The Wichita daily eagle., 1896-07-09
HAS TO BE GOADED
PERFUNCF0RIES OF THE STOCK
MARKET REMARKED.

Volume of Business Shows Some Improve
ment-Three Stocks Take the Dealings,
Sugar Leading-Foreign Securities Re-
Gently Purchased Not All Disposed Of
Money Continues Easy and Revival of
Demand is Expected - Share Market
Narrow-Prtces Irregular and Sagging-
London Prices Disappointing.
New York, July S.-The stock market
was again today a perfUnctory affair."
although the volume of business show
ed some Improvement over yesterday s
record. Three stocks divided the bulk
OF the dealings, with Sugar leading,
both in point Of activity and extent
Uf fluctuations. 1t is understood that
a considerable amount Of the purchases
Of securities for foreign account has
not as yet been disposed Of. Some
comment was made over the withdraw
al today OF many banking institutions
from the commercial par market the
action being attributed TO prevailing
financial uncertainty. The offerings
Of prime paper are very moderate,
money a speedy revival Of demand is
expected. The market as whole was
narrow and the movement Of prices ir-
regular, with a sagging tendency. Lon
don prices were disappointing and op-
erations here in the main insignificant.
Speculation, therefore, was governed
by PROFESSIONALS The opening was
weak and liberal purchasing orders ad-
- l. v-aaF - . I
when a bear raid on grangers and liq-
uidation in Sugar caused a reaction and
trading became apathetic, although
prices advanced slightly. Bears took
aGvantag of these conditions in the
closing hours and crowded down prices
especially Sugar and Tobacco. Tht
closing was heavy in tone.
Railroad bonds were slightly easier
and government bonds were quoted IT
regular.
Silver certificates sold up to COZ per
cent.
FOREIGN STOCK MARKETS
New York July 8-The Evening Post
london financial cablegram says:
The stock markets were Hfeless today
half the members of the stock exchange
being awav. a rise of 3-16 per cent in
consols was practically the only feature
Americans have not varied TO any ap-
nreciable extent. The list for the Chi
res. loan closed today. The apphca-
t;one have not been very large. Esstx
vou0ty. New Jersey, is inviting suo-
eCriptions through Messrs. SeIgman
for an issue Of 81. .5OO,000 in four per cent
gold bonds at 1121a per cent IL IS es
pecially stipulated that principal ana
interest are payable in gold at present
standard and fineness. m
The Paris bourse was steady but
quiet.
The Berlin market was firm
London closing-Consols for money
l13sk: for the account 113 Ills; Canadl-
nm Pacific 665s; Erie 1885, do first prefer
red 342k; Illinois Central 90; Mexican
ordinary Is; St. Paul common 773s; New
York Central 90; Pennsylvania 541s;
Reading IA; Mexican Central new fours
6qaL. Bar silver 311ad per ounce. Mon
ey 146D1z per cent. The rate of discount
in the open market for short bills 9-16
per cent; three months bills 9-1643s
per cent.
LOANS AND CLEARINGS.
New York. July S.-Money on call
firm at 1G2 per cent; last loan per
cent; closed 1902 per cent; Prime mer-
camille paper 4G5l5 per cent. Sterling
exchange steady with actual business
in bankers bills S4S7l@@4SS for demand
sAS7dK for sixty days; posted rates
$4.S71k@4SS and 4SS1z94S9. CONNER
cial bills S4S6d14; silver certificates
6965z per cent.
Boston, uly S.-C1earings S15,200,s
balances 81, ,620. .760.
New York. July S.-Bank clearings
$50. .2g3. los: balancts $5.S62. $50.
Chicago. July S.-Clearings ST ,00S, sos
money on call 596 per cent.
AMOUNT OF GOLD RESERVE.
Washington. July S.-Today's state
ment of the condition of the treasury
shows: Available cash balance S267, ,217,-
ass: gold reserve 500. IA 135.