The Wichita daily eagle., 1896-09-10
ENDING In A RALLY
SHARES IMPROVE LATE ON THE
EXCHANGE SITUATION.

and Wide Variations - Sugar and ST
Paal Figure for Nearly Half the Busi-
ness, Dividends Being in the Figuring
Money Reacts to Three Per 1ent-Com-
nsreiai Paper Market Improves
New York. Sept. 9-The stock specu-
lation today again reflected professional
manipulation 20 a large extent. although
some commission house buying was also
noted London was again an uncertain
factor, figuring on both sides OF the ac-
count The movement OF prices was IL
regular and in a number ot instances
the variations were wide. Aside from
Sugar and St Paul. which jointly hg-
! ured for nearly one-half Of the aggre-
gate dealings, che trading was fairy
well distributed The bullish infiu-
enceS included the declaration OF the
regular quarterly dividend on Sugar
and Western Union and the statement
! of the last mentioned company for the
I quarter, rumors OF the probable decla-
ration OF an extra dividend on the COM
( mon by the St Paul directors at tornor-
| rows meeting and, in the day, a break
/ in foreign exchange rates and a reac-
/ ton in call money 10 per cent Ad-
! ditional gold arrivals were reported,
and the sale by the Bank Of England
OF s., ,120 600 In gold. presumably for ship
ment 10 this country The adverse
/ developments include the failure OF an
/ important financial institution at New
! Orleans and the suggestion that. as a
| result OF the heavy dealings for gold
| both on continental account and for
| shipments to this country. the Bank OF
/ England might raise its minimum rate
| OF discount Aside from the conditions
referred TO, improvement in the market
for commercial paper was noted. On
/ the other hand, the shipments OF cur
rency to the interior. principally the
| west, are on a heavy scale and offerings
or time money are limited
The opening was characterized by re
newal OF the upward movement that
had been in progress at the close yes
terday and tn volume OF business was
on a fairly large scale. The strength
OF the market continued until the mid
/ die OF the day, when the realization
caused a reactionary movement Mean
time the gains in the active list had eX-
! tended TO S-s per cent in Manhattan,
while IN the inactive specialties Lake
Erie and Lake Shore advanced 3-i per
cent. In the downward movement Chi
cago Gas sold off an extreme per cent,
10 So per cent Sugar dropped IA per
cent, Tobacco 2 per cent Manhattan
1@1 "a per cent, General Electric l 3-f
per cent and the grangers l4l S4 per
cent, the last in Burlington Western
| Union had risen another IA per cent, 10
SO IA per cent, but receded 10 yester-
days final in the general slump. The
quarterly statement. though fully as
favorable as had been anticipated, fall
ed TO exert any influence upon the price
of the stock. On the downward trend
the market became dull and continued
heavy until about delivery hour. when
the break in exchange caused an i'm
proving tendency. resulting in fractional
gains all along the line The move
ment was facilitated by covering pur-
chases. The closing was dull but very
steady at the rally. with prices show
| ing irregular fractional changes.
Total sales OF stocks today were 23s,-
452 shares, including the following
American Tobacco :. 400; Atchison Loo;
American Sugar 81. 400: Burlington and
| Quincy Is, 100; Chicago Gas II, 400; Gene--
al Electric 500; louisville and Nash
vile 1900; Manhattan 1900; Reading
s.70o; Rock Island $500; St Pau A.4eo;
Western Union 400.
Bonds ruled firm and higher on deal
frsgs of s29S, 600. The governments dis
played continued strength and rose
fractSonaEly on sales OF 10000. Silver
certificates Were steady on sales OF 5000
at g..
DIVIDENDS DECLARED.
New York, Sept 9.---The directors Of
the Western Union Telegraph company
declared the regular quarterly dividend
OF IL per cent, payable October Is.
Transfer books closed Sept -. The
statement for the quarter ending Sept.
so, September estimated -: Net reve-
nues 81, 500, ,ooo; interest on bond and
sinking fund s243. 600: balance 81 $50. coo;
dividend OF Ia per cent sl,lsl. $50: sur
plus for the quarter si64.54o.
New York, Sept .9---The directors OF
the American Sugar Refining company
have declared lie regular quarterly
dividend Of per cert on the common
and IA per cent on the preferred STOCK
FOREIGN FINANCES.
London, Sept e--The Bank Of Eng
land has advanced the price OF bar gold
to 7ss. American eagles are w
changed Withdrawals Of gold from
the Bank OF England today were $4,000
pounds and 126.coo pounds m bars. for
the continent and Egypt. respectively.
and 170.ocS pounds n American eagsss
for the United States; total 42S.oJe
pounds
New York. Sept s--The bank Of
Montreal has deposited sl00. 900 In gold
al the sub-tneasQry an exchange for le-
gal tenders
LOANS. BONDS AND CLEARISGS.
New York, Sept s.--Money On call
firTner al s per cent; prime mercantile
paper, nonzlaEy, 7aS Per cent; sterling
exchange steady. wzh actual bussncss
II bankers bills at 81. .s4a4-sii< for ce-
rnand and - 4s2ixa4s37& for SKY days;
silver certificates s.: sales 1909. bar
silver So: Mexican dollars SIN: govern
ment bonds. strong: new fours regi-t@r-
ed lisa: coupon 1ls1&: fves re<sts-ed
1I0l.: coupon uoI.: tours re<ssne-ed
Ios-; coupons 1914: tv0s TsSEsaeTcA
81: Pacific &res OF 81 $50
PhEsdesphia, Sept. s---CIes-ings ;s,-
177.144; balances s. .2l7 .54s-
Baltimore. Nd. Sept s-Clearings
g Oi7 .074; balances s55I-2SL
ST Louis, No. Sept s--Cl-arin<s 81
sSs, So; balances S57s. 80 Nooey 5ss
per oent call. and 7zs Per csnt tine
I1arSs New York exchange si9 c2S
cOu1t BID; ;1-oa par ASKED
AvafiAbIe Grain sGpplfes.
New York, Sept s-syecssl cable and
teleyrsphssc dspxtc5es TO B-zdst7e>ts
covering principal points q scc1rnu-
tzrion. indicate ne soEoFing cazrges IL
zve{labi= suDpli-s Iss- Saturday. as
con pared win he pr-cstDS Saturday:
Wr-Hzr--T-r--ez1 E-a.ss z-~t t-1cz1z