The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-07-23

New York. July ss-The stock mar
ket today. although at times Irregular.
displayed cumulative strength. ending
n positive booyz-scy. The corssds-a-
tons bearing up prices were yar.ed. eas
the pivotal inruence was the conpre-
hensiye plans that are being formulated
for the protection o. the treasury gold
reserve The opening was active and
materilfy higher on the local and foreign
buying for both accounts and strong
market for American securities In Lon
don. The early successive announces
rnencs OF engagements OF gold for saip-
nent by toHso-Tow's steamer. agsre-
eating ss.cco. coo. with feeling OF dcsos
entertained in some c$rcies as 70 the
efficacy Of the efforts o. the banks 10
prevent the rapid exhaustion OF tia
treasury free gold. induced reaSzatsons
and encouraged the larger bear leaders
% attack the List Prices reacted IN
most Instances. the losses ranging up 10
Is, per cent in Leather preferred. The
other inaustrials and the grangers SUI
fered 10 the extent Of tmpo-srst f-ac-
tons. Up TO near midday. ina market
remained 0ever1sh. Chose TO noon. how
ever ruu,ors became current of irnpend-
Ing important developments on the bail
side. and finally IL was learned that =
meeting OF ali Of the representative
gold shlppsng firms had been called 10
take place at noon. at the office OF j. Il.
Morgan & Co Reports Of an authcrsta-
tive character obtained circulation To
the effect that the reealts Of the MIS-
sionary work OF the leading bank presf-
dents FOR TIE maintenance Of The gold
reserve would be more successful than
aiad hitherto appeared probable y
general upward movement occurred. not
only n stocks but in the bond markst.
where some so Sagtional deals had taken
place. and prices were carried IN some
cases to the best fgure~ OF the forenoon
A considerable amount OF buying for
long account was noted. as well as ex-
tensve covering OF shorts The market
continued firm In tone. though wisnou,
special change IN prices. until about
O'Clock. when 10 transTEred that the fer
eign bankers conference had been adj
tourned after the appointment OF a cos11-
mittee 10 formulate a plan. the outlines
OF which had been agreed upon proytd-
ing for a temporary ossSatton Of gold
exports VerEsng upon the closing
hour came also the Information that
the banks had began On deposit gold at
the sub-treasury in large sums and that
an aggregate Of 8. ooO. 90 would be made
by O'Clock. Under the cumulative
influence OF the Developments noted.
the market became extremely buoyant
and a Wholesale stampede or shorts oc-
CURED. carrying prices w from 70
per cent in She leading shares Tho
closing was at the top notch.
The total sales OF stocks today. were
22s 900, including: American 7s1hacco.
100; American Sugar. g 800. Burlington
"A. 100: Chicago Gas. 1890. Lougsxiiie
end Nashville. 1890. Northwesf. 500:
Rock Isand. 1890: 81. Paul. a. 80:
Western Union. ALEC.
The bond market failed % respond
full 10 the late aggressive strength n
the stock speculation and although
marked Improvement was recorded IN
the speculative issues. heayinczs was
discerued in the usually inactive mort
cages. The sales were sLV79soo
Governments ruled firm. and slightly
higher IN some CASES. on dealings u
$751; go.
SILVER certificates were In demand and
rose TO seis per cent.
Berlin. July 2-EsSchangc on London.
eight days SIGHT. 20 marks. 81 pfga