The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-08-07
TENDING TO LOWER
VARIOUS INFLUENCES ON SHARES
WORK MAINLY ONE Wy.

Extensive Lieaidz.lsn ID One Of the Days
featurss-Loedon Lower for the Two
Leading In,ernzrsonsis. n ncs Foaie~s
an Erupsioa of Bear selling and the
Throwing Over Of Long Ssocks-Ad-
vance In Call Money Rates an Inpsrs-
ant f.esor-Gransers Among the Chief
Sureres-Boads Lower.
New York, Aug. "a variety OF de-
pressing influences contributed towards
fairly extensive liquidation OF long
stocks in today's market Substantial
ly lower London prices FOR the two lead
ing active International shares and
sales og other investment stocks and
bonds Tor foreign account paved the
way for an outbreak or bear selling ana
the throwing over OF long stocks As
an illustration. II was reported that q
particular line OF 10. 0o0 shares os various
securities. purchased recently. had been
forced out today and yesterday. The
market opened feye-ish and fairly ac-
tive at declines ranging from teGA per
cent Sugar was affected 10 the sx-
tent OF nearly a point. despite continued
improvements in the trade outlook. ey.-
ceaced by further advances n foreign
and domestic refined grades OF the pro-
ducts The chief sufferers early were
the granSers and 4nternationals- Dur
ing the forenoon. the dealings wire
characterized by further Rqu!dations
and degree OF audscity or the part Of
the bears. two OF the leaders Of this con-
unsent exerting unremstt.ng pressure
against the list The demonstrations
were allowed 10 be based upon an adj
vance IN call money rates 10 al per
cent. which took place about midday.
and reports OF other general demands
Tor money in mercantile circles in this
city The manipulation was greatly
assisted by a continued disturbance OF
loans. and especially in cases where fair
amounts OF industria, securities were
mixed in the collateral. There an
peared 10 be an almost complete lack
OF support and this circumstance Offset
the partial tnnuence OF fairly large COW
erins orders Prices n many iastan-
ces worked. as the day progressed, BE-
low the lowest points recently record
ed and the feverish tone n stocks wa,
also reflected in material declines IN
thu railway and miscellaneous bond
market The break in Lacla wanna
carried the stock TO rs and IL closed az
I43 bid. The speci2lti@s also suffered
acutely. Illinois Steel dropped 10 -
per cent, as against 90 per cent the
previous day. and Minnesota Iron Yield
FL ) per cent Government bonds SUI
fered from the prevailing liquida ton
snd closed weak at about the lowest.
Around delivery hour. the nlarke, stead
red and a partial rally occurred. fol-
lowed by another reaction. The clos
ing was weak st a5ous the lowest
fgures.
The total sales OF stock today wee
PAS. 2s4. including the following: Ameri-
ran Tobacco. 5, 100; AtchisoE. 400: Sa-
gar, $500; Burlington and Quincy. as.-
100; Chicago as. 1900: D.stiiling. $500;
Louisville and Nashville. 1000; Man
haitian, SEQ; Missouri Pacific. 3.i08: /
Northwestern SEQ: Rock Island. H.
100: St Paul. ss.lG0; Western Unio. H. |
500; Wheeling and Lake Erie. $500; !
silver certificates. 20.e90-
The bond market was weak and ma.
tertal declines occurred on liquidation /
FOR both foreign and domestic accoant. /
Government bonds worked lower. en-
-
The sales were $105. Oe0
Silver certificates declined = on o.
'erings OF $4,000.
FOREIGN STOCK MARKETS.
New York. Aug s-Evenlne Posts 1
London financial csblegram:
Stagnation characterized the stock
here today. The closing was
lat on Americans. The market opened /
nj ell -, Z
glasgow and from the Kaffir CLIQUE
lere anaisO by bear operators. This
'obined selling in the absence Of all SID
port had a demoralszfng effect and
,rices closed lower. Most OF the ether
markets we're weak but foreign stocks
we're better or Paris support
The demand for gold steadily In
'reases
The coin and bullion In the Rank OF
England decreased 81. 600 pounds this
seek, although 138 eco pounds in gold
vas imported FOR the week The de-
rease was entirely due 70 holiday -
uirements for cash IN the provinces.
ne public deposits decreased nearly
900. GO pounds. The government hay-
az dlsbursed this for supplies.
The Paris burose opened distinctly
ettsr on the conclusion or The settle
1ent and the closing was qgleter
The Berlin market was steady.
London. Aug s.-The Bank % Eng
and's rates OF discount remains IN
hanged. at per cent
LOANS AND CLEARINGS.
New York. Aug. Noon; Money on call
teady at 2f2i4 Per cent: Las. loan -.
lossd "a. prime mercantile paper. saT
81 cent; sterling exchange. frEaer with
ctual business IN bankers bills az $40
'4ssiz for demand. ard 81 - for sixty
avs. bar silver So. Nexscao dollars, ,
-: state boads dun: railroad bonds
IN: government bonds sfsar.y, rev - .
syist>red. 1f3; coupon Sx-fntsrcsf. ia: ,
; registered. 10: coupon ex-lnte-esf.
%: ~ registered. 1885,: coupon. T975z.
; registered sxInterest, 81. Pacific s. \,
, 81. Iso1s.
Philadelphia Pa. Aug. s-Clsz-iaxsf
.SZ17i5: balances q -. $50
baltimore. Nd. Aug. s-sCIezri-xs 70 !
az were sz.1os. 30: balances szJs sss.
Chicago. Aug. s-Morey frra ~ SCI <
sr cent FOR call loans and commercial
ap@r. eNv York exchange 81 discount
fore clsarilGS Sterling exchange. ,
,stsd rates - 20 on demand: s4sz5. on
days. Clezrings sl2.ssz. co
- LoEEs. No.. Aug g-rJea-snxs !
So. So: balances sssz7ss- Money On
III sas 2e- cent New T0-k sreSsnE~ !.
cents discount BID. - cs1ts disco at :
'ked
MeDpais. Tenn. Au<. s-Hcissay. - !.
NIX clsz-oEz
New O-leao<. La, Az<- s-CI%artr<~
.5ls.l5z
WICHITA MARKETS.