the Bank OF
England rate of discount tomorrow to
per cent and a slight stiffening in
exchange rates late in the day were util-
Ted by the bears against the mar
ket but Sugar was not appreciaIbly at
tected- Cordage stocks were conspicu-
Dus for renewed activity and strength,
based in part on the prospective early
Issue eff the new securities. The shares
rose 1881 per cent, tn last in the guar
anteed, and the bonds rose 4 per cent.
The market closed heavy at slight gem
eral gains
The actual sales Of stocks today were
221, S37 shares, including American To-
baccO 5000; Atchison 1900; American
Sugar $500; Burlington and Quincy 95,-
boo; Chicago Gas $500; Louisville and
Nashville 100; Manhattan $500; Read
Ing s., 200; St Paul Is, 900; Western I'm
lon $500
The Reading issues were the features
Of the bond trading and scored ma
terial gains.
Governments were quiet but firmer on
dealings of $4,000.
FOREIGN STOCK MARKETS.
New York. Sept. 23.-Evening's Posts
London financial cablegram: 1.-The de-
preston in the stock markets, due to
the gold movement, continued today.
All markets except Americans being
affected, and the closing being at the low
est The marke tbs fully prepared today
for a rise in the Bank of England's rate
tomorrow to 8 per cent. although there
Is a little uncertainty as to whether a
rise viii take place. Consols were
1895 All other markets including
mines. were fiat in sympathy Ameri-
cans were comparatively steady and
closed good.
The Paris and Berlin markets were
weak. Money is dear at Berlin, the end
of the quarter requirements and the
Paris settlement at the end of the month
some apprehensions.
London, Sept. 25.-Gold is quoted at
Buenos Ayres today at 1850; Madrid,
1928; Lisbon, 31A; Rome, 1925
American cables are quoted at 76s I'D.
Paris, Sept 23.1Three per cent rentes
l01 franc 90c for the account; exchange
on London Is franc 1S1zc for checks.
Berlin, Sept. 23-Exchange on Lon
don eight days sight 20 marks Sc
pfennigs
GOLD FROM AUSTRALIA.
New York, Sept. 23.-The treasury de- |
pantrnent has received information of !
he expected arrival tomorrow at San
Francisco of $500. 900 in English gold
DIN, which will be deposited in the Unit /
ID States mint in that city in exchange /
Ior gold mint certificates and these IN /
urn viii be deposited in exchange for |
to be paid TO the importers in |
New York This gold comes from Au-
'tralia on the orders Of New York bro
IerS and bankers. and comes via San
Francisco, that being a shorter route
han by way OF Southampton This
shipment added TO the amounts already
'eported in sight, will bring the reserv
lp to about s124,500.
NO LET-UP IN SIGHT.
Representativ foreign banking houses
that of the first SIS, 200, 900 in
,old imported in the movement to thi.
about $4,000, 900 was shipped