The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-08-17
STOCKS AND BONDS
SHARE MARKET, BY CONTRAST,
SEEMS A DULL ONE.

| Total Sales Fall Below the Half NillioE
Mark and There is Also a Falling on IL
| the Activity In bonds Early Animation
Shows Many New-Kecord Prices-Reai.
izing and Bear Efforts Produce a Reac.
tiou-Market Firms Later, But Ne,
Changes are Slight for Leading Shares
Americans Strong in London.
New York, Aug. 16.-There were per
iods today when the market for stocks
had an appearance Of actual dul.ress.
But this was only by contrast with re-
cent markets. The total sales fell be-
low half a million shares by over $4,000
shares, which is what it did not do for
any whole trading day Of last week.
! There was large falling off also in hte
activity in the bond department. What
ever striking animation there was. was
| in the first hour OF trading. The buying
! during this period was brisk, arbitrage
| brokers joining with the commission
house agents to swell the demand. This
represented the working off Of the &C
emulation of orders received by COM
mission houses over Sunday. London
was buying some Of the interna tional
shares at the same time that il was sell
ing others AS a result of this prices
bounded lightly upwards, to new record
prices for the year in number Of promi-
nent stocks. The gragers were actively
traded in at the higher level, Burlington
showing the sharpest gain, but st. Paul
being most actively dealt in. st. Paul
was the leader Of the list and was quite
largely bought for London account. Bur
lington touched SO IA per cent in the
opening eaingS, but closed a point be-
low that. The other grangers moved
over a much narrower range, but closed
but little above the lowest. The upward
bound of prices at the opening invited
realizing sales. The professional bears
added their utmost efforts. They had IN
their favor some reports Of crop dam
age in the west, and the result was soon
shown in a reaction in prices OF the
grangers aud southwesterns, which had a
sympathetic effect upon the whole list.
Prices OF many stocks were carried be-
low Saturdays close. Although there
was a firmer tone later on slight recover
les, the market failed to fully regain it's
tone before the c.ose, and consequently
prices OF most Of the active leaders OF the
market show only slight changes from
Saturday. The net changes, though
slight, are mostly gains, one or two OF
the grangers being exceptions.
The undertone Of strength in the mar
ket was again s.rikingly manifested by
the dullness which set in upon the de-
cline in prices. Sugar again assumed
prominent part in the dealings, and
touched new high record price at 149
IL per cent, but reacted nearly point
before the close. Tobacco was also
largely dealt in, opening at a sharp gain,
but selling off during the day. Chicago
Gas also showed somesigns OF renewed
activity. but so suffered from the re-
action 70 the market. While the early
strength carried many stocks TO point
or over above Saturdays close, the gain
was in most cases practically wiped out.
The Vanderbilt stocks were notably firm
all day, closing near the top. Cleveland,
Cincinnati, Chicago and st. Louis pre-
ferred stock was bid up points. Other
notable gains were: Rubber preferred
3-S per cent; Spirits preferred Is per
cent; Oregon navigation preferred per
cent; Cotton Oil preferred, Metropolitan
Traction and Rubber common.
THE DAYS SALES.
The total sales Of stocks today were
413. ISL shares, including: A.chison 3,445,
preferred 23.142; Chesapeake and Ohio,
-, o n
Grande preferred 10.450; Louisville and
Nashville $3.50; Manhattan L 1850; Mis-
souri,, Kansas and Texas preferred 3,70S:
New Albany and Chicago 1850; New
York Central 23,201; Northern Pacific
1896, preferred 1880: Reading $40;
Rock Island 500; St. Paul 1925; St.
Paul and Omaha 3,515; Southern Rail
way preferred 400; Union Pacific 15.050;
Union Pacific, Denver and Gulf, 3,275;
American Spirits, s.270; American To-
bacco 1S,4S5; Bay State Gas 1865; Chica-
go Gas 1920; Pacific Mail Abs; Sugar
1920; Chicago Great Western 1920;
Western Union 1850.
BONDS.
The bond market showed a marked
diminution in the volume OF trading. as
compared with recent averages, the total
falling short of s.. 600. 600. The specula-
ton also ,acked aggressive strength. but
the market was fully well supported and
some substantial gains We're registered
in the less known issues. The aggregate
transactions were 81, 935, 600.
Governments were heavy and receded
a fraction on light offerings.
FOREIG NSTOCK MARKETS.
New York. Aug. 1.-THE Evening
Posts London financial cablegram says:
The stock markets opened dull today
but recovered later on calmer views OF
the Afghan incident
americans were strong. Arbitage
dealers were short Of stock and bought
largely. Prices, however, closed a trsc-
ton under the best. Indian affairs, how
ever exaggerated they be. had a bad e'-
feet on the market and have served 10
q tract the attention TO the event o.
bull account. Kaffirs have only partial
~ recovered. Cables have been received
saying that the recommendations Of the
industrial commission have no; been ap-