The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-07-31

| Naloe-heOrSoO 1OooS snow Spe-
ciaI Animstion-stocks Less Active
Than Usu.l Bot Bearing Up Fairly
Standard Securities Move Narrowly
! Unusual Interest In Northern Pacific
London Trading Restricted.
/ performers in today's market the volume
OF trading therein being the largest in a
! lang time, exceeding 100000 par value.
Mortgage securities were generally strong.
! special animation being shown in those OF
| re-organized roads and those undergoing
reha bilitatio
| Stocks were considerably less active than
usual. but bore up fairly well under the an
nouncement Of the engagement for export
! of some four millions gold. which was larg-
er than anticipated. A sustaining feature
was the pronounced strength in wheat.
European enga gements Of some 5000 bush
els from outports. The standard securities
moved very narrowly as. in fact, did the
! lCw-priced shares. Several usually active
securities, such as Delaware and Hudson.
Jersey Central, Sugar and Tobacco. failed
trading was considerably mixed Il be-
ing on the eve of the holidays in London.
trading was restricted there, and such as
there was came mainly from New York
buyers and the market abroad closed firm
The gold exports were partly due to three
months bills in settlement Of ApriPs large
importations, now becoming due. North
ern Pacific preferred was the most active
: stock in the list and advanced is per cent
On favorable earnings and buying by inter
ests in harmony with the president of the
Great Northern. The rumor was revived
that Daniel Lamont would be announced
as the president of the Northern Pacific
next week. Consolidated Gas rose two
points and sustained all bur a fraction Of
the gain on purchases by the same houses
interested in the pending consolidation of
East River and Equitable Gas companies.
Brooklyn Union Gas gained 2is per cent,
and Equitable sold at 80 per cent. 81.
Pal only temporarily responded to the state
ment for the fiscal year showing that about
531s per cent had been earned on the COM
mon stock. Some of the low-priced stocks
which have thus far failed TO participate In
tie recent rise. such as Chicago and Great
Western, North American and Baltimore
and Ohio were more active today and show
ed a fractional improvement. The re-or-
ganized Monon stocks. Chicago. Indianapo-
lis and Louisville. were dealt in for the
first time today. The qui;atons were s5.1
70 per cent for the common, 26i2flS per
cent for the preferred and 50 per cent was
the ruling price for per cent bonds. The
principal advances for the day not hitherto
mentioned were: Ann ArbOr, 4 per cent:
Rubber preferred. 2; Tobacco. Denver and
RIO Grande preferred. Detroit Gas, Erie
Telegraph Illinois Central. Mobile and
Ohio, Morris and Essex and Pittsburg. Gle
veland, Cincinnati, Chicago and ST. Louis
preferred, while the los in the Rio Grande
ard Western per cent; Rio Grande and
Western preferred and Des Moines and Fl.
Dodge.
The aggregate sales OF stocks today were
2s3, $50 shares. including: Atchison prefer
red, L, 1SS: Baltimore and Ohio. 3,1SD; Ches-
apeake and Ohio 80 2l5; Burlington, 1894;
Louisville and Nashville, 500; Missouri,
Kansas and Texas preferred. 1856; Ms
souri, Pac.fs, $3.50; North American, 500;
Northern Pacific. i.7sO; preferred. 1881;
Reading, 3,924is Rock Island. 5.99S; st. Paul.
15.s25; Southern Railway preferred. 1881;
Wabash preferred. 5.54S; American Tobacco
1852; American Spirits. 3,s15; Chicago Gas.
$50; Consolidated Gas, 1857; General EIec-
trio. 3,I65; Sugar. 3.345; Western Union.
1851; Chicago Great Western, s,4is.
The band transactions today were again
of large dimensions with the animation at
tended by higher prices throughout. The
speculative bonds were heavily traded in
with foreign purchasers of Atchison adjust
ment As on a large scale. Kansas City
consols and Oregon Short Line issues also
gained Substantially. The aggregate sales
were A.l15.oO.
Governments were neglected but harden
ed appreciably on bid quotations.
BRADSTREET'S FINANCIAL REVIEW.
New York. July 3o-In its review Of the
stock markets, Bradstreet's tomorrow will
say:
Speculation IN Wall street continues ac-
tive. and in spite of some irregularity IN
prices. has apronouncei bullish tone. Ex-
pectations OF a reaction as soon as the
passage of the tariff was accomplished rem
dered traders disposed 10 adopt the bear
side at the beginning OF the week. Con-
siderable profit-taking was seen IN TIE
erangers and in American Sugar on Mon
day and Tuesday, This selling was sup
pemented by offerings OF short stock on
the part OF the traders. who throughout the
week have been showing readiness 10 at
tack the market. On the other hand, an
outside demand for stocks asserted Itself
al concessions while the disposition to pur-
chase low-pr:ced shares that have not taken
rart in the rise, was a notable feature. Ex-
pectat:ons OF a reAvival OF general business
tended 10 create speculative confidence. and
the continuance Of favorable crop reports.
foreign purchases OF grain and accounts
OF the heavy tariff appearing on the west
ern roads have all Influenced spectators |
ard investors. A; The same time ii would |
seem that powerful financial interests are |
favorable 20 the bull movement IL they are /
not helping it.
The market was az the close OF the week !
disposed 20 pay some attention 10 the unex- |
pected strength OF exchange and unexqect- !
eddy large gold shipments today.
LONDON STOCK MARKET.
New York. July "a dispatch from Lon /
don 10 the Evening Post says:
Today there were active markets consif- /,
ering that 1t IS the eve OF the holidays. /
Except n South African stocks the tone !
generally was good, the features being 4
a little on profit-tak.ng. but a. The close I
we're firm. though manly OF American buy l
ing. there not being more than nalf dozen \
d. als-s in The street.
Ka:tirs were buOyant and the consensus ,
OF opinion Is that the activity next month I
will be IL them and Americans. There 4
" ere bear sales OF silver n the London mar 4
ket Since Tuesday. further sum % t9s
80 IL gold has been arranged for Shipment /
20 New York from Australia AMI the Mari
poSa takes half million soyergns IN al .
10 san Francisco.
LOANS. EXCHANGE AND BONDS.
New York. July sa-Money on call nom
rally a. ! per cent. Prime mercantile
pa per 3ds per cent Sterling exchange
steady. Etth actual business in bankers
oils a, ss7Gt ga For demand. and at ii-ssi.
"A ~. for sixty days. Posted rsteS t-Sa
ST. and a. ssai si4 Commercial bills
j. ~. Silver cert acates, SsG5e. tar s.