The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-06-13
FOREIGNERS ARE In
PURCHASING FOR THAT ACCOUNT
PLAYS no SMALL PART.

st. Paul and Louisville and Nashville,
Accredited to That Element Eject
of Saturdays Gold Shipments Dis
counted and the Eject Only Temper
arily Depressing-Market Closes Firm
at General Fractional Gzins-Review of
the week-Foreign Markets.
New York, June 12-Operations by
foreign houses played an important
part in today's speculation. The pur-
chases for this account were estimated
as nigh as q, 900 shares and were mainly
| for St Paul and Louisville and Nash
vile. The favorable condition of az
| fairs was attributed 10 crop reports hav-
ing especially encouraging bearings up
on the two stocks above mentioned. The
engagement of s., 200, 900 in gold for ex-
port TO Europe tomorrow had been dis
continued, apparently, as the news ex-
erted only temporary depressing infiu-
ence. Liberal commission buying was
noted, for out-oE-town clients in many
instances. and the prominence of the low
priced shares in the trading attracted
general attention, and purchases Of the
usually neglected shares were made at
improving figures. The recent listing
OF large block Of Chicago, Great West
ern common and preferred shares was
reflected in a fair amount Of activity
today in the common stock, the price
advancing to 81 per cent. The initial
prices were generally higher, with some
noteworthy fractional gains in some of
the railway shares. The gaid engage
mGnrS a fsar L,1
improving tendency, but the advance
was soon resumed under fresh buying.
The industrial list developed some ir-
regularity as the day progressed. with
sugar moving within a range of point
deductions IN foreign and domestic
grades or the product contributed to-
ward a sasging movement in the stock
out realizing sales were also in evidence
Ihe coalers figured prominently, with
Dackawanna advancing an exceptional
l12 per cent. Manhattan was traded
in ex-dividend of ~ per cent and reced-
ed TO 1OOA per cent, against 1888 per
cent, yesterdays closing. The stock
was depressed by liquidation of specu-
iative holdings purchased on the early
assumptions of favorable action by the
rapid transit commissioners regarding
the company's extension plans. The
market shaded off slightly in the final
hour on profit-taking, but closed firm
at fractional gains generally.
Business in bonds fell off today. but
there was no abatement of the strength
discernable at the close yesterday. Kan
sas and Texas seconds rose IL per cent:
and Atchison adjustment fours l per
cent; Brooklyn elevated first declined
pa per cent and Louisville, Evansville
and st. Louis firsts trust receipts per
cent. The sales were 1929, 900.
Governments were slightly higher,
but trading was very light, the dealings
amounting TO only 5000.
In silver certificates only s., 900 chang
ed hands, at 6S7s per cent.
FOREIGN STOCK MARKETS.
New York, June 12.-Evening Posts
London financial cablegram:
The settlement having been salts
factorily concluded, there was a general
recovery in prices in the stock mar
kets today. A feature in Americans |
today has been the dealing in options, |
good at the end of July, option dealings !
In Americans having been a rare event |
in recent months. ArgentineS were |
a strong feature here today. Just now |
there is an enormous demand for, and a |
rise in, brewery company stocks. To- |
night Barclay, Perkins & Co.'S prospec- |
tus will appear, with capital of about |
4.500, 900 pounds. which will probably be !
rushed. Copper and copper mines are |
very strong There is a big speculation |
in Paris in Rio Tinto mines. The con- |
tinentai demand for gold here shows |
signs of reviving.
The Berlin market was weak and the |
Paris bourse was good but uncertain to-
day.
REVIEW OF THE WEEK.
New York, June 12.-Bradstreets to-
morrow will say:
Up to Wednesday speculation was al
most at a standstill. and prices sagged |
YEARLY in the absence of buying sup
port, rather than on liquidation OF bear
selling. The downward movement bore
the appearance of a bear raid. for which |
the preceding weakening of small &C
counts has prepared the market. The
crop statement. showing Unexpectedly
favorable conditions in regard TO the
wheat yields, benefited the grangers.
and short covering throughout the list
resulted In a general strengthening OF
prices. Gold shipments were kept down
during the early part of the week to
500, 600 by the Offering of some amounts
OF bills drawn in connection with sale
in the Anaconda mine to a foreign syn
dictate. On Friday. however. 1t was an
that $1,000. 600 more would be
shipped today. Apart from the break
on Wednesday. which was particularly
marked in Distiilers. Sugar and Nilsson
ri Pacific, there were few features of in
terest in the weeks trading. on Fri
day the whole market lowered slightly
on the foreign purchases above referred
IN nd firm 1