The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-07-09

and Internationals Open on the Rice
st. Paul Attains the Highest Mark Of
the Present Movement.
New York, July S.-Proft-taking was the
order CT the day in the stock market. The
! sending of the tariff bill to conference ends
the senate stage of the bill, the term:na
ton of>which has formed subject for specu-
iaiion in the recent market. The term.na-
| ton is regarded a favorable influence on
values but, having been previously dis
counted, realizing sales were to be looked
! for, IN the natural order of things. The
reaction did not develop Immediately at the
opening, owing to sevevrad sustaining in
fuences. The sugar refining industry's
| special interest in the tariff bill made that
stock sensitive to Washington reports as
| TO the chances Of the sugar schedule in the
| conference. These reports varied all day,
as matter Of course. but CARED Sugar UP
| a: the opening. The grangers and inter-
national stocks also opened with an up
| ward tendency. The former group enjoy
/ ed az, impetus also from the announcement
| by the refunding committee of the Chicago
/ and Northwestern that the directors OF thai
comrany had authorized a mortgage for
Viz, 200, to run ninety years. A marked
| Improvement, about the same time in a
| group OF usually inactive securities. due TO
! marked operations by an interest which
has large holdings in each of the groups.
was further influence towards an advance
as was the special strength shown IN some
other individual stocks. Those combined
influences resulted In a rally after the first
! decline that carried prices generally 10 the
highest ot the day. and st. Paul to s4as per
cent, the highest Of the present movement.
The influences were only temporarily effec-
tive, however, in checking the react.onary
tendency CT the market, and in fact served
| only to acCcntuate the desire to take profits.
| The realizing wac tasei on the passage OF
the tariff hil ny the senate. and on the con.
tinued belief in the elimination of the long
| turn the market mas made on general con-
ditions OF business There were traders,
also. who expressed their disappointment
that the presidents message recommending
a currency ccrcn,ssion had been deferred,
and that authorization Of the commission.
with the membership of the senate as at
! present. was unlikely. Such traders gave
| these as their reasons for selling stocks.
There was an increased activity in the deal
| ings over both yesterday and the day be-
/ fore. hut quite nalf the dealings were absorb
etl by ST. Taul. Sugar, and Burlinst ton.
| Chicago Great X astern, Des Moines and
Fort Dodge and minneapolis and St. Louis.
| were quite conspicuous, and strong as a
g:-u7. The itrst gained IL per cent, and
| the second points. East River Gas made
| an apparently sensational jump in the clos
ing dealings. to 1884 per cent, net gain OF
! 81. per cent. but II was a reflection of a
rise effected in outside transactions on the
curb. LaClede Gas gained IA per cent,
and the preferred and Starch second pre-
ferred point each. Otherwise, losses OF
fraction were genera! all through the list.
reaching near point in many prominent
stocks. Sugar lost Is. per cent. Burlington
rs per cent and Spirits preferred. Rubber
preferred and Western Union a point each.
The total sales of stocks today were 1884,
Sot shares, including: American Tobacco,
$50: American Sugar. 80 200; Burlington
and Quincy, 10 $50; Chicago Gas trust re-
ce;pts, 1890; Louisville and Nashville. 81
900; Reading, 500; Northwest, 600: Rock
Island. $500; ST. Paul. 300; Western Union,
800; New Jersey Central, 800
| The bond market lacked feature aside
from some notable variations in the indus
| trial issues, in which special influences oper-
ated. The general market displayed a
hardening tendency, but the Improvements
were mainly slight. The aggregate sales
| were s1,5s3,0.
| Government bonds were easier for the As.
| but the other issues were steady. Sales
were $500.
/ FOREIGN STOCK MARKETS.
New York. July S.-The EVENING Posts
London financial cablegram says:
The stock markets today were mani
a tr:f1e better. the tobbers putting up the
prices on the improved opinion held concern
ing eastern affairs. Americans opened at
1 the New York parity. but there was no
| business. and good items Of news from the
! United States merely caused few bears to
/ cover. The approaching holiday on Satur-
day next helps the s.agnation. DetalA
4 OF the Indian rupee loan are expected I'm
mediately The Bank Of Bengal rate Is
Gown to per cent The Paris and Berlin
markets were firm
LOANS. EXCHANGE AND BONDS.
| New York, July s-Money on call nomin-
ally 191i1 per cent: prime mercantile paper
3dt per cent; sterling exchange steady. with
actual business in bankers bills at As6E1
4.S for demand. and at 81. &s4Q4.ss for %
! days; posted rates 81. s5izG4.s STU and ssn
4.SSi5: commercial bills Sass. silver cert.fi-
Gates 605sdeo17: bar silver 6Oa4 Mexican dol
lars 49,. Government bonds firm: new
| tours registered. l2Sls; new fours coupon,
125is: fives registered. 1l4ss: fives coupon.
| 11fss: tours registered. 11lAs; fours coupon.
1i2ls: twos registered, s5i2: Pacific skies Of
rs. 1914.
TREASURY STATEMENT.
Washington, D. c., July s--Today's
| statement of the condition of the treasury
| shows: Available cash balance szS, 3l3 10;
gold reserve, sl+2.o62sl3
DRY GOODS Markets