The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-08-25
STOCKS AND BONDS
OUTSIDE INTEREST RE-AWAKENED
IN THE SHARE MARKET.

terests and Some Top-Prlce Records
Reached-Grangers Lead In Strength
and Activity, bat are subjected to
Realizing Sales Southwesterns Firm
All Day-Market Closely Watched.
New York, Aug. 24.-The opening OF
the stock market this morning showed a
lively re-awakening of outside interest,
as indicated by a large volume OF COM
mission house orders, which had come
into brokers' offices over night and
which kept up an animated tone in the
dealings during most Of the morning.
There was also heavy buying for large
individual interests, and prices Of some
stocks topped the years record. The pre-
ferred stocks of reorganized companies
were quite prominent, and the shares of
tinued firm all day. The grangers were
leaders in point Of activity and strength.
but the realizing sales were heavy a.
given point in their advance, forming
barrier. The course Of the wheat market
was watched with sympa thetic interest.
SO far as its decline was due 20 the refu-
tations of crop damage rumors it helped
the stock market. But when the cable
brought news Of break in England
and a decreased demand for wheat, rail-
road stocks responded with sympa-
thetic decline. The falling off OF prices
OF American securities in London was
ignored a the opening here, partly be-
cause ii was attributed TO the settlement
which begins tomorrow. But later in the
day he cable reported the London mar
ket heavy on the tenor of the news from
India, London advices also reporting
that the continued fall in silver is an I'M
settling influence on that market. Silver
today fell 4 d in London, 10 23Bd, which
is 1sd below the previous lowest price.
A small withdrawal of gold from the sub
treasury for shipment to Canada might
be counted as a slightly depressing in
fuence
The continued ease of the money mar
ket is not indicative Of a lively demand
for funds from the interior such as is
booked for in a period of business revival,
and while call money at l per cent is an
incentive to speculation, as an index of
business awakening il is regarded as dis
tinctly disappointing. At the same time
lenders of money are in expectation of
an early demand upon them for interior
trade needs, and there has been some ad-
ditiOnal accumulation of funds here re-
Gently in anticipation of such demand
Leather preferred was notably weak on
account Of disappointment that the diyi-
dend rate was not increased, and lost
1 Is per cent. Cotton Oil preferred, on
the other hand, was strong and gained
2 "a per cent net. Illinois Steel fell off
L 1-2 per cent; National Lead advanced
l Is per cent, mostly late in the day.
New York, Chicago and St. Louis first
preferred fell off 2 points Most of the
active stocks showed fractional net de-
clines, but there were gains scattered
all through the list, extending to a point
in Chicago, Indianapolis and Louisville
preferred, Cleveland, Cincinnati, Chica-
go and St. Louis, Flint and Pere Mar
quette preferred, Laclede Gas, Lake
Shore and Oregon Navigation preferred
THE DAYS SALES.
The total sales of stocks today were
$50 shares. including: Atchison $3.50;
preferred 32.612; Chesapeake and Ohio.
1880; Burlington 2s,42O; Cleveland, Gin
cinnati, Chicago and ST. Louis $40: Mis-
souri, Pacific 1900; Northern Pacific
4 1875; preferred 11,490; Chicago and
1850; Reading Is, go: Rock
Island 1,649; St Louis and Southwestern
6 ,645; St Paul "a. 500; Southern Railway
preferred $50; American Cotton Oil
|, 100: American Spirits $40; American
Tobacco 1895; Chicago Gas 1910; Pacific
Mail 3,130; Sugar 9,2S5; Tennessee Coal
and Iron $40; United States Leather.
!, $50; preferred 1887; Western Union
!, $3.50; Chicago Great Western 20, 095.
BONDS.
The bond market was strong and firm
against the decline. the Atchison issues
leading. The total sales OF bonds were
s., $50, 600.
LEATHER DIVIDEND.
New York, Aug. 24.-The directors OF
the United States Leather company have
declared the regular quarterly dividend
Of l per cent on the preferred
FOREIGN STOCK MARKETS.
New York, Aug. 24.-The Evening
Posts London financial cablegram SAYS:
The stock markets were irregular to- |
today C0nsols and kindred stocks |
were weak on India news and kaffirs |
were dull. The settlement shows a small |
account, but conthangoes were fairly |
higher.
There was a further improvement in !
Brazils on the rise in exchange. The I
coffee crop is good and New York is said |
10 De specializing in coffee.
americans opened firm. They re- |
NAMED strong for The greater part Of the |
lay. but the close was easier in the |
street. Atchisons We're especially good. |
Of the foreign buying very little was |
English. Ii is difficult 70 say whether /
SO ks will be scarce tomorrow, but I /
know as fact thai arbitrage houses |
have been eudeavoring today 70 borrow |
Stock right and left.
'Thediscount market here is firnle- on
me eve OF the stock exchange settle |
nent. which causes banks 10 refrain /
rom taking bills. Although the current
ate is l 81 per cent, forward business
= done in American bills TO arrive ten
lays hence a. IS per cent.
The Paris and Berlin markets were
luiat"
London, Aug. 24-Consols for money /
/: liz SIS.
LOANS AND EXCHANGE.
New York, Aug. 24.-Moasy on cal, 1
Easy az ta1 1-2 per cent; last loan IA .
Der cent; closed at 1aI ii per cent; /
prime mercantile paper 3-ia4 IL per