The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-08-28
STOCKS AND BONDS
UPWARD MARCH OF SHARE VALUES
Is RESUMED.

This Chiefly on q Renewal of Confidence In
the General Business Situation, Rail-
road Earnings Being Taken rs Pair
Index-Earnings Won Not Only Gerry
Ing Grain East bot All Sorts of Merchan-
disc West-Crop Prospect il Taken to
be More neutrality-suspicious. Ease In
-. the Money Market-Bonds Active.
New York, Aug. 27.-Today's market
was strong throughout and the upward
tendency OF prices was practically unin-
terrupted by reactions. Anything re-
cession in the bids for stocks ELECTED no
offerings and led 10 lull in the activity
which soon gave place To renewed buying
and a higher level Of prices. Many in
active stocks were sought and moved in
the market all at notable gains. The
movement even touched some Of the ex-
tremely low-priced and almost discarded
issues. The strength of the market was
apparently based on a renewal Of full
confidence in the improving tendency Of
general business. Some OF the railroads
are making record earnings, but all are
showing increased earnings. Fuller re-
ports Of some western grain-carrying
roads show that the total Improvement
in their business is due in large part
TO the movement of general merchandise
westward than 10 the movement or grain
eastward, and this is taken as an impor-
tant index TO the Improvement in gen
eral business Thecontinued ease in the
money market in view Of these evidences
of awakening industrial activity causes
surprise, but cheap money is an incen-
tive to speculation. The break in grain
was regarded in the stock market as
proving the safety and abundance Of
the grain crops and melted a special &C
tivity in the granger shares. Rock Is
land took the lead in the group and
moved up points net during the day.
Burlington gained over point and 81.
Paul a point. Chicago Great Western
Jagged and fell off attraction The coal
ers were the exception 10 the buoyancy
in the list and declined a fraction. Mis-
souri, Pacific was active and aggressive
ly strong all day and gained l IA per
cent net Southern preferred also was
prominent, with an advance Of 3-S per
cent Pennsylvania was dealt in on the
exchange for the first time in long
time at Ill ga per cent. Colorado Fuel
and Tennessee Coal rose over a point
during the day OF the inactive list Gin
cinnati, Cleveland, Chicago and 81. Louis
preferred sold 6 points over yesterdays
bid price. The common stock also ad-
vanced a point. Baltimore and Ohio
gained l IL per cent. Laclede Gas
showed a net gain Of ga per cent,
Metropolitan Traction 2 IS per cent,
Manhattan / 1-2 per cent, National
Starch second preferred, New York,
Cleveland and ST. Louis, and preferred,
each over a point. and Great Northern
preferred "a per cent. Stocks Of local
gas companies were all strong on talk
of consolidation. Ontario and Western
was active and gained rs per cent.
Northwest preferred was conspicuous for
a loss of points just at the close.
THE DAYS SALES.
The Total sales Of stocks today were
375,113 shares, including Atchison, 3,42o;
Chesapeake and Ohio. 20,20; Chicago.
Burlington and Quincy. 16,645; Cincin-
natl. Cleveland Chicago and S.. Louis,
$3.50; Louisville and Nashville. l0.430;
MAMMA ttan 300; Missouri Pacific 1885;
New York, Chicago and st. Louis second
preferred $3.50: Northern Pacific preferr-
ed $3.50; Ontario and Western 1880;
Reading $685.; Rock Island 2S,475; St
Paul 81, 45O: Southern Railway $50, pre-
ferred 1885; Wabash preferred $500;
Bay State Gas $3.50; Chicago Gas $40;
Colorado Fuel ard Iron 3,120; General
Electric 3,940; Laclede Gas $3.50; Sugar
BIAS; Tennessee Coal and Iron 1900;
Western Union 1920; Chicago Great
Western Il, 400.
BONDS.
The bond market was very. active and
generally higher. Total sales s2.772,OOo
Government tours were IA, and fives
SIS per cent higher.
FOREIGN STOCK MARKETS.
New York, Aug. T.-The Evening
Posts London financial cablegram says:
THE stock markets were quiet and IT.
regular today. The tone was good on
the whole, but dearer money acts as
drag on investment in stocks. The po-
Icy OF the Bank Of England directors, as
indicated by recent bank returns, IS now
telling on the market Money was in
good demand today and the bank has
probably loaned over $780, 900 TO the mar
ket.
Americans were good, Ontarios being
especially in demand. There is moder-
ate buying here still but it will soon
stop unless the New York market leads.
otherwise it is very definite.
South American and foreign stocks
buying. Silver was better on reports of
the United States having over-sold for
immediate delivery.
The Paris bourse was buoyant on the
Russian alliance, and the Berlin market
was dull"
London. Aug. 27-Consols for money |
liz 7-16; for the account 112 10.
REVIEW. OF THE WEEK.
New York. Aug. 27.-Bradstreet's re-
view tomorrow OF the stock market will !
say:
While considerably less active and in |
fluenced by irregular reaction tendacies. |
speculation this week has continued TO
show a continued bulliSh uniertone. |
Some Of the leading western railway
stocks eased off in price, but there has
been an upward movement in special
stocks, that in New York Central being
the most conspicuous. On Fridty there
was a renewed assertion Of general
strength. The halt in the market is. N