The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-08-25


News Fails to Check the Dscllne, and
the Close is .t the Lowest Of the Day
Louisville and New Albany Receiver
ship-ROnds Foreign Stocks
and Money.
Wall Street. New York. Aug. 24.---To-
days stock market was Of holiday pro-
portions so far as the extent OF the trad
ing was concerned. and considerable ir-
, regularity of movement was displayed
The dealings bore the regulation pro-
fessicnal aspect. The opening was
slightly depressed on news Of an extern
sion Of rate-curting and uncertainty re-
garding the immediate financial outlook.
| The chief point OF interest was the meet
ing OF the clearing house loan committee
( Of the associated banks and the action
likely 10 be taken. which. it was be-
lieved, would IN a measure indicate the
/ actual financial status. Western Union
was the feature a. he outset and stimuli
/ taneous sales were made n the stock
from IAN to 1914 per cent as against 75S
per cent, Saturdays final price Sup
! porting orders soon appeared in some o;
the specialties. and this fact checked
| the saSging tendency and caused q gen
eral rally. The Gould stocks were well
supported. Manhattan rose q. per cent
20 1sh per cent: Western Union 70 80 per
cent and Tobacco and Sugar gained IL
/ per cent respectively. The other i'm
provements were fractional. AT the
high points rescizatlons occurred. which
were partly attributable 20 stiffening
in money rates, call funds advancing TO
an extreme s per cent. The announce
ment Of the clearing mouse loan COM
mittee that no applications for loan GER
! tificates had been received. failed 10
check the downward movement and
some stocks were carried below the early
/ low points. Frequent fitful rallies oc-
CURED afterward. but the closing was AZ
the lowest of the day. The report of the
appointment Of a receiver for the Louis
/ vile and New Albany had a depressing
effect. although such a contingency had
benn practically foreshadowed by the
president Of the company some time ago.
The news. however. offset a slump IN can
money in tho late dealings 20 per cent
and further decline in sterling rates
to s4.s5 for actual demand. Finding In
Louisville and New Albany shares was
less conspicuous than recently, and they
ferred sod down per cent TO per cent,
and rallied to 5%4 per cent The bonds
were neglected. aside from one transac-
ton in the consols at a concession OF
points.
/ The total sales Of stocks today were
, S7.O75 shares. including the following:
American Sugar 20. goo: Burlington and
/ Quincy 500; Louisville and Nashville
$500: Manhattan 13. 800; ST. Paul Ii. 100:
| Western Union 1900
| Railroad bonds were dull and irregu-
Z lar. with some exceedingly wide varis-
ticnS III the high-priced inactive issues.
Northwestern sinking fund skies. parti.
cularly. breaking 81 poiins. 10 1864 per
cent. The market generally was de-
pressed toward the dose. The sales were
s3l3.0 900.
Governments were fairly active and
/ slightly lower on sales Of $4,000.
! FOREIGN STOCKS AND MONEY
\ New York. Aug. 24-The Evening
Posts financial cablegram:
! Loncon-A sharp rise in Eaffirs in
the Rhodesia news was the only feat
ure in the stock markets here today.
Public buying OF Ksffifs is not large at
present, but SYMPTOMS OF renewed activ-
ity in the market continue 10 increase.
from Crete have impaired a firmer tone
generally. ConsOls rose TO 1854. Amer
leans were dull here, but closed also at
the lowest TIE bear clique here raid
ed Louisville and Nashville early in the
day but as New York absorbed all the
stock offered. a recovery followed.
Much silence IS now observed here as
probable gold shipments 10 the United
States. but Indications in good quarters
suggest that more gold Will go this
week from here or France. Money rates
here are firm for the moment. but there
are indications OF an easier tendency.
/ Paris-The boIrse was Arm on buying
OF Kaffirs.
I Beriin-TThe market was steady.
! London Aug. A.-Consois for money
: lib 4-16; for the account i131z; Canadian
/ Pacific 5S1s: Erie 1871; Erie frs; prefer
red IN; Illinois Central ~; Mexican or
binary 1871; St Paul common ssl.; New
York Central 40: Pennsylvania 5l7s
Reading 37s: Mexican Central new fosrs
sslz; bar silver 205sd per ounce Money
! u per cent. The rate Of discount IN the
open market for both snort and three
months bills is I51sQi per cent
/ London. Aug 24-Go4d II quoted at
Buenos Ayres at 1928; Madrid 1875:
Lisbon 29iz; Rome 1e7 20.
/ London. Aug. A.-Amount OF bullion
gone into the Bank Of England today
5,l00 pounds.
LOANS AND CLEARINGS.
! New York. Aug. 24-Money on cali
frmer at 3ds per cent; last loan pr
cent Prime mercantile paper nominal
/ ~ 7H12 Per cent Sterling exchange
weak with actual business tn bankers
bills at t4s5a4s5A for dsmsud and
3Sa4ssh for ~ days Posted rates
Hs5G4sslz and Ass1a4s7is. Com
mercal bills "a ssL. Bar silver ssac.
Silver certificates s.. Gs7c.
New York. Aug. 24,-ClearinEs s57,-
z4s.ols; bssaucss s.. IS .245.
Boston. Mass. Aug. A.-Clearsngs IS
s559.0ss. balances 81. lss5s
Philadelphia Pa. Aug. 24@5ea rnSs
s.. So. $50; balances g. .4s5. so
Baltimore. Nd. Aug. Zl-ClearingE
s.. 27s. 20; balances szsz SCI.
Chicago. Aug. z-C1ez-fng- I'll IS.
s33. Money stringent. call losnA cal
p~r cent: coDnsrc4al paper per cen.
New York exchange BIS discount
! Foreign exchange barely STEADY. de-
mznd "a s5I.. 90 days ,sssi
ST. Louis. No. Aug. 4.-Clezrings ~
4oe. PSI: balances 49, .s7s. Money steady
SIS per cent call. 71S Per cent ans~.
New YORK exchange IL disco1at bid
Fer summer vhs; could be prett3es
than vkie o-raRdie sWig1sd vish
t-en? For . small R.ri this 10 male
! I'll