The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-10-31

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siveiy Strong and the Close is at the
Days Best Figures-Monetary situs-
GO ut the Openin. to 6 at the Close
Ranks Form y Tide-Over Pool
New York, Oct 3o.-The prevailing
; monetary conditions were again the don,
mating Influence n the stock market to-
day. The rank and file OF the traders,
figuring upon even more stringent rates
were prepared to see decline in stocks
today. The actual movements, how
| ever, was aggressively strong, the course
OF prices being governed by the early
intelligence received by powerful specu-
lative interests that a combined effort
vent rates rising to point likely TO pre-
cipitate disaster. London prices for
! American securities came higher and to
this favorable development was soon
| added the inspiring semi-ofhcial news
| that number Of the leading banks and
| trust companies had pooled their sur
| plus revenue resources, estimated abou.
at $4,000, 900 to s20, 900, coo, and would put
out as much money as might be needed
| by legitimate borrowers, though at rates
not dow enough to encourage boarding.
! The extreme fluctuations in call funds
ranged from 60 per cent soon after the
! opening to 6 per cent at the close. In
addition, the bank syndicate, Or pool.
loaned money for three days transac-
\ tons at 100 per cent, equivalent 20 So pes
cent
Business was we'll distributed, with
! Sugar leading in point of strength and
| activity. The stock scored an extreme
| advance Of AZ per cent. to 11512 per
cent. The rise was partly attributed to
the covering of shorts based upon report
ed improvements in trade conditions.
The American Sugar Refining company
was today reported week oversold on
the refined grades Of the product. The
low-priced shares attracted attention on
the part of commission houses and cash
buying Of odd lots of the high-priced
stocks were also reported. Foreign pur-
chases were also made in this market
Although the market was very dull at
intervals, the bulls met practically no
opposition in advancing prices. Aside
ed up to 31s per cent, the last in st. Paul,
and the upward movements, aside from
a temporary halt late in the day, was
steadily continued. Chicago Gas rose
pa per cent on a report that dividend
OF IL per cent would be distributed on
Nov. Is, and also a further distribution
of IL per cent on Jan. Is next. The
market closed at the highest prices of
the day.
The total sales of stocks today were
1896 shares, including: American Su-
gar, $500; Burlington and Quincy, A.,
800; Chicago Gas, IL 800; General Elec-
trio, $500: Lake Shore, 5000; Manhattan,
1880: Reading, IS, 200; Rock Island, 400;
st. Paul, 23.400; Union Pacific, 1890:
Western Union, 800; Southern Railroad
preferred, 800; silver certificates, 10000.
Dealings in bonds were on an increas-
ed scale and decided strength was dis
played. The Reading and Atchison is
sues were the most prominent, both in
point Of activity and advance The sales
were 81, 335, 900. The gains ranged be-
tween l and 25s per cent, the last in
Reading second incomes.
Government new fours rallied sharply,
with other issues unchanged. The sales
aggregated s33,0
Silver certificates were firm on deal
ings of $4,000.
LOANS AND ECHANGE.
New York, Oct. 30.-Money on call
easy at 64l0 per cent, regular, and at
the rate of 100 per cent per annum for
three days sight; last loan closed offered
at per cent. Prime mercantile paper
nominally 71aG10 per cent. Sterling ex-
change irregular with actual business in
bankers bills at S44S12@44S% for de-
mand and s4S1R@4S1S4 for sixty days.
Posted rates, s4S2G4S21a and s4S5k@9
4S6. Commercial bills, S4.S0d4 .S01. Bar
silver, 641s: silver certificates, 65Q651a.
BANK CLEARINGS.
New York, Oct. 30.-Clearings, sss, $751;
So; balances. 81, 939,551.
Boston. Mass, Oct. 30.-Clearings, $12,-
C3s.579; balances. S1,34l ,076.
baltimore, Md, Oct. Chickering's, ST.
091.677; balances, s443,Sl3,
Philadelphia, Pa, Oct. 30.-Clearings
81 922, 6s2; balances. s1,343,094
st Louis. Mo-, Oct. 30.-Clearings. So
S73,0e5; balances, S169,00S Money Gas
Ter cent. New York exchange 81. 90 dis |
count bid; IS cents discount asked
FOREIGN STOCKS AND MONEY.
New oYrlz, Oct 30-Evening Posts |
London financial cablegram:
The stock markets were fiat TODAY.
the weakness centering in Kaffirs, which |
were steadily pressed for sale from Par |
is in view of the monthly settlement ap- |
marked by very heavy fall Ameri- I!
cans alone were good, the market here /
responding TO the squirt in New York 1
and closing at the best. The business !
here is practically confined to option |
dealings, an average of s. being paid for /
single and So for double options after |
the election. The Paris bourse was very
Hat with panicky fall in mines. main
y due to the gloomy views held there
as &c the deep-level gold mining. The
Berlin market was dull
London, Oct. 30.-Consols for money
losH: fer the account 5-ls; Canadian
Pacific 5s:Erie 141s; Erie firsts preferred
S2i2; Illinois Central IS; Mexican or
binary 20Ss St aul common 1873; New
York Central "a; Pennsylvania 534; Mex
can Central new fours $50: bar silver 50
5-lSd per ounce. Money 3Iza3ss per
.eRt. The rate Of discount in the open
market for short bills 81. per cent. Three
months bills 3is per cent. Gold is quot
ID at Beunos Ayres today at l7s; at Ma
irid 1925: Lisbon 81. Rome los 90. |
AMOUNT Of bullion deposited in the Bank
# England today 2o.6t'9 pounds. The |
,arlx today sold 10000 pounds American
agies Bar gold is quoted az as lid.
Paris. Oct. 30.-Three per cent rentes
OF 57i.c for the account; exchange on
london 25f 2lc for checks
berlin, Oct. 3e.-Exchange on London
igAt days sight 20 marks Sc ptsanigs-
BANK OF ENGLAND RATE.
London. Oct Se.-Tha Westminster
Gazette this afternoon discussing the
insnctal situation, says:
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