The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-08-13
STOCKS AND BONDS
ENORMOUS VOLUME OF TRANSAC-
TIONS IN SHARES.

Market Ii Rampantly Buliish, and Notable
Further for the Resurrection of Many
Almost Forgotten Shares, Long List
of Which Record Good Advances
Wheat Market is q Potent Irfiueoce.
Felt by the Changers and Passed on to
the General List-HIsh Priced Indus
trials Much In Evidence.
New York, Aug 1.-THE volume OF trad
ing on the stock exchange came near the
high water mark Of last Monday, transac-
tons footing UP $4,000 shares, as compared
with $4,000 shares on Monday. 1t was a
rampant bull market all through, the most
striking feature Of It being the assured
touch with which a number OF long buried
and almost forgotten stock were brought
out to the light Of day and very notice
able degree of animation instilled into them.
The opening showed the lively speculation
in Union Pacific still undated. with no
special news to account for il. The price
jumped to 145s per cent, as compared with
last nights close at y per cent. in the
first few minutes Of trading, butn Old not
hold at the high point, owing TO the very
lively selling for London account, Sales
were nearly $500 shares and were only
slightly exceeded by those OF Sugar. Inc
excitement in the wheat market accompa-
nyng the continued rise in wheat was Still
the predominant factor in the stock market
and helped to carry up most of the gram
carrying roads a point or over. Chicago
Great Western was an exception and rag
ged all day, receding quite sharply on prolit-
taking. Nrtohern Pacific preferred also.
after a substantial rise, scored sharp loss
at the close on announcement of the change
IN executive officers and the emphatic state
nlent accompanying ii that the r9as would
continue to be operated as an Independent
property. There were heavy realizing sales
all day in a great many stocks and such
sales were the decisive influence in heavy
close. There was a renewal of activity IN
the h;gh-priced industr.als, notably Sugar,
Tobacco and Chicago Gas. These stocks
made sharp rises at one time during the
Gay, Sugar touching a new h:gh-price re-
cord at 1is5s per cent. but all suffered keen
" from reaction and were an adverse IN
fiuence in the market.
Statements of railway earnings continued
favorable, notably Louisville and Nashville,
which showed an increase in earnings for
the first week in August OF SCI, SIS, Chesa-
peake and Ohio with an increase of s42,-
235, and Southern with an increase of $685.
AS. All of these stocks enjoyed special
benefit from those statements as well as
the benefit to the general Improvement of
values London continued to sell stocks
here and TO be ignored in the effect. Ser
ling exchange and, more notably, contin-
entail exchange continue to show weak
ness and TO go lower.
The following are some of the signifi-
cant changes in the days trading: Attain
tic and Pacific was advanced from II per
cent, the quotation ruling for long time
past to IL per cent on sales of 5000 shares.
Brunswick Mining company rose from rs
per cent to pa per cent; Colorado Coal and
Iron development company from 3 20 5 Der
cent; Baltimore and Ohio from 121. to IL
per cent; Baltimore and Ohio Southwestern
preferred from 81 to 6iI per cent; Hooking
Valley from 31a to AS per cent; Central
Pacific from u TO HA per cent; Keokuk
and Des Mo:nes preferred from 16 TO 10 per
cent: Linseed Oil from 151a to 10 per cent;
North American from 81 to percent, On
bales of u. 600 shares; Quicksilver preferred
from TO 10l2 per cent; Union Pacific, Dem
yer and Gulf from 4as to ~ per cent, on
sales of over 1900 shares; Wheeling and
Lake Erie from 10 to 25s per cent, on sales
of 200 shares, and so on with other neglect
ed low-priced shares in less noteworthy
degree. Net gains were the rule in the &C
tive list though the number of prominent
stocks in which the gain attained point Is
small. Many less active stocks show larg-
TO-
Starch second preferred. There were frac-
tional losses in Tobacco preferred, Brook
Ign Transit, Chicago Great Western, New
York Central, Omaha, Tennessee Coal and
the Leather shares. Illinois Steel declin-
ed per cent.
Transactions in bonds embraced an I'M
usual variety OF issues. with the upward
movement which has so long dominated
the speculation unimpeded. The purchases
for continental account were very large
and included the leading investment and
speculative issues. Gains of point or so
were numerous. with bull sentiment very
pronounced at the close. The aggregate
sales We're 100000.
Government bonds held firm OF purchases
of 81. 600.
FOREIGN STOCK MARKETS
New ork, Aug. 12.-The Evening Posts
London financial cablegram says:
The business in the stock markets here
today was entirely centered in Americans,
in which the dealings were enormous. The
slight rise in ew York exchange was off
set by a rise in the price of coin. Prices
closed practically at the best, but am
mated street dealings are still proceeding
The position here in Americans is pc
cul:ar. Berlin is undoubtedly buying very
argely. II is equally certain that the Eng
l;sh public is also buying freely, but-and
here comes the pecul.arity-:t is apparent
ly a new public. and side by side with the
fresh buying. extensive sales are made by
those who have been waiting for years TO
get returns. 1t is difficult 70 say therefore
whether sales or purchases have prsdom-
mated here-probably the latter today.
'Kafiirs were weak. due TO al interrupt
ton Of the cable service, and the diversion
OF attention to Americans
Gold is in strong demand, but there were
no more Withdrawals from the bank.
The Paris bourse has been steady but
the close was fat. Apparently, mines had
been bought too freely there The erin
market was cheerful"
LOANS. EXCHANGE AND BONDS.
New York. Aug. 12-Money on call easy