The Wichita daily eagle., 1897-06-15
STOCKS AND BONDS
UPWARD MOVEMENT RESUMED N
SPITE OF LONDON.

New York IGaores the Dulluess Abroad and
Proceeds to Bid Up Prices From Early
In the Day-Warn weather for the
Crops is Great Factor for the Graag-
ers-Iroa and steel Stocks Stronger ON
the Improved Rssiness Outiook-Oas-
side Purchases Tbro.eh Commission
Honses.
New York. June 1.-THE upward ten
dency was resumed today On the stock ex-
change after a short-lived selling move
nent 10 realize In continuation Of Satur-
Gays movement The rise was in spite Of
the duiiness and heaviness Of Americans
along with all other securities on the Lon
don exchange. This neglect was explained
oy the absence Of traders 70 participate in
the opening festivities of Queen yic;or.a's
diamond jubilee. New York ignored the
decline in London and proceeded to bid I'D
the prices soon after the opening. The
warm seasonable weather and its certain
Dement'S to crops gave a fresh impetus to
values the granger group, which remained
practically stationary all last week AT
the top price Burlington showed an ad-
vance OF ~ per cent, Omaha % lS per
cent, and Northwest las per cent. Net
gains were slightly below the highest In
the srangers and IN other stocks. The de-
claraton OF dividends On members of the
Vanderbilt group had been discounted, as
had been the passing Of the dividend or
the preferred stock OF the Cleveland, Cin-
c;nnati. Chicago and St Louis The COM
mon stock Of this company. after a slight
opening decline. made an unaccountable
advance Of per cent In face OF the d:vi-
dend rumor and a first week statement
showing decrease in gross earnings OF over
s2i,ooo. Reaction carried the price below
Saturdays close. The local gas stocks all
showed buoyancy. which news was forth
coming to account for though rumors have
been prevalent for some time Of a coneon-
dation Of interests among the companie.
Continued strength in the stocks of iron
and steel companies reflected the improved
outlook for business in that industry. Con-
spicuous strength was manifested also by
the Gouids, Manhattan and Western Union,
each advancing over point The good buy
ing OF New Jersey Central also continued,
resulting In marking up that stock three
points. after an initial decline and some r.
regular fluctuations. The strength Of the
iow-prlced shares Of reorganized compa-
MES continued manifest in the advance In
the preferred stocks OF Northern Pacific
and Kansas and Texas. and the second pre-
ferred stocks Of ST. Louis and San Fran
cisco. under sales asgregating 1000 shares
OF the last named Quite feature of the
trading was the number OF fractional lots
Of stock that changed hands. indicating the
outside purchases made through commission
houses These sales OF o6d lots were well
distributed throughout the list. Sugar de-
veioped assured strength as the day pro-
gressed and showed a sharp gain on the
day. Chicago Gas was active but irregular.
ranging over ia per cent. and ciosing with
q net gain less than that. Following are
the noteworthy extreme advances: Con-
selidated Gas. per cent; East River Gas
preferred and Starch second preferred, 8
per cent; Brooklyn Union Gas. per cent.
and Sugar. Lead. Cotton OIL preferred. both
Rubber stocks. Brooklyn Rapid Transit.
Illinois Steel, Norfolk and Western pre-
ferred, Pittsburg and Fort Wayne C1eve-
land, Cincinnati, Chicago and st. Louis,
Pullman. and Grand Island preferred. a
point or over. besides these specially above.
Trading in bonds was on an enormous
scale. the sales aggregating almost $780,
600. Decided gains were made In many Is
sues. with st. Paul rs scoring the extreme
Improvement of per cent The market
developed considerable strength, with pur-
chases of the prominent mortgages being
made for speculative and investment ac-
count with considerable confidence.
Governments also shared Ia the general
strength that permeated the security mar
ket The new fours coupons were quoted
at 1855 per cent the best price noted IN
the present movement Transactions were
confined to a block OF ST. 90 at rs per cent
DIVIDENDS DECLARED.
New York, June 1.-THE directors OF the
Lake Shore railway met here today and de-
clsred the regular semi-annual dividend OF
per cent. The following semi-annual d.
vidsnds were also declared: Michigan Cen
trail. per cent; Canadian Southern. ! per
cent. A quarterly dividend on New York
Central of per cent was also declared
The quarterly dividend IN Cleveland. Cin-
cinnati. Chicago and ST. Louis preferred OF
IA per cent was passed.
FOREIGN STOCK MARKETS
New York. June H-The Evening Posts
London financial cablegTam says:
1.-The Ascot races. which will begin To-
morrow, and the approach OF the queens
Jubilee. are checking business In the stock
markets here and trading was stagnant
except In Kafilrs. which were good Amerf-
cans reacted, the New York prices inducing
pront-taking here. A rally followed later.
and prices closed firm at the best. The
tendency IS TO buy on any pronounced set
back II prices.
Applications for mem bcrship IN the Gen.
trail Pacific syndicate are numerous and In
nuencal The Paris ard Berlin markets
were steady
LOANS, EXCHANGE AND BONDS.
New York. June H-Money on call easy
at in1x per cent; last loan ! per cent:
closed offered AT per cent: prime me-can-
tile paper 364 per cent Sterling exchange
duh and firm. with actual business in bank
ers bills at aG for demand and a. SS1.7
4 ss for sixty days: posted rates A-ssifd+sT
and 4sS Commercial bills A.8h- Silver
certificates soIsloo-.: bar silver ss5s: Mex'-
can dollars IN Government bonds strong;
state bonds dull: railroad bends strong.
TREASURY STATEMENT.
Washington. D. C., June 8-Tc6ay's
statement OF the condition Of the treasury
shows: Available cash balance S7si.z .lS.
gold reserve si&.i5j.o&s-
SILVER SHIPMENTS
New York June 4LThe steamship Saale
will take out tomorrow Z5.0oo ounces Of
silver.
COFFEE AND sCGAR MARKETS
New York. June A-Cofee-Options opes-
ei steady at unchanged prices 20 5 points
advance. bl, eased OF. following dissp-
pointing European sdvices. ard heavier re-
ceipts a, Rio and Santos Stestiet In the
afternoon on Igat covering Trading local
C--.as <.e.av -s. rJuroz1RSd % "a rsdE-ts