The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-08-27
STOCKS AND BONDS
SHARE DEALINGS INDICATE 1
WAITING ATTITUDE,

Until the Corn Crop Shows Just About Ex-
actly What 1t is to be Counted on For
and the Grain Markets Steady Down to
Due and Proper Level, Uneasiness and
a Degree Of Timidity VIII Embarrass
Movements in Stocks-Diminished Vol.
ume But Prices Held FirmIy-LondOu
Interest In Americans.
New York, Aug. 26.-The striking fact
about today's market for stocks was the
absence Of any large offerings to sell.
| The sharp rise OF prices at the opening
of the market was on very moderate
| volume Of purchases. The buying de-
mand fell off almost Immediately, but
prices receded very slightly and held
firmly in face of an almost stagnant de-
msnd- The big buyers were practically
out Of the market, and even the small
demand showed few stocks forthcoming.
so that prices moved easily in either di-
rec,ion. Even with the condition SO un-
inviting 10 manipulation the market was
apparently neglected by all interests and
many stocks which have been active in
the recent trading did not move at all
during the entire day. The total sales.
22O,00 shares. is the low record for sever
al months past.
Much more animation was manifested
in ha
strong, exercising sustaining influence
on stocks.
The quietness which has fallen upon
the stock market is due to somewhat
unsettled conviction as to the safety and
final dimensions of the corn crop. The
me-curial condition OF the grain mar
kets has aroused condition Of doubt in
the minds Of stock traders, and they are
waiting for more fixed conditions before
putting further money on a large scale
in.o stocks.
The strength of individual stocks help
ed TO sustain the market, which was in
that respect almost a repetition of yes
terday- Missouri Pacific was strong and
sold at the opening / IA per cent above
ASh-oN III NlOSc- Ic SlDCh WAS III gOOu
demand all day and closed with a net
gain Of 7-S per cent. The Vanderbilts
continued in good demand and rallied
strength throughout the market. Chesa-
peake and Ohio, most largely dealt in on
reports Of its improving conditxzSm7ss
reports OF its improving finances, led the
list, with sales of $4,000 shares. Cleve-
Ia
preferred was bid up to Is per cent,
against rs per cent, the previous sale
During the latter part Of the day Sugar
was remarkably steady at over a point
above last nights close. The buying at
the close, which was most prominent in
the grangers, carried the market to the
highest level of the day, Rock Island
leading with a net gain Of Ia per cent.
factor in view Of the small volume of
London buying was quite a prominent
trading. The sales for the day for Lon
don account were estimated at 5000
shares. Only the three leading grangers
and Ohio and New York
Central were dealt in to the extent OF
10000. Net gains Of a sharp fraction
were general all through the list at the
close and extended TO 3 1-2 per cent In
Norfolk and Western preferred, to per
cent In Laclede Gas and q point in Mich
gan Central Metropolitan Traction lost
per cent; Lake Erie and Western a |
point, and Manhattan, Tobacco. Canadi- |
an Pacific, Colorado Fuel, Consolidated
Gas, General Electric, Northern Pacific |
and Southern preferred a fraction.
THE DAYS SALES.
The total sales OF stocks today were |
,11,110 shares, including: Atchison pre- |
erred 1880; Chesapeake and Ohio q, 800 |
Chicago, Burlington and Quincy 1880;
Cleveland, Chicago, Cincinnati and ST. |
louis 3,103; Missouri Pacific $3.50; New |
York Central 11.035; Northern Pacific |
$40; Reading 4,545; Rock Is
and, 10.501; St Paul 1853; American
Tobacco 3.276; Bay State Gas 1850; Chi
ago Gas 1855; Laoiede Gas 2,72O: Sugar
0.470; Chicago Great Western 9,115.
BONDS.
The railroad bond market was active
Or the speculative issues, at higher
-ices.
'ON SO4O d
igher. The total sales of bonds were
., 212, O00
FOREIGN STOCK MARKETS.
New York, Aug. 26-The Evening
'ost's London financial cablegram says:
The stock markets opened generally
I'LL today but closed strong on rumors
hat the powers will come to an agree
lent on the eastern question. Consols
losed at 112 1-2 buyers. Kafflrs were
nm a the close. Americans were good
Il day, but the close was fraction I'M
er the best. More interest in Ameri-
ans IS notable among operators on this
de. New York Central and Norfolks
ere especially bought today. Fries :
ere also s.IOn. There was a further {
Sc in Brazilians on the continued i'm /:
rovement in exchange. Press reorts al
'ioute the improvement TO Ro;hschild
aving bought the Central Brazilian rail
ay from The government for IS o6O. 900. ]
his is not correct. the position being
lst strong continental and English ]
indicate, including Rothschild. has
zen formed to make a tender to the
Iilway next month. The London dis
'unt rate was firm on transfers today
Il, 900 10 the japanese accoun; in :
e Bank OF England l believe. how s
-er, this may shortly be returned I