The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-08-03
STOCKS AND BONDS
NET RESULT GENERAL AVERAGE
GAIN, IN STOCKS.

Outside Buying Takes the Sag Out Of ths
Market, Which Teadeacy Develops .,
Times-Bears Undertake tn Improve IN
Apparent Opportunity But are Baffled-
Crop Damage Reports Have Only Tran.
silent EfYect-Number OF Iudustriais Es
pecIally Strong = Changers Recover
From the Early Attempted Raid.
New York, Aug. 2.-Tne market for
stocks today displayed an irregular
tendency al times, but the net result Of
the days trading was general aver
age gain extending all through the list.
II was the general outside demand in
the market, shown by the purchases
made by the commission houses that
checked the slight sagsing tendency
! which developed at some points in the
( list. The professional bear operators
who are constantly watchful for the re-
action which they think must come az
{ ter the long upward course OF the mar
ket, made some attempt to take advant-
age OF this sagging tendency and 10 ex-
tend the weaknesses through the list.
But they soon retired from the field.
Some reports Of crop damage gave the
ground for a selling movement in the
grangers and also in the southwes,erns,
7 but it was short-lived. The commission
house buying which sustained the gen.
eral list was supplemented by the large
| buying in individual stocks. melted by
Special causes. Consolidated Ga4 con-
tiaued TO show the aggressive strength
which has characterized II recently.
This strength is believed TO be connect
cd with the approaching declaration OF
dividend. Other local gas securities
failed to develop activity or to show any
sympathetic strength. Chicago Gas,
however. continued its upward course
and It's pace made the long predicted
passage of the par mark, selling as high !
a. 1000 IS per cent.
This is a new high-priced record, the |
previous highest price, $685. per cent be- /
ing made several years ago, but only |
momentarily maintained. The Northern |
Pacific preferred stock was also q center |
OF strength, due 70 the belief that the |
voring truhst had agreed upon a basis
Of harmonious adjustment with the in
terests in sympathy with Great North
ern. The price rose Is per cent, but re-
acted partially on account Of the diff
ficulty in securing any authoritative con-
firmation OF the very explicit reports set
afioat regarding the choice OF the new
president.
number OF new industrial! stocks were
strong, notably Sugar and To-
bacco. the former showing recuperation
from rs depression after las. week. and
rising SHARPLY on short coverings Leath-
er was also prominent. The Changers
overcame the early attempt
at raid and developed strength. Chesa-
peake and Ohio was strong on the state
ment Of the earnings. The weakening
OF the exchange market was the refu-
tation Of bear rImors that further heavy .
gold shipments were to be made this
week. The gains which were general
extended to poin, or over in Sugar.
,312 per cent?; Consolidated Gas 51a per .
cent; Chicago, Indianapolis and Louis
Vile. 21z per cent; Ann Arbor. 2 per
cent; Western Gas. 21s; Tobacco. Cotton :
Dill, Brooklyn Rapid Transit. Cleveland. '
Chicago Cincinnati and ST. Louis. Chi O
ago Gas, Illinois Central: Metropolitan
fraction, and Ann Arbor preferred. The
noteworthy declines were Lac.ede Gas p c
Ter cent: East River / per cent, and =
Missouri Pacific a fraction. 3
Business continued N large volume in a
ne bond market. the speculative issues g
bsoroing the bulk OF the dealings. Kan II
as Pacific consols showed decided q
trength but realization caused heavy n
one in the Atchison mortgages Sales
rere 1850. 600. s
Governments were dull but firm on
urchaseS of 81, 900.
New York Aug money on call =,
ominally at l per cent. Prime mer- n
antile paper 394 per cent. Sterling ex- "A
hange heavy with actual business in ~ ~
anker's bills at 4s7I4 for demand and
: 81 $50 for sixty days Posted raIes
.s144 S7la and "a ssG4 $50: CONNER s..
al bills 81 S51a; silver certificates ssh; \
ar silver SIS. Mexican dollars 45I. .,
Overnments firm new; tours regular a
,5Ss; government new tours coupon a.
SIS: regular 49,; regular coupon a.
3la; tours regular 117G11711.
Washington, July 2.-Today's state II,
ent Of the condition Of the treasury ~
lows: Available cash balance, $685. 81
6.i56; gold reserve, $40. SIT ,09s.
GOLD SHIPMENTS.
New York. Aug Gold coin amount
g 20 $50 900 was engaged at the sub es
aasury today, 10 be exported TO Eu- ma
pc tomorrow. for the account OF Kid to
It. Peabody & Co. This will make the ne
and total Of gold exports since the VI
esent movement began ssS.4a573. oe
EXCHANGE IN MEXICO. ~
City OF Mexico. Aug. New York ex- %.
angs was today al a premium OF 122 :
: cent Latte business was zone .nl
GRAIN AND PRODUCE MARKETS. S-s
CHICAGO.
chicago sraln and pro Iuce market. fur.