The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-06-29
STOCKS AND BONDS
UPWARD MARCH OF STOCK VALUES
Is CONTINUED.

nation of the Dealings and the Strong
Upward Movement in Prices-Excep.
tions are Stocks Hecsutly Leaders In tn .
Advance, But Which Experience Heavy
Realizinx-BrIsk Demand for Bonds, at
Higher Prices,
New York, June 2S-Today's market
for securities was marked by the large
volume OF the transactions. and the
great animation Of the dealings. as well
as by the continued strong upward move
ment Of prices. The marked exceptions
to the great strngth were the five stocks
which have been recent leaders OF the
advance and in which there was heavy
realizing today. This realizing was 20 a
large extent by the professional element,
and represented simply a transfer OF
holdings from stocks that have moved
freely upward 20 others that have Jagged
10 the advance. their calculations being
evidently that the advance Of the lag
CARDS is merely deferred. Such trans
fer was made on a very large scale from
Burlington to St Paul The latter stock
has not moved as freely as the other
grangers, and Burimgton's relative price
has come up from below that OF 81 Poul.
This has led professional traders 30 take
their profits in Burlington and TO trans
fer their holdings to St. Paul. The Jump
in the price Of St. Paul at the opening
caused some sales Of the stock by the
aroitrsge brokers for London account,
which served as a partial restraint on
its advance. Similar maneuvers to this
transfer were executed a. other points
in the list. Considering the proportiop
OF this liquidation, the prices Of the
stocks affected we're singularly firm and
steady. and even strong in some cases.
St Paul led the lis. with sales of 5000
shares. ana Sugar was less than l.e00
shares behind. About $1,000 shares OF
Chicago Gas also changed hands. TIE
total sales Of all etocks were 100000
shares. which has not been exceeded or
eaualed si12s the three days following
election last fall. Besides the extraor-
binary volume Of the transactions. the
wide distribution was notices bic fea-
ture. The dealings were disseminated
all through the inactive list and even
the soft coal roads, whose values were
at the lowest ebb as group Of any on
the list. came in for a share of attcn-
ton. Hooking Valley enjoyed raise Of
from 2 1-2 to 3-S per cent. Sugar
showed very aggressive strength all day
and gained / SIS per cent net. Chicago
Gas advanced 2 5-S per cent Net gains
were the rule and extended 10 point or
over, while Brooklyn Rapid Transit
gained 1-2 per cent and Lead, Central
Electric and Chicago Eastern Illinois. Z;
Long Island s; Denver and Rio Grande
preferred. Illinois Central. Oregon Short
Line. ST. Paul and Rock Island and Con-
sol:dated Gas gained 3-S per cent each.
Colorado Fuel lost / IA per cent. with
recovery. 81
The brisk demand apparent for rail-
way and miscellaneous mortgages was
reected in substantially higher prices for
many issues on transactions of s2.160, 900,
OF which about 81 coo 900 was dealt in
during the first hour OF the trading.
The purchases OF the high grade secur-
LUIS NCLC N-tdl lLCo AAioSC4ia2
fluctuations. Round amounts Of the
liens were taken for invest,
ment and speculative account with con-
siderable confidence. with the foreign
interests absorbing offerings in interna-
tional properties.
Governments were quiet bu: displayed
a firm tone. with some issues improv-
ing slightly. The sales were $1,000.
FOREIGN STOCK MARKETS
New York. June 2S.-The Evening
Posts London financial cablegram:
with the practical conclusion of the
jubilee celebration, stock exchange bus;-
ness is increasing. The tendency at the
moment is remarkably towards specu-
la'ion in Americans and Kaffirs. Bulls
on English rails are realizing and going
10 those markets. At the same time it
must be supposed that the English pub
lie is really declining largely either mar
lIet. II the first place. attention is still
distracted by the jubilee and in addition
the people have been SO bitter in both
directions hat their consequent shyness
now IS a serious point 10 be considered.
First class professionals, however, are
buying Americans and Kaffirs boldly.
The former are bought on the belief tina.
trade in the United States has really
turned the corner, while the fac. that
nearly all stocks are on the American
SIDE OF me ocean with a scarcity here,
favors the notion that American holders
mean 10 keep up the prices. The close
vas nearly at the best. A feature was
the sharp rise in Argentine provincial
and other hitherto neglected bonds. TIE
Faris bourse was uncertain. but the close
was better. although the market Is dis
;urbed by the approach OF the settle
ment The Berlin market was firm az
ter a period Of dullnesS.'
LOANS AND EXCHANGE.
New York. June 2S.-Money on call
easy az l9l IA per cent: last loan 1 per
cent: closed az Ia per cent Prime
paper S9i per cent. Sterling
exchange weak with actual business n
bankers bills a: sIs7Gts7 IA for de-
mand and al si.sSG4ss IA for sixty
days Posted rates s4S1T4s7 l-s and
s.. SSG4sS l-2 Silver certificates $50
5 80 Barsiver 90 SIS. Mexican dol
lars a. -. Government bonds strong:
state bopds dull; railroad bonds strong.
TREASURY STATEMENT
Washington. June N.-Today's state
neat OF the condition Of the treasury
shows: Available cash balance $685.
l4o.o gold reserve Slio.557.ses.