The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-08-14

the Exchange Markets, Money Rates
Easier and the Burlington Dividead-
Shares Close ut Gains of One to Three
Per Cent-Bonds More Than Ordinarily
Animated, and Substantially Improvin.
New York, Aug. 13.-Today's stock
market was fairly active and the course
OF prices reflected a more confident tone
regarding the financial outlook. on the
part OF both foreign and domestic deal
ers. There was very little news Of a
surface influences were continued de-
chnes n the exchange market. a re-
ported easier tone in money. though
without quotable declines in rates. and
the declaration Of the regular quarterly
1 per cent dividend by the Burlington
directors. The last mentioned devel-
opment was regarded as a bull card Of
the first class, as the bears had recently
made the stock a speculative football
on the assumption that the dividend
would be passed The action then re-
suited accordingly in rush to cover
and decided improvement IN the price
OF the stock. London was a discrim-
mating dealer, buying Louisville and
Nashville and other stocks and selling
moderately of st. Paul. A favorable
feature OF the market was a degree OF
animation In railway and miscellaneous
bonds and substantial improvements
in prices. Commission house purchaS-
ing was executed on fairly large scale.
both in stocks and bonds Owing to
the latest developments bearing upon
the financial outlook. the street drew an
augury from higher prices for American
securities IN London and the local open
ing WAS strong, with a notable amount
OF short covering discernable. The
more substantial gains were scored in
the industrials, although material I'M
provements were also occurring IN the
railway list. Realizations took the
edge OFF the advances for a brief space
and the hears made vigorous efforts
in connection with special drive at
Manhattan which forced dts price down
TO 1874 per cent, making new low rec
ord IN this break. The bulls soon took
hold OF the general list again and the
trend Of the prices in the main was
upward Large blocks OF the active
stocks changed hands frequently, and
cent, to 1921 per cent. Manhattan
was also taken freely and touched 1914
per cent. The gains in the other prom
inent shares ranged from 212 to 81 per
cent. The advance IN the general mar
ket eliminated nj the final half hour
in realizing sales. Manhattan reacted
21s per cent. TO "A per cent, and the gen.
eral list IL per cent. The closing was
heavy with net gains, however, OF 1Q3
per cent
Total sales of stock today were 49,
AS shares. including American Tobacco.
1890; Atchison, 4. 100; American Sugar,
"a. geo; Burlington and Quincy. 24.6O0;
Chicago Gas, 10, 600: Louisville and Nash
vile, IL 800; Louisville. New Albany and
Central preferred. $500; Manhattan
Consolidated, IA 800; Rock Island, 900;
St. Paul, AZ. 500; Western Union, $500;
Wheeling and Lake Erie. $500; silver
certificates. 5000.
The railway bond market displayed
aggressive strength on a resumption
OF speculative and investment purchases
on a large scale. The more important
gains were scored by the international
issues, with the Atchison and Reading
bonds most in favor. The sales We're
81, 179 Oe0.
Governments lacked feature but held
steady on dealings Of $4,000
Silver certificates touched IS on pur-
chases o rs, 600.
FOREIGN STOCK MARKETS..
New York. Aug. 13.-Evening Posts
London financial cablegram says: The
stock market opened dull today on ap-
prehenSlon as to the settlement. No
difficulties were disclosed, however. and
a general recovery followed in all ex-
cept foreign stocks. which were de-
pressed by the events in Crete. Ameri-
cans, after a period OF fairness. recov-
cred sharply on the satisfactory con-
clusfon Of the settlement. on the cabled
reports Of Bryan's unfavorable recep-
ton in New York and on the Burlington
and Quincy dividend Were il ont
that the markets here are now so az
fected by the holidays. 1t Is believed
that the rise in Americans would have
been greater. As IL e a rush UP in
prices is not desired SO much as a regu-
lar steady recovery and until the eisc-
tons are over. the market promises
TO be mainly professional in character.
Mines were fairly active
The coin and bullion have decreased
only 5000 pounds, although 1900 pound
IN gold was exported on balance for
the week. the details Of the gold move
ment being 100 go pounds exported TO
Germany and 80. 900 imported from Aus
tralia and ee,oc0 pounds from Por;u-
gal.
The Paris bourse is simply following
the London markets and consequently
closed firm after dullness.
Berlin was weak.
London, Aug. 13-Clc.ing: Consols
for money 112 1916. for the account liz
u; Canadian Pacific. 5sk: Erie. 3. E'ie
LIST preferred. 231.. Illinois Central, ssh;
Mexican ordinary. 1914; St Paul COM
mon, 65i2; New York Central, s31z;
Pennsylvania. 152 Heading. 8; Mexican
Cenaral new As poeferred, IS; bar silver.
s1lsd; money. izGA per cent The
rate OF discount IN the open market for
short and three months bills. 1S-1sg7.-
London. Aug. 13.-T'he Bank OF Eng
lands rate OF discount remains unchans
ed at per cent
London Aug IA .. m--Gold IL
quoted at Buenos Ayre=s today az l7s;
Madrid. 1s.z5: Lisbon. -: Rome. 1879. /
Amount OF bullion gone into the Bank
OF England On balance, 5000 pounds
LOANS AND CLEARINGS.
New York, Aug. I2-Money on call !
easy Al AZ per cent; lals1 loan "a |
Fer cent; closed 2iz per cent Prime
mercantile paper s1z673s per cent Ster-
ling exchange easier with actual b1si-
ness In bankers balls az All. for Ge-
maDd end - SEA- for sixty days: posted
rates :is7r4s17 and SASH. Csmner-
cal bits tisS Bar silver ss7sc. Sll-
yer certificates S.
Boston. Mas. Aug. i7.-Ciearirgs 81. !
2s1.2Is: balances s1-z1s.JS5-
Philadelphia. Pa. Aug. l7--Clea-iags
3 400 50: balances sI.14zEzG-