The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-09-12
PRICES WORKING Up
SPECULATION ON THE STOCK *
CHANGE CHEERFUL.
Tone I'm Financial Circles Growing BuIiish
Court Order In the Case of Southern
Kaiiways-Gratn Movement I'm the
Northwest Used to Bull The Grangsrs-
London on Both side. of the Market
The Forthcoming Bank statement
Geld Imports Cootinue, and the Forty
Millions Mark 10 ses.

New York, Sept. 11.-Although the
volume of business in stocks today was
| only moderate, the speculative temper
was cheerful, and prices. with momen-
tary exceptions. worked toward higher
plane. Outside buying. however, was
chiefly conspicuous by its absence. The
tone in financial circles IS becoming IN
oualifedly bullish, although the market
fluctuations were practically controlled
by a few OF the more important profess
slonsl dealers. who have recently been
playing for turns. with the scalpers fol-
lowing IN their wake. An encourag-
ing development was the news os
mandatory order from the court for
bidding the operations OF the reduced
rates put in effect by the Southern
transportation companies. The heavy
grain movement in the northwest was
urged as a bull argument on the grsnS-
els. and in most instances the traits
returns rendered We're satisfactory. As
usual recently, the attention OF the ar
street was largely turned 70 the gold
engagements and rivals In coRserya-
tive circles q 5 new believed that tn
$40. 90. 900 mark VIII be reached. The
lD1Ay Itttr4 sAPJNL @ts-tts-
600. and there was deposited at the
subtreasury s.. o0o. go. OF which sum 81
900 90 will accrue 20 the treasury geld
reserve. The actual treasury gold hold
inxs at the close Of business tomorrow
Will not be known until Monday. but
are expected 20 come close 10 sI3. ooo. 600
Rumors were current Of preparations
in London 10 ship about 80. OF. 90 ed-
ditional gold TO this country. The s:rse.
discount rate at that center today was
marked up = oper cent. but actual sterl-
ing rates for sixty days N this market
fell 90 - 81 i-2 On heavy increased Offer
ings OF commercial bills. win th- only
important buying being for eccognt OF
the gold importers Late 81 the day
call rasney rates were offered down 20
per cent, and The maximum rate %
the day.
London figured both az a buyer and
seller. The traders a. the close were
engaged 81 discussing re probable show
ing 81 the associated hanks tomorrow
The theory 81 ths; the resources OF me
banks have been EwelLe1 By about sls.-
90 go and shipments 20 the interior
ws-e shout 8 co GO. II s69itton. the
subtreas9ry transferred aooat s2.soo.-
90.
The extreme gains n prices extended |
from % Per cent n the general ils;. !
with Jackaranna. On Igzst dealings. |
rising per cent TIE closing zss
strong q. about Tire best prices os TIE |
day.
I'd. total safes o. stocks toszT yer. /
I7t 10 shares. i1clUainE: American t.
bacco. 800, American Sugar. - 70.
Burls1zro1 and Quincy. 100. Cheap \
Gas. 500. louisville and S<sarfIle. t.
co: Manhattan. 100: reading. 400: |
Ro-k 1s.s ~. $50. a. Pau. y. so. Ten
ne@see Coal and Iron, grH1.
Ralf-oas bozds z-ere Gz.e.. b1. r~-.
orally higher. o. ;raasartioas of sbou: 4
issseco
Governments wee iozrs- s,- .Ae nv
fou-s. with Other issues steady. TIE
t-&1sacfsoas were sGs.eo1
FOREIGN STOCK XATCEETS
New Tor. S~1t- i1.-E.vs-lnx Poztss
Lontoa anznc.Si cabJer-zra.
T-sis <0s sro:bs- Sat day in ;se s-nek
markets. On 9<z-s- r1oz~T sd 80 ID
that Re h4nz'. rate % atsccu-st nay ~
u .e~ cent asIt week Prices. bow
ever. clo=et above 80 vo-za and Wis
re szssT a more assured son@. cz-~sis
zsS othsr s1.-efg-t stocss nat1rzIsT
erD~renosi 90 shzrpesi Ia. -. o;sss-
raa-kei- ~yn2sthsz@d- ars Ea-s-s hsz
4 Ettis scare cn re disappointing -
salts from c--o i~Tei nsi5@. Arn~Etrzrs
we're dan C1tli Neg To-k pr1c-z ar-ss-
81. w. thew Sas = sap rssly. To-
c.o~e ~zs aeest ne bet Tae-- 3.
more bay1ng g eoa4z ke-e. aifA0zxs
rot -; 81 large s@Sie. T-ss cn.zsxe
ioaa "a cut tcalxAt Dstxl1s az as
sss1ss9 ys<ss-z-s- IL st.2 Ss4s - aar1sz II