The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-08-01
BEGINS VERY LATE
ACTIVITY II THE SHARE MARKET
OCCURS NEAR THE CLOSE.
Close 10 Strong at Slight Gains After an
Early Period of Inactivity, . General
Advnncs Under the Leadership of Sugar
and . Falling on In the Late Session on
Realizing sales Bonds Present Few
Features Of Interest-Goveruments Ad-
vance ON Investment Purchases-Keview
of the Week-Foreign Stock Markets

of the week-Foreign Stock Markets
New York, July 31.@Sugar stock fig
ured for % go shores out OF aggregate
dealings of about ao0, 900 shares. The
greater proportion of the business was
transacted in the afternoon operations.
Aside from ST. Paul, which was a poor
second to Sugar in point OF activity. the
average movement Of the general list
was Insignificant The course OF the
prices was irregular until the last hour.
when decided strength was manifested
under the leadership Of Sugar. Trader.
were disappointed at the failure Of Lon
don prices 10 respond to the rally that
had been IN progress at the closing
hour yesterday and initial figures were
shaded fractionally. Inside manipula-
tions of Sugar became quickly evident
at the low point and a rally occurred OF
is per cent, TO 10iS per cent. The
general market. which was az COM
pletely under the control OF the profess
Ssonal dealers as heretofore, rallied
sympathetically TO fractional extent,
with the grangers, leather preferred,
Western Union and hicago Gas the
most prominent The last mentioned
stock failed, however, 20 retain the i'm
provement and rapidly reacted IL per
cent There was practically no news
bearing upon the market, aside from
slight but unquotable stiffening in ac-
tual rates for long bills Of exchange.
Up to 1 O'Clock the trading was dull
and uninteresting, except that the
traders construed the ST. Paul state
ment of earnings for June unfavorably
and depressed the stock nearly a point
on the exhibit. The offerings Were
well taken. About the hour mentioned
Sugar was again taken in hand on very
large orders and a further advance was
engineered on it to 1855 per cent. a gain
of 25s per cent from the lowest point
The other shares again fell in line and
extreme recoveries took place in the
latter dealings, ranging from 1 TO 3
per cent. the last in Lackawanna. The
Coalers had been an exception to the
early downward trend, New Jersey Cen
trail rising 212 per cent in the face OF an
unfavorable report for the six months.
Iowa Central preferred, Leather pre-
ferred and the grangers and south
westerns were conspicuous in the raj
Hes. The depression in the industrtals
was reflected in a break of per cent IN
Gas made further recoveries from the
early decline. Near the close, prices
shaded off slightly on realizations and
rise in call money to per cent. The
list generally eft OF strong with sight
gains.
The sales OF Stoke today were eo5797
shares, including: American Tobacco.
500: Sugar 93.1OJ; burlington and Quin-
cy. II 400; Chicago Gas. 5.1c0; Louisville
and Nashville, $500; Manhattan. $500;
Reading $500: Rock Island, 500: st.
Paul. 26, 200; Western Union, $500; silver
certificates. %, coo.
The railway and miscellaneous bond
market presented but few features OF
In terest, although decided strength was
noted in some OF the bonds OF receiver
chip properties. The fluctuations in the
prominent speculative mortgages. al
though somewhat erratic. were mainly
toward higher plane and offset in part
the sagging tendency in the higher
priced active issues. The sales were
s739, 900. Among the important changes
were: ADMINISTRATIONS, and Colo
RADIO and Pacific firsts, per cent; Kan
sas Pacific consols per cent. The
more important declines were IN st.
Paul H. II. & D. sevens, per cent:
Northern Pacific. and Montant firsts.
trust receipts, per cent; Illinois Cen
trail. and Western Lines f1rsts. per
cent Wisconsin Central firsts, trust
receipts, per cent.
Governments advanced sharply on
investment purchases OF s34. 600. Silver
certificates reacted early to 6S&c. but
rallied to 6a1sc near the close on deal
ings OF 220o0-
FOREIGN STOCK MARKETS.
New York. July 31-The Evening
Popts London financial cablegram
says: There was a further recovery
OF tone in the stock markets today, in
Guiding Americans. People are now
asking themselves what all the recent
scare has been about and nobody seems
70 have a satisfactory answer. In re-
gard TO Americans there has been cause
for apprehension but the position in re-
gard to other markets has been greatly
exeggreate.
Paris IS much more cheerful and II "a
understood that the account, which has
been troubling operators, is now arrang-
ed.
Berlin also displayed more steadiness.
London. Eng. July 31.-Closing: Con-
sols for money. 1871: closing consols
for the account. 113 s-16; Canadian Pa
cific, IS; Erie firsts, preferred, %; HI
nois Central. 90; Mexican ordinary, 1s2.
St Paul. common. 6gTs New York Cen
trail. s31&: Pennsylvania, 61iz; Reading,
SIS: Mexican Central, new fours. GIL.
bar silver, 31ssd per ounce Money. I.
per cent Trade on discount in the open
market for short bills, l 1-Is; for three
months bills. 1-ls9z-
London. Eng. uly 31J.@ p. m--Gold
is quoted as Buenos Ayren today at
1880: st Madrid. IS; at Lisbon. 2sis;
at Rome. 197.271<. Amounts OF bullion
gone into the Bank OF England on bal
ance today. 1900 pounds.
LOANS AND CL.EARINGS
New York. July 31.-Money on call
steady at 1Iz63 per cent; last loan %:
closed "a 21z per cent Prime mercantile
paper. e17 per cent Sterling exchange
firm with actual business IN bankers
bills at 4ss for demand and s4ss for
sixty days. Posted rates s4ssG4sSsz
Silver 6S5sc. Silver certificates ISIS o
esisc-
New York. July Si--CIea-ingS s73.s0ss-
0s7: balances 81 ss61ss
Boston. Mass. July S1--Cfearings s15,-
40 oss: balances s2.f7s.5 So.
Phiiedalphia. Pa. July S1.-Clea-nys
s.. -. ece: balances s94s.St1
Baltimore. Nd. July 31-Cearings
s. eI3, 5iI; balances s5s4. Sc
St LOUIS. No, July sL-Clsarinzs
s. - $50; balances sass lis Money s7s
per cent New York exchange &C dis !
count, bid. par asked
Memphis, Tenn, July S1---Ciea-sngS
s1ea S.
New Orleans La. July s1-Cleariae
sse.. eSs.
WEEKLY STOCK REVIEW
New York. July SI-BraGstres-'= -