The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-09-18
ENDS AT THE BEST
BUSINESS IN SHARES LIMITED BUT
PRICES KEPT UP.
of the Hebrew Festival Noted
Holiday Total Efected-situation Suits
the Manipulation - Strong Undertone
Throushout-Day's Developments Fa-
vorabIe With the Sole Exception of Call
Money Rates-Bank of England Lets the
Discount Rate Stand-Foreisn Exchange
Market Heavy.

| Discount Kate Stand-t oreiSu ExcnanSe
Market Heavy.
New York, Sept. 1.-THE stock mar
ket today, as had been expected, reflect
ed a considerable falling of in BUSH
Tess on account OF the close celebration
of the great Hebrew festival The to-
tai recorded was OF holiday proportions
and that very fact rendered practical
the adroit manipulation by few lead
! ing operators. The undertone was
strong throughout and the closing was
/ marked by decidedly effective move
nlent against shorts in Manhattan and
/ several other properties. The develop
| mentS of the day were OF a favorable
| character, with the single exception Of
| stiffness in call money rates. The ex-
IRENE high figure reached s per cent,
| but the market was not affected, while
! on the other hand a weakening tend
ency in rates late in the day gave fur
! Their impetus to the upward movement
I in stocks. The financial community at
| large was encouraged by the failure Of
J the Bank Of England 10 advance its
/ minimum rate of discount In addition
| the foreign exchange market displayed
| heaviness Of tone on an absence OF de-
mand and increased offerings Of COM
mercial bills. The opening was rather
| tame, but was relieved 10 an extent
( by moderate covering demand from
/ the shorts. Some buying for foreign
account was noted, and this fact, to-
I gether with cabled advices Of a slightly
! improved condition of affairs in the Le-
want. impaired increased firmness 10 the
q l.
STATIONS against the shorts by insiders
| in an attempt on the specialties, and
particularly Tobacco, which rose is per
cent above the final prices on Wednes-
day. A number of other advances oc-
CURED, extending to point. Intervals
Of extreme dizziness succeeded until the
| last hour, when the bulls took hold with
will and under the leadership OF Man
haitian, which rose an extreme AZ per
cent, prices were lifted all along the
line Near the close the market was
further stimulated by the news Of an
order for 1000, 900 in gold for import to
this country by a representative OF
! foreign banking house that has been the
most conspicous in the present move
ment, and offerings OF call moneyyy at
8 per cent. The closing was az the top
level.
Bonds ruled duh and strong, with
fractional advances in the speculative
issues. The sales were $4,000.
FOREIGN STOCK MARKETS.
New York. Sept I7-Evening Posts
financial cablegram:
'sIThe stock markets opened fat today,
consols 4 lower at the opening, pending
the action of the Bank of England,S
directors on the rate of discount. When
IL was known that no change was made,
sharp squirt followed. This was not
fully maintained, however, the bears
hammering the markets and the view
being taken that rise in the bank rate
was merely deferred. However that
may be, and allowing for the setback
in prices, the market must be described
as steadier on the whole. Americans
were irregular. but with a fairly firm
undertone. The market is gradually
awakening to the fact Of the altered
condition Of affairs so far as the inter-
national Indebtedness between England
and America is concerned. Were IL
not that an election is pending. the re-
Spouse in prices would be considerable.
'HThe Berlin market was more active
and steady in tone.
Paris was uncertain"
London, Sept. 17.-Closing: Consols
for money, 10924; for the account, 1925:
Canadian Pacific, 59la; Erie firsts pre-
ferred, 2S1a; Illinois Central. 94A; Mex
lean ordinary, 1872; ST. Paul common.
712s: New York Central. ei24; Pennsyl-
vania, 521H; Reading, 72s; Mexican Cen
trail new tours, S. Bar silver, 30ssd per
ounce. Money, 2d1 per cent The
rate of discount in the open market for
short bills ~ per cent;for threee months
bills, 3-16 per cent.
FOREIGN BANK STATEMENTS.
. London, Sept 1.-THE weekly state
nent OF the Bank Of England issued TO
day shows the following changes. as
compared with the previous account:
Total reserve, decrease $500 pounds;
circulation. decrease 305. 600: bullion, de-
crease 374, 614; other securities, decrease
A., 900: other deposits, decrease $4,000;
public deposits. decrease 204. 900; notes
reserve. decrease ga. 900. Government
securities unchanged. The proportion
OF the Bank OF England's reserve to
liabilities which last week was $3.50 per
cent, IS now 56.14 per cent. Amount
OF bullion withdrawn from the bank
OF England on balance today $4,000
pounds all American eagles Gold is
quoted at Buenos Ayres today at 1880;
Madrid 1925; Lisbon 500 Rome 1915.
The Bank Of England's rate OF discount
remains unchanged at 2l5 per cent.
Paris, Sept 1.-THE weekly state
ment OF the Bank OF France issued to-
day, shows the following changes as
compared with the previous account:
Notes In circulation, increased 4,so0. 900
francs: treasury accounts current, in
creased 11.s75 eo5francs: gold in hand,
decreased 14,574, 900: bills discounted in
-
decreased 2,575.o0o francs.
LOANS AND CLEARINGS.
New York. Sept. I7.---Money on call
firmer at 4as per cent; last per cent,
closed at 4a5 Per cent Prime mercan>
tile paper nozninally 1a9 per cent
Starting exchange steady, wrh actual
business IN bankers bills at $4siiza4-si
= for demand and s. sl1Sa4-sl24 for 81
days Posted rates 4S2a4 $50 and S4.s.
!. "A s5i-.
Commercial bills sIsoK.
Silver 654. Silver certificates s5isa
s5iz.
New York, Sept 17--Clearings $751;
Coo. 9a4; balances s41s3,6i5.
Boston. Sept I7.-Clsarngs s12.eSe,-
16e: balances 81. 0eS. AZ.
Philadelphia, Sept 1.----ClearingS Sc
oil .S7s: balances s1.5i6.5So.
Baltimore. Nd, Sept 17.--CAaEng>
s.. ee2 Oh: balances 1913. So.
Chicago. Sept. l7.--CiearinSs sis.e4s.-
ca Money easier hut unchanged: OF
call Sal per cent; on time per cent
New York exchange sL1e discount
Foreign exchange steady; demand .iS5
=; sixty days s4-sliz.
st. Louis Mo, Sept. 17.--Clezi1Es
ss7ss.e4s; balances s4IS,641 Money 5as
per cert New York exchange ;I-25
discount BID: 81. 90 asked