The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-10-27
MARKET WIDENS OUT
RECENT RECORDS OF ACTIVITY
ARE Exceeded, ALSO.

Sugar Largely Exceeds Any Other Stock in
Volume of Trading, Otherwise the Rsii-
ways Being More to the Front-Mzrket
Works Up to Aggressive strength In the
Late Dealings, In the Face of Dssap-
poin.ment From London ard Deprsss-
Ing Features In the Financial situation-
Foreign Stock Markets Steady.
New York. Oct 2s.-An recent records
OF activity were slightly exceeded today
and the market displayed a decided
broadening tendency, although Sugar
by far surpassed any other individual
stock In extent Of trading. With the
single exception OF the last mentioned
stock, the industrials were materially
outclassed in point Of interest by the
railway list. The market worked up to
aggressive strength, particularly In the
late dealings, although London prices
were disappointing and the foreigners
after early fairly liberal purchases took
TO selling. Other temporarily depress-
ing influences were etringency in call
money rates. ranging up to 10 per cen,
but closing at per cent, and an I'M
favorable exhibit Of the earnings for
September by st. Paul. The road men
toned showed a decrease in gross of
$204,1u and decrease in net OF 1884, 90.
The stock yieldel q per cent, TO 724s per
cent, on the exhibit, but rallied subse-
ouently to 1914 per cent. The general
sustaining factors consisted OF further
gold arrivals. increasing strength of the
resources of the banks and the general
expectation OF improvement in the finan-
cial and business situation. Purchases
by commission houses were on an In
ereasing scale, taking in the iow-priced
and in the specialties heavy covering OF
shorts stimulated the advance. The
coalers were active and averaged gains
of point, despite unsatisfactory trade
conditions reported. Western Union and
Manhattan were the early extreme
weak features, losing l and rs per cent,
respectively, but the declines were made
up subsequently IN sympathy with the
general market. The extreme advances
ranged between 1 and 8 per cent. the
last in Pullman. Sugar came next. ris-
ing 2% per cent, to lis per cent The
closing was strong with the highest
prices Of the day.
The total sales of stocks today were
262, 702 shares.
The bond market also exhibited q ten
dency to harden and the volume of bus
mess war larger. The more prominent
issues recorded slight gains. The sales
aggregated $1,s24.0o0.
Governments moved frregula-ly on
dealings OF $4,000. States issues were
more active at unimportant changes.
FOREIGN STOCK MARKETS.
New York, Oct. 2s.-Evening Posts
London financial cablegram:
The stock markets were steady to-
day. In the sc settlement in mines, begun
today. eDatangoes were not heavy. but
mines are the duilest mar
ket for the moment. Rates at the gen.
eral settlement tomorrow ar expected to
be sitter because o. dearer money and
not because OF the size of the account,
although Americans may show an in
creased bull position, consois. English |
rails and other markets closed good |
Americans were steady, responding TO
the rise in New York rather than to any
initiative here. The decline in French |
exchange on London Is due 10 the action |
Of arts In drawing money from her in
accordance with the recent heavy sales |
Of securities for French account. On |
the London market, the effect produced |
st last weeks Close by the Bank OF |
borrowing from the open |
marke; was neutralized today by the |
further release OF half a million jap
anese money. This caused an easing of !
n London time money rates. The Paris |
and Berlin markets were Arm.
n-% rAr
I0s $40: for the account los 7-l6; Cana
liam Pacific 5sls: Erie 10: Erie firsts pre-
'erred 34L: Illinois Central 95Z: Next |
AN ordinary 2oa4; ST. Paul common 70;
New York Central Sc: Pennsylvania
i3H: Reading 1874: Mexican Central
lew fours 6eH: bar silver IS I'D per
ounce Money 2isG2& per cent. The
ate Of discount in the open market for
short and three months bills "a per
.ent.
London, Oct 2s.-Gold Is quoted at
3uenos Ayres at 1880; Madrid 1925;
lisbon "a; Rome 107.
Amount Of bullion withdrawn from
he Bank of England on balances to-
lay As, 900 pounds; amount deposited s.
90 pounds.
Paris, Oct. 26-Three per cent rentes
Of francs s7E centimes for the account:
xchange on London Is francs 2l1: CEN
ines for checks.
Berlin, Oct 26-Exchange on London
light days sight 20 marks Sc pfennigs.
LOANS AND EXCHANGE.
New York. Oct 2s.-Money stringent
I sac per cent; last loan closed 5d6
er cent. Prime mercantile paper NOM
na,ly 7as per cent. Sterling exchange
teady WITH actual business in bankers
ills at S4.s4h d4s&1a for demand; A-Hk
l4M1z for sixty days. Posted rates
.s2G4s2lz and $4s5G4Ss. Commercial
Ills s4soIz. Bar silver ssh. Silver GER
Ihcates ssh @s51s.
BANK CLEARINGS.
New York-Clearings 81. 1es .143; bal
noes $49es. 300.
Boston-Ciearings Ho.s24.ss4; balance.
sos, o24.
Baltimore $1,s7e,7ss; bal
noes s25s.5es.
Phfladelphia-Clearin So. 2ss. s4s:
alances N4z7.f5s.
ST. Louis-Cearings ss.57s.sso: bal
noes $2s5. 7s3. Money sGs per cent New
DIRK exchange S-25 discount bid; 81 dis |
punt asked
New Orlean1Clearings :1,3274ss
ew York exchange. bank par; CONNER
al g per $1,000 discount.
GOLD RESERVE. L.
Washington. Oct. as--The treasury
day lost So 500 IN gold coin and SIs.-i
% in bars. which leaves the true
mount o. the gold reserve Sis. 90, AZ.
GOLD DEPOSITED.
New York. Oct. 1s.-The Rank oil
ritish North America has deposited at
ie sub-treasury $3.50. 600 IN gold for ex-
17frz fS<tn r-rsra taS be1r. d~n0<f.<H al