The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-10-04
RECEIVERS AT LAST
BANK STATEMENT HELPS OUT THE
STOCK MARKET.

Market Closes Steady at Trivial Net
Chanses-Susar Lacks Inside support
Tobacco ID Marked Up-Review of the
ness and Confidence and of Comparative
Indifference as to Whether the Gold
Movement Keeps or Not-For<isn Fin
ances-The Bank Statement
New York, Oct s1The Dealings IN
stocks today were on a moderate scale
and in most instances the fluctuations
were narrow. The distribution OF bust
ness was Indifferent The market opened
weak and lower on a renewal OF bear
pressure, especially against the grangers
and high priced irsiustrials, and some
realzaIions Sugar yielded an extreme
IL per cent on reports OF further re-
ductions in the prices Of the refined pro-
duct and predictions OF impending cuts
The trend OF the grades OF the fore 81 pro-
duct still appears 10 be toward lower
level There appears 10 be no support 10
the stock by the powerful inside interests
Tobacco was notable exception 20 the
general tendency and was marked UP on
NAtC A4lcT Ill gan VI .
per cent. the stock scored a further gain
OF . per cent on the late options and re-
tanned all but a fraction OF the improve
ment- The market soon Quieted down
and a gradual recovery took place in the
last hour, which was to an extent stimu
lated by the publication of more favor
able bank statement than had been ex-
pected- The closing was steady al trivial
net changes.
The total sales OF stocks today We're 81
4Si shares. including: American Tobacco
800; American Sugar $40; Burning ton
$50; Reading i, SO; St Paul l3VU; LOUIS
vile and Nashville 4.e1v; silver certificates
15.C0.
The bond market ruled dun and slightly
lower for most issues. The aies were
$il5. 900.
Government bonds were weak and lower
for the new fourS On sales OF $500 The
other issues were steady.
Silver certificates were slightly irregu-
lar, but closed unchanged on transactions
OF $50
WEEKS REVIEW.
The market of the week displayed ir-
regularity and a sagging tendency on bear
aggression and efforts by soS-out bulls
TO create a reaction The man unfayor-
able influence was a frmer market Tor
foreign exchange In spite OF the reac-
tionary tendency OF prices. the temper N
financial circles was more cheerful, con-
foenee being stimulated by advances n
prices in various lines OF general trade ana
In breadssuffs and other food products.
Despite the considerable appreciation OF
wheat and corn that has taken place, IL
showed that a continued, though perhaps
more moderate, fOr&gn demand exlSls.
The imports OF gold from Europe have
reached 50 large an aggregate that tenn
porary cessation Of the movement Is re-
garded with comparative indifference, and
the relaxation OF the recently preVa1lng
financial stringency facilitates and in
spire5-the resumption OF commercial &C
t4vity. Accordingly, slight sunenins
In call money rates toward the close OF
the week. induced by the heavy snip
ments of funds TO the interior for crop
moving purposes has failed 10 create IN
easiness. The successive advances In ex-
change rates brought actual figures for
long and short bills 10 81. SSl,I4Sl5, while
posted rates rose 70 extreme S4.s+a
1891. The dealings were less profess
sioIal than heretofore, and the market
for both bonds and stocks at this ex-
hi5ited a decided broadening tendency.
Some unfavorable effect was caused by
unfavorable traffic returns. Commission
house buying or low-pT1ced shares was
something OF a feature. Coverings OF ex-
tensiVe lines of shorts was noted, but at
the top levels the market displayed some
nervousness, partly as a result of profess
sional operations. The tone OF the mar
ket at The close was fairly steady but
with most stocks showing declines
The bond market during the week moved
in sympathy with the fluctuations in
stocks. but toward the close displayed
SIuDDOrDcSS OF tone unQSl aptdChS. ne
Reading issues were the features.
Governments were moderately active
and held fairly steady on investment IN
Quiry. The sales were $i52,0o.
Silver certificates Were quiet and with
out special change. on sales OF $1,000.
FOREIGN STOCKS AND MONEY.
London, Oct 3-Consols for money 1l0i4;
consols for the account ia; Canadian Pa
cine 5sz4: Erie 143s; Erie firSts preferred
25lk: Hnnois Central "a; Mexican ordt-
Central IS: Pennsylvania 53a. Reading lols:
Mexican Central new As $50; bar silver
% sid per ounce Money 1h&plk per
cent. The rate OF discount In the open
market for both shorts and three months
The amount Of bullion withdrawn from
the Bank of England on balance today
fJ000o.
at 1880; Madrid lS.25; Lisbon 81; Rome
paris. Oct. a-Three per cent rentes
i01 frame 50 confines for the account Ex-
change on London - francs 16a centmes
Berlin. oct. 3.-Exchange on London S
days Sight % marks 3sla pfeDnigs.
THE GOLD MOVEMENT.
New York. Oct S-The exports of specie
from the port of New York for the week
silver. The imports were: oGld. VICE.
II; silver, $3.50: dry goods. si.3S5. Sc:
general mercha ndiSe -. u. lSl-
New York Oct S-The steamer Victoria,
which arrived today from Hamburg.
Southampton and Cherbourg, brought a.
-. o1 francs in gold.
Sew York, Oct 3-Iazar6 Freres have
deposited at the suo-tTe2sury $1,000 In
gold
washington. OCT 3-ToSay's statement
Of the condition OF the treasury shows:
Available cash balance. $40. *. sl3. gold
reserve, So. 75S. d.
N-1fytr I-nr,Lr rsAN-x- crrArE-Srr-r
New York, Oct 3-The weekly bark
statement shows The following changes:
Reserve. Increase S.3lo.c1o. loans. increase
3 3D. SO; specie. Increase 81, go ~: legal
crease > 81. 40; circulation, Increase XII
so The banks now hold Us SS2IS IN ex-
cess of the requirements Of tbs = Per
cert rule.
rancisr says tbs week. The statement |
or the clearing -bolse banks OF New York !
for The week ending Oct 2, f. the most |
favorable ISSUED in weeks For the first
time since August =. tho deposits o. the
banks exceed the loans. and the latter /
Item shows an expansion q &.s4.sG |
which CONES after = ten weeks steady |
during which the total
shriukage was about 80. 90. The ia axs /
total cash reserve at the end of the cur
rent week stood a. SD. 81 30 showing q !
tain IN one molth Of Sis,Et.go The sur !
plus reserve - SSS9.ooS higher than FOR /
the corresponding week Ia TS25. which /
shows that the starding os the aESociat- |
FL banks At present - quite normal !
With two or three uutInportart sxcsp- |
tfols, the reserve Of an ths clearing
banks - now apprec1zoiy above the 3 /
Per cent requirement.
LOANS AND EXCHANGE
New York Oct 1--Socn- MCzey o. call /
s-cz3y az 3 Per cent; prime mercantile |
paper. si-1-sz Per cert. sterling excha1gs.
frul with actual business IL bankers LIS /
e 81 =. "a XII for demand and - s574 ~ !
foT SKY days; ba- silver. sac. NeI5can /
LO-lsrx. 5De-c. safe bous.s inactive: rzfI-
road bonds. easier. government bonds. |