The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-07-31
RALLY COMES LATE
STOCKS CLOSE AT FRACTIONAL NET
IMPROVEMENTS.

SlVOAS UbOcb Al f6AJllUa AL Nd
/ IMPROVEMENTS.
Market Sluggish With . saexise Tesdency
Nearly all Day Bonds More Active
Than ssocks-E.riy Londoo Cables CoDs
| Higher. Subsequently, Suspected to b
Due tn InAasnces Working Troa Thss
Side, which ssspicioa Calls N Isstass
Halt In the Sympathetic Advance bonds
stronE-Fereisn stock Markets.
II New YORK, July 30-The share scecu-
lation today reflected little, If any. I'm
provement in the character of the mar
ket- The movemen. was sluggish with
a saggins tendency, the greater part OF
the day. and the afternoon operations
were characterized by a beiatsd rally
On covering Of short contracts. The real
drift OF affairs specularvely was again
more active in the bond market than in
the stock market The early London ca
bies reported a lower market for Arnert-
can securities but later advices from
that center. received just before the
opening hour. evidenced a change OF
front and our market sympatheticafly
started out fairly active and higher. the
| initial prices showing gains extending
/ to Il. per cent n Sugar. London ap-
| peared 20 be a buyer OF Louisville and
| Nashville and ST. Paul. but a well de-
fined suspicion developed early that the
higher prices for Americans IN London
| had been engineered from this sid, or
| in other words. that the familiar rig
ging" process Shad been worked by pow
erfT banking interests. The advances
| IN prices halted abruptly after the ir5-
| tai dealings and the market became al
most stagnant, prices, however, easing
OFF gradually. There was no news of
advice bearing upon values aside from
tendency in the exchange market.
which lacked significance owing 10 the
well understood opinions OF the great
exchange pod. The weIl-worn ru,noFs
against Manhattan railway stock were
again made 10 do service and an extreme
decline OF "a per cent in It's prices was
affected Sugar last in the early gain
and the market generally ruled frac-
tionally below yesterdays tfos.ng. wiki
the grangers showing the more import
ant losses IN the railway list The mar
kst entered another dull spell at the
concession noted. untA the last hour.
when a rally occurred all along the
line. recovering under the leadership
OF Sugar. The gains from the lowest
points extended TO 2ls per cent in Sugar
and Chicago Gas: Manhattan Il. per
cent; Tobacco and Rock Island Ia per
cent and other stocks advanced a point
or thereabouts- Sugar CURED for one
third or the entire dealings. The closing
was strong at fractional net Improve
uents.
The total sales OF stocks today were
166.700 shares. including American To-
baccO $500: Atchison 1900: American Su-
gar 10000; Burlington and Quincy $500;
Louisville and Nashville $500: Man
haitian 1900; st. PAU 1890; Reading
S,oOe; Rock Island $500; Western and
Lake Erie 500.
The bond market displayed aggressive
strength in the early session and there
wasa noticeable abatement OF the recent
selling pressure for foreign account.
Later, realizations caused a reaction.
Thee losing was irregular with losses
predorlinating. The sales were $40. 900.
The advances included Atchison ad-
justment fours per cent; Atchison gen
erals and Kansas Pacific consols per
cent The more important decliaes
ranged from to "a per cent. the last in
Denver and Rio Grande fOurs-
Governments We're quite strong in
transactions az s21,0e0.
In silver certificates the business
amounted 20 only $1,000. The tone was
steady.
FOREIGN STOCK MARKETS.
New York. July 30-Even;ng Posts
London financial cablegram-
The stock markets were generally
better here today and English rails were
quite booming again. Americans re-
covered on the lead in New York and
bear purchases here There were no
genuine purchases OF Americans here
and prices closed under the best
The coin and bullion in the Bank OF
England decdeeser $4,000 pounds the
week. Cash bills are beginning 20 go in
TO the country for holiday requirements
The gold movement for the week COT
sisted of 100000 IN sovcreigns imported
from Australia All the arrivals of bar
gold are now bought for the continent
The Times money article speaks OF q
premium on gold in America and the
possibility OF gold shipments from here |
TO New York. At present, however.
there is no symptom OF such shipment. |
The Paris bourse was less psn.cky. /
but weak.
The Berlin market was dull.
The success OF the Russian loan. 50 Tar
as Paris is concerned, Is believed TO be
over estimated, but Germany IL M
derstood TO have subscribed largely
LOANS AND DISCOUNTS.
New York. July 3o.-NoOn: Money on |.
call easy at 1t1a2 PER cent: prime me-- /
camille paper 6a7 per cent; sterling eI- /
change, rT-er with actual business IN 4
bankers bills ats4ss+.a 4-sS for GemandI !
and Sass for sixty days Silver certi- I
fcates sales 81. coo al ssh; bar silver. 1
s5ss: Mexican dollars, s3s.- Government /
bonds. hrIner: new fours registered illA /
coupon 1l3A: nves registered 10; coupon /
Ill: fours registered 10s; coupon l07; 1
twos registered 30: Pacific sizes OF - /
fell 4.
Philadelphia. Pa. July 30.-Cleariugs .
8. ~. 1S3; balances 81 1865
St Louis. No, July so.-Cearings 4
50. Ss7. s4s
M=mpals. Tenn. July 3o--Clear:nss
s1Io.4ss
New Orleans. La. July 3o.-Clearings 4
q C1x ga