The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-08-26
STERLING IS DOWN
LOWEST FIGURES DURING THE
PRESENT MOVEMENT.


This Constitutes the Noteworthy Feature
of the Financial Stsaasion for the Day
and Revives Expecs.tioas Of Further
Imports Of Gold. Checks On Early Sell
Ing Movement and Leads to slight Pur-
chasss and Something of an Advance
Over Mondays Ciose-London Dispatch.
Predicting Considerable Gold Outflow
New York. Aug. 5.---The speculation
In stocks today was about as dull as on
Monday and was undressing and
practically meaningless in general out
lines, the only noteworthy development
being decline to the lowest points
reached in the Present movement in the
sterling exchange market The actual
figures ruled at $4-sS1s a4-S3x and s4.Siis
a4S44 for long and short bills and post
ed figures were also reduced 10 $4-S41za
4.Ss by a prominent drawer. The weak
ness revived expectations ofurther sub
stantiol imports Of gold from Europe
and sales OF about 81. 500. 900 OF American
gold for shipment 10 this country to-
morrow Further shipments are ex-
pected to be made on Saturday. This
news checked the selling movement
which was in progress al the outset and
led to slight purchases for both accounts
Manhattan recorded III per cent ad-
vance, Sugar IA per cent ard various
other properties harp fractions and the
list was carried shade above yester-
days closing. Europe was a modera-
ate seller. The depressed condition Of
the iron and steel trade, reflected in the
embarrassment of a large concern. was
considered responsible for breaks OF
per cent in Minnesota Iron. TO AZ Per
cent, and 2 per cent in Illinois steel.
TO 20 per cent. During the forenoon
comment was excited by the exceptional
dullness of the railway bond market
Up TO midday not a single transaction
had been recorded in either Atchison.
Kansas and Texas, Texas and Pacific
or Southern railway issues. which usu-
ally figure even in the dullest market
The traders in the dizziness selected the
Z traffic returns as subjects Of discussion.
Reports of some Of the principal lines
for the third week wered iscouraging.
portrayfng the rate of disturbances.
ever. over improvement exhibited by
some of our minor properties. The fall
ure Of the leather directors TO declare a
dividend at toIay's meeting, precipi-
tated selling, depressing the price Of
the preferred 1 per cent, TO 43A per
cent The early afternoon operations
were characterized by extreme dizziness,
but prices were well sustained, despite
repeated drives by the bears against
some OF the epecialtieS. Business in
the final hour increased somewhat, and
at the Expense OF values. The Gould
shares appeared the objective points OF
attack and marked concessions occurred
in Manhattan, Western Union and Mis-
souri, Pacific. Sugar was also a sufferer
in the reaction, which was chiefly due
to realization. The closing was heavy a
general fractional losses, as a result OF
today's operations
The total sales of stock today were
22S, sos shafes, including the following.
American Sugar. IL 5000; Burlington and
Quincy $4,000: Louisville and Nashville
$4,000; Manhattan $4,000; Missouri Paci-
fic $4,000, Reading 500: st. Paul IA, 800:
Western Union 1880; Wheeling and
Lake Erie 800. Silver certificates 5000
Railway bonds were very dull with
lative issues. Prices moved Irregular
ly wit ha downward trend. The sales
were $413, 900.
Silver certificates were weak and re-
acted z per cent. to s6A per cent, on
sales Of 5000.
FOREIGN STOCKSAND MONEY.
New York, Aug. 25.-Evening Posts
financial cablegram says: London
The stock markets were steady but idle
today in view OF the settlement, which
will commence tomorrow. The set
tlement in mines revealed an increase
ed bull account. but the tone IN Kaffirs
was strong, in spite OF French selling.
Americans were dull and under the
parity most OF the dayy but the ac-
tive support IN New York caused the
bears TO cover. This evenings close
was the strongest OF the day
Paris-The bourse opened firm and
closed easier
Berln-The market was firm.
New York, Aug. "a dispatch to the
Evening Post from London says: Two
hundred and seventy-five thousand
poundsin gold was taken from the Bank
or England today for America II IL
said that 10000 was shipped by a big
financialhouse here The Seligrnans
are also reported to be shipping. More
Will probably go this week
London, Aug. 25.-Consols for money
lib 5-ls per cent; for the account I13Z
per cent; Canadian Pacific 5sZ per
cent; Illinois Central ssx per cent; Mex
lean ordinary ISL per cent: st. Paul
common e5A per cent; New York Central
s44 per cent Pennsylvania 5lz per
cerr; Reading ga per cent: Mexican
Central new As. So per cent Bar silver
5O7sdper ounce. Money 4 per cent The
rate OF discount IN the open market for
short and three months bills15-Is per
cent.
London, Aug. 5.-Gold Is quoted as
Buesnos Ayres today at 1880; Madrid
ls3o; Lisbon, 29iz :Hayre. 1920. The
amount OF bullion withdrawn from the
Bank Of England on balance today was
$4,000 pounds.
LOANS AND CLEARINGS.
New York, Aug 25.-Money on call
firm at 5Q6 per cent; last lran :; closed
per cent Prime mercantile paper.
norninaiiy 7gs per cent Sterling ex-
change easy at actual business IN bank
ASSs. "a for sixty days Posted rates
1854 s4ss and Ass94s7- CONNER
cial bills 81 Sk. Bar silver ssrc; ell
YER certificates esq Gs7 per cent
New York, Aug. 3.-Cleaangs So, e75. =
05s; balances 3, 333 81
oron, Mass. Aug 25.-C1earings 49,
14I.4i5: balances S1-oss. go.
hi1a6slphia, Pa, Aug. z5.-CJesrsngs
$751; IL; balances si.4s3, 81.
Baltimore, Nd, Aug. 25.-Clear5ngs
G.1s2.s3; balances sis2,ss2
ST. Louis. 30. Aug. Z5.-Ciearn=s
Ss.lss.si0. balances 3sss. 20. Mooey on
cal sos per cent: time 71s per cent:
View York exchange 81 discount bid; -
cents asked