The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-07-28

Otherwise the Market Sustaine Slight
Losses-London Purchases Some Thous-
snds Of Shares, While the Bulk Of tho
Homo Trading is Saies-Professionais
Hammer the Changers But Rally
Brings Them Back to the Place Of Be-
ginning-Notnbie Declines, With Few
Exceptions, are in tke Industriais.
New York July 27.-The anthracite coal
shares advanced considerably today on buy
ing by interests always identified in the
movements OF the coal stocks. Otherwise
! the market sustained slight losses and
closed steady. London purchased some
1850 shares, while the bulk of the trading
| for the home account was sales While
| the carrying rate in London indicated a
| scarcity Of stocks there, today's trading
showed that recent sales from that quar-
| ter had been chiefly to take profits and that
| there had no been much short selling there.
| Tie real spectators liQuidated consider
ably today. but commission house pur-
chases about equal.zed such sales, render
! ing the market extremely irregular. The
liquidation in industrial stocks rather IN
settled the list The glt-edged securities
declined considerably Professional trad
ers hammered the grangers, but pool buy
ing subsequently caused d practically COM
piete rally. Although the main advances
reflected a good condition Of all the crops.
the bears argued that the weather was I'M
favorable for growing corn. A large por-
ton of the reactions of the day was due
TO uncoverins of stop loss orders. This
Oh Tvs in u,hia oh
sharply AZ per cent from the opening. to
1351a per cent. and closed with a net loss
of rs per cent, the stock showing no evi-
6ence of its recent aggressive support. To-
bacon moved up TO s. per cent, and on
liquidation receoed 20 SIN per cent, but
sharing in the late rally the price was car
red up to s2ss per cent. Chicago Gas re-
acted 2@s per cent, rallied point, and other
irdustr:aIs generally receded 1914 points.
The Rubber stock vas an exception to the
general industrial weakness. The common
rose rs per cent and the preferred per
cent. The strength in Rubber was parity
due to favorab bic rumors connected with the
property, which were denied too late to
have any effect Among the leading rail-
ways, Louisville and Nashville, on foreign
purchases, was conspicuous for gain of
a fraction. Changes in the usually neglect
Alton rose to 157 per cent, against l59 per
cent on the last transaction. American
District Telegraph, on the other hand, re-
acted to q per cent, against the previous
quotation recorded some time ago OF 80
per cent. The pronounced strength Of
wheat and exceeding weakness Of silver
were incidents OF the day. The more i'm
po-tant advances Of The day were Delaware
and Hudson, % per cent; New jersey Cen
trail, 2; Susquehanna and Western prefer
red, Reading first preferred, 1ss; al being
anthracite coal roads. With the eXcep-
ton of the loss of point each in Pullman
and Mobile and Ohio, the notable declines
were confined to industrials at follows: Su-
gar, 2es per cent; Sugar preferred. 3; To-
bacco. Ia; Tobacco preferred l; Lead pre-
ferred, az; Chicago Gas, !, and Detroit Gas,
~.
The bond market displayed a generally
good tone, although some light recess!ons
were made N a few Of the leading issues
The inquiry for m!ddle-Erade liens was
quite pronounced, with some mortgages
being benefited by special consideration.
The aggregate sales were T,56oOW.
Government bonds were In demand with
the new fours coupon rising to 1854 per
cent, the best price ever noted The trans |
actions were $1,000.
FOREIGN STOCK MARKETS
New York, July N.-The Evening Posts
London financial CO bleSram says:
Settlement d:scloses a comparatively
small account and rates are generally Light, |
contagoes over American being OILY Pig per |
cent. Business. however, Is decidedly in
creasing generally, and that notwithstand- |
ing the attractions at 'Goodwood' and the |
approach Of holidays on Saturday end Mon
"A
in mines on the result of the discussion N
parliament last night on South Africa |
Americans opened fat at nearly half doi- |
lar under New York prices, but the tone |
quickly changed on the resumption or New
York support and the talk IS general now /,
Of further rise in the next three months |
Prices closed a half point under the best; |
other markets were all strong. A good |
amount OF American bills have been Offer |
ed here lately, and mostly il three months |
hills These are said TO be exceptional |
and drawn against recent heavy exports |
of wool from here TO avoid the new tariff L |
also hear that a large amount Of forwarded !
business has been done in bills against cot |
ton 10 be delivered here IN October. expir- |
ing in January These have bee done at |
per cent. The aPris and Berlin markets |
were quite firm today.
Il ..
New York. July E.-Money on call per |
cent? prime mercantile paper 3d4 per cent; |
sterling exchange strong, with actual bust |
ness IN bankers bills at $4Si1 for demand. |
and at 81 $751; ar. S61s for sixty days; posted |
rates ASI64S7I4 and SSSGiiSsie- Silver !
certificates 5Sis: bar silver, 5Sie; Mexican |
dollars 45Ts. Government bonds strong; |
new tours registered, l2tS4; coupon, l2o+.'
fves registered, 1872; coupon, liza; fours |
registered. l133. coupon, I2i4.
SILVER AGAIN LOWEST.
New York. July 27.-Siiver was lo-nest TO- /
day. Until the decline of recent date the |
lowest prices were those CT March and 3, |
1894. al the time OF the closing OF the Indian l
minis. The opening quotations today Were: |
ar silver. 5SSs; Mexican dollars, 457s and /
tire closing was 5Sl. and 45S4, respectively. |
The local dealers can assign no reason |
other than lack Of demand.
The total amount OF silver shipped TO /
Europe today was 7l200a ounces.