The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-11-05
STARTS OFF STRONG
PosT-ELECTI0N srcCK DEALINGS
OF A BU0YAyr NATURE

- - wv = an ~ a O04D
Early Advance Pretty Mech al Along thu
Line-Soear Scores the Extreme nase. I
Per Ceas-ReaIizassons Take the Edge
on the Advance-RailwAvs the Leading
Glass Of Properties. Reading and ST.
Paul Leading normous Aggregate OF
Over HaIf . MILLION Shares Transferred
-Mooey Markets Bonds Gain.
New York. Nov. THE first post-elec-
ton trading in the stock exchange this
morning was strong in tone and buoy
ant in character. and after the first quar-
ter OF an hour prices rose sharply. The
advances ranged up to per cent. with
Sugar as the leader OF the market There
transactions which quickly led to deal
izing sales. resulting in reactions Of
about to "a per cent These were fol-
lowed by sharp but only partial recover
les. the dealings meanwhile being on an
enormous scale. reaching proportions that
past There was good buying on orders
from out Of town which was estimated
by the receipt OF cable advices report
ing higher prices for American securities
on the London stock exchange. Foreaso
buying orders were executed in fairy
large volume and materially assisted n
the upward movement There was, how
ever. large selling .or the account OF
operators who desired 10 take advantage
OF the rise which was expected 10 occur
in the initial dealings, opinions Differ
ing as to the stability OF the advance.
The hour preceding noon was marked by
fairly steady tone on a moderate BUSH
ness. which brought the market 10 about
its normal condition Approaching mid
day the market was again on the up
ward turn. and the speciaities attained
considerable prominence by reason Of
wide fluctuations. The inquiry for the
low-priced shares also excited interest
and comment and In some instances the
best prices of the day were attained. no
tally in Chicago Gas, Reading and Rock
Island. The trading in the afternoon SEES
sion was characterized by considerable
and a diminished volume OF
business. which was. however. better dis
tribu,ed than In the forenoon. The new
bearing upon the tributary
were variously and extremely
interesting and in sharp contrast to re-
change was irregular and to a large eS-
tent the quotations were nominal. Early
in the day actual sterling was quoted at
cents and posted figures one cent below
the final rates on Monday, but later
rallied slightly. Leading houses were
reported undecided as 70 the immediate
course of exchange and appeared disin-
clined to transact much business tempo
rarily. The premiums on god that have
ruled for long time past entirely disap-
peared and people who had Withdrawn
he gold some time ago made Intellectual
Efforts 10 exchange their holdings for cur
-ency at the Offices OF the bullion brok-
FRS. AT the subtreasury applications were
rejected subject 10 delay for examination
Ind in return for receipts. II being stated
hat the entire clerical force OF the &C.
was taxed 10 the utmost in
counting heavy Accommodations OF silver. ,
Finally, the gold was turned over 10 the
banks and saving institutions. and some
Il the banks that are understood 10 be
hort OF currency. will. II is stated. pay
heir balances al the clearing house tenn !
'orarIiy in gold.
Money was distinctly easier. Large |
were made on call and the
ate was quickly forced down from 10 per !
ent, the initial figure, TO per cent, and I
lnally 10 per cent. closing offered at 4
hat price. All stringency in the money
lso disappeared and all borrowers on I
God collateral were accommodated at 6 4
er cent for all periods for thirty days 10 4
lie year. The inquiry for funds was not
ressing. A co-reiative removal OF re-
in the mercantile paper mar
ct was also noted and the demand for
hoice paper was in excess Of supply
,ates were lower 10 6a7 per cent and a
airly large business reported at the low
r figure.
Silver certificates were conspicuous by
decline OF PA per cent. 10 esIz per cent.
, the early dealings. Subsequently.
18th liberal dealings. a rally ensued TO
IA.
The total transactions were 1900
side from Sugar. which came third In
ONT OF activity and scored the extreme
ivance OF 7Der cent IN the active list.
lie industrials were overshadowed in ex-
mt OF trading by the railway shares.
It'll Reading and St Paul Leading the
ST named class. The inlt!a. prices were !
most instances the best figures OF the ,
ay. In the so-cslled spec!aitles the
lange IN prices was very material. par
cu!arly In Bay State Gas. which. after
4 early rise OF per cent. broke and
II OF only y per cent higher than on |
onday. Wheeling and Lake Erie pre-
rred rose 3iz per cent, and reacted
r cent. Commercial Cable, which was
8 per cent bid on Monday. sold at 15s
J transaction OF 100 shares and closed .
l45 bid. 147iz asked.
The total sales OF stocks today were
Liza shares. including: American To-
eco. $3.50: American Sugar $500. Bur )
lgton and Quincy 900: Chicago Gas /,
800; Cleveland. Cincinnati. Chicago
"a 81. Louis. 500: Chesapeake ard !,
ITO. $500; Erie Z. $50: General Eiectr.cf.
90; Louisville and Nashville 1900.
$500: Missouri Pacific 500:
$500: Northern Pac. 500:
Icffc Mall 500: Reading es.ooe; Rock :
and 1880: ST. Paul s.. 100: Teanessee
al and Iron 5.zoo: Union Pacific 1880: .
aoasi 1850: Western Union 500; :
heellng and Lake Erie s.5Jo: Southern I .
'iiroad 800. Southern Railroad pre- Z
red 1870: United States cordaze. T.
J. silver certificates 10. co... I
government and railway bonds made
ostantial gains. with the international
ues IN the last named the more proui- {
At Some regularity was s.lden. in / q
final dealings and the marie: LEI, or s
ady n tone. Cloz,rz prices. noxeys- ! 4
~ net gains ranging from las Per cent i c
the principal shares. TIE bond ma .
exhibited decided buoyzrcy. ana q
dealings were attended with consls- =
Die animation Large blocks CT ne d
ding issues were taken for the donss- Y
and foreign accounts. causing al Q
ices o, ia4 Per cent Subsequently q
-e were some material aecIaes On 9
'5t-taking. N which the Rezsiax. Atch | .
Z and Kansas aad Texas Issues sre-e =
c5tss surersTz- TIE gales were "a -