The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-07-07
STOCKS AND BONDS
COURSE OF TIE MARKET SHOWS
HOLDERS WAITING.

any Further Move Were Mnde-Day's
Situation Shows Fridays aud satur-
days Markets to Have Been Reaction.
airy, and Not Merely Apprshens:ve of
tho Holidays-TarI Situation Worked
for Something-Bonds on the Sag,
New York, July 6.-The Intention Of Sc
curity FOLDERS Clearly indicated by the tone
Of today's market FOR stocks was TO await
further developments il the general busi-
ness situation before dealing in the mar
ket. Buyers were unwilling to offer higher
prices than those At which the market clos
&c Saturday. Although the lower bids in
vited some offerings. which were quite large
for some s:ccks, there was no heavy pres
sure 10 sell. the majority Of holders appar-
emily Icing unwilling TO sell at the decline
as were buyers to bid higher. The mar
kat was. in consequence, dull Throughout.
some departments being quite le;harg.s, the
dullness being less marked in leading gran
gers and ircustr;al stocks. ST. Paul and
burlington absorbed about one-th;rd OF he
total dealings. Z total which fell 5eio4 49,
ecJ shares. The days trading was a clear
enough inc;Ca,..;r that the heayIn.ss If
Friday and Saturday was not merely cue
10 hesi;aucy on account OF the Approaching
holiday, but TO actual reaction in tie mar
ket. Most tra3ers would give as !. reason
for the.r disinclnation to buy. that they are
convinced tia. prices have advanced as
fae as is warranted by the general outlook
for business. The bears also find The labor
h 'a. fy h.. ~
effective weapon. The lawer prices for
American se-nril.es N London were SAID TO
be due &c the reports OF the soft coal s:r'sc
c11led from Tbs size, and the London ;rice
af=c7ed values here sympathe cai.y, quite
Sharply In SINE cases. The fac. thar TIE
Consideration OF the tariff bill mad reached
u only a few remaining items gave rise 10
the ficod Of sumises usual to such stage
N important legislation as to irreconc.Iaolc
differences or these items. and the I,oss,ble
failure of the t:H. These surn,lses were
made the N )s; OF by the bears. Later Ie-
per;s Of the adjustment of sone Of the Of
fererSes OF TIE tariff bill items and pull
Eshsa assertions as to the lasscned Jmen-
siops y: the strike. compared wiih earlier
reports. were influences in bringing about a
rally in the Tarket. The rally iii not
wipe out the earlier declines entirely. 81: I:
left tine ne: losses generally sma;! Tae
extreme loss IL, the leading shares general
~ eIualed or exec eded point. Suga; fl:;-
~ recovered ard gained Is per cent .ct, ard
Lead showed d fractional net gain New
Jersey Contra! declined per cent, Du: re,
cofe:cl all but a fraction. Louisville aia
Nashville c'sed point of; Bay Sta 90
Gas was stlons all day, and closed rs Ter
cent higher. Minneapolis and ST. Louis
also advanced IL per cent at the close.
Otherwise net changes showed fractional
losses in the active list
The bond market sagged generally In sym
pathy with the stock market, but the losses
were small, except in few less well known
mortgages. Total sales were N113OOo
Government bonds steady on bid quota
tons. no transactions being decorded.
LOANS. EXCHANGE AND BONDS.
New York, July 6.-Noney on call nomin-
ally at 1Ad11a per cent; prime mercantile
paper 3q4 per cent; sterling exchange very
steady with actual business in bankers bills
at SlS6}4 a4.s7 for demand. and at s.. $3.50
4.S for sixty days; posted rates Sc. SIsd1
4.s1ia and Si.SSQi.Ss12: commercial bills $iS5.
Silver certificates 60ls160ik: bar silver, co;
Mexican dollars Il. Government bonds
firm; No tours registered. rs; new tours
coupon, ISIS; fves registered 1l45s; fives
coupon, HIS: fours registered 1117s; tours
coupon 1l2; twos registered, 9514; Pacific
SKIES of SO 1919.
TREASURY STATEMENT.
Washington. u. c., July 6.-Today's
statement of the condition of the treasury
shows: Available cash balance s23s, sss, IA;
gold reserve s1i1, $4,000.
SILVER SHIPMENTS
New York, July 6.-The steamship St
Paul Will take out $4,000 ounces Of silver to
Europe tomorrow.