The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-08-05

| Oreat majority or the Sales Made at Prices
Much Above Tuesdays Close, But Sell
ing to Take Profits Lesve the Final
Every Stock in the List, Many Aimos
Forgotten Properties, Is Dealt in Heavy
Selling for the Foreign Account-Bonds
do a Heavy Business.
New York, Aug. 4-The great majority OF
| the sales of stocks on the exchange today
were made at prices very substantially
| above last nights closing. But the mar
ket succumbed in the last half hour 10 a
sudden selling movement induced by profit
taking. The effect was to wipe out near
~ all the earlier gain in most stocks and 10
leave the average level of the market but
little changed from yesterday. The sales
of all stocks attained an aggregate of over
600 shares. The heal;ngs in the last
half hour were all az lower prices, and the
only stocks 10 escape the effect of the fail
were those included In the later dealings.
Except for the final decline the market
was almost a repetition Of that OF yester-
ty much every stock in the LIST. Very
many sales of odd lots were recorded, re-
1ecting the ventures of small individual
purchasers through commission houses.
There was not much discrimination shown
in this class of buying. which embraced
some of the stocks which have long almost
passed out of the field of attention on the
exchange. A notable feature of the trad
ing was the heavy selling for foreign ac-
count, and the readiness with which these
sales were absorbed and their sentimen-
tai effect disregarded. Northern Pacific
preferred was the chief sufferer in this re-
spect. as yesterday, but all Of the inter
nationally listed stocks were sold by Lon
don to some extent IT is estimated that
the total of London's sales reached 5000
shares for the day. This was almost with
out effect on prices here and failed TO check
the further fall in Sterling exchange, which
was affected by heavy offerings of grain
bills. London was apparently eager 70
realize on American securities and stead
tasty declined to enter the tempting field
of speculation offered by the New York
market. The Industrial group and the
granger stocks were conspicuous again to-
day for strenth, Consolidated Gas leading
and showing a further net gain OF per
cent. The grangers were heavily bought
and advanced at one time near a point. The
final decline left the net gains IN these and
ether active stocks only a fraction. The
Erie stocks. aVnderbilts and the anthracite
ocalers were also notable for some sharp
gains, Sugar rose at one time az per
cent, but closed with only fractional gain.
Other net gains OF a point or over were:
Tobacco. 81 per cent: Hooking Valley pre-
per cent; second preferred. 31s per cent
Erie first preferred, 81 per cent. second |
preferred, 31s per cent: Illinois Central, 4
Per cent; Oregon Short Line TS per cent; |
ST. Joseph and Grand Island. per cent; |
Buffalo, Rochester and Pittsburg per |
cent; LaCIede Gas, 2ia per cent; New York |
vigat:on, Reading. ST. Paul and Duluth, |
Omaha, st. Louis and San Francisco first |
preferred. Sugar preferred, Tobacco prefer |
led, Bay State Gas. Illinois Central AL /
Iowa Central preferred. Losses of a point |
OF over We're sustained by Susquehanna |
and western preferred, East River Gas and |
Ice
The total sales of stocks today were ST.
NC shares, including: Atchison preferred,
,,3i5; Chesapeake and Ohio. 1O,7oO; Burling
on, 1878; Erie new, 1895; Erie first pre-
'erred, 3.71O; Louisville and Nashville TO-
10; Manhattan, 4,5O0: Missouri, Kansas and
rexas preferred, 1885; New York Central
o,0O0; Northern Pacific preferred. %. 223;
Northwestern. 5.9s5: Ontario $500: Read
ng. p. 800; Rock Island. 1.290: St. Paul. 3D.
20; ST. Paul and Omaha, 300; Southern
Railway. $3.50; Southern Railway preferred,
1850: American Spirits. 1875; American
Spirits preferred. $500: American, 5S,72O;
Bay State Gas. $50; Chicago Gas. 2l,i20;
-.1rs H.. 4
1.7lO; LaClede Gas, $50: Lead. 1850; Pa
ic Mail, $3.50; Silver certificates, 5000; Su-
gar. 2s.17o; Sugar preferred. 4.2i0; Tennes-
lee Coal and Iron. 3.375; Western Union,
2.lS0; United States Leather preferred, g.
20; Chicago Great Western, 1895.
Operations in railway bonds were attend
d by violent fluctuations In some cases,
With Georgia Pacific flrsts and Union Pa
ific AZ trust receipts conspicuous for ad-
-ances Of 3i2 per cent and 3 per cent re-
pectively. The market exhibited a very
trong tone throughout, with dealings on
heavy scale. The aggregate sales were
8, 49,, coo
Government bonds were heavy on mod
rate sales.
FOREIGN STOCK MARKETS.
New York. Aug i-The Evening Posts
eondon financial cabiegTam says:
business is broadening in all depart
lents. and. II the rises in prices We're less
.arked today. the tone was just as firm |
.mericans were buoyant. Arb.trage houses
re shipping enormous lines OF stocks to-
sy by steamer TO New York. but none the :
IS the public is buying. the inquiry today
unning on Louisville, Illinois. Northern |
'ac:fic preferred and Erie. The closing |
-as at the top. The decline in exchange
causing general talk OF gold shipments TO
le United States. AT present, this IS. how
yer. mere gossip. All the same, should {
OF be surprised 10 see it occur soon. KAT
rs are booming, Paris buying heavily. |
reeks are fiat, on the indemnity question" ,
London, Eng, Aug. 4.-Consols for mon
y, 1l3i.: for the account 1IS&
LOANS. EXCHANGE AND BONDS. {
New York. Aug. money on call firmer
tlG2 per cent; prime mercantile paper 3G4 ,
er cent: sterling exchange weak with &C I
Ial business in bankers bills ar A.S5Asg
S6A4 for demand. and at s4SAs63. for 60 !
avs; posted rates 81. S5ieGs4. s.. ana S4S7L-Gi
-; commercial bills. Sis6 Silver certificate
OOH; bar silver. 81; Mexican dollars Az.
overnment bonds weak; state bonds dull:
abroad bonds strong, c
TREASURY STATEMENT
Washington. y. c. Aug i-Today's state
If rha condition Of the treasury / =