The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-07-30

Market Strong and Generally Wholesome.
| Looking TIL Near Delivery Hour. When
Bear Raid. on Worse Crop OutIooI;
aud Gold shipments, Makes an Irregu-
lar CIosing-sustaining Influences are
Traffic Statements and Wheat aud Cot
ton Crop Reports-Southern and South
western Railway Groups Extra Strong.
New York, July 29.-The stock market
was strong, with a generally wholesome
| look. Until delivery hour, when the bears
rai3ed the markets on reports Of unfav-
orable crop advices from the Dakotas
and that gold exports on Saturday would
! be in excess of $1,000, 900, causing the
close TO be irregular a. slight recoveries
! from the lowest, bu: with the greater
humber of shares showing nj increase
for the day. Sustaining influences on
The market were favorable traffic state
menIs and rising quotations for wheat
and cotton, with the engagement OF an
other half million wheat from cur ports.
"
broadening interest, London buying and
selling some $1,000 shares here. At the
same time the continent, in a moderate
degree, purchased Americans in London.
The market was featured by violent
fluctuations in the sDecialties and ss
gressive strength and activity on low
priced stocks which had hitherto partici-
pa:ed to only slight extent in me gem
cral rise. Southern and southwestern
groups were exceptionally strong. South
ern preferred advanced On foreign and
domestic purchaees on vague runners in
regard to dividend prospects, but the
movement was probably part OF that re-
Gently displayed in other southern Sc
curlties. On prophecies that a series OF
bearish interviews with Sugar people
would be published, Sugar. which had
risen to 139 12 per cent. was forced
down 20 1871 per cent but rallied point
In the late trading it was claimed tina:
sales had been made OF Dutch graunlat-
ed for September shipment, the foreign
refiners having reused bounties thereon
50 that the American countervailing du-
~ might be avoided General Electric
advanced 1 1-S per cent, the contracts
OF the company placed abroad being IA
vorably commented upon. Brooklyn
Rapid Transit developed early weakness
and receded - per cent, but rallied a
point. Susquehanna and Western pre-
ferred broke point and quarter in
sympathy with the reactionary move !
ment among the anthracite coalers. Del |
aware and Hudson also broke a point !
The grangers, except Burlington and
Omaha, which held their own, receded
fractionaly. The June earnings of the
Burlington were over 100000 above
those of last year and the same amount
in excess Of those Of last May This was
interpreted as a most favorable showing. |
A slight rise in silver and the export of |
100000 in gold 10 Canada were of some |
interest 10 the street. There were ad- |
vences Of a point or more in about nine |
teen shares. with similar declines in
seven others.
the transactions in railway and mis-
ceiianeous mortgages aggregated the
largest total noted in some years, namely
$4,000. This included an extensive
variety OF issues in which improvements
% substantial proportions were general,
but the most noteworthy in the middle
grade liens Purchases for investment
account were freely noted and a brisk
demand for the low-priced bonds was re-
corded by the foreign arbitrage houses.
Governments were in good demand
and improved slightly on purchases Of
$4,000.
FOREIGN STOCK MARKETS
New York, July 29.-The Evening Posts
London financial cablesram says:
Most markets were rather quieter TO-
lay on the approaching holidays and the
South American stocks were weak The |
feature is the broadening interest in Ameri-
cans OF the professional public here That
S TO say, the capitalists and others have
rcaght during the last two days and each
tresh rise increases the possibility OF a
Doom here. Arbitrage dealings were very
Grge. Atch.son preferred and adjustment
again were largely bought here. Southern
We're also strong Prices az the
lose were good but a fraction under the
BEST prices al 8 O'Clock. Rumors that Ia
IAN IS buying silver are denied. India,
however is buying. and there are cover
ngs OF speculative sales. Coin ard bul-
ION were down 10 10000 pounds, though
GOO pounds gold came in for the week
rom Australia. Other securities were
Town $4,000 pounds. and other deposits
Town $4,000 pounds. The return was fea-
urelesS and without significance The
Paris market was firm and also that OF ,
Berlin. The continent as buying Ameri-
ans. but not largely"
LOANS. EXCHANGE AND BONDS
New York. July 2e.-Noney on call steady ,
L ! per cent; last loan ! per cent: closed
fe-ed per cent. Prime mercantile paper ,
"A per cent. Sterling exchans asir with :
ctual bus!nSs IN bankrs bills st $is-I.G ;
S12s for dnand and a: S:S6is d4 SIS. for .
ixty days. Posted rates siS7Q4S7l2 and !
{. SSG4 Sl.; commercial bills SASH. Silver ,
certificates 6Sa0s; bar silver Sly: Mexican
ollars i5lsc. Government bonds strong;
tate bonds duh; railroad bonds strong
TREASURY STATEMENT.
Washington, .. &, July 2e-Toiay's
,atement OF the condition OF the tres sury
hcws: Available cash balance SIS. SIS, 29I:
ole reserve. s14S 471.554 4
GOLD SHIPMENTS.
New York. July 2s.-Ciold 10 tire amount
I Sloo.I0 was Withdrawn from the sub {
sasury for shipment 20 Canada.
GRAIN AND PRODUCE MARKETS. :
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