The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-07-22
STOCKS AND BONDS
STOCKS CLOSE STRONG AT A BET
TER LEVEL OF PRICES.

|
Others That Usually Don's On. Much
FiEure-BuiSe In the Price OF Wheat is
an Extremely Favorable Iafiuepce-Bc-
sides This are the TreasuFy's Gain, the
Fine Crop Prospect and the Tariff Out
look-Grangers in Special Demand
Bonds at a Higher Level.
New York, July 21-The stock market to-
/. day generally was steady to firm, but al
the closing was strong al better level for
not only the active shares, but also far
/ shares usually quiet and unobstrusive One
( OF the most potent influences was an ex-
/ IRENE rise in wheat. and the exports OF over
q million bushels OF wheat, while yesterday
the enormous quantity OF a million and a
half bushels were engaged for export. which
| IS the largest days business in a number OF
years. Other influences were the treasury's
, continued gain in gold, the favorable crop
outlook and prediction of the tariffs early
! becoming a law. Predictions were no,
/ wanting that this country would have a
| large credit balance abroad next year. al
! though there was possibility OF moderate
| gold exports soon. Speculative and COM
mon houses orders were sustaining infu-
| ences in the local market, while foreign
! bankers maintained that recent London
! sales were really tie liquidation OF pur-
! chaseS in London for New York account
Top prices for the present movement were
! recorded by Chicago Gas. Rock Island
Brooklyn Rapid Transit, Lead. Chicago and
| Great Western, Missouri, Kansas and Texas
| preferred, as well as some less notable
stocks. Compared with a month back,
| twelve Industrial stocks are quoted today
at an advance of over per cent while
forty railroad stocks are up over 2I5 per
cent This rise, OF course, is a constant
temptation TO those who, for several years,
have found short sales at every sharp ad-
vance ultimately profitable, but bulls argue
that the improving business situation and
expected increase in railway earnings may
carry the market above the figures prevail
ing before the 1898 panic. Sugar rose 10
1872 per cent. receded TO 1922 per cent,
and closed with a net loss OF IA per cent,
1t is claimed in some quarters that the in
terests most active in the recent advanc OF
the specalties have realized on much Of
their holdings, but there is TO way of veri-
flying such rumors. Lead was buoyant on
buying attributed to tariff changes. Chica-
go Gas advanced on confident buying in
view of the dividend expectations. Con-
soidated Gas broke 4 per cent, part of
which 1t subsequently recovered. The dis
turbing feature seemingly was the fear
that the Consolidation OF other companies
if il materialzed, would lead 10 sharp COM
petition. The granSers were in particularly
good demand. notably Rock Island, which
improved on reports OF immense crop re-
suits in Kansas and Oklahoma. Crop
prospects also strengthened Southwestern
stocks, especially ST. Louis and Southwes-
tern preferred and Missouri. Kansas and |
Texas preferred. Hopes of an early set
Element of the soft coal strike uplifted Ten |
nessee Coal and Iron. although the June /
report was far from favorable. Wheeling 1
and Lake Erie preferred was also benefit /
ted by the former influence. The rise In |
Brooklyn Rapid Transit was on the con-
viction that important street railway reun- |
ions were approaching. Notable gains OF /
a point or more follow: Canadian Pacific, 1
224 per cent: Lead. Brooklyn Rapid Transit, 1
Brooklyn Union Gas. Rock Island. Detroit |
Gas, Kansas and Texas preferred. st. |
Louis and Southwestern preferred, Oregon /
Navigation and Wheeling and Lake Erie |
preferred; while declines were noted in the |
following: Hooking Valley preferred. ) |
per cent; Cleveland, Cincinnati Chicago (
and ST Louis preferred. 3i2; Iowa Central |
preferred, 3 and oregon Short Line
The total sales of stocks today were 43O-
500 shares. including: Atch;son preferred.
5.5l5; Burlington. Il, 400; louisville and Nash |
vile. 1880; Missouri Pacific 42S1 Missouri,
Kansas and Texas 10O31; Rock Island, H.
SEQ; ST. Louis and Southwestern preferred,
5,133; st. Paul. 21.9is: American Spirits. s.
81; American Tobacco. 1870; Chicago Gas,
$3.50; Sugar, 5o,3l6; Tennessee Coal and
Iron. $3.50; Lead. 1891.
Business in railroad and miscellaneous
bonds was in considerable volume at mark
ed enhancement in values OF some securi-
ties. The Central George liens responded
notably 10 the favorable statement Of the
fiscal year. and some of the active issues re-
ce!ved better support than for some time.
The aggregate sales were $. 267. co..
Governments were firm on light trans
actions. The sales were 5000
FOREIGN STOCK MARKETS.
New York, July 2i.-The Evening Posts
London financial cablegram says:
The stock markets were listless today.
the only feature being the extensive buying
of Canadian Pacific. the rise IN which was
stimulated by the new gold fields The
Greek division brought 900 shares in a
line. They closed at 20. Americans were
neglected here, but the market was impress
ed by the contancy of the support in New
York, and IL is believed that :. tbs sus-
tanning influence continues much lor ger. the
public may invest soon. Gold is IN strong
demand again for the continent and about
f5O0,090 due 20 arrive on Saturday mex; has
been bought for export This demand. |
with the rise in New York exchange. is &C
cepted as ind. cating that the United States
may lose little gold for Europe The
Berlin market was quiet: Paris was firm"
LOANS. EXCHANGE AND BONDS.
New York. July 2l-Money on call easy
az Idlia per cent; last loan per cent: closed
offered per cent. Prime mercantile paper
SGi per cent. Sterling exchange steady,
with actual business sin bankers bills a. !
Ss5is for demand, and al s. So. for sixty /
days; posted rates S4s7a4Sla ard sssT
4 ssi4: commercial bills $751; Silver Ger
So. aS0is; bar silver. 5S7s: Mexicoa
dollars is34. Government bonds firm:
state bonds quiet; railroad bonds firm.
GOLD SHIPMENTS
New York. July 2l-GoId 10 me amount
OF 10000 was withdrawn from the sub
trastIry here today. for shipment 70 Ca
NADIA.
COFFEE AND SUGAR MARKETS