The Wichita daily eagle., 1897-06-19
STOCKS AND BONDS
STOCK MARKET STRIKES A STR0EG
GAIT AND KEEPS IT.

Them Overdae, But London Buying,
Good Crop Reports and the Geaer si
Business Outlook are Too Mseh for
Both Them and the Exchange situa-
tion. With Its Gold Shipments and ALI
Bonds RroadenIns-Loodon Dull
| New York, June B.-There were evt-
dences today Of marked strength in the
| market for securities, ard the level OF
prices was at tines materially above yes
| terday's close. Some stocks held net
advance untH the close Of the market, but
some prominent shares sold OF 70 yester-
| days close or below, before the conclusion
| OF the days tradingS The grangsrs were
al eampIe. Very marked strength was
| developed in some conspicuous cases. due
| to special causes, and this was SUSTAIN
| ing factor N the market But powerful
professional traders sre operating On the
conviction that a general reaction : due or
| overdue in the market, and they are watch
/ ful TO take profits or 70 JON TIE snort s-de-
! London buying and good crop reports werA
! against this element today, as was the gen.
| eraI outlook for business, and the aggres-
| s.ve strength OF special stocks. But they
| found an effective instrument in the ap-
| prehensson due 70 the sharp stiffening n the
| sterling exchange market, and the an
| aouncemenI of gold exports-s33S1,0co for TO-
morrow and s7eloGJ for next Tuesday. The
special demand for exchange is said 10 be
due 20 July renittances for dividends and
in the payment on securities he'd abroad
and for other half-yearIy payments But
the statement OF the weeks imports OF dry
goods at New York shows them TO be valu-
ed at a3ls. le2. an increase Of si3i,Ti5 over
last week This foreshadows an increase
il the imports OF general merchandise also,
as has been indicated by the larger re-
ceipts from customs al the United States
treasury. reported from day 10 day. I'm
ports Of non-dutiable articles. such as wool,
continue heavy. Although london has
bought stocks here todaq, sales for oLnion
account have been quite large during the
week These facts are all harped on by the
bears. as indicating that the outgoing gold
movement IS likely 20 continue for SONS
time yet The dealings were somewhat
better distributed today. Although the
volume of dealings in Sugar. Chicago Gas,
ST aPul ard Burlington was far in excess
OF that in any other stock. the number Of
stocks in which 100 0stares or over were
sold showed an increase and many inactivs
stocks were stirred. In the railway list,
Missouri Pacific scored the extreme advance
of IL per cent, and reacted : per cent. Net
changes in the railroads were small either
way, some showing gains and some losses.
Western Union and Manhattan were also
quite strong. the former selling ex-div.dcnd,
and both held practically all the advance
Tobacco. Stanard Rope, the Reading stocks
and Union Pacific were notably weak, and
scored sharp net losses.
The total sales of stocks today were 2{s.
SS shares, including: American Tobacco.
400; American Sugar, 5000; Atohisou, so;
Burlington and Quincy. Il. 500; Chicago Gas,
2. 100; Chesapeake and Ohio, 800; Louis
vile and Nashville. 500; Manhattan con-
solidated 1880; Missouri Pacific, 800; New
York s. and W. preferred 500; Northern
Pacific preferred, $500: Reading 400; Rock
Island, 100; St Paul. Ii, 100; Tennessee Coal
and Iron. s.t00; Union Pacific. 4.aoO; Wes-
tern Union, 900: New Jersey Central, a.
100
The bond market displayed & broadening
tendency, and general Improvements were
registered IN the more proninen. issues
Frofit-taking was discernibe in some OF the
speculative hens. but the offerings were
well absorbed and higher range OF values
notably heavy and yielded per cent. 70 65
per cent The aggregate sales were s.
So, COO
Government bonds hardened slightly on |
light purchases. The sales were s6.l0
FOREIGN STOCK MARKETS
New York, June ls.-The Evening Post. |
London financial cablegram says:
The stock markets were very dull today.
on he annros a- SIhfiaA L
feature was the rise in Americans and n |
deep level mines, both Of which were freely |
dealt in Americans closed under the best, |
but with decidedly cheerful feeling. and |
with signs Of public buying. Tomorrow and /
Nondoy promises TO be almost dies non n /
the stock market The Paris and Berlin |
markets were firm. There are runors OF /
negotiations for large Russ;ou loan in |
London and Par.s''
BRADSTREET FINANCIAL REVIEW.
New York, June 1S.-Bradstreet's financial |
review VIII tomorrow say:
The stock market has continued active |
and advanced. and presents every sign OF |
growing bullish confidence. There IS also |
decidedly more outside buying. The market |
gave lttle attention TO the Hawaiian treaty
The progress toward al early settlement
OF the tariff ard the favorable crop out
look re the meaia features in the present |
advance. This week they have been rein
forced by reports % Improvement, actual
Or prospective, in various trades ani indus
tries. notably n iron and steel One OF
the chief movements OF tle week, that IN
the coal stocks. was based on the idea that
al amelioration OF conditions in the anth-a-
rite business s q, hand The main features
however, continue TO be the granger shares
with Sugar and Chica 80 Gas In The gran,
ger group. there was. early in the week,
more or less realizing OF profits. Some de-
cLHes we're produced on Wednesday. when |
the market became duh and the buying |
power appeared 70 siacken. Tbs. however.
was nomentary. and the leaders. BurErg-
lon- St Paul, Rock Island and Northwest
resumed their advance, being the objects
q active and az times exciting trading |
The cetear OF amen trnents 70 the sugar
schedule az Washington brought purchas-
.rs rom tAat quarter. and on which Sugar
stoch advanced 10 iS1e Per cent (sx-51vi-
ieai). and was firm throughout. Chicago
Sas was supported on the fact that tie
CT che properties is now being
carried out and that attacks on the com
any through the Chicago council do no-
appear 10 Eave any very dangerous coase-
lUence.
LOANS. EXCHANGE AND BONDS
New York. June is.-Noon-Moaey ., cal
'oninaIiy IQ-l4 Per cent; prime usercan,ii.
lzpe- ; 20 per cent: sJe-L,g exchange
firm, with actual business II bankers bs.Is
A. siS71. fer demand. and a. 5; -. for -
lays, pasted rates siS7E4 So and ASS
/ ssis; commercial bills s. So. silver cer;i7-
-aIes. eae 20 81: bar silver soi2: Mexican
1oi.a-s. "a: government bocds firm; rev
-ours registered LIS coupon -sS,s; fves
registered ani coupon IiS-s: fou-s register