The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-08-15

1 In consequence of the reaction in the mar
| ket net changes on the week in the prices
| of stocks are not wide. the gains extending
to points in comparatively few of the lead
! ing stocks. Burlington, however, rose 4
| points and Chicago Great Western "a per
| cent. Other noteworthy gains Of two points
| or over We're: Sugar, Atchison preferred,
| S5s per cent; Buffalo, Rochester and Pitts
| burg preferred. Baltimore and Ohio, AZ per
| cent; Cleveland, Cincinnati, Chicago and
St Louis preferred, 10 per cent; Hooking
! Valley, Lackawanna. Denver and Rio
Grande preferred, Evansville and Terre
Haute, per cent; preferred, 5 per cent:
Great Northern preferred. per cent; Met
| ropoEtan Traction, AZ per cent; Mobile
and Ohio, 81 per cent; New York, Chicago
and St. Louis preferred, 81 per cent; second
| preferred, 31z per cent; Northern Pacific
| Preferred, 6Iz per cent; Pacific Mail, Pitts
burg, Cincinnati. Chicago and st. Louis;
| Fort Wayne, 3 per cert; Rubber. 3as per
cant; Union Pacific, AZ per cent: Wheeling
! and Lake Erie preferred. 5Ss per cent; Ann
| Arbor preferred and ST. Louis and San
| Francisco second preferred.
Important declines were shown In To-
| bacco, Brooklyn Transit, Brooklyn Union
Gas, Canada Southern, Canadian Pacific,
| Illinois Steel. LaClede Gas, Manhattan,
Manhattan, New York Central, iPttsburg,
Cincinnati, Chicago and st. Louis preferred,
Spirits and Oregon Navigation preferred.
BONDS.
Transactions in bonds during the week
accurately reflected the views of investors
regarding the financial and commercial out
look. Values of many securities appreci-
ated notably, and the dealings were attend
ed with more animation and breadth OF
trading than has ben evident for years.
Long dormant issues loomed into promin-
ence and liens of leading re-orsaniZed roads
were in especial favor. Purchases for con-
tinental account embraced round amounts
OF the g:lt-edged and speculative mort
cages. The active issues absorbed the
great bulk of operations and general gains
were registered with the Atch;son, Kansas
ard Texas, Ere, Mobile and Ohio, San An
tonic and Arkansas Pass. Rio Grande West
ern, Chesapeake and Ohio and Standard
Rope mortgages figuring for TO per cent.
The enhancements elsewhere were more
notewcI thy an some cases, irciCding Union
Pacific sipk!ng fund Fights trust receipts,
ca Per cent; do cola teral fves. ga per
cent; Kansas Fa-ific consols trust receipts,
So per cert, and Oregon Short Line IN
comes series A, 4 per cert The eggre-
gate sales were 80 s45. CO.,
FOREIGN STOCK MARKETS
New York. Aug. 1.-THE Evening Posts
London financial cablegram says:
The stock markets were fiat here today
on the Afghan news coming as 1t did on
under the parity, but prices closed frac-
ton above the lowest
London. Eng, Aug. 14-Consols for mon
ey 1925; for the account 1l2 3-l6.
LOANS, EXCHANGE AND BONDS.
New York, Aug 14-Noon: Money-On
call. nomnally to per cent; prime mer-
camille paper 31494A per cent; sterling ex-
change weak, with actual business in bank
ers' bills at si.S3la for demand, and at S4.S5
3sT1a for sixty days; posted rates, A.S46 !
4.s5 and s1.s61zf4.G 81; commercial bills SASH.
Bar silver SOC; Mexican dollars 42c. State
bonds quiet; railroad bonds firm; govern
znent bonds firm; new As registered 125ti,
coupon 12514; SIS registered 1885 coupon
1875; As registered HIS coupon 112.
SILVER'S 10 WRECORD.
New York, Aug. H-Bar silver establish
ed new low-price record today, selling al
251ad in London falling I'd from yesterdays
price and I'D below the previous low record
In New York bar silver was quoted AT sc. |
Mexican dollars sold today at 42c.
TREASURY STATEMENT
Washington, D. c., Aug. H.-Today's
statement of the condition of the treasury |
shows: Available cash balance, s226. les, liz; |
gold reserve, Sfl ,569. i57.
WEEKLY BANK STATEMENT.
New York, Aug. 1.-THE weekly bank |
statement shows the following changes: |
Reserve, increase s. 119, 400; loans, increase |
s., COS 100; specie increase s4S2 500; legal ten
ders, decrease s1,5l2.500; deposits, increase |
81 357 500; circula ton, decrease sl99, 200. The
banks now hold $50, $50 725 in excess of the |
requirements OF the 25 per cent rule.
New York, Aug. 1.-THE New York Finan |
cter says:
The bank statement for the week ending |
August II, reflects more accurately than 1
usual the revival of business. The items OF |
the loans shows continued expansion, the |
total now being $3.50. 500, or $50. $50 |
higher than in any record made previous to |
this year. In the past month loans have
increased no less than 81 100000. and in
sixty days the expansion has been approx |
mately s420co0o0. In the past week no /
less than thirty-nine of the sixty-ive clear
ing house banks swelled their loans. the |
National City and the Hanover National |
leading with combined increase of S.
3 s. 600. AS there are no special causes to
account for the fluctuations in loans other
than reviving stock exchange business. mer
camille demands and inquiry for re-dis
counts, the healthy nature of the business
" hich the New York banks are doing be-
GENES apparent. The interior movement |
IS almost at a standstil. and a great deal
of money IS floating out of New York in
10 the immediate needs in the
south and west. Some OF this money Is
going direct, but banks in interior reserve
cities are supplying smaller correspondents
with funds and vii ldraw on their New
York balances later on. In fact, some of |
them are doing so now 1t is a foregone
conclusion that the demand for money |
which would cause a rise in money RACES
and quotations may be expected 10 reach |
d slightly higher level than that obtaining
az present Even sSs,aoo00o surplus re-
serve must shrink rapidly in the face of
heavy borrowing and losse 10 the interior.
On the other hand, there is no longer any
doubt that gold inportations will begin
before the end of this month.
This will. of course, constitute an extra
supply of funds and may supply some of
the losses that otherwise might occur. For
oign bankers do not attempt 20 estimate
the total of this falls imports. but private
opinion places ii al S0.0oO.oo0 and over.
The gold VIII not be drawn into the treas
ury Ii is noticeable II this connection
that The banks OF New York hold only ST.
e00,0o0 less gold than legal tenders. The
present total s2S.6l23 300. is s45 600 300 larger
than reported just one year ago. With an
active market this fall. and winter. gold
may be freed into circulation both from the
and from the banks.
WEEKS EXPORTS AND IMPORTS
New York. Aug. 1.-THE exports OF specie |
from the port OF New York for the week |
amounted to $751;. S4s in silver. The I'm
ports were: Gold, SS45. ga: silver S3i02; |
l-y cro,dS 81 Iss "a. general rnerrhanSis. |