The Wichita daily eagle., 1897-07-10
STOCKS AND BONDS
SMALL AVBRAGE NET GAIN Re
SUITS IN STOCKS.


Thuesday's Ciose-Good Crop Prospects
Comes Nearer Being the Explanat alton of
the Advance Than Amy thing Else Brisk
Inquiry for Middle Grade Bouds-Lon
don Close Firm After u Dull Day,
New York, july 9.-The result of the Jays
trading Is small ase erage net gain IN the
prices OF stocks. But the larger part of
the sales during the day was made at
prices considerably below yesterdays close.
enc It was only IN the final hour that a
eNerlns movement Suffered prices 10 a
ievei above last nights close, and a point
or over above the low level of the day In
many shares. There was no neaws 10 ac-
count Tor the general movement of the mar
Ret' unless 1t was the continued good pros
FeCts Tor crops, which sustained the gran
gers. The strength OF Des Mo,nes and
fort Dodge, and Chicago Great Western
continued, and was attributable to a be-
lated share in the Improvement which has
beeu general IN the market for several week
AMI y hich was prec:pitated by marked op-
sreuoE OF inside interests of those prop
critics. Pacific Mail was very active. and
notably strong on the reputed intention of
tae directors TO raise the dividend rate
Omaha was favorably affected by a story
t1at the proposed blanket mortgage for
kIec'opa'U authorized by the Northwestern
Chectcrs Tor refunding operations is to be
eIpis TO the refunding Of Omaha issues as
"c'', through the merging of the two rail-
roads This rumor affected Omaha more
markedly than il did Northwest itself and.
IL TACT, gave an imptus 10 prices in the
WEoie mar ket New York Central sold at
ore tine during the day on reports that
is oincIals had secured a controlling inter-
est in the Lehigh Valley. The stock re-
acted sharply upon denial of this report
from an accepted authority on both New
fork Central and Leh;gh Valley affairs
Chicago Gas was vigorously attacked, and
soli dcwh 1&s per cent below last nights
close on report that the plan of consol:da
ton included an increase of the bonded
cco:. but practically all OF the lass was re-
covered. Sugar was the subject of the
us;'al flood Of rumors regarding the inten-
ron OF the tariff conference but ruled
above last nights close nearly all day, and
ciosed with net gain of point, rising
sharply at the close on covering. The mar
k5 vas almost wholly made up of such
special, Incidents as the above Commission
hSis" buying was lacking, the London mar
k''t was not factor, and in fact, manipu-
l2t:or, made effective by the narrowness
CT the market, was about the only influence
which made itself manifest There was a
marked diminution in the volume OF deal
irss and Sugar. ST Paul. Burlington and
Pacific Mail absorbed about half the total
Dcs Ec.nes and Fort Dodge and Omaha
gained 12z per cent net EACH and New York
Central point. Other gains Of fraction
We general number of shares showed
a recovery of over point from the low
po II. including besides the above Chicago
Gas. Rock Island and aPcific Mali. Min
reso:a Iron rallied points, a net gain of
? per cent, in the closing dealings Iowa
Central PREFERRED lost IL per cent.
A brisk inquiry prevailed in the middle
grade bonds and some substantial improve
rieI-ts were recorded. The general market
also advanced slightly, while more cheer
fu. sentiment prevailed throughout the en-
IL ctafngs. The aggregate sales were
sI,r0,n0 =.
The principal ga,ns were Susquehanna
AMI Western general per cent, and De-
tro:- Gas IS, 112 per cent; Brooklyn Tran.
81 =, and Standard Rope Gs displayed
same irreeularity, but closed practically
Ccctlaneed
Cover lnment bonds were shade lower ali
aroune. The transactions were $4,000.
FOREIGN STOCK MARKETS
New York, July s.JThe Evening Posts
London financial cablegram says:
The stock markets here, after a day Of
extreme dullness closed firm. Americans
rename, under the New York parity The
cDly feature was a revival of the demand
for Argentine rails. Copper was firm. Ca
madam Facifics were largely bought for
New Ycik parties al the close. At the
T*eri,n market was quiet"
LOANS. EXCHANGE AND BONDS.
New Yc'k July 9-Money on call easy at
Ton. ICr cent; last loan / per cent: prime
Mercantile paper 3G4 per cent; sterling ex-
change firm with actual business In bank
ers kills al s4.s7I4 for demand, and at 81 seq
S'l. fer g. days; posted rates 81 i.S615i4. STE
end a SI4.ssl2; commercial bills si.s5. Bar
silver Goa Mexican dollars A.
Cover ment bonds weak; state bonds dull
and ;a:I cad bonds strong
BIG BOND DEAL.
New York, July "A syndicate led by
Euhn. Leot & Co.. is reported 20 have pur-
chased from the Chicago and Northwestern
Railroad company so, oooOo of the refund
ing Sis per cent bonds to be used in taking
III outside Obligations.
SILVER SHIPMENTS.
New York. July 9-The steamship Etrur:a
Vii take out tomorrow 49i 90 ounces Of sill |
ye-
BRADSTREETS FINANCIAL REVIEW. |
New York. July Sin the review of the |
stcca market tomorrow, Bradstreet's VIII |
say:
Somewhat. unsettled conditions have pre- |
va.je6 in speculation during the past week, |
tts fluctuations beirg narrow and the act |
kity cf TIC market depending altogether |
Oh TIRE professional element. The foreign |
professional speculative interests, which |
bought our securities 10 some extent during |
May anG June. have apparently lquidated |
their holdings and are now credited with |
having sold Americans to a considerable |
amount for the short account. Realizing /
sales hav. apparently been exhausted. and |
there is no disposition 10 Equidate. Apart |
from the purchasing by shorts. whenever |
the market has shown any weakness. there |
also NO I'D seem 10 be q demand for stocks /
al corsesSions in prices.
The oVe'sha6owing influence IN the mar |
ket has been the tariff bill A generally |
firnler tone appeared when IL became po- |
sit:vely krown that the measure would /
pass the senate. but the realizet ton of tbs |
expectaton last Wednesday. and the SUBJ |
mission Of the bill to the conference COM /
m:.tee only served TO raise rumors of fresh /
de,ay arj, n particular, of further modi- |
cations o. the sugar schedule IN way to |
render II less acceptable 10 the refining in
Geo r Barse. Pres H Waite. Sec-Treas.
DADcE Live Stock
DANoL Commission Co.,
rooms 15s-lso 1--we Stock Exchange Bldg.
CITY MO