The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-07-23
STOCKS AND BONDS
STOCK MARKET has SCARCELY A
WEAK SPOT IN II.
Sole Exception to the CnivsrsaI Strength 10
Per Cont-Advancs Proceeds Steadily.
In the Face OF lofluences None Too En-
eeursging - Isdustriais Bettered hy
Prospective Tarin Benefits 6rsnEers
and Southwssterns are the LEADER
Bond Market Shares In the Good Times

Bond Market Shares In the Good Times
New York, July 22-Tnere was not a weak
spot in the whole list today. save net loss
Of over point in Sugar. The volume of
business was large and broad. Bonds as
well as stocks were strong and the deal
ings extended TO many hitherto moribund
securities. Decreased exports OF grain and
lower quotations for wheat as well as Lon
don arbitrage sales, were ignored and the
market advanced on poor support The
highest figures were reached in many secu-
rites about noon, but an even larger num-
Der Of securities scored about their best
prices al the close. Some foreign houses
are OF the opinion that London IL heavily
short and anticipate interesting develop
ments at the end of the account next week.
Brokers, having little faith that there would
be much change IL the sterling exchange
market. gave but temporary attention 10
predictions that some s.. 600 in gold would
be exported 10 Paris on Saturday. The
continent has been buying gold. and with
easy money here this country can spare the
gold more readily than any other. Exten-
s.ve commission house buying today was
potent feature n the markets strength,
and Il remains 20 be seen whether now
that the public is taking hold OF the mar
ket. professional traders win unload upon Il
as usual. London advices were that IL the
present movement In Americans continued,
the British public would come in as pur-
chasers. but that, although a larger bust
ness was being transacted in Americans
today-larger than usual. it was principally
on continental and American account.
Sugar fell 3i4 per cent, 10 40 per cent, IN
the initial dealings, recovered the loss, but
was again pressed for sale and ended with
a loss of 1$ per cent The grangers and
southwesternS were the leaders N the days
upward movement. on large dealings. Other
stocks conspicuous for their strength and
activity were Lead. Chicago Gas. General
Electric. Louisville and Nashville and the
Gould shares. Rock Island scored a net
advance of 2l2 per cent on rumors of tn
creased earning capacity. Burlington. on
similar influences. was bettered TO the ex-
tent of point and q half Coalers were
neglected, because of the trade conditions.
American Spirits preferred rose point on
heavy buying by the interests recently &C.
tive in Sugar and St. Paul. The rise In
industrials. including a point and a quar-
preferred, and one in Starch second prefer
red, were attributed 10 an expected demand
for their products. said 10 be expected be-
cause Of the new tariff. General Electric
advanced IA per cent on unconfrmed re-
ports of an adjustment Of back dividends
on the preferred stock. The market gen
orally closed with a net advance OF IL per
cent. The principal advances OF a point
OF more. not heretofore enumerated, were:
United States Express. 3 per cent: Brook
Ign Union Gas. rs; Pittsburg, Cincinnati.
Chicago and st. Louis preferred. 2; Cleve-
land, Cincinnati, Chicago and ST. Louis,
Detroit Gas. Erie second preferred, Illinois
Cenarl, Manhattan, Susquehanna and Wes-
tern preferred and Union Pacific.
The bond marke continues TO reflect a
brisk demand for investment and specua-
tive account. which included numerous OF
the middle-grade and speculative issues.
Values moved uninterruptedly upward. and
al the top level. indicated gains of ] per
cent, or whereabouts. in the leading mort
cages. Improvements were, as rule,
more material IN the usually inactive Sc
curities. The aggregate sales were s.. 595 900.
Government bonds displayed an improved
tone and were more active. the sales aggre-
eating $4,000.
FOREIGN STOCK MARKETS
New York, July 22-The Evening POSTS
London financial cablegram says:
business is improving slightly IN the
stock markets here. Interest centered in
Canadian Pacifics and Americans. a larger
business was done in the latter than had
been done for some tonne past. II is
thought that the dealings were principally
OIL Americans and continental account.
Dealers here are convinced that ~ the move
ment in Americans continues, the public
will come IN. The expressions Is com
mon that the public will wait until the Sc
curit;es are few dollars higher. American
jobbers. az any rate. arc jubIlant over the
active conditions OF their books. Prices
closed At the best Mines remain very
firm. The Paris bourse and the Berlin
market firm, with some quiet buying or
Americans"
LOANS, EXCHANGE AND BONDS.
New York. July 2.-Noon-Monsy OF call
nominslly lax per cent. Prime mercantile
paper 3d4 per cent. Sterling exchange
stead. with actual business in bankers bills
at S4s7A for demand, and a; A.s6L. for %
Gays. Posted rates HSG4Si. and 4ss1
4 ssh. Commercial bills aSi4G4 Si4. SiI-
Yer certificates 81. Qeo1.; bar silver. 5sst
Mexican dollars. 4sss.
TREASURY STATEMENT.
Washington. d. c.. July Z-Today's
statement Of the condition OF the treasury
shows: Available cash balance, sZ24. ST.. ess:
gold reserve. 2l43.3Sz. $50.