The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-06-04
STOCKS AND BONDS
DEATH APPEARS SUDDENLY AS A
FACTOR II TIE DEALINGS,
Samuel L. Post, Jr. an Old and Popular
Member, Drops Dead Of Heart Disease
on the Floor OF the Exchsage-Thus ID
Interrupted an Upward Movement In
PrIces-The Volume of Business Also
Suffering Largely - Market Watched
Narrowly For Profit taking Chances
Net Loses on the Day.

| New York, June 3-Prices on the stock
exchange were in full swing upward all
along the line today when Samuel L. Post,
Jr.. an old and popular member Of the
stock exchange, was seized with heart d:s-
ease ard expired almost Immediately on the
floor. This visitation OF death put an i'm
mediate stop TO the trading in stocks and g
was not resumed for nearly TWO hours. The
| volume of business was, il consequence,
largely curtailed, many active operators
Withdrawing from the dealings for the re-
nainder Of the day
The confidence Of yesterday with which
all offerings were absorbed, even a large
amount OF stocks which had been bough:
for London account and were re-sold here,
had its effect in London today on the tone
OF the market there for American secur.-
ties. There was active demand and ad-
vancing prices as long as the trade coz
| tinued n London and after it ceased large
purchases were made here OF various siocas
for London account The London buying
was the most potent factor in the market,
and, supplemented by the sympathetic
strength from special stocks. ITS enterprise
upward 10 a point materially above last
! nights close in the great majority OF stocks
But rush OF realizing sales in the closing
transactions wiped out the earlier gains III
a great many stocks. and left them a frac-
! ton below last nights close, and at or near
the low point touched in a realizing move
ment earlier in the day.
The selling 10 take profits at the close
started in Chicago Gas, which had been
most aggressively strong all day, rising in
the final hour 10 81 per cent, the high point
OF the present upwards movement. A fall
OF over point at the close induced selling
| in other stocks. Sugar. also. which was
the leader of the market with a total OF
nearly $500 shares sold, sagged 2. per cent
| If the final dealings and had strong IN
uence in causing the final decline There
was manifest all day a rather nervous
WatchfulneSs on the part OF the professional
+! traders for the moment 20 take the highest
profits and several notable selling move
nents occurred during the day with this N
| View. The early slump in the Rubber
shares on account of the reduction OF the
semi-annual dividend on the preferred stock
from to per cent led to one OF these
movements. Rubber preferred broke 81.
per cent at the opening, and the common
and preferred stocks moved rather reverish-
" all day. But the buying for London sc-
SOuul, lIIc improved business Oy me conf
mission houses and the strength in the
specialties all served 10 give a strong IN
certone 10 the market The covering move
ment in New Jersey Central was also an
element OF strength. Therefore, while the
proiit-taking caused net loss IN a ma
jority OF stocks in the LIST, the decline was
small The grangerS continued in very
high request, Burlington coming next 70
Sugar in the Est, with several large buying
orders executed IN the stock. But this
group also felt the reaction and Rock Is
land led the next decline in the railways
with a loss OF 3 per cent. Tobacco was
strong on special causes. Sugar advanced
"a per cent. but lost half of that. Other
net gains were Canadian Pacific, point;
St Louis and San Francisco first preferred,
4 per cent on rumors of a dividend and
Chicago Gas and New Jersey Central
fraction. Western Union lost rs per cent
in the closing dealings on rumors OF unfav-
orable intentions Of the stock exchange
authorities on the ticker contract with the
Gold and Stock company. Rubber common
lost ~ per cent net, and Rubber preferred
ia per cent
The total sales OF stocks today were 1885,
OF shares. including: American Tobacco.
$500; American Sugar. $500; Burlington.
N,ao; Chicago Gas, q. 800; Chesapeake and
Ohio. 500: Louisville and Nashville. 500:
Reading. 500: Rock Island. SO; st. Paul.
A.4Oo; Western Union. 500: New Jersey
Central, $500; Southern Railway preferred.
$40
The bond market displayed unusual AMI
NATION, the sales asgresating g. 15s.0 90 de-
spite the cessation Of trading for two hours
occastoned by the demise Of s L. Post. Jr.
The dealings embraced an extensive vart.-
IN NH h
generally recorded. Considerable amounts
of the nnlddle-grade and speculative issue.
were taken for foreign account. and a re-
v1vei investment demand By domestic IN
tsrests was noted for the gilt-eiged mort
cages. Improvements OF 10 per cent
we're scored in many Of Tire leading proper
ties. and there were but few exceptions to
the upward trend OF values
Governments displayed strength and gain
60 slight fractions on purchases OF slas00o
FOREIGN STOCK MARKETS.
New York, June 3.-The Evening Posts
London financial ca5legraa says:
The stock markets here remain very
staz1ant as a whole. but there IS a far
amount OF professional dealings In An1eri-
cans. and Il disposition 20 give for the cali
O. shares a month or 50 ahead The MAJ
ket closed firm and hopeful Foreign gov.
demand OF the change OF ministry. Coin
AID bullion IN the weekly statement Of the I
Bank OF England shows decrease OF eos
5ls pounds, although the ret Elk % gold
abroad was only $50 Details % he gold
movement for IRE week show thar $50 Go
went out 10 Russia and :,lag1 20 IRE cont
rent. and that flsi.0a9 in bar gold Vas SOD
FOR the continent On the other hand
&C.. eD was received from South Africa. en-
Coo from New Zealand. fla.0oo from Australia
and $500 from Hong Kong The Paris
tourse had a strong opening. but beam.
Gull towards the close. The Berlin market
was quiet and firm"
LOANS. EXCHANGE AND BONDS.
New York. Ju-e Mooney OF car NOM
iraiiy iisdii- Per cent: prime mercantile !
payer go per cent; sterling exchange qu.st
but steady with actual business y bankers
bills az 81 - Cor, demand. and al ISs.G !
IS for sixty days: pasted rates Hszz9 /
i.s7 and 3. sS64 Ssiz; comzrc4sI bis 49,.
Silve- certificates. s.11p ounces a. sssc.
bar silver. -: Mexican collars. c. Cow /
eminent bonds steady. new foU-s register
Ell. Izzss: new fo1rs coupon. I-z7.. avss reg
istsre5. 49,: fiyss coupon. I13i.s fours reg |
is;eref. he; f0urs coupon. Ia; iwos reg
iStered. -: Pacific SKIES ot sc. 49,.
BANK CLEARINGs
Philadelphia. Pa. June 2-CIss-ia<5 Si.-
As.sI7 balances s-eo9's
Baltimore No. Julc 3-Ciea-ilzs a-n- |
&C. bsanc S--tA
s. LoulS No. June c-CIsz-izEs I74-
So; balances Ss1s Sc: money t67 Per cent:
New York exchange. > ceaS BID; rs
asked
TREASURY STATEMENT
Washington. D G JEne 1-Totsy's
-