The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-07-08
MOST ARE ADVANCES
CHANGES IN THE STOCK MARKET
SLIGHT EITHER WAY.
Business is Restricted in Confederation Of
Demand Stacks Up-Markes Fairly
Firm, However, the Claim Being Made
tional Convention has Been Discounted
and Stress Is Laid On the ImprohAbility
of Gold Exports Soon-Bonds

New York, July 7.-Politicai consider
atoms engrossed the attention OF the
financial community TO the neglect OF
exchange business, which was restrict
ed. aud a siackening OF foreign demand
for our securities was also rejected.
In spite OF this fact. however. the tone
of the market was fairly firm through
out The explanation given by the
traders, who were entirely responsible
for the fluctuations, was that the mar
ket had discounted any possible devel-
opments at the national convention at
Chicago. and stress was laid upon the
improbability Of any further exports OF
gold in the near future. Some weight
is also being attached to the uniformly
favorable crop reports and TO the fairly
satisfactory character of the traffic re-
turns OF the railroads, that are now
coming 10 hand. The exchange mar
ket at one time today displayed a
heavy tone but steadied somewhat Ia
ter. owing 70 falling of in the supply
of bills. The market opened duh and
lower, despite higher London Quota
tions, the depression being attributed
to the non-appearance of buying or
ders for that account and by realization
The declines were fractional. Louis
Vile and Nashville being conspicuous
by a loss of II per cent Sugar stock
displayed its usual Inconsistency as TO
trade conditions. by an advance OF an
equal amount, despite lower European
sugar cables. The general reaction
airy movement soon halted. and aitho'
speculation became apathetic IN the ex-
IRENE, a tendency toward higher 4evei
developed. with New Jersey central
Burlington and Northwest figuring for
q per cent in the upward turn. Inc
general list worked 10 a point, showing
slight advances over yesterday CLOS
ing figures. A firm tone was maintain
ed, with the exception that toward mo
day Chicago Gas and Manhattan ylelo-
ed TO sharp reactions from the hish
n0int. Up to O'Clock the speculation
DISPLAYED but slight activity, aside from
a sharp rally In Sugar under buying lot
botb accounts. which carried the stock
To 1l0K per cent against an early low
fe,,re of 1Os% per cent. The general
net ar +he time mentioned averaged a
shade below the best Figures. me
marketa continued dull UP 80 the CLOS
ine which was firm, with fractional
changes in either direction, but mainly
advances. -.
The total sales of stock today were
"a oIs shares, including the foiiowing'
American Tobacco 100; American su-
oar 2s. 300: Burlington and Quincy e.fvo'
Chicago Gas I, 200; Louisville and Nash
Vile 400; Rock Island 1000 SILVER
certificates 1000.
Railway bonds were quiet ana uhin-
teresting, with the tone generally eteA-
dy on dealings OF s66o.ocO.
Government bonds ruled lower until
last call, when stiffening occurred In
new fours, causing an irregular Closing
The sales were $4,000.
Silver certificates were dull and
shade easier on transactions OF S22.OeO.
FOREIGN STOCK MARKETS
New York, July THE Evening Post
London financial cablegram says: The
stock markeat remained very quiet to-
day. but were fairly steady. The new
Chilian loan has met with cool re-
,,eption, and a premium of 2 per cent.
which was quoted yesterday, has given
place TO one OF Y to 1 per cent. The
loan has not been underwritten. the
Rothschilds merely acting as agents.
The anticipated issue OF debentures of
the Chartered company Is nominal, at
8 per cent premium on e7I1 per cent.
which is said TO be the issue price and
not s511 as stated yesterday. The con-
tinental markets were quiet and fea-
tureless.
LOANS AND CLEARINGS.
New York. July Money on call easy
at 1zd2 per cent Last loan 2 per cent
closed IL per cent; prime mercan tile
paper "A 611 per cent. Sterling ex-
steady with actual business in
bankers bills at s4.s7% 94.ss for demand
and s4s6aG4s7 for sixty days posted
rates, 1887 1-294.ss and s4ss 1-2G4ss.
bills s4s664s6A. Silver
certificates 69Q6eh per cent.
New York, July 7.-Clearings s106,-
II $40: balances $7,625. 223.
Chicago, July 7.-Clearings $14, 7s5.471
Money steady; on cali per cent; on
time s per cent. New York exchange
IS cents discount Foreign exchange
steady; demand s44s.ss; sixty days $4s7
AMOUNT OF THE GOLD RESERVE.
Washington. July The treasury to-
Day lost sS7. 2S5 in gold coin which leaves
the true amount OF the reserve 500. 67s,-
Boz,
CONTESTS PRETTY WE'LL sFTTYRn