The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-07-30
LESS THAN THE BEST
STOCK MARKETS DECLINES NOT
ENTIRELY RECOVERED

Opening Weak on Lower London QaotA
tions-Declines in the Early DeaiInes-
support ut the Lo~ Fslat. and Covering
by shorts-Commission Orders and Ray-
Ing of Inisrnationais rrenesss the Ad-
vanes-sux.r. At Length, Touches Par
Dealings Noted In Low-PrieeA Sharss-
Bonds Not Affected by shares.
New York. July 2e.-The stock market
| today was fairly active and. as usual
recently. sentiment played an import
ant part in shaping the course OF prices
! The trading was comparatively well
Paul figured for over one-half OF uhe
entire total. The first mentioned was
the star performer and. in common with
the general list. was decidedly Irregular
Incidentally il touched par. the lowest
price recorded for a iorg time The
movement Of the stock exerted consid-
cradle sympathetic influence upon the
other shares The general market was
feverish in the forenoon operations ay-
eraging a fiUctuation OF nearly l per
cent in the prominent shares. The open
ing was weak. chiefly owing to lower
London quota tons for American secu-
rifles. and in the early dealings dec
clires were recorded extending TO TX
per cent in Rock Island. At the low
level some support became evident IN
the leading stocks an dtehre was also
extensive covering OF shorts, and I'm
- ~
red, ranging UP TO IL per cent IN Chi
cago Gas and Manhattan. About mid
day some commission orders appeared
and. together with continued covering
and some buying Of international
shares, caused further appreciation in
prices. The inquiry for the industrials
was quite marked. The more import
ant extreme advances were in Sugar
21s per cent. Tobacco rs per cent.
Leather preferred Ia per cent and Chi
cago Gas Ia per cent. The gTangers
rose 1T2 per cent. the last in Rock Is
iannnd. The closing was strong but
prices Were generally a shade below
the best figures. Dealings in the low
priced sares constituted a feature OF
the market
The total sales of stocks today were
240. SOP shares, including: American To-
bacco 1900; Atchison 3.400; American
Sugar $500; Burlington and Quincy a.
700; Chicago Gas $500; Louisville and
Nashville Is. 400: Manhattan 7,1o0: Rock
Island IL 800; St. Paul 44.20o: Western
Union 400; Wheeling and Lake Erie
$500; Southern railway 400; silver GER
tificates 1000
The bond market failed TO respond 10
the Improvement noted IN the share
a N 10 Ia nj
closed weak with important declines in
many instances The speculative is
sues assumed considerable prominence
in the selling movement. particularly
IN those having a international market
The sales We're $4,000. The principal
losses are Ohio Southern firsts and On
tario refunding fives, SIS per cent, Hous-
atonic fives, Inland Great Northern
seconds, st. Paul. Dakota and Grea,
Southern fiyes per cent. general fours
~ per cent. East Tennessee consols
fives and Northern PPacinc terminal
firsts 2 per cent; Chicago and Erie firsts
Ia per cent; Cincinnati. Dayton and
Ironton fives and Louisville and Nash
vile un1fined Ia per cent; Wabash
frsts and Rock Island extended fives
IL per cent and Atchison fours. Chica-
go and Eastern Illinois fives. Edison
tours and Brooklyn Union fves per
cent
Governments were barely steady, the |
market showing a tendency to sag on |
offerings Of So, 500.
Silver certificates were dull and easter |
on dealings OF $1,000.
FOREIGN STOCK MARKETS.
New York. July 2e-Evening Posts |
London financial cablegram:
The stock markets today were fat |
on the difficulties In Paris and the re- |
newed slump in Americans. The mar |
ket IL demoralized and the alarm - |
spreading 10 the genuine holders OF |
bonds and the better class OF shares, |
who are endeavroring TO sell IL is. |
however. almost impossible TO sell bonds |
at anything Ike the quoted prices and |
the fact that arbitrsze houses have |
found II impossible 10 sell large blocks /
OF fair Indian bonds in tale United States |
has had a demorarZing effect here.
prices. however. closing above the low /
est. As reported in yesterdays cable, /
the syndica'te's efforts to check gold 4
shipments are almost disrezarded here
Other markets were fat In sympathy 1
with Americans. A failure Is reported l
inn the Glasgow market, ad in Paris 1
Two Dig urms nave been n 1lUlculty.
In one OF these, affairs were practically /
closed today. II IS that OF a large hold
er VINO was paid over by big financial
house last November.
The Paris and Berlin markets were
fat
BANK CLEARINGS.
Philadelphia, Pa. July 29.-ClsarinSs
&, 3ss. SIS: balances s. .330. $50.
81 Tssf~ - A
%. 2Ss: balances S4o5.3f7.
st Louis. No. July 2e.-Cissrings 81
20 SIS: balances t5s2.3Ie Money cas-
per cent. New York exchange 20 cents
discount bid. - cents discount asked.
Memphis. Tenn. July zs.-Ciearings
|iz2. 2sl: balances ;35. 74s.
New Orleans. La. July 2s.-Clearings
Fs7o,5 0s
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