The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-07-11

a
| Orders for That ACKNOWLEDGEMENTS
| the Feature-St. Paul the Active Excep-
| ton :. the Railway List-OpeniDg Dull
and FractionaIIy Hisher-CIose irregu-
lar at Slight Gains observation-disclosures.
New York, July 10-The trading in
stocks today was of holiday proper
tons, ordinary market influences being
G decidedly secondary consideration TO
the sensational political developments
at Chicago. The movement of prices
was irregular, but an improved tone was
impaired by higher prices Of Amer-
can securities in London and by the
execution Of moderate buying orders
for that account on this market. The
industrial shares were the feature. ST.
Paul being the only railroad stock that
could be termed active
The opening was dull and fraction
ally higher under the influence of the
London advance, and some covering
! demand from the shorts. Sugar rose
! q per cent at the outset, 10 1889 per
! cent In the ensuing dealings further
! general Improvements occurred. Su-
gar advanced o1091s per cent, Chicago
Gas gained rs per cent, Manhattan rs
per cent, New Jersey Central, Louis
Vile and Nashville and General Electric
! l per cent and Western Union and tn
! grangers q per cent. The volume of
! business was not large, however, and
about II O'Clock the unexpected agree
ment of $500, 900 in gold for export to-
morrow and rumors Of impending large
trE,s a
/ movement, in which the extreme losses
were in Leather preferred IL per cent
and Chicago Gas is per cent. The
downward movement was only Of brief
duration, and prices soon steadied IN
/ der the influence of moderate foreign
/ buying, chiefly Of Louisville and Nash
Vile The stocks named were bought
on the favorable annual report first
mentioned, published yesterday, and on
the good showing of the St. Paul for
the first week in July, reported today.
Soon after midday marked weakness
developed in the industrial group IN
che last hour the speculation came al
most to a standstill. The closing was
irregular, at slight gains generally.
The total sales of stocks today were
81, 5S5 shares, including: American SUI
gar 24.S00; American Sugar preferred
200; Huntington and Quincy 5,1OO;Louis
vile and Nashville $500; St. Paul 1910
Silver certificates $1,000.
Business in railway bonds continued
exceptionally dull, and sagging ten
dency was noted. The important de-
clines were in the usually neglected
issues. The sales were $637, 900.
Governments were dull weak and low
er, particularly the tours. which sagged
to 116 per cent. The sales were $4,000.
Silver certificates reacted TO SO per
cent on realizing orders. The dealings
aggregated $45, 900.
FOREIGN STOCK MARKETS.
New York. July 1O-The Evening Post
London financial cAIolegram: The
stock markets We're stagnant today.
Americans were a trif1e above the pari-
", but there was nothing doing, pend
ing the settlement. The continental
markets were correspondingly duh. The
report of the Union Bank of Australia
is just issued. 1t states that in con-
sequence of the great depreciation in
values of all classes of securities in
Australia, following upon the banking
crisis In 1S93 and of the great difficulty
in arriving at those values with any
degree of accuracy, it has been decided
10 ask permission of the shareholders TO
withdraw from the banks reserved in
funding a sum of a quarter of mil
lion as a provision for contingencies
REVIEW OF THE WEEK.
New York, July 10.-Bradstreet' fin
ancial review of the week will say:
London has been much less active
in our market during the present week.
Some disposition was shown by its rep
resentatives here to renew their pur-
chases when the market exhibited any
symptoms Of Weakening, but on the
whole the two markets were much
more closely upon parity, and the
opportunity for arbitrage dealings be-
tween them was correspond1ngly les
sened. A noticeable feature of the
situation has been the inactivity of
the investment market. Large cor
porations, as a rule, are entirely out of
the bond market for the present and
speculative issues have displayed a
weak tendency. There is, however,
a dmand for prime investments. offer
ings of which are absorbed by dealers
at concessions upon recent quotations
for this class of securities. The weak
ness Of the exchange market and the
absence of gold shipments is favorably
regarded. but had little or no specula-
tive effect. and the same thing may be
said of the crop prospects all the re-
ports as 10 the situation in that re-
spect being of a sufficiently encouraging
character to have created under Ordi-
nary circumstances more or less bull
ism feeling. The actual trading in the
market during the present week has
been or restricted scale and is con-
fined mainly to small professional inter
eStS.
LOANS AND Gle ARNGS.
New York. July 12.-M3ney on call
easy at 1IzG2 per cen;; LAST ian , per
cent: closed , per cent. Prime metCan-
tile paper 4G5 per cent. Sterling tx
change firm. with actual business; ban
kers bills at f4SSqtz for demand eri
s4S76L for sixty days. Posed rates
$4SSG1s and fSSt514>9.
Chicago. July '0.-~iearings siS 2JJ,-
7S2; money steady: OF call 80 per cent:
on time pr cent. New York eX-
change 80 cents discount Foreign ex
change steady; demand si.sS; sixty days
SS7.
DUN's TELLS THE SAME TALE
Deathly Dizziness. With Political Uncer-
tainty to Make IL Duller.
New York, July 1o.-R- 9. Dun &
Co.'S Weekly Review Of Trade, which
issues tomorrow. viii say: With a po-