The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-07-04

Prices Move IrreguIarly But With an Up
ward Trend-Buying for the Long Ac-
count In View of the Shipment OF Sc
| curitIes and Non Engagement of Gold
Early Declines, Then Recovsries, Then
Declines To Close On-America.s In the
London Market-week's Review Of the
Stock Earket-Bank Statement.
New York, July 3.-The stock market
| today displayed considerable shrinkage
in volume OF business due 10 the early
absence Of many operators taking ad
vantage of the holidays. The movement
| of prices was irregular. but with an up
ward trend, which was shaped 10 an
extent by covering purchases and buy
ing for long account under the fayora-
bic conditions of the encouragement
of gold and the extensive shipments OF
America securities TO be made 20 Lon
don tomorrow. Interns tional banking
houses say the full extent OF the fer
eign buying within the past few days
cannot be measured by the amount for
wsrded tomorrow, as in some instances
the stock will remain here. The ship
ments are conservativeiy estimated at
IS, 900 shares and include chiefly ST.
Paul, Louisville and Nashville and
Atchison. The purchases were almost
wholly of stocks, aside from few Atch-
ison bonds, and are. as noted in this
dispatch, for the account of London
pool II has been contended that the
buying has not been reflected to a note
worthy extent on the exchange market
but on the other hand the point is
made that for the purpose OF opera
tons exchange might have risen sharp
", as London had previously been a
heavy seller Of our stocks and bonds
The initial prices were mainly a frac-
ton below the closing figures of yes
terday and in the first fifteen minutes
of business further declines were gen
orally scored. extending to Ia per cent
in Chicago Gas. The pressure against
the market abated after a space and
firrner tone became prevalent. substan-
tial recoveries being noted in many in
stances. Manhattan figured for rally
of a point after an early decline OF IL
per cent and sugar made an equal re-
covery. The depression at the outset
was chiefly ascribed 10 realizations.
The offerings were well absorbed. how
ever, although foreign houses appeared
to be substantially without orders. The
sustaining influence was the closing out
of short contracts. The announcement
by the principal gold exporting houses
that no shipments would be made also
had a stimulating effect. The trading
was only on moderate scale, but in
a number of cases prices advanced sub
stantially above yesterdays final fig !
ures. In the last hour, however, real |
izing sales caused a reactionary move |
ment. Sugar lost a point, and the gran |
gers. Louisville and Nashville and some |
of the industrial properties dropped |
sharp fractions. The closing was heavy |
in tone at general FRACTIONAL losses.
The total sales of stocks today were
1872. 7s3 shares, including: American To-
bacco $500; American Sugar 1890; |
Burlington and Quincy $500; Chicago !
Gas $500; Distillers $500; Louisville
and Nashville 1900; Rock Island $500;
St Paul 20.so0: Western Union $500.
Silver certificates 10000.
Bonds were firm but higher on
light volume of business. The improve
ments were mainly confined to the spec
ulative issues. The sales were S354, 800.
FOREIGN STOCK MARKETS.
New York, July 3.-The Evening /
Americans continue to find buyers
here, and astonishment is expressed at
the absence Of response from Wall street. |
today, however. has centered
more on home lines, some Of them hav-
ing very considerable advance on the
news that the Midland had agreed TO
split TO ordinary capital. An absurd
rumor gained currency today that one
OF the Rothschilds would join the board |
Of the Chartered company and guaran-
tee it. against any claims which might
be made in connection with the rising
in Rhodesia- 1t has absolutely no foun-
dalton. There will be issued by the
a new Chilean government
loan for four millions, bearing per
cent interest. The price of issue viii
be S5ia per cent.
The Paris market opened steady and
closed dull.
The Berlin market was weaker.
DAYS LOANS AND CLEARINGS.
New York, July 3.-MOney on call
easy at PA per cent; last loan per
cent, closed 11xd2 per cent Prime rner-
camille paper 4941z per cent Sterling
exchange steady with actual business
IN bankers bills at s4Ssd4ssk for de-
nand and S46a4s7k for sixty days:
posted rates s4SS94s9. Commercial
bills $780, @4s6ik. Bar silver esiz
CENTS; silver certificates sS%Qe9 per
cent.
Boston, July 3.-Clearings sec. s57 .259;
balances ;2.52s,5Ss.
New York. July 3.-Clearings y133,-
1889; balances S1o.651.4s2.
Philadelphia, July 3.-Clearngs t212.-
'ss. So; balances 81, S35, s31.
St Louis. No. July 3.-clesrings 81
Al .323: balances s370,345. Money sas
Der cent New York exchange par bid
3 cents premium asked.
RvIEw OF THE WEEK.
New York. July 3.-Brsdstreets re-
lew OF the stock mark ct tomorrow VIII
ay: Decidedly bear1sh tendencies as
srted themselves In the New York !
took market this week. Certain days
Tere marked By a more decided shrink .
&c IN values than has been witnessed .
or some months past. accom- panied By ,
9th liquidation on a large scale and !
y pressure upon prices from operators
or the short account A part OF the :
ales OF the stocks where the margins :
ad not been exhausted or holders BE- :
ame anxious as 20 the outcome, the .
had little work IN this weeks .
rade- Activity. with such exceptions. I
Fas mainly professional. although a :
cry noticeable feature % the situation :
7ss the heavy and aggressive buying on !
scfines by the foreigners This. in =
sd. has been one Of the most remark =
be incidents OF the week Cable ~ :
orfs describe Americans as beng ths >
istOactive department; % the London | .
isrkef and STATE, moreover. that at the :
scEnss a very Considerable demand | ,
p thsm has made Is Appearances IN | ;
1st quarter. At the same time. 50 sz- :
5 can be leay1et. TIE buying question Z.