The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-07-12
DOES PRETTY WELL
CONSIDERING THAT IT Is on A
HALF-E0LIDAY.

6o4aCo1 L-@oOe-s NAbAOAA DS(Aucf
However-Activity Renewed Later and
the Close StronS-Bonds-Rsyis
New York. July 1.-The stock market
today was fairly active for a hsIf-hoI-
day. Considering the recent average
records OF business. and strong tone
prevailed. The local dealers took their
cue from higher London prices and
worked for a higher range and with
considerable covering demand decided
improvements occurred The grangsrs
were helped by the favorable character
of the monthly government crop report
and the market generally rfectd relief
over the fsilGr Of the runo-s OF pros,
pctive large gold exports 10 mat-3aEze
thus FAR. The opening was strong and
higher, with frac tional improvements
generally, and , degree o. buoyancy
soon became apparent, particularly in
the spscialtiss. Large blocks OF stocks
changed hands and Sdvances were re-
corded. extending in Chicago Gas TO :
pr cent The animation soon modsr-
ared and TIE market became duh though
still retaining, and in some cases i'm
p&ON 4AAS NROL tAA- EeA144- N1Nl4AAC
commission house purchases OF various
stocks were noted Renewed activity
and increased strength characterized
the final hour Manhattan gained pa
per cent. ard Burlington and Rock Is
land scored material gains. the last
mentioned ADVANCING IL per cent. % "a
per cent The market closed strong o.
not far from the best figures.
The total sales OF stocks today were
1915 shares, including: American To-.
bacco. $500; American Sugar. $500;
Burlington ana Quincy. $500; Chicago
Gas. $500; Disabling and Cattle Feed
ing, 3.le0; Louisville and Nashville. g..
500; Rock Island, 500; St. Paul, %. 500;
Tennessee Coal and Iron. $500.
The stock values during the week
moved iIregularly and a considerable
restriction OF business occurred through
the intense interest manifested over the
Chicago convention. The local dealings
were shaped largely by the attitude OF
the London operators IN American Sc
curities and the sJeadiness while the
political news was received at that
center has ben sustaining influence.
The home market. fhowevr, was almost
narely in the hands OF professional
traders and displayed nervousness, re-
spending quickly to favorable or dis
courSging news. London's purchases
IN this market ware not particularly ex-
tsnEive. Movements OF decided inter
est occurred IN som instances, special
ly In Sugar, which appeared to receive
inside support ar the low level. 4
sagging tendency becam apparent in
the exchange market during the first
half OF the week, which had steadying
l,,<
ing the belief that gold shipments for
the season had run their course. Ex-
change subsequently stiffened, under de-
creased offerings OF security bills and
a falling Of of the supply OF commercial
exchange n shipment OF $500. 600 In
gold, sent to Germany, part today and
part on Tuesday. came as a decided
surprise 10 the street and induced some
selling on the theory that the engage
ment forshzdovy reStlce ''specula tiOn''
exports Of the metal on a large scale.
The assurances received from pToZni-
nent exporting houses thatethey had TO
gold orders, together with a treasured
sentiment regarding the political out
look. causd an active and strong market
toward the close. The final prices
" ere materially above the low figures
ard recorded fractioaa net gains a a
rule. Some Of the gains were substantial.
The aggregate sales were 74s, 321 shares.
Railway bonds were dull today and
lacked feature, aside from q generally
firm tone.
The market during the week exhibited
q sagging tendency, sympathizins with
the movement IN stocks The conces-
sion In the prominent speculative is
sues were unimportant, as a rule. but
some material declines occurred n the
usually neglected issues
Govrnment bonds were moderately
ective and were under continuous pres
sure, with the new issues reacting 70 1le
per cent The sales were 1890, 900.
Silver certificates were slightly lower
realizing ordrs. which carried the price
down 70 es per cent for sales OF $4,000.
NEW YORK BANK STATEMENT.
New York, July 1.-THE New York
Financier says this week: The state
ment OF the clearing house banks for
the week ending July II shows gain OF
81, 9o9. eco in the reserve. Since the tn
terror movement FOR the week was light
CT than usual, the balance. after de-
Quoting outward shipments. having
been not over 81. 000, 900. II rs plain that
the gain came from sub-treasury move
II ents and the shifting incident to the
July divident period. In no other way
can the heavy increase n cash and de-
posts be accounted for. TIE period OF
heavy interior shipments is about over,
and it VIII be only short time now IN
til the demand from the western banks
vii be a factor n eauzliz.ag the situa-
ton. Up 70 the present tine however.
this demand has besn light, and the
business done has ben much less than
expected AS exports are now heavy
and az there g a great falling OF IN IN
terror funds the outlook appears 70 Be
IN favor OF q rather quiet market, gov
erned by local demand FOR reoleuish-
ment OF loss due 20 operations CT inter
Tor banks. II "a yet too early 20 note
the effects. Il any, q the Chicago con-
vsn-ton.
81 Louis July 11-CIea-ings sz.s7s.-
So: balances 1854, ss1- Money s9S Pc
cent New York exchange = PR ce--
discount bid. par asked
WEEKS EFFORTS AND DPOPTS.
New York. July 1.-THE exports OK
specie from the port OF New York fo-
The week amour ted 20 $ll5. 7sz n gold
ard q, 403. ~ N silver TIE imports
were gold 81. AZ: silver $3.50; dry goods
8. 50 S5s: general merchandise ;s,sS9.-
"a
NEW YORK MARKETS
Nex York July I-Wheat--Rs-