The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-09-06
BEATS TEN MILLION
GOLD IMPORTS FOB THE WEEK THE
LARGEST YET RECEIVED.

LAkGkSt IEf hECElfhUs
Eject Of the Inflow Shown During the
Week In . Csnhde,f Tone and . Spirited
the Weeks E.d-Market on the Last
Day Takes What Comes, and ExPer-
fences vic.ssitades But in the End
Closes Steady at Slight Gains on the
Day-Ths Bank Statement.
New York, Sept. 5The market today
was moderately active, with sugar and
St, Paul considerably outranking the
general list In extent Of trading. The
speculation displayed an undertone Of
strength throughout, although realiz-
ing sales and offerings for short ac-
counts occasional concessions, especi-
ally after the publication Of the bank
statement That exhibit, as IS frequent
ly the case, failed to considerable ex-
tent to indicate the actual condition OF
the banks and, of course, did not in
clude the proportion Of the s5,6so. $50 In
! gold, or Whereabouts, which arrived too
late to be reported yesterday but was
deposited in the banks. OF the amount
mentioned $500, 900, not being on the
manifest Of the steamer, was not report
ed until late in the day. The gold,
/ with two other lots of equal amounts,
was deposited at the subtreasury. The
arrivals for the week made about the
| largest aggregate imports in any single
I week. The grand total was so, 16O, 46S.
The initial prices were q shade below
Fridays closing figures, owing TO relai-
cations and bear offerings. Influenced
chiefly by lower London prices. After
a brief reactiorary movement, prices
took an upward trend and firmness
ruled all along the line The closing
| was dull but steady at slight gains on
| the day.
The total sales OF stocks today were
1880 shares, incluinding the following:
American Tobacco, 1890; American Su-
gar, 1880; Burlington and Quincy, g.
100: General Electric, $500; Louisville
and Nashville. $500; Reading, 4,700;
Rock Island, $500; St Paul. 1880; Ten
nesse Coal and Iron, $500.
The week developed a confident tone
In financial circles, partly through the
stimulus OF the gold movements and
/ belief that the monetary outlook was
! more satisfactory. The outcome was
a spirited speculative movement, at
tended by material improvement in
prices, despite almost persistent for
eign selling, both for stocks and bonds.
In the last mentioned department. in
| vestment buying on a liberal scale was
reported. The bullish sentiment had
proved superior to aggravated cutting
rates and OF mercantile disasters. in
some instances on a heavy scale. The
volume OF business was larger and bust
ness was unusually well distributed.
The advancing tendency was checked
from time to time by realiZationS and
offerings by the bears, and there was
superficial evidence Of adroit manipula-
ton by the professionals A fair
amount Of commission buying was also
noted, however, which, IL is believed,
would have assumed considerable pro-
portions but for the continued steadi-
ness OF the money market The cover
ering purchases were more notable In
the stocks that had sustained the more
/ acute losses IN the recent break The
money market displayed stringency for
a time. and especially for time fund.-.
and in mercantile discounts. Sterling
exchange quotations were also held
I more firmly on a demand to cover gold
/ imports and indicated the cancellation
OF some orders that had been given for
the metal. Apprehension in London
over the Levantine complications and
indtca tons OF f1rmer rates for money
at that center, disposed foreign opera
tors to sell American securities, and
this condition was sought to De improv-
ed by the bears. A significant develop
rnent was pronounced strength in gov
- 81
extending to g. per cent in the new
fours The market closed at about the
. highest points. The greatest strength
was displayed IN the hagh-priced indus
trials and grangers. but some of the in
active specialties also scored important
gains The aggregate sales were 1,1So.-
ga shares. The more noteworthy gains
included Minneapolis and St Louis first
preferred IA per cent; Sugar 3-s; Su-
garpreferred, IA; Tobacco, Illinois
Steel and New Jersey Central, 1-2;
/ Lackawanna. 614; Chicago Gas, Is;
J Cotton Oil preferred ga Susquehanna
and Western preferred SIS; Consolidat-
ed Gas. Leather preferred and Burling-
ton. 5 1-2; Lead preferred IA; Pitts
burg. Cleveland, Columbus and 81. Louis
preferred, Lake Shore, Minnesota Iron
and Metropolitan Traction per cent:
Rock Island ASS: ST. Paul, IS; and
st. Paul preferred per cent. Louis
, vile and Nashville exceptionally record
| ed loss OF 3-s per cent.
The bond market displayed aggres-
! sive strength on investment purchases
for local and foreign account The VOL
/ une Of trading increased considerably
over recent averages and the net
changes were general material improve
ments. TIE more important gains were
/ IN Peoria and Eastern firsts. 10 per cent:
! Western New York and Pennsylvania
generals and Northern Pacific thirds.
I-2 per cent; Oregon Short Line skies
5 per cent: Missouri, Kansas and Texas.
and Pacific firsts. 1-2 per cent The
sals were s5.517.eoo.
| tSovernuea bonds were quiet but
strong in sympathy with the advance
/ in other securities The demand was
/ largely OF an investment character ard
/ caused an advance OF 3-s per cent IN
the new fours 70 lis IS per cent. On pur-
chases OF $4,000.
Silver certificates were duh and with
out change. on transactions OF Il. 900.
BANK STATEMENT.
New Yo TX. Sept 5.--Tae weekly bank
statement shows the following changes:
Reserve. decrease, $50. $50; loans. de-
crease. se,7eo 100; specie. increase s1.s51.
! 900; legal tenders. decrease. s3s14. so:
I deposits, decrease. 81 So. 200; circulation
/ increase. 1874. 600. The banks now hold
s. 2aS, $50 n excess OF the requirements
OF the - per cent RUE.
New York. Sept 5.--The New York
| Ffnansser says this week: Although
ever s.. so. 90 have arrived from Europe
over s4.eao. 600 OF this gold arrived too
late 70 be included 81 the current state
-,a-- r-or1 this time ont III. ba-Ss