The Wichita daily eagle., 1896-07-24
SHOVELING In GOLD
FINANCIAL BACKING Is GIVEN THE
GOVERNMENT.
Treasury Gold Reserve Is Broasht mp to
approximately One Hundred and Two
and One-Half NInlsons-Two Days De-
Posits About Equal Seventeen and
Three-Fourths MlIiions-Pian TO shut
on Gold Exports Stili Held B&ek-Nos>-
bic Feature of the market Is the Selling
to Take Profits.

.
New York. July ss---The change for
the better In the immediate financial
outlook. owing to the effective measures
that are being taken for the protec-
ton OF the treasury gold reserve. while
gratifying TO the conservative element.
failed TO induce professional operators.
both here and in London, 20 forego the
opportunity 10 realize profits. The mar
keting OF Tong stock impaired rather
feverish tone TO the late dealings. but
considering the encouragement that
had recently prevailed among holders
and owners of securities. the market
today displayed. IN the main. unexpect-
ed strength Coverings OF shorts was.
OF course. an important factor. but
fair amount OF commission house buy
ing was reported. especially in the rail-
way shares. The local bulls were rather
disconcerted over the appearance OF
London as a seileer. but cherefu sen
timent eventually prevailed on the sub
stan.ial deposits OF gold in the sub
treasury by the New York banks and
encoura ging advices as TO the probable
similar action of the financial institu-
tions and banks in Boston, Chicago.
Philadelphia and other large cities.
The total deposited AZ the sub-treasury
yesterday and today is SIS. 900. bring
ing the treasury gold reserve up 10 ap-
proximately $l02. .5s4.52s. No definite in
formation as 20 the progress made by
the OF the foreign banking houses IN
regard 70 the plan for shutting of gold
exports wac obtainable, but Chairman
J. p. Morgan today expressed emphatic
confidence as TO the success % the ar
rangements now being perfected. This
was today foreshadowed by
an easeir market for foreign exchange
and by reports that no gold would BE-
shipped this week. Actual rates for
sterling exchange were reduced. al the
close TO 81. 1854 for short ardSi.Tl IA =
for long bills. and posted quotations
early in the day We're reduced y cert,
TO $4.SSd4s9, by a leading drawer CaN
money also shaded of 10 III per cent.
Another encouraging sign was ar ac-
tive and advancing market for railway
and miscellaneous bonds.
The stock market opened irregular
with a sagging tendency, on the lower
London cables, but soon rallied on pur-
chases of both accounts and the reap
pearance of foreign buying orders. Lon
don. was at times a heavy seller of st.
Paul. The general upward movement
carried the list fractionally above yes
terday's closing figures. Rock Island
and Sugar gained IL per cent and 81.
Paul. Chicago Gas and Manhattan a
point. The market became dull before
noon on a declining movement or val
ues due 10 renewed realizations. About
2 o'clock extensive coverings OF shorts
and moderate buying OF London ac-
count took place, resulting IN improve
ments all along the line. Pressure 90
secure profits around delivery hour.
however resulted in a sharp reaction.
The closing was yeak at fractional
changes.
The total sales OF stocks today were
27s. $50 shares, including the following;
American Tobacco IA. 900; Atchlson 4. 400:
American Sugar IS, 1000; Burlington and
Quincy 25. 400: Louisville and Nashville
IL Loo; Missouri Pacific 4.100; North
western $500: Rock Island l2.s0o: ST.
Paul 5000: Western Union $500 Ss-
yer certificates S0.0e'.
Railway and miscellaneous bonds
were in good demand. and in most cases
advances were recorded. The heavi-
ness recently noted In some Of the mac
tive ISSUES was again evident, however
In this category st. Paul and ID exten-
sion firsts sold of IA per cent; Omaha
and St. Louis frsts trust receipts 4
per cent, and 81 Paul and Omaha con-
suls AZ per cent. The principal ad-
vances included Union Pacific. Denver
and Gulf rsts i u per cent. and Kansas
and Texas seconds. San Antonio and
Aransas Pass fours snd Iron Mountain
fives IL per cent. The sales were ST.
l27. 900.
Governments were les eactive but
higher, the new fours coupon touching
i145s per cent. The sales were So. 500.
Silver certificates were a shade lower
on sales Of $50. 900.
FOREIGN STOCKS AND MONEY.
New York. July 23.--Evenlng Posts
financial cabiegram:
IIondons--Stagnatioa continued on
the stock exchange today and the tone
vas duller Americans opened duh on
Efforts to depress the market made by
some erbitrage houses who were sasi
10 be short OF stock Prices quickly
hardened, however. and the close was
1uly a shade undsr the best The new
Burnah railway loan Is quoted AZ a
premium over .ssBep Tfcc. TIE coin
and bullion IN the Bank of England in-
creased this week e5. 600 pounds. TOO
pounds In god being imported during
he week from Australia The return
vas Otherwise fearless
The Paris and Bersia naTkets were
sGll
London. July z3--ClosinE--Con for
money 113 7-Is: coueois for ff3e acount
II3iz; Canadian Pacific IS: ne 14ak: Erie
irst preferred 5ol.; Illinois Central -.
Mexican ordinary 1874: g. Paul COM
non 7zs<: New York Central ssL Pena-
syivanla -: Mexican Central neE
ours c. Bar silver 5iis i per ounce
Money iG1iz pr cent Rate of discount
n the open market for three months
1iEs e per cent: for short bills s-1s per
:ent
London, July z7.-The Bank EnSiaad's
rate "a discount remains unchanged I
Il > per oeat
London. July zs----t ,. n1.---Coid n
I1o.ed a. BEeuo=c Ayrez a. ~ ~. Ez~
.r.d - =: Lisbon = \: Rome 1915.
LOANS AND CLEARESCg.
NeE York. July z3.---Eozssy On car Z
IL J-e- cent: Last iosa y per eeai. eioSes /
} PEI cent Prime nn~rcant!Ee paper l
as PER cent. s;e-isnz exchange stesay I
ylln actual business r. BANKERS blEs !
= t4ssi4Ga& FOR sszBssn nd sxs5 ts-s7S. 1
J IS for 50 DAYS. pDste3 rates s+-ssais /
nd - 50 fC5z. ccsn=eTcsSI bills Az
slve- certlscafsS sze 81 per ce1f
Bozrozl- Mas. Jaly z@---fs@ayl1Ss |
IzI7s. I5s. balances 81 gs9< AZ.
New York. JGiy ]---Etaa< csex-.1xs /
q 60. -. bz-zcces tsfF5 50.
TKEAsCRY OFFICIALS TAIz gfG
70 Bosd Isxse sn rresp-es ard 30 Danger /
of sect Thisg
S~z Yo-x- Jgiy @z-Th@ rwe-snx
49, ~sy. tE~ <s1---nst,ee sqf far-f~-, 4