The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-06-07
ENDS IN REALIZING
STOCK Market ENDS THE WEEK
HEAVY AND LOWER

Weeks Trading Furnishes Some Notable
Fluctuations In Prices-Granger and
Anthracite Shares Have a Mid-Week
spurt-EItensive Short Covering In
Some ACKNOWLEDGEMENTS In Silver
Certificates a Notable Feature of the
week-List Closes Generally Lower on
the week-Bonds Little Changed.
New York. June e.-The market open
ed fractionally higher with Sugar and
Manhattan most in demand and ecor-
ing the greatest improvement The
buying movement was soon exhausted
and under general proft-taking, prices
receded slightly below yesterdays clos
ing level. with Sugar making an ex-
ceptional decline Of 12s per cent. The
movement IN this stock was regarded as
in the nature Of a scoop as the gossip
regarding Il has been very bullish and
a slight advance in refined grades OF
the product occurred previous 10 the op-
ening Of business. Reading and North
ern Pacific preferred were prominent
IN the depression, owing to their con-
tempt and foreclosure proceedings. The
graagers and Louisville and Nashville
lost sharp fractions, the first mentioned
group being adversely affected by the
Kansas state crop report, which esti-
mated a decline Of % per cent from pre-
vious forecasts of wheat conditions.
Sugar received support in the final deal
ings and recorded only a trifing net
loss. The general market closed heavy
The trading Of the week was Irregular
OF movement with occasional notable
fluctuations IN prices. The early trend
was toward q lower level, but specula-
tive sentiment soon veered around and a
decided squirt upward took place. The
annual exhibits of the Rock Island and
northwestern roads were exceptionally
favorable, and a revival OF strength
and comparative activity n the anthra-
cite coaiers also contributed TO give the
market an appearance OF snap. Cover
ing OF shorts was noted On an extensive
scalefn some properties inside mani
pulation aided considerably. Foreign
traders operated on both sides Of the
market. The trading was exclusively
professional, despite weakness IN the
exchange and concessions in rates of dis
count. The speculative contingent
deal in s1uver certificates, the price ad-
vancing to 6s3s per cent, against 6sls
per cent, the last transaction previous
70 this week. The final days trading
revealed general realization and though
the reces5tons were not serious, except
IN one or two instances, the list gener-
ally closed slightly lower on the week
The aggregate sales were 57S,5S shares.
Railroad mortgages were neglected
today, but a fairly firm tone was ap-
parent on transactions OF 1896, 900. The
market during the week moved irTegu-
larry, with sagging tendency in the
are not especially noteworthy as a rule,
but Oregon Improvement frsts show an
exceptional loss OF ~ per cent. The
total sales were 81, 643 900.
Governments displayed f1rmness dur
Ing the entire day on moderate deal
inga The business footed up only SO,
100
Silver certificates displayed unusual
strength and activity on speculative
purchases and on increased foreign de-
naad. The price rose IL per cent, 20
Ss2s per cent. on purchases OF SO. lis, 900
with a later reaction 70 SO per cent The
exports OF the metal were on an In
creased scale.
NEW YORK BOND STATEMENT
New York. June 6--The New York
Finanoier says this week, regarding the
bank statements: The loss IN cash can
be accounted for in figuring the net gold
exports and the bank payments IN TO the
treatury, but on the other hand, the re-
ceiptS have averaged $3.0o0.000 weekly
from the interior, and treasury disburse
ments have also been heavy. The state
ments for several weeks past have
shown that funds were accommodating
IN New York, and this Is, therefore, 20
be regarded as favorable The further
payments OF government deposits into
the treasury will exert a Strengthening
influence, although the bank clearings
over the country shows that money Is
not n active demand 10 the extent Of
suffering rtaes, and n certain sections
the expansion OF loans was a bright
spot IN an otherwise dull aud fruitless
period The loans of the New York
banks have increased s51, ooo. 900 IN the
four months ending today, and the ex-
cess reserve has fallen So, 000, 900 In
round numbers but as the bond opera
ton figures largely N this change, Il
does not possess the Importance IL other
wise would