The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-08-27

~ To- 4nokC nv oItnGE -
of Gold Imports and sterling Exchange
Makes . Further Siide-Later Certain
Business Failures and General Unfavor-
able Rumors From the World OF Trade
Depress the Market, which Closes ut
slight Lesses-How q Clearing House
Certificate Issue Has Eeen Averted.
New York. Aug. 2s.-The stock mar
ket again today reflected chiefly the
operations OF the board room scalpers.
The movement Of prices was Irregular.
with a narrow range, and only three
stocks reached a fair proportion in point
of activity. They were Sugar, West
ern Union. and ST. Paul. in the order
NAMED. The second mentioned stock
wa spartly affected by bear runors OF
recent heavy investment selling. which
were denied by a member OF the execu-
tive committee after personal inves-
tigation Of the transfer books for the
past month. The announcement OF the
formal assignment OF Hilton, Hughes
& Co. barely created a ripple. owing 10
Lie 14fliOSS SG44CA6 al PASs-OtS
edge of the firms Iong-continued pre-
carious condition. The street receiv-
ed with almost equal equaninity the
news OF a further gold import order
for $4,000 from Europe and reports
of a probably steady inflow OF the
metal. After the close of business. IL
became known that the situation had
rather suddenly improved TO consid-
cradle extent and that about 100000 or
$500 900 more than mad been previous
ly figured upon. was on the way TO this
country. A reason for the pronounced
weakness in change also developed late
in the day. There is excellent author
ity for the statement that the recent
sharp cuts in transportation rates nave
made practice BILE sales OF many million
bushels of our grain TO Europe. Ex-
change has begun 10 be, and will con-
tinue TO be, drawn against the ship
ments, and gold imported. n large
proportion of the gold will be deposit
ed in the sub-treasury in exchange for
legal tenders and the legal tenders
deposited in the banks by the gold i'm
porters In this manner IL is expected
with considerable confidence that the
issue Of clearing house loan certificates
have been avoided. Actual rates for
long and short bills fell sc and &c res
pectively, 10 $4.S3 and S4.s4G4s4A Post
ed quotations were also sharply re-
duced. The stock market sagged on
reports OF mercantile suspensions at
various points and unfavorable general
rumors. after early fractional gains in
cidentaI to the gold import news and
the drop in exchange. The speciafies
were conspicuously weay on discourag-
ing trade conditions. The closing was
steady at trivial losses. Baltimore and
Ohio fell an extreme 6 per cent and LEFT
off points below opening figures
The total sales of stock today were
2s5. 1865 shares. including the following:
American Sugar. $500; Burlington and
Quincy, $500; Louisville and Nashville
4.sOO: St. Paul, 1880; Western Union,
1880; silver certificates $500.
Bonds were dull and worked lower.
The losses were slight, however. except
in a few instances The sales were
$3.50. 900.
Governments were firm and slightly
higher for the new fours, on purchases
of s31. 900.
| Silver certificates were in demand
and gained Is per cent on sales OF
s3s, 600.
New York, Aug. 2s.-Money on cal
J firm at 5GS per cent; last loan s, closed
e per cent. Prime mercantile paper "a
IS per cent. Sterling exchange weak
with actual business in bankers bills
at $4s41a for demand and s4s5Q4s3i.
/ for sixty days. Posted rates As4d
4s5Iz and $4sikQ4s7. Comercial bills
s4S3k. Bar silver SOS per cents. ISL
yer certificates 6s7sG671s per cent.
Philadelphia, Pax. Aug. 26.-C1ear-
ngs, $7.ss5. s35; balances 81 .45.ooo.
| Baltimore, Nd. Aug. 26.-Clearing,
s. SIC 900; balances $3.50. 900.
| Chicago, Aug. 2s.-Clearings. S1o.s55-
o2s. Money tight: on call 6Q7 per cent
on time Z per cent. New York excha ngs
s1.25 discount. Foreign exchange weak
demand sis4iz: sixty days s4s3k.
New Orleans. La, Aug. 25.oClear
ings ss14, Do; bank $50 premium; com
mercial, par.
| AMERICANS IN LONDON.
London. Aug. 2s.-Closing stocks: Cor
suls for money l13 lis: for the account
lib Is; Canadian Pacific, 5s SIS: Erie
u: do. firsts preferred q; Illinois Cen
trail So; Mexican ordinary 1871; ST. Pau
common s5i4; New York Central 81
Pennsylvania 61A Reading, 3iz; Mexi
can Central new tours ssh. Bar silver
30 1i-16d Per ounce. Money y per cent
The rate Of discount in the open marke'
for short and three months bills I pei
cent.
THE DISCOVERY SAVED HIS Lift
Mr.. G.. Caillouetts. Druggist. Beav
Z