The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-08-14
STOCKS AND BONDS
STOCK MARKET CALLS SOMETHING
OF A HALT ON ITSELF.

rectiy, BESIDES Wn1cD 10 the OeoeEa
Consideration That It's Good Times fol
Everybody When It's Good Times fol
ness-Bonds Unsettled.
New York, Aug. 13.-Quite a number
| of factors combined today TO exercise a
rather depressing influence on values on
the stock exchange. There also were
other incidents which, while not caucu-
lated TO have any effect on intrinsic val
YES, served to put a damper on the spec
ulative ardor which had become rampant
in Wall street The tone Of weakness
and hesitancy in the wheat market on
account of lower prices abroad and d.
unfinished export demand were most
keenly felt in the stock market. The
grain-carrying roads Of course showed
the m1st sympathy with the wheat mar
ket, being most Immediately affected.
But every department Of the market was
more or less Influenced on the ground
that the return Of general prosperity will
De more helped by good prices to the
farmer for his crops than by any other
one thing. Besides this very important
influence towards a halt in the rise Of
prices, was the more substantial and
solid element of speculative buyers look
ing decidedly askance. at the speculation
which broke out yesterday and today in
what the street aptly termed cats and
dogs" meaning discarded odds and ENDS
OF stocks and securities which no longer
represent anything Of any apprecia bic
value in the whole world. There was
more or less movement in this class of
stocks, as was the case yesterday, but
advances were by no means effected as
yesterday. Even the recognized bull
operators discouraged the movement in
this department of the market, it being
an accepted maxim that activity in it
presages the elimination Of bull move
ment and subsequent reaction. This
consideration combined to induce some
large selling to realize on many OF the
stocks which lead in the speculate
The only aggressive strength displayed
during the day was by some Of the great
industrial stocks, which have recently
been rather neglected. Sugar beng the
most notable example. These succumb-
ed with the rest of the list TO the down
ward tendency before the day was over.
OF the grangers, Burlington. St. Paul and
Chicago Great Western were most active
showing sharp declines at one time from
the early high point of from 3-S to Is
per cent, the latter in Burlington Union
Pacific, which continued quite active, re-
ceded at one time 1 3-S per cent, but
partly recovered.
THE DAYS SALES.
The total sales of stocks today were
$685. shares. including: Atchison $3.50;
Atchison preferred 1851; Chesapeake
and Ohio Il, 4O7; Burlington 1850; Dem
yer and Rio Grende preferred $3.50; Erie
(new) 1880; Hooking Valley 4076; Illi-
nois Central $3.50; Louisville and Nash
vile 1910; Missouri Pacific 1915; Mis-
sour Kansas and Texas preferred 1900;
New York. Susquehanna and Western
preferred BIS; New Jersey Central 1855
New York Central 3,219; Northern Pa
cific 1875; preferred 1850: Reading A.
500; Rock Island 1885: st. Paul SO, 7S5;
Railway 6,SO6; preferred 49,
life 30.120; Union Pacific. Denver and
iulf $500: Wheeling and Lake Erie
;.449; American Tobacco 1915; Chicago
Jas 1850; General Electric 1920; Lead
u SO; Pacific Mail 1890: Sugar q, 700: |
Western Union S.615; Chicago Great |
Western 34,4l9.
BONDS.
A fairly strong tone permeated the |
,ond speculation during the greater part |
# the day, but in the late dealings the |
marked depression in the stock market |
.xerted an unsettling effect on the specu |
q tive issues generally. The aggregate
ales were s2,S25. 900.
FOREIGN STOCK MARKETS.
New York, Aug. 13.-The Evening |
'ost's financial cablegram says:
There was a general reaction in the
took market today. Americans opened /
ull on the New York quotations of this
norning. There was a sharp rally at
midday. but as sharp a fall al the close.
ne finish being fiat at hte lowest. The |
eclne was partly due 70 New York tao
les and partly TO the fall OF wheat.
az am told CT htFarehnSHRDLUH
II am told that French buying has
eased for the moment. This in no way
in spite of the recent selling of Amer
ans here, the best opinions consider
what / cabled about French
iat American securities ara too we'll
established now TO beshaken by mod
rate reaction. A healthy shake-out will.
5 believed. induce fresh buying.
Bar gold Is quoted a. as IL 7-Sd. but
here has been no further sale OF bars
y the Bank of England. thus confirm
lg the exceptional nature OF the sale
,rly in the week.
"Katfirs were dull Interest in them
enters upon the mining reforms and
lie concessions by the 'Transvaai gov
-nment.
"Today's London discount for three
lonths is 1-2 per cent but the forward
notation for next week is l SIS per cent.
rench exchange was quoted al widely
fferent figures at the close, ranging
ON 25.17 TO 25.19 IL.
Paris and Berlin were steady. French ,
Ichange has again risen sharply. The
.ason IS understood To be the large sales
wheat drafts by New York on Paris,
JUS threatening gold exports from ,
rance. French merchants are there
re buying bills on London in order 10
ip gold. If necessary. from there"
London. Aug 13.-Consols for money !
, SIS: for the account l12 7-l6.
STOCK REVIEW.
New York. Aug. 1S.-Bradstreet's re-
ew ot the stock market tomorrow Will
y:
After little hesitation at the begin
ng % the week. the market has broad !