The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-11-03
WIDENS OUT WELL
STOCK MARKET ALSO EXHIBITS
PRONOUNCED STRENGTH.

Conditions Regarded xs Abnormal and Civ
| Ing Rise to a sDisregardins of the Cal
Money Rates and Higher Sterling Ex
| change Stocks Buoyant - Regular
Bulge in Bay State Gas-Grangers anc
| Coaiers Imp.ove-Bonds FavorabIy AT
| fected, Governments Exceptionally.
New York, Nov. 1.-The stock marke'
| today exhibited pronounced strength
| and an unusually broad distribution or
a modest volume CT business. The ab-
normal conditions confronting the spec
ulative and investment community were
responsible for indifference displayed &c
/ exceptional stringency in money rates
| The same consideration compelled the
! cleaning UP Of short contracts that in
| some stocks. had been long outstanding
| In the face of rates for call funds rang
ing up to IA per cent, with interest, a
| day, and 1-2 per cent and interest, on
loans over election day, together With
higher actual and posted quotations for
foreign exchange, stocks were buoyant
and scored extreme advances of lob per
cent in the regular shares and 1-2 per
cent in BABY State Gas. The strength
of the last mentioned was due to the deal
harmonizing all the recent conflicting in
terests in the property and vacating the
receivership. The stock left off 1 IL
per cent below the highest, on realizing.
A feature Of the day was the execution
of numerous sales Of stocks for cash.
The grangers and anthracite coalers
scored the greatest improvements in the
railways, rising 2G3 per cent and the
maximum gain noted was, in the indus
trials, recorded in Sugar. which also led
the market in point of activity. Other
conspicuously strong stocks were Chi
cago Gas and American Tobacco.
The strength of the share speculation
extended to the railway bond market,
which was unusually active and broad
at material advances.
In government bonds an extreme adj
vance Of per cent was recorded in the
new tours registered, which is an excep-
tionally wide fiuctuation in that issue.
The buying was attributed TO investment
account.
To return to the stock market, consid-
cradle interest was attached to heavy
dealings in the low-priced shares, includ-
ing Union Pacific, Tennessee Coal, Paci-
fic Mail and LaCiede Gas. In the mac
tive specialties Illinois Steel rose 4 II
per cent, to so ga per cent.
Silver certificates were dealt in at con-
cessions from previous sales, closing at
65 per cent, as against Go IL per cent,
the final sale on Saturday.
The bond market developed decided
strength as the day progressed and clos
ed buoyant with heavy demand for the
speculative issues, which recorded net
Of 1Q2 per cent. The sales
were s1,472,000.
Governments displayed buoyancy, ris-
ing 1Q2 per cent, the extreme gain in new
tours registered, The sales were $4,000.
Silver certificates were active and de-
clined 1-2 per cent, to 60 per cent, on
sales of $4,000.
The total sales of stocks today were
232, $50 shares, including the following:
American Tobacco, 400; Sugar, 1900;
and Quincy, 10000; Chicago
Gas, $500: Chesapeake and Ohio, $500;
General Electric, $500; Louisville and
1890; Manhattan Consolidated
{, 300; Missouri Pacific, 1900; Reading,
q, coo; ST. Paul $500; Tennessee Coal and
Iron, 400; Union Pacific, 10.400; Wabash
8, 500; Western Union, 1900; Wheeling
and Lake Erie, 1850; Southern Railroad
900; Southern Railroad preferred, 400;
silver certificates, $4,000.
HOLIDAY IN LONDON.
London, Nov This being a bank holi
day the stock exchange is closed.
LOANS AND EXCHANGE.
New York, Nov. money on call.
strong, al 10 per cent; now offered 25@5o
per cent; prime mercantile paper, nomin- |
ally, 7I10; sterling exchange, irregular, |
with actual business in bankers bills at
a. S5G4 SIS for demand and $4S294S3 for |
sixty days. Silver certificates, sales, SAL |
700 at 65 ID; bar silver, Go; Mexican dol |
ars, so is cents; government bonds, |
strong; new tours. registered, III IA; |
coupon, ex-interest. III IA; fives. regis
.ered, 10; coupon, ex-interest, ITO.
BANK CLEARINGS.
Philadelphia, Pa, Nov. 2.-Clearings. |
Is. 313, 500; balances, s1,59o,764.
Baltimore, Nd, Nov. 2.-Clearings, 81
rs, $40; balances, s446.5S3.
ST. Louis Mo-, Nov. 2.-Clearings, 3d.
rs, 7S3; balances. $2sS,027. Money 6GS
Der cent. New York exchange s125 dis
count bid; Sl.00 discount asked.
GOLD RESERVE.
Washington, D. c., Nov. 2-The treas
Try today lost 1851, 600 in gold coin and
i6,I00 in bars, which leaves the true
mount Of the gold reserve SIS. i12. 567.
vICTORIAS GOLD YIELD.
Melbourne Nov 1.-The gold Weld of
he colony OF Victoria for the first three
quarters Of the present year amounts to
S6.512 ounces. an increase Of $1,000
unceS over the same period Of 1898
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