The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-09-15
CLOSING Is WEAK
CHANGES IN SHARE VALUES OF
LITTLE IMPORTANCE


LITTLE IMPORTANCE
Interest Menspolixed BY . Few shares.
with St Paul Leading In yoluns-xs-
duction in Quotations for sixty-D.y
Bills-Call Money Advances to seven
Per Cent - Silver Certificates Mako =
Marked Decline-B..ks Predict Higher
Rates Yet for Tine MonsS,rh' Gold
Import situation.
New York, Sept 1.-THE Aafngs
in stock today were upon a holiday ba-
sis, and the course Of prices was irreg-
uIar and il most instances within a mar
row range Interest conferred in a few
stocks with St Paul outrankink Sugar
dealers were entirely responsible for che
Illustrations Later realizing was Off
set in the early trading by a reduction
of y per cent in the listed quotations
for sixty day bills TO s4-s2. by leading
drawer. The decline was the result OF
London. The actual demand quotations
were slightly firmer. as result OF pur-
chases 10 further gold imports. Other
Influences inclued the failure of large
Philadelphia concern, further cutting
OF transportation rates. and, near uhe
close, or advance in call money 10
per cent Attention was also directed 20
silver certificates by decline of "a per
-, - -~,s
recovery TO 651e per cent On dealings of
$4,000. The early decline was attTib-
uted to a decreased demand by Asia
on account of depressed trade. The arly
gains had been most important in SUI
gar. Burlington and Manhattan. A
reacuioGrary movement soon developed
induced by bear rade based upon the
reported extension of the rate cutting
in the west The loses averaged a point
in the leading shares. AT the low level
business became very dull and stead
Ter tone was noted Later, prices stiff
fened all around. with some shares rail-
lying TO near the early high level. The
extreme gains, however, were not re-
tanned, and renewed pressure resulted
In a weak close, with the net changes
trivial. There was very little doing
in the spocialtieS, and no important
changes in them were noted aside from
Iron, which was conspicuous
by a decline of 8 per cent TO 46 per cent,
with a subsequent recovery to 1917 per
cent In banking circles II IS predicted
that for the balance Of the year money
rates viii not fall apprec1ably below the
legal rates, while time money IS expect
ed ITO command higher rates than have
yaswokdo cl o.e crizetef1o mt rdllu
yet been made This IS based upon the
expected continued heavy movement of
money TO the interior and low deposits
Of the banks This contention is made
with full consideration of the heavy
gold import movement
The total sales of stocks today were
1893 shares, In Guiding the following:
American Tobacco. 400; American SUI
gar, 20. 100: Chicago Gas. 300; General
Electric, $500; Louisville and Nash
Vile, 400; MAMMA ttan. 8. 100; Reading,
J, 800; Rock Island, 5000; St Paul. 2S,-
700.
Bonds were quiet. but generally firm.
With some inactive issues scoring excep
tional gains, notably Brooklyn F1ie-
vated first, which jumped 2% per cent.
10 IS per cent, closing at 1875 per cent
The sales were Hs62s,OO0.
New York. Sept. 14.-Evening Posts
financial ca blegram:
After decided squirt today the stock
market closed a trifie easier again. Con-
;ols closed at 10, after having touched
10ss. With uncertainty as 10 the bank
ate next Thursday and the possible ex-
bort of gold, together with the critical |
situation and feverish markets, IL was |
My natural that the settlement reveal |
d a small account; but rates were high |
II, because OF the increased value OF |
money. Contangoes on Americans were |
Y per cent. Business little doing in |
Americans here and the slight decline |
n prices was merely a reflection OF the |
lrop in New York. The close was |
teady.
The Paris boqrrse opened dull but |
losed steadier
The Berlin market was lifeless
'~There is much speculation here as 10 |
he future course of the gold movement |
| large withdrawal Of gold from the
,ank had been anticipated in some
uarters today for Tuesdays boat. but
8 this did not occur, the circumstances
as caused expression OF a belief that
xyorts are over for the time. This
lew is not held IN the best quarters,
owever. and ] learned that a conssd-
raible amount IS expected TO go 70 New
-ork from France this week and IL is
tated that the Bank OF France is prac-
icaily facilitating the movement"
LOANS AND CLEARINGS.
New York, Sept. 4.-Mouey on caIl
nm at sac per cent; last loan per
ent, closed s per cent. Prime mercan-
lie paper nonlinally 7Ge per cent Ster-
ng exchange steady with actual buSs-
ess in bankers bills at s4s4a4s4Ix for
and s4s1a.G4s2 for 60 days.
'ososd rates s4s2G4s3I5 TO s4sHkG
S5h. Commercial bills s4so1t. Bar
liver sfz cents. Silver certificates s.
,65iz Per cent
Philadelphia, Pa. Sept 14.-Ciearfngs
!. oS7. SIS; balances s1,1H,479.
Baltimore, Nd, Sept. i4.-Ciearings
J. 5ae. 0ss; balances 81 $500
Chicago. Sept 14.-C3-a1nzs s13,3o7,-
9. Money steady; on call sal per cent:
n time per cent New York exchange
90 discount: foreign exchange barely
,eady; demand s4-s4: eirty days SASH.
81. Louis, Mo. Sept. i4-Clearings
or. 323: balances 1904. 81 Money
teady; call loans s9s per ont: zine
ans 7Ts per cent New York ex-
nange 81 - discount bid; s1.o0 discount
sked-
NEW YORK MARKETS