The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-06-30
STOCKS AND BONDS
STOCK MARKET Is ONE TO DELIGHT
PROFESSIONALS.

64UJA AAnAbl - UNh ~ ObA1G n
PROFESSIONALS
Fluctuations Ia Many Of the Leading shares
are wide ana very Erratie-s sugar and
Chicago Gas Resume Their sway aud
Baggage In an sorts Of ADslca-LOndou
Settles Rack to Business aad Chlls the
Enthusiasm ON This sids-Exchan=s
situation More FavorsbIs-Bones Keep
Up Despite ssOcks-Brsak in Kamrs
New York, June 2s.-The market tOr Sc
cur.ties today was one to delight the pro-
fessional trader, fluctuations in many Of
the leading shares being vide and very err
ratio. Sugar moved over a range Of 81
per cent during Ike day, dancing up and
down in its Quotations and was as cratic
and even more active. The range of these
two great centers Of speculation was above
last nights close in the early dealings and
especially of Sugar and this teaded to re-
strain the distinct tendency towards reac-
ton which was latent in the market all day
and which finally overcame the whole list
The London exchange was fast settling
down to normal activity again after the in
terruption Of the jubilee festivities. and
prices there reflected the opinion Of dealers
that the advance of prices on the New York
exchange had been more precipitat than
was warranted by the conditions This In
f1uence was reinforced byheavy selling here
7 Die f- fscsp
generally were feverish, especially the gran
gers, and sagged to marked degree, aside
from special cases, giving a very irregular
aspect to the market. General strength
and rally followed the publication of the
Burlington statement for May showing an
increase In net earnings OF Sa0e50S The
lowering Of posted rates of exchange half
cent, to A.S65s for long and s4.sS for short
bills. impaired confidence, rejecting the
weakness Of the exchange market and the
probability that gold shipments would be
lighter or entirely suspended this week.
But when heavy liquidation In Sugar and
Chicago Gas set In during the final hour
the doubts of holders returned In full force
and stocks of all the leading properties
were thrown over at a lively rate in fever
ish desire to realize and prices were general
day. Apartial rally nj Chicago Gas st!f-
fened prices above the lowest. leaving final
results mixed betgeen gains and losses.
Most of the pFominent shares show losses
extending to la per cent in Sugar, III per
Burlington, Rock Island, Louisville and
Nashville and Manhatta. Northern acifc
preferred developed heavIness on the be-
of hat he l>a%~x ~,
trests and tn voting trustees wer about
TO eliminate. The coalers resisted the
general heaviness on the increase In the
circular rates for anthracite coal. Among
the most prominent stocks TO show gains, l
though only fractional were Tobacco, which
was strong and very active during tho
greater part Of the day; New Jersey Gen.
trail, Omaha, Tennessee Coal and Iron and
st. Louis Southwestern. In the inactive
list somes marked net gains were shown
East River Gas preferred rose AZ per cent
over the last sale and the common stock
rs per cent. Rio Grande Western rose
per cent; Rio Grande Western preferred
2A per cent; Illinois Central, per cent;
Cleveland, Cincinnati, Chicago and st Louis
preferred and Colorado Fuel, 2 per cent.
ana LaClede Gas preferred, Lead preferred,
Michigan Central, Minneapolis and st Louis
second preferred, Spirits preferred and To-
bacco scrip a point or over. The volume
of transactions vas almost as large as yes
terday, but over three-fourths OF the deal
ings were concentrated in Chicago Gas.
Sugar, The grangers, Tobacco and Atchi-
son preferred
The upward movement in railroad mort
cages was continued with considerable Wig
or despite the extreme heaviness OF the
stock speculation. The inquiry embraced
a large variety Of issues, In which notably
high prices were recorded generally. Some
few bonds suffered from liquidation, par
ticularly American Spirits skies. which lost
4 per cent. The sales were $2.405,Oo0
Government bonds were steady at big |
prices and were without sale.
FOREIGN STOCK MARKETS.
New York, June 2s.-The Evening Posts |
London financial cablegram says:
AFTER a firm opening in the stock mar !
ket today there was a general reaction, led |
by sharp break Ia Kaffirs on unconhrm- |
cd rumors that two Of the Transvaal judges |
had resigned. Kaffirs closed weak, but |
above the worst. Americans reacted on |
symptoms Of profit-taking In New York and |
III sympathy with other markets. The |
readiness with which all the stocks offer |
ed was absorbed. however convinced oper- |
ators how the market had broadened and |
and sharp rally taking place |
the leading shares in the street continued |
to rise. The American Cable company's |
shares are considered suggestive. The Paris |
and Berlin markets were steady"
London. Eng. June 9-Consols for mon
ey and the account. l1z5s.
LOANS. EXCHANGE AND BONDS.
New York, June 2s-Money on call easy /
at 1Q1H per cent, last loan TX per cent, /
closed IAdfat per cent; prime mercantile |
paper S94 per cent; sterling exchange very /
heavy, wtthactual business IN bankers bills /
al $4.Sd4S7A for demand, and at Sgz9 |
SO for sixty days; posted rates Sisg5ka4s 81 |
4 and SsS55 Commercial bills. SIS: sil- 1
yer certificates S0SsG5s; bar silver, GU
Mexican dollars 47iz. Government bonds 1
firm, state bonds dun, railroad bonds ac-
tive and ssrong.
TREASURY STATEMENT.
Washington, D. c., June 8.-Today's /
statement CT the condition Of the treasury /
shows: Available cash balance 81 81, 80;
gold reserve s14o S4,57z
SILVER SHIPMENTS.
New York, June z9.-The steamship Paris
VII take out tomorrow 10000 ounces Of
silver.
GRAIN AND PROVISION MARKETS.
CHICAGO.