The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-08-19

! General Business Situation and Railway
Returns, Against n Weak Market for
! Foreign Exchange, These Constituting
the Chief Infioenees Upon yalues-Dis-
turbanee In Indian Exehanges-Silver
Continues weak-Lesns and Cie>rinsA
New York, Aug 1S.-The volume OF
business in stocks was unusually hight
| today. gagged by recent records, and
! the market displayed ireg1larity IN a
sagging movement or prices The dis
only Ehree stocks. Sugar, ST Paul and
Burlington. reaching important totals
The depressing factors were lower Lon
don prices and selling for foreign &C
count in this market. increasing ssrin-
gency in time money. the unfavorabIe
conditions affecting the general business
situation and unsatisfactory railway
earnings sor the second week. inc,ud-
ing the ST Paul figures. The ercour-
sging development was a decidedly
weak market for foreign exchange.
which started forecasts and estimates
OF an early Importation OF gold from
3
and s4.Se and n posted rates ASA and
s4-s7 for long and short bills. The fail
ure OF The New York City bond sale
did not appear to exert any special
influence, owing TO an under standing
OF the temporary superior attractive
ness OF the higher rates for money
TO capitalists as an investment The con-
rinued weakness Of silver also excited
comment and was attributed 10 disturb
ance in Indian exchanges and liquida-
ton here and in London Sales OF
$4,000 we-e made az e61. per cent 10
66 Per cent. az against 65Sx per ce-t
at yesterdays final sales. After early
concessions N pAses. support was sc-
corded Sugar led the entire marke,
in point Of activity and was well sus-
tained by insiders and rallied per cent.
10 1861. per cent Burlington and Man
haitian scored similar gains and other
shares advanced important fractions
The higher range induced realizatlons
and the declines Were accelerated by
iuhe publication OF Disappointing traf-
fic returns. Including that OF the s.
Paul. showing an increase Of only $500
for the second week. The offerings by
the arbiu-sge houses were also on a
more liberal scale and served 70 encocr
age the efforts OF the bears. some
OF the htg.her-pyiced inactive shares
We're IN request. however. and made
substantial gains on light dealings
Lake Shore rose 3 per cent. CONSOLIDATE
ed Gas Ia. per cent and Pullman ] per
cent The successive declines report
ed n exchange fasied 10 stimulate the
general list and the bears made another
and effective demonstration. causing
q drop in Sugar Of 2is per cent from
the highest point. while other stocks
yielded I4lL per cent. 1ine closing
was steady ~ a fractional rscoyeTy
on predictions OF early imports Of gold.
but with net losse manly fractional
generally.
Total sales Of stocks today were 49,
7i6 shares, including: American Sugar
10. 400; Burlington and Quincy 20. zoo; Chi
cage Gas $500; Louisville and Nash
vile 900: Manhattan 1000: ST. Paul
"a 500; Western Union $500: Wheeling
and Lake Erie 3.4oo; silver certificates
127. 00o
Bonds were dull and lacked feature
eSide from Louisville and New Albany
fives, v--.-A fell 5 per cent, to IS per
cent. while the general flves advanced
3 per cent, 20 50 per cent.
The market generally ruled irregrIla-
with depression evident at the close.
The Gales were $4,000.
FOREIGN STOCKS AND MONEY.
New York. Aug. 1s-Evenfng Posts
london financial cables-am:
There was sraRnation n all the stock
markets here today and re tone was
rather duh on a letter from a LorIlOl
correspondent n Pretoria, taking a
gloomy view OF tn situation there. The
importance OF the letter was disnsss1
however. by It's dating back 20 July p.
Americans were sustained by TIE buy
ing IN New York Taare was 10 gen
eral buying here. where q "a felt 20
be simply impossible - forecast accu-
rately the result of the election in the
United States. The declines in New
York exchange excs1e much iufer~s,
here. The belief al IRE present mo-
nent - that, owing u dea-er money
and tfle difficulty in discO1u;4nS bills
freely IN New York. rlerchants and 9th
ers are selling sterling.
Paris was quiet TO steady
London. Aug. S.-C-ose. ConsuIs FOR
money 113 5-is: account IIS 81: a-ss-
dian Pacific SEA- per cent; Erie I27s per
cent: Erie ff-sts preferred e7iz PER cent: |
Illinois Central ssiz per cent; Mexican |
Ordinary 10 Per cent; 81 Paul common
6sL per cent: New York Central al |
pr cent: Peursylvsu1a n q pr cent:
Reading -. per cent: Mexican Central
new fours s6& per ce-nt: bar silver
90 s-is d Der ounce MONEY Z per cent:
rate OF Discount In the ops-n market fcr
ssrort and three nz11ths b8Ils :. per
cent.
London. Aug Is-Gold. Rucnns ay-es I
174.56: Nsdr.d 1s.Z5. LAsoon =. Rome !.
1879
LOANS AND CLEARISGs.
New York. Aug. 1S-MOury on call !
easier al 3a4 per cent. last Loan PEI /
cent. cioaed PER cent Prime une-rzn- 4
tile paper TGs per cent S.eriing ez- /
change waak WITH actual bus 1ess n I
bankers bills at s4ssGA fo- SIty dayz: /
pos-ed rates $s5i44 fs71z and sf-s7iz /
a4Ss1z: Commercial tgls tAs4iz. bar 81 !
ve- CSC. silver Cas.1acateS eS2sSis 4
per cea&
Nex YORK. Aug. i-ank c,ea-ngs 's1.-
O.. sos; bela1css ,sSzl,iss
Boston. Aug Is-ClearfaSs. ;i3.5.s.- /
2os. baLsaces Si--Ss.lsT.
PIa1izs1elr11z- a. ACZ. 1s-[Isz-azs.
g - 81: baLanoes t&-s IL
Baltimore. Nj. AK Is.-C7ez-1,zs. i
q ~ o.; bsiznces ts1.I72
Chsczro. Aug. Is.-Cszr4zzs. .f1sf7.-
sz5- 3soney a Dr1sk 6eznAae a: Sal pr 4
cent t0r cal and tine Irzns- Kew
York exczanzs 9 - dascogzt. FOR
esgn ercszals~ rszk. cs-nzs1 flsSss:
sixty days :sss5s-
- LDals. No. Aug 1s--C7@a<nxr.
3 "a -: tslz1ces. 80. 80. MooeT. cal (.
Iosrss SSs - c-nf. r<r5e Tds r~~ cen:
New York sI-hzzgs g. 64sco2at III 4
g ceats asked
Memphis. e1n-. Auz- ts-Clssrnys.