The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-09-29

ct. Paul. Sugar and Burlinsfea Make Up
the Market-Gransers Meet With Ssri-
ons Hardship o. the st. Paul and Bnri-
ins.on showings - Af,ernoon Market
Dali Blu, stu Declining Ustn . Late
fractional Rally on Coverins-Cioss at
General sharp Losses-Foreig. n arke,s
Better. Americans Especially Firm
New York. Sept cs.-AI the profess
s.onsls were IN favor o. reaction al the
outset this morning and the bears were
also fairly aggressive. Reaiizanons
were the order OF the day on the part OF
the weak holders Business was on
declining ratio and -ae distribution was
pcor. S. Paul Burlington and Sugar
practically constituting he market. al
though the fiucruasons - other shares
were wide. u was actually conceded
rat a large speculative corparSuon
was being 'gunnei for The market
was fairly animated early IN the day.
but subsequently became sluggish An
easier money market. on-rasred with a
firmer tendency n foreign exchange and
predictions that the gold import move
rnenr had ceased. was met by long esd-
mates OF probable large shipments OF
rhe metal 70 this country this week
The chief influence upon prices, ho"eV-
e., was exeved by unfavorsole trzaftic
returns The opening was strong on
higher London quotations. moderate
purchases for foreign account and re-
ported additional gold arrivals
A raid on Sugar stock, based upon an
important reduction in therefined trade
Of the product and realizing IN Manhat-
tan were the install features OF the DEAL
ings and the general list was soon sym
patheticslly affected. The declines were
especially severe in the Changers on Tie
heavy declines In the ST. Pauls figures
for August and estimates Of poor
showing for Burlington The stock fell
Il per cent and Burlington receded 10
26A per cent The other extreme de-
creases extended TO ia pere cent N
Sugar and Manhattan In the usually
inactive stocks Wheeling and Lake Erie
preferred was conspicuous for some
rapid changes in the early trading. and
the final trading recorded gain OF ia
per cent. The market iapsed into dull
ness in the afternoon session and but
few changes of oonseo uence occurred IN
values The tendency was downward.
however, unit. the last half hour. when
covering stimulated fractional rally.
The closing was steady at general sharp
losses
The total sales Of stocks today were
iS1, ASS shares. including: American To-
bacco. 800; Atch1son. $500: American
Sugar. 33, 900: Burlington. ., COO; LOUIS
vile and Nashville, $500: Missouri Pa
clio $500; Manhattan. $500; ROCK Is
land. 1900; st Paul. SO, 700: Tennessee
Coal and Iron, 800; Wheeling and Lake
Erie. $500; Southern Railroad preferred,
$500
Railroad bonds were fairly active but
ruled slightly 1over in sympathy with
the depression In stocks. The sales were
81 Do, 900.
Government bonds continued storing
on an investment inquiry. The sales
Were $500
FOREIGN STOCKS AND MONEY.
New York. Sept 2s.-Evening Posts
London financial cablegram:
bright weather has proved restora-
tive to the stock markets, which were
distinctly better today. Cortangoes, OF
course. were sitter. Americans COM
manding fully per cent The account
was easily arranged. however, and
general Improvement in prices followed.
Americans especially We're Arm although
the close was appreciably below the
best There was considerable buying
OF lov-priced shares and secpnd-class
bonds. At the close today the Lon
don market was easier in tendency, gen
orally pa per cent The fact that the
Bank Of Germany did not raise its dis
count rate today as expected helped 10
weaken the London market, as did also
the decline IN the market price Tor bar
gold TO 77s1oxd per ounce. Money may
is now believed that The worst OF the
rise is over for the time.
The Paris bourse was weak and the
Berlin market steady"
London, Sept 2S.-Gold is quoted to-
day at Buenos Ayres at 1850; Madrid,
Is. IS; Lisbon, 307s; Rome. 1o7.27lz.
Paris. Sept. 2s-Three per cent rentes
1el franc. s21zc for the account; ex-
change on London 25f lie for checks.
Berlin. Sept Exchange on Lon
don eight days sight 20 marks 81 pfen-
nigs.
LOANS. BANKS AND CLEARINGS.
New York. Sept 2S.-Noon: Money
camille paper. 7as per cent: sterling eI-
change, steady with actual business In
bankers bills at s4s11sh% for demand,
and for sixty days; silver certificates.
e5a ass, no sales: government bonds.
firm: bar silver, s5Ss: Mexican dollars.
5oIL; government bonds firm, new fours.
registered and coupon, III: fives regis
tered and coupon. III: fours. registered
lO7X. coupon. 1851; twos registered. 80;
Pacific sizes OF 's7. 1904.
New York. Sept 2S--C1earings 49, |
15s $50; bala noes s3.7s1.52s.
Boston, Mass, Sept 3.-Clearings, |
g, SIC. 343; balances. s54o.s57
Philadelphia Pa. Sept 2s.-CleGings
81. go. ssl: balances Sl,1s2. 20.
Baltimore, Nd, Sept 2s.-Clea-ings. |
sI7H.s74: balances 32s2oie.
Chicago. III, Sept. 2s.-Clearings, sI2.-
s55. s2s. Money steady; on call. sa7 per |
cent; on tine. per cent: New York |
exchange 6 cents discount: foreign eX- |
change steady: demand s4s4i4: 60 days. |
s4t1h
Memphis. Tenn. Sept 2s-Ctea-fng-. |
g., 2ss. $50: balances S4J7. sos. Money on /
call s77 per cent; on tine Per cent. /
New York exchange sI.z5 discount BID; |
81 discount asked
GOLD IMPORTS.
New York. Sept 2s.-The steamship |
Ia Bre-axre. from Hay--e. brought 81.
BOO. 600 n gold, making the total engage
rnen;s and arrivals 20 dat. 80, 7s7. 30.
GOLD RESERVE.
Washington. Sep zs-Tbe treasury /
today los- 37s.ooe n god coin and g. 20 /
In bars. which leaves the true amount /
q tn~ reserve & - 90 go In sdd<l1,