The Wichita daily eagle., 1896-07-29
PRICES STILL SAG
ROUND DECLINES IN THE N0TA-
BLES OF THE STOCK LIST.
Business Comparatively Active. Bat Not
Due to Commission Orders-Loodou .
Large Seiler-Improved DtssFibcs.oc-
Opening Weak ON Lower London Cables
for Infernationals-RaIlro Rate Cut
ting New York and Brooklyn Bonds
Don't go-Buriington' June Statement
-Bonds-The Gold Reserve

New York. July es--The stock mar
same as Monday. in point CT rs pro-
fessional character and the sasging
tendency OF prices The volume %
business was, however, fairly active.
judged by recent standards, but the in
creased dealings were not due TO COM
mission orders. London was fairly
large seller throughout The diSsEbu-
ton Of the trading was better than
usual recently and considerable at
tention was paid 70 some OF the usually
neglected shares. in every instance at
the expense OF values. The opening
was weak in response 10 lower London
prices for the International stocks nd
selling for that account in this market,
especially OF St Paul, and Louisville
and Nashville The initial declines
ranged Up TO Z Per cent. with Leather
preferred. exceptionally. dropping rs
per ceQt. to AK per cent Manhattan
at the low point attracted some cover
ing demand and rallied point. TO 9lA
per cent After the first fifteen min
utes The market became apathetSc. The
radical cuts N railroad rates IN the
south and west, the practical failure TO
float the several blocks OF New York
City and Brooklyn bonds offered yes
terday and today and the lack OF com
mission business at the declines. all
created an unfavorable impression,
which was not relieved later in the day
by the announcement that the pTinci-
pal rate-distur6er had been enjoined
from continuing the slaughter OF rates.
n. Dr. FT--r-
showing an increase in gross Of s237,-
136, an increase IN net OF $32 021 and a
decreased defdt OF S24. $40. was more
favorable than had been expected. but
also failed 10 create a ripple. The mar
ket continued feverish the greater part
OF the day. and the extreme low posncs
represented declines from Mondays 5
final figures extending 10 31s per cent IN
Consolidated Gas Sugar led the active
stocks with an extreme loss OF 2ss per
cent and closed at the lowest. The 9TH
er more important declines ranged
from is 10 2a per cent Chicago
Great Western dropped 2ix per cent,
TO 524 per cent, but rallied 10 per cent
Iowa Central preferred and Lake Erie
and Western preferred lost per cent
each and other specialues declined 10
a less extent
The total sales OF sticks today were
2l0.275 shares. including the following:
American Tobacco 1880: Atchison g.
600; Sugar 52.loo; Burlington 16. 200: Chi
cago Gas 100; General Electric $500:
Louisville and Nashville 400: Man
haitian 10.700; Rock Island 5000: st.
Paul 33.40o; Western Union 4s00:
Wheeling and Lake Erie $500: New
Jersey Central 1900 Silver certificates
1900.
Trading in bonds was dull, but marx
ed weakness prevailed generally. The
sales were Sass. eco The principal losses
We're: Rock Island debenture skies s%
per cent; St Paul and Sioux City firsts,
Toledo, St Louis and Kansas City
frsts truest receipts. Rochester and
Pfttsburg consols and Oregon Improve
ment firsts 3 per cent; Burlington. Ne
braska division, foJIrs 3Iz per cent;
Iowa division f0urs per cent: Peoria
and Pekin. union seconds 2Ia per cent:
New York Central debentures hyes q.
per cent, and Kansas and Texas sec
onds, Northern Pacific consol fives and
Reading second preferred per cent
Government bonds displayeyd marked
heayiness on dealings OF s101.e00.
Silver certificates were DUH but
New York. July 2S.-Money on call
easy at . per cent Prime mercantile
paper 6G7 per cent Sterling exchange
steady with actual business IN bankers
bills at 4sS1s q 4sS4 for demand; and
ASH. q 4s72. for sixty days.
Washington, July 2s.-Today's state
ment Of the condition 0: -he treasury
shows: Available cash balance $751;
793, I42; gold reserve s104. .707. .678.
BOSTON GOLD PAID IN.
Boston. July 2s.-The Boston banks
have deposited $500. go IN gold. IN Gddi-
ton 10 the more than s.. coo. 600 subscrib-
ed last week for the relief Of the na- zion
al treasury. 5. ". Holmes. cashier Ue
the Natick National bank. has notified
the Second National bank hat the
Natick bank proposes 20 deposit - per
cent OF its gold with the United States
assistant treasurer in Boston.
NEW YORK Markets