The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-09-05

| and Deposits Thereof With the Govern
| ment Custsaians.
New York. Sept. 4.-The stock msrke;
| today was uniformly strong and a mod
| crate volume OF business was well dis
| trfbuted. Sugar led the Est in point o..
activity and gave tone TO the general
| speculation on the evidence OF manipu-
lstion upward by the powerful inside
| interests in the property. London was
also a considerable factor, turning 10
| the bull side after its recent persisten
selling. The operations from this quar-
ter. as wei as the domestic dealings,
had. however. a strong professional fia-
vor. An encouraging development also
was Increased activity and produced
strength in the railway bond market on
investment purchases. being held by
the traders TO foreshadow continued
strength in the better class of stocks.
The speculation is still held in cheek,
however, by the closenesS OF the time
money market. Further arrivals OF
gold from Europe were reported, bring
the total amount received since tire
movement was inaugurated UP 10 $500.
900. OF the $3.50. 900 received today,
81. 750. 900 in coin was deposited at the
subtreasury in exchange for legal ten
ders, $50. 900 in gold bars vas placed
in the assay Office and the balance was
deposited in various banks. The mar
ket appeared to move upward in fairly
bIoyant fashion, despite the continued
publication Of discouraging traffic re-
ports. business disasters, and the ap-
parent contest between the railroads
in various parts OF the country, in the
south and southwest. to see how much
money Will be thrown away in compe-
tftion. The opening was strong and
fractionally higher on the improvement
IN London quotations and covering OF
shares for that account and for local
dealers. The internationals and gran
gers were in chief request in the initial
trading, with sugar and Manhattan
also contributing measurably to the
dealings. Reading was dealt in. third
assessment paid, and touched IA per cent
at the outset. As the forenoon pro-
gressed the bull movement assumed
greater proportions and extended to
number of the low-priced shares and
the specialties. The coalers display
ed continued aggressive strength on
moderate transactions, Reading rising
to Is Is per cent. The market display
ed spurts Of activity and at intervals
large-sized blocks changed hands. Even
tually. the highest prices in the present
movement were recorded in a number
OF instances. covering of shorts being
noted on an extensive scale. At the
high point. foreign offerdings appeared
and realizations for local account also
occurred. but were offset by an easier
tendency In exchange and on call money
rates Around delivery hour further
fractional concessions occurred but in
the late dealings renewed strength was
displayed. The extreme gains ranged
from los per cent. The market closed
best figures OF the day
The total sales of stocks today were
3s3 .222 shares, including the following:
American Sugar, $500; Burlington and
Quincy. 24.600; Chicago Gas. $500; Gen.
eral Electric. 5000; Louisville and Nash
Vile, I,1O0; Manhattan, $500: North
western, 5000; Reading, II 500: Rock Is
land, $500; st. Paul, 37,400; Tennessee |
Coal and Iron, $500; Western Union, s.
OS3
Railway and miscellaneous bonds were
strong and active with a number of the |
usually inactive issues figuring in the |
dealings. The gains were material in |
most cases and ranged from to 4 per |
cent. Union Pacific sinking fun S.. |
however, declined 21-2 per cent, to 80 |
per cent, on the non-payment Of the |
September interest. The sales were |
81 &c., co
Government bonds were higher all |
around on transactions Of 100000.
REVIEW OF THE WEEK.
New York, Sept. 4-Bradstreets's re-
view Of the New York stock market to- |
will say: The arrival OF some /
a, 900, 900 OF the gold engaged in Europe /
and the announcement OF further sanip-
ments from London, have not been /
without their effect, nor has the street
neglected the fact that the major por-
ion of the gold thus far arrived has
been turned into the treasury, raising
is specie reserve from less than No.
700. zoo to sos. 900. 900. The money mar
get, too. while firm. has lost much OF
is stringent and unsettleing appear
ance and, apart from the continued
roubles Of Chicago. owing to the over
,pecuiations OF local operators. there
nave been no disturbing Influences IN
rads or financial circles. Further graf
fication must be found IN The fact that
n the bull movement. The Bank OF
England has apparently offered no op-
POSITION to the movement of gold in this
direction. The total now exceeds So
100. 600 and the bank tbs week. UP to
Thursday, parted with over 1900 900
pounds OF its gold. with some consider
lbls further amounts ence. Neverthe-
ess. the bank did not advance its dis
cunt rsste above the 2 per cent limit.
hough In 1893 ~ marked up Its figure
% four per cent and checked the with
travail OF gold 20 this country. AmeE7-
an stocks In London were stronger but |
ne public there srH seems indisoosed
. buy than. Nor has tbe local /Uot:c
zen q factor in the weeks market J
short covering and buying for long ac-
cunts by professional traders has been
he bass OF the improvement. which.
or the time being, appears 70 Be a
snrnsental one and therefore liaoIe 20
and sudden changes. in
pioe Of the general belief or the s1-eec
hat the tendency % speculation has IN
Ierrone q permanent change for the
settAr.
BONDS AND CLEARNGS
New York. Sept Moon: Money on
al. steady a. per c>Dr: prime rns-r-
antile papsr. negninally. 7Gs per cent
te-s.lz exchange steady WITH actual
'cs-ress In bankers bis az SssG fora
enand. and "a szt1G4s9s. for sixty
avs; bar silver ssk Mexican dollars.
Ia cents; goyezln >rt bonds firm: n-v
ours registered 1854: ooupop Il551;
y,>s registered lie: tours registered.
ISL; coupon 1885,. txos registered g:
,zc.hc S.Jes ot 81 100
PAisad>iphis. -. Sept t-C>ar.ng.
ga sss; bsls-ces 8. ocS. So
baltimore. No. SEP 4-Cs.z-<ngz
. 81. 80: balances s7xs 50.