The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-07-21
STOCKS AND BONDS
STOCK MARKET CLOSES FIR1
'TWIXr TOP AND BOTTOM.
Sugar. Lead and Tobacco Strong Ia Antict.
passes Expectations, Scoring 1-s Per
Cent Advance, on the Top of Mondays
Eieht-Poiut Buiee-Grungers slide on,
on Profit MISUNDERSTANDING lofiaences
War With One Another In the later
Session-Bouds Continue to Advance.

New York. July 2n-The stock market,
after considerable early activity and
strength. closed firm below best prices bu;
at fractional ne, gains The strength in
Sugar. Lead and Tobacco was an antic.pa-
ton Of the benefits 10 be derived from the
new tariff. The Sugar company. having
secured a most acceptable schedule passed
by the house and presented 10 the senate.
failed 10 justify the fears OF a sensational
break entertained by some traders after
yesterdays e-ght-point advance. and on the
contrary opened up Il. per cent Subse-
quentiy is scored an extreme gain FOR the
day OF AZ per cent, establishing a new
record OF 1861 per cent, and thereafter grad
uaily declined. closed with a net gain of
+ "a per cent. Lead, common and preferred,
scored an extreme rise OF per cent on enor-
nous dealings; common, however, later lost
. half rs gains. Tobacco common only tenn
! porarily held lis one-point advance closing
unchanged, but the preferred remained
! per cent up. Generally speaking. the indus
| trials were firm on the winding up OF the
revision Of the tariff. Changers sid of
( somewhat on profit-tak.ng buI the list gem
orally disregarded LonGoa's changed att:-
/ tude in selling Americans. Reading first
/ preferred, on large purchases crossed 30
/ Per cent on rumors OF possible dividend
provided the coal roads continued 10 be op-
Grated tremendously. Generally speaking.
! fractional recessions followed the noon hour
| on successful; traders converting paper pro
/ fits into bank deposits. Prices were from
| time 70 time marked upward. but the ten
] dency 10 advance was checked by threat ten
! ed Democratic opposition TO permanent
! conclusion on the tariff, but on rumors OF
! the possibility OF the export OF gold, due
/ TO the large ante-tariff bill importstions.
! especially OF sugar and to discharge obi
/ cations due Europe for returned American
/ securities. the reported enormous decrease
IN the worlds visible supply and the conse-
/ Guent rise In wheat before the close iufiu-
enced d rally. as II would mean an increas-
/ Cd demand for our grain and, indeed, the
! large increase of exports OF general mer-
( chandise for The week shows the present
3 demand for our products. The changes IN
( prices of stocks OF a point or more not
| hitherto specified follow: Gains-Iowa Cen
trail preferred. pa per cent: Third Avenue
2; LaClede Gas. common and preferred and
Susquehanna and Western. the only i'm
rortant losses were East River Gas. per
/ cent, and Rubber preferred2 per cent.
The total sales OF stocks today were 49,
! !
ison preferred. 10, $40: Chesapeake and Ohio
$3.50; Burlington. $500; Louisville and Nash
Vile, In5; Manhattan, 2.215; Missouri Pa
! c-fic. $50: New York. Susquehanna and
Western. 400; preferred. 1872: Reading
1885; Rock Island. 1886; s.. Paul. Sc. 30;
St. aPul and Omaha, 5.43l: Wheeling and
Lake Erie. 3.275; American Tobacco, 10. $50:
! Chicago Gas. HOB; Lead. 3O,925. Pacific
Mall, 5.175; Sugar. So. 433; Sugar preferred.
3,ils; Tennessee Coal and Iron, $500
The bond market continued TO advance to-
! ward higher level on purchases which in
cluded a moderate sprinkling OF the gilt
edge issues. The inquiry for continental
account was mainly centered in the specula
! tive issues, with changes mainly narrow.
The aggregate sales were s2,5Oo.00o.
Government were pressed for sale and
yielded fraction on sales Of $4,000
LOANS. EXCHANGE AND BONDS.
New York. July 2O-Money on can easy
| at per cent. Prime mercantile paper 3Gf
per cent. Sterling exchange dun ard
! steady. Posted rates N.s7Gi4 STA and 81 $50
4sgs. Silver certificates. 6OI. 1sls. Bar
silver, co.'s. Mexicon dollars. 467s-
TREASURY STATEMENT.
| Washington. D. c.. July 2o.-Today's
statement OF the condition OF the treasury
shows: Available cash balance SCI, 04s, 95S
gold reserve s1i3.523.C54
GOLD SHIPMENTS.
New York, July DIT is more than like
iy that there will be a shipment OF gold.
before the end of this week The exchange
I market has been strong all week and two
OF the leading gold shipping houses are ex-
pected to engage gold al the sub-treasury
or bars al the assay Office in a day or two.