The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-10-17
BUSINESS Is LIGHT
SHARE TRANSFERS LESS THAN a
HUNDRED THOUSAND.

Sugar and 81. Paul Make the Best Appear
ance of Activity, the Former on FamIl-
lar Rumors of Refiners' Competition
and That Of the Foreign Product-To-
bacco's Ancient Rumors Revived-Coid
Imports and Engagements Furnish the
Stock of General News-Close Steady at
Slight Net Gains-Forsign Markets.
New York, Oct. 1.-THE speculation
in stocks today was perfunctory in
the extreme and with one or two eXcep-
tons the fluctuations in prices were
narrow. The only two stocks that
reached even comparative activity were
Sugar and st. Paul. The movement
was irregular. Sugar was depressed
early nearly a point on the cirmulation
Of reports OF a probable strong COM
bination Of interests opposed to the
American Sugar Refining company, and
the inroads that are being made by the
foreign products on the domestic ira de.
The first mentioned story elected EN-
phatic denial in usually well inform
ed sugar circles, on which a rally en-
sued Of Il per cent, to 1914 per cent.
The full recovery was not held, but
in the boards the impression prevail
ed that the traders had not succeed
ed in shaking out an amount Of long
stock commensurate with their outlay
Of energy. Tobacco was marked up is
per cent, TO 7e1a per cent, by the inter-
ests that have been identified for some
inn ~ 70 mn init r1gaf
was, as heretofore, a dearth OF news
regarding the basis Of the upward move
ment, but the old rumors of a probable
termination Of the fight between the
company and its competitors were
again pressed into service. There was
little or no news having a general bear
ing upon the market, aside from the
arrival of about 81, 625 900 in gold and
reported additional enga gements for inn
port aggregating $500, 900. The existing
comparative money stTingency was IL
Illustrated by several bank suspensions
in the interior. The monotony of the
market was to an extent relieved, how
ever, by the announcement of the ap-
pointn1ent Of receivers for the Bay State
Gas company. There was notable
lack Of excitement over this develop
ment, as the street considered it to be
more fully significant OF politics than
finance. The stock fell 81 per cent,
to Z per cent, on the news. The gen.
eral market displayed a, better tone in
the afternoon session. and the prices
stfffened all around to a fractional ex-
tent on the gold engagements and
strength of the wheat market. To-
ward the close an easier tone obtain
ed, with Consolidated Gas conspiccu-
Gus for decline of per cent. The
closing was steady at slight net gains.
The total sales of stocks today were
SO, 323 shares, including: American To-
baccoc, 400; Burlington, 300; Manhat-
tan consols, $500; Reading, 800; st.
Paul, 1900; silver certificates $4,000.
ealings in bonds were light but firm
ness was generally displayed, Louis
vile and New Albany cocnsol fives rose
per cent. The sales were 559, 900.
Governments were strong and frac-
tionally higher on purchases Of $685.
0oO
Silver certificates developed strength
and rose u per cent. to 6515 per cent, on
a moderate revived foreign inquiry. The
sales were SO, 900.
FOREIGN STOCK MARKETS.
New York, Oct 16.-Evening Posts
London financial cablegram:
THE stock markets opened duh to-
day on continued liquidation in mines
here and in Paris. There was a recov- /
cry later but the close was fiat on the
gold exports, consols falling TO 10S1s.
The continued gold Withdrawals are
all kinds of TumorS, Chief !
among which is that the bank may
raise the rate on Monday, unless a very
heavy amount of gold goes out and
which action will be surprising, as no
change has even been made so far IN
the selling prfcec for eagles. On the
last coca sion when the bank rate was
raised from 8 TO 4 per cent, the bullion
held was 10000 900 pounds less than 4
now. At the same time the bank now (
holds 1900, 900 pounds in Japanese mon /
ey, none of which was held on the oc- |
casion named. Americans were COM /
steady and closed firm The I
Paris bourse was fiat, but the close /
vas above the worst At Berlin the 1
market was weak.
BANK CLEARINGS.
Philadelphia, Oct. fG.-Clearings, s11,-
759. e9S; balances, S1.19z 40.
Baltimore, Oct. 16.-Clearings, s2,440,- |
100; balances. s4SO,663.
Chicago, Oct. 16.-ClearingS Sl4,504,- |
SIC; money scteady; on call 697 per
cent: on time, Z per cent. New York
exchange, so cents discount. Foreign
exchange steady: demand $4.S324; sixty
days s4s0a4.
st. Louis, Oct 16.-Clearings, S.
$40. 773; balances, ssI7, AIS. Money Gas
per cent. New York exchange. % dis
count bid; s1.00 discount asked.
GOLD RESERVE.
Washington, Oct 1s.-Today's state
ment Of the condition of the treasury
shows: Available cash balance. $685.
2S3. $50; gold reserve, s123. 95o.o51.
REVIEW OF THE WEEK.
New York, Oct. 1S.-Bradstreet's re-
view OF the stock market tomorrow
will say:
Speculative conditions have become
decidedly unsatisfactory. The Wall
street market this week has been mar
row and professional in quality and
nervous and unsettled in tone. Banks
have generally marked up loans and it
appears to be difficult TO obtain mon
" for speculative purposes. The IA
condition Of our foreign trade,
he export demand for cereals and 9TH
n products, has for the time being fail
d to stimulate speculative sentiment
Is they undoubtedly would under ordi-
la-y circumstances. The better feel
ng toward our stock abroad did not
result IN foreign buying. at
east on any appreciate scale. The
market here, in fact, has, apart from
he manipulation OF small professionals
n particular stocks, exhibited little
beyond the tendency OF the larger shorts
o cover and OF holders OF long stocks
o sell. the object il each case being
o reduce holdings IN the face Of the