The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-06-25

New York. June 24--specuiative in
terest today centered ia Sugar. that
stock figuring for over 14s.e00 shares
out OF q general total OF as7. eco. The
movement IN IL was decidedly erratic.
rejecting alternate liquidation and raid
ing and covering shorts, Strength was
displayed al the outset on covering but
as soon as this demand was satisfied,
weakness developed which eccentuated
by the activity OF the traders and IN
large offerings the price dropped 81. per
cent, % 11Sis per cent. At the extreme
low point supporting orders were dis
tributed and on buying for both &C
counts and Improvement occurred 20
115& per cant The stock was fevertSh
thereafter, reacting TO uSS per cent,
railyfng 10 lis per cent and closing 4
per cent lower than yesterday. Brokers
usually acting for the more prominent
insiders were busy IN the stock all day
buying and selling. The general mar
ket opened slightly higher under the
influence OF advancing London prices.
The improving tendency was brought
70 a speedy halt on account OF the break
in Sugar and declines were recorded
extending IN Burlington % a. point The
railway shares in the main. however.
received but slight attention during the
early afternoon. although they were
sympatheticaily depressed with Sugar.
In the final hour covering along the
line was noted upon an extensive scale
under which the list rallied sharply
from the loN point In this movement
the grsngsrs, Chicago Gas, General Eiec
~
ured for a point or theres bouts. The
coalers also made notable gains, Read
ing exception aHy rising 1Hz points. The
strength of this group was due % the
formal advance In anthracite coal and
prices TO a point showing an apprecia-
ton over last years actual figures, ex-
tending 20 $50 per ton in certain shares
The market closed strong IN tone at
general fractional gains on the day.
The trading in railway and miscelia-
neous bonds today lacked feature. but
prices were well sustained. Kansas
and Texas seconds. ST. Paul. Chicago
and Milwaukee fives and Reading first
incomes gained per cent. Union EIe-
waited firsts, exceptionally. declined Ia
Per cent.
Governments ruled weak and lower
or sales Of SIS. 600.
Silver certificates were unusually
prominent The transactions amount
ed to s521, 900 at ss1aa7s per cent The
final sales were az seZ per cent
FOREIGN STOCK MARKETS.
New York, June 24.-Eyening Posts
financial cablegram:
The settlement today revealed a small
account, but contangoes were higher,
as usual at the end Of the half. on &C
count OF money being temporarily wan
ted. Thus, contaugoes on Americans
were 21zG3 per cent The stock market
opened duh. but as soon as the arrange
ment of the account was seen the tone
changed sharply and prices rebounded
upwards, consols leading. Argentine
securities were in strong demand. and
Americans, after a period OF dullness,
were very firm in the street, the prices
at the closing being u TO q per cent OF
q dollar better for leading stocks Cop
per stocks were better. also mines.
The Paris and Berlin markets were
better and closed firm
LOANS AND CIEARNGS.
New York, June 24-Money on call
closed firmer at 1A92 per cent; last
loan ~ per cent: closed 1i392 per cent
Prime mercantile paper 4IAf5 per cent;
sterling exchange easier with actual
business IN bankers bills at ASsAG
i for demand: $+s7k for sixty days.
Posted rates s4SsGI1: 64ssi5.
Commercial bills S4S6&. Bar silver
So. cents. Silver certificates sszs a%
per cent.
New York. June 24-C7earings $50. o35-
is3: balances S4.57s, So.
Boston, June 24.-C7-arings Sc, 49,
H &. balances 81 SIS T33
St Louis. June 24.-C7earings 3. 1853
696: balances s510.s55. Money sas per
cent. New York exchange . cents
premium bid; 80 cents premium asked.