The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-07-17
STOCKS AND BONDS
STOCKS CLOSE STRONG AND FRAO-
TI0NALLY higher.

Low-Priced Stocks Aroused BY . Fair De
m2nd. But Dealings are Meagre.J ndicat.
Ing Csutiousness and Lack ut Iaterest-
nuch is Made Of the Prospective Euro
pean Demand for American Wheat
Sugar Serene ON the Tariff Outiook-Gas
I Companies Much In Ev.dencs-Lares
Trading in fsouds-Week's Review.
New York, July 1.-THE stock market,
which dropped trifie yesterday. looked up
a bit today. and securities closed strong and
fractionaliy higher. while some usually low
priced stocks were aroused by a fair de-
mand- The meagreness of the dealings,
| however. indicated lack Of interest and
much caut:oUness. The wheat prospects
showed that there was further evidence OF
| diversified foreign demand for our cereals.
showing shortness abroad, and rather con-
/ firming the supposition that the European
! demand for our wheat VIII be enormous,
and promising renewed active prices for
new crops. Prices tended upward in the
| early trading, accompanied by some manip-
ulation in certain cheap specialties. The
! bears received facer when, during the
afternoon dizziness. they sought TO precipi-
| tate selling OF the general list. After
reaction the market stead.ed and about
| the best figures were attained in the late
trading. Some general inquiry for invest
| ment securities deprived the market OF some
| OF its wonted professional appearance. SUI
| gar failed to reflect uneasiness at the re-
ports that there was a movement in the
| senate itself favorable 20 the house schet-
ule, the stock fuctuating within a narrow
range for such an errauc security, and
closed fraction above. The advance of
II per cent in Pittsburg. Cincinnati. Chicago
and st. Louis preferred and the fractional
rise in the common was occasoned by the
| monthJune statement, showing tina; the
profit has increased $lE. a03 over the same
| month of last year. The rise OF AZ per cent
in East River Gas was accounted for SUBJ
sequently by an official circular ANNOUNCE
ing the purpose Of the Equitable and East
River Gas companies 10 unite, as foreshad-
owed in these dispatches last night Brook
Ign Union Gas showed a sympathetic rise
of point while Consolidated Gas lost q
fraction. American Spirits attracted at
tention by some activity and gained frac-
tionally on the day. Other stocks that
i'd Transit. Metropolitan Traction. Mems
sellaer Saratoga, per cent. and Grea,
Northern per cent, while Rubber prefer
red lost point.
Trading in bonds was in large volue, and
there was no abatement Of the aggressive
strength that has marked recent trading.
Fluctuations were unusually wide In some
cases and were principally IN the direction
of higher prices. Improvements in the
more active liens were restricted to fraction
al bounds but advances among the usually
active securities ranged up to per cent
with Peoria and Eastern firsts leading The
sales were 50, 10000.
Governments were quiet but decidedly
firm.
FOREIGN STOCK MARKETS.
New York, July 16-The Evening Posts
London financial cablegram says:
The stock markets were quiet but firm
today. Americans were strong and closed
at the best, Louisville and Nashville lead
ing. Business in Americans is gradually
though slowly spreading, but still there are
tim.d fears of sundry outbreaks Of jingoism.
Soth American stocks were lower Gold
was in strong demand for Austria al "a
1s.d. The Paris bourse was quiet but
steady. The nlid-monthly settlement has
begun
LOANS. EXCHANGE AND BONDS.
New York. July 16-Money on call nom.
inally at 1d114 per cent. Prime mercantile
paper. 3a4 per cent Sterling exchange
steady, with actual business n bankers |
bills at si.S94.s7l4 for demand, and AT ASi
d4.SsA for 60 days. Posted rates aS71 |
4.s7la and Assa4Ss1a. Commercial bills |
si.s5. Silvercertificates. s1;4asoss Bar Sill |
Yer, 6014. Mexican dollars, 1914. Govern /
ment bonds firm; new As registered. 1895; |
coupon. 12i7s; SIS registered. 1l3ss; coupon. /
114ss; As registered, HIS; coupon. liz; rs /
registered, $3.50: Pacific 6's of 'Ss 1912.
TREASURY STATEMENT.
Washington, D. c., July 16-Today's !
statement of the condition Of the treasury |
shows: Available cash balance s2s1. %, so:
gold reserve, Si3, C7s. 800
BRADSTREETS FINANCIAL REVIEW |
New York, July 16.-Bradstreet's review !
of the stock market tomorrow, VII say:
While the market has been irregular 70. /
the past week. 1t was generally strong IN
tone and inclined 70 advance. though its 4
early buoyancy was somewhat modified by /
DELAY in the conference committee over the
tariff and reports from Washington OF
deadlock between the house and the senate
conferees on the sugar question. Sugar
stock, which broke all records and advanced |
10 1871 on reports Of favorable compro-
mise of the sugar discussion. consequently
declined 70 l32S. and the uncertainty IN
tbs condition, with the fear that the set
Element OF the tariff might be slow. tended
10 restrict the activity and advancing de
position OF the entire market. The de-
cidedly favorabl outlook for The crops and 1
the assurance that Europe VIII need our
wheat in unusually large quantities created
a buliish feeling in the grangers and serv-
ed as a basis for advances IN that group OF
stocks. The Southwesterns and the gen.
eral railway list shared more o. less In
these tendencies. but special attention wa.
given 10 the anthracite group. As spec
ula tive factor the soft coal miners strike
has had little effect and Wall street had |
even entertained a serious belief that the
reduced supply OF coal may increase ire
% anthracite ana benefit the |
roads dependent on the latter However.
strong as the undertone OF the marke; has
been. /, IS noticed that the transactions
were largely professional and that the gen.
eral public has not taken active inJsres,
and the bull pools ana large interests have
supplied much OF the bullying. The sca1c,-
y OF stocks IS. nevertheless. significant as
20 the fact that boilers are not inclined
20 sell. offerings being scarce and the bear
traders correspold.ngiy caution London.
too. remains Indifferent 20 the American
market. though al departments there are
excessively inactive The fortnightiy sat-
Element disclosed a very small account n
Americans and !; IS said tina; large blocks
OF 81 Paul and other stocks were taken up