The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-09-01
STOCKS AND BONDS
GREAT IRREGULARITY OHARAO-
TERlZ1S STOCK DEALINGS,

Heed Of Influences Suited to Affect
Them-sugar Does tho Sensational. to
the Extent of an Eisht-Point Advance.
on Treasury Department Ruling POSI-
b.lities.
New York, Aug. 31.-Today's stock
market was characterized by big irregu-
larity, prices of many stocks remaining
remarkably stable, even on large trans
actions, while the price movement OF 9TH
ers was wide and erratic to the last de-
gree and quite independent Of any gen.
eral influence or harmony Of tendency
with others.
Sugar was the sensa tional feature and
covered range Of nearly s points dur
ing the day. There was no news re-
garding the stock received during the
day that was not down at the opening
Of the day. But the speculative traders
drew some deductions from the facts al
ready known that led TO very excited
trading in the stocks. The speculation
turned on the probable benefits to the
industry from the treasury departments
Interpretation Of the clause Of the tariff
DILL discriminating against sugar from
countries that pay an export bounty.
The belief that this clause would be adj
ministered so as to insure the exclusion
from competition Of Dutch refined SUI
gars gave Sugar stock its strength to-
day. the stock logged along very COM
fortably on the up grade to noon, COW
ering about a point in the rise. The
price then made a sensational rush up
wards by leaps of 1-4@1-2 per cent, and
even full point at time, to 15o 1-2 per
cent, the reaction being comparatively
small. Just in the closing transactions,
the price bulged again to ISL per cent,
and fell back a point. Tobacco also rose
"a per cent in the final transactions.
apparently in sympathy with Sugar.
Sales Of Sugar reached 1000 shares. The
active shares which showed a free price
movement were the exception to the rule.
The decline in the grangers carried
Burlington down nearly a point. but the
net change in the group did not exceed |
IL per cent the amount Of the gain ]
shown by Rock Island, Omaha, and |
Chicago Great Western. The same i'm |
mobility was manifested in the interna- |
chesapeake and Ohio, Northern Po- |
tional listed stocks, Atchison preferred, |
Chesapeake and Ohio, Northern Pa
cific prerred, Southern preferred, Union |
Pacific and Wabash preferred. seeming |
10 be withheld from moving either up or |
down, by some pressure. The same was |
true of Louisville and Nashville, until |
late in the day, when the stock moved |
up a point but reacted partly. Some of |
these stocks were very largely dealt in,
but the transactions failed to affect the |
price Missouri Pacific was an excep-
ton and moved up points somewhat /,
irregularly, closing at slight reaction.
The so-called specialties were favorites
in the speculation, Pacific Mail gaining
over points; Colorado Fuel 1 IA per
cent, Consolidated Gas about per
cent, Detroit Gas per cent, Laclede Gas
2 ga per cent, Metropolitan Traction a
point, Starch first preferred the same.
New Central Coal l IA per cent, and
Oregon Navigation point. The Lake
Erie and Western stocks continued thir
upward course, the common gaining 1 IL
per cent and the preferred IA per cent.
ST. Joseph and Grand Island second pre-
ferred rose Is per cent. London was
quite heavy seller, stocks sold for that
account being estima ted at 5000 shares.
THE DAYS SALES.
The total sales Of stocks today were
13S. S79 shares, including: Atchison pre-
ferred q ,225; chesapeake and Ohio A.
$50; Chicago. Burlington and Quincy 25.-
$40; c., c., c. and ST. Louis 81, $50; Louis
vile and Nashville 23,4S5; Missouri Pa
cific 1885; Missouri. Kansas and Texas
preferred 1920; Northern Pacific prefer
red 1866; Ontario and Western 400;
Reading 1S,475: Rock Island 1858; St.
Paul IS, 1870; 81. Paul and Omaha $40;
Southern Railway 1885, preferred 1920:
Texas and Pacific 500: Union Pacific
[ 600; Wabash preferred SIS: American
Cotton Oil 1900; American Tobacco o.
327; Bay State Gas 10,S15; Chicago Gas
!, 945; Laclede Gas 1920; Pacific Mail 3D.
s75: Sugar 7.075; Tennessee Coal and Iron
$3.50; United States Leather 4.730, pre-
'erred 1892; Western Union 1850; Chi
ago Great Western S0.155.
BONDS.
In the bond market the sales exceeded
4, 500 900. and were strong generally, es-
,ecially the Reading tours.
Government new tours bid UP TO 113
,er cent.
FOREIGN STOCK MARKET.
London. Aug. 31.-The market for
american securities was weak al the be-
inning but steadied az the close. Bears
we're early sellers, but covered later on.
NE market was firm and the demand
air.
New York, Aug. 31.-The Evening
POSTS London financial cablegram says:
The stock markets opened dull today
n the political outlook. recovered later
n favorable news from India. and clos
d steady 10 firm. Americans were dull
I first on the tons of the New York
took Exchange. and on pessimistic ar
icle in the Financial Times, but they
lso closed better and with a firm tone.
.tchison adjustments are being bough,
ere. !
French anr German exchange is ris- :
lg. but Austrian exchange on London
eclined sharply today, and Russian ex- ..
hange. which was 1915 last week and :
$50 az the close OF July, has fallen ,
gain 10 $40. ,
The Paris and Berlin markets were :
uIl' :
LOANS AND EXCHANGE.
New York. Aug. S1.-Money on call ,
isy AZ 1a1 1-2 per cent; last loan ! IA {
er cent; closed 1al II per cent: prime :
lercantile paper 3 l-2a+ IL per cent
terling exchange slightly easier. With .