The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-07-20

New York, July 1s-The stock market to-
day was almost unparalleled for July
days trading, both in activity and strength.
Such influences as the export OF gold TO
Canada and some decreased earnings for
the second week Of uJly were brushed
aside as chaff and nothing was talked OF on
| the exchange but speedy action on the tariff
ideal weather for excellent crops and for
eign demand for our securities as well as
grain. Enormous dealings IN bonds at ad-
vancing prices was fit accompaniment for
broadening stock market. By all odds,
Sugar was the great feature. traders reaKz-
ing that the refining interest had secured
the reporting of sugar schedule that, II
adopted by congress, would mean a profit
able business for the sugar company for
the ensuing few years at least. There
vas wild excitement in the Sugar crowd
as the result came in from Washington con-
corning the tariff and sugar schedule Deal
ines were on an enormous scale and by
leaps and bounds the stock rose to l44Ia.
u hen it fell back to 1872 The tumultuous
scene at the Sugar post continued well
throughout the day. $1,000 shares having
teen bought and sold. In the closing hours
the stock eased off a trifie. reacting q. per
cent below the best, but loaned at II. per
cent premium for ue over night. Sugar
preferred also had shown an extreme gain
for the day Of per cent, two points of
which were loter lost. The slacken.ng de-
mand for the speculative leader only slight
ly modified the pronounced bullish develop
ment in the rest of the list Standard
shares, however. showed an average rise at
the close Of to per cent. London was
short in both ST. Paul and Louisville and
Nashville and the foreign pur1. asses con-
sderably exceeded the sales. The railway
list was generally Influenced by further re-
ports of foreign crop shortages and pred,c-
tons Of improved earnings due to excellent
progress Of American crops. number of
prominent shares made new record prices,
especially the granger roads. Chicago Gas.
on reports Of another dividend being posi-
bic on the present trust receipts. and Ameri-
can Tobacco. on the concessions made on
the Tobacco and cigarette schedule, each
closed at point advance. On the large
Industrial shares. Rubber preferred lost
point and three-fourths. Reading prefer
red stocks, on improved trade conditions
and earnings rose over point Other net
enumerated follow: Detroit Gas. per cent;
National Starch first preferred So: second
preferred. 4; Pittsburg Cincinnati, Chicago
and st. Louis preferred. 3h; Northern Pa
cific preferred 3; Cleveland, Cincinnati. Chi
cago and st. Louis. Erie first preferred,
Denver and Rio Grande. Consolidated Gas
Central preferred, Lake Erie and Western,
Manhattan. Metropolitan Traction, Mime
sofa Iron. New York Central and ST. Louis
second preferred and Northern Pacific Sec
onds showed advances while Northwest and
Brooklyn Rapid Transit showed fractiona.
declines
The total sales Of stocks today were 49,
99c shares, including: Atchison, $500; Atch
tson preferred, 15.S07: Burlington, 1910;
Louisville and Nashville n,725; Manhattan.
500; Missouri Pacific. $3.50; Missouri Pa
Gifts preferred. $3.50; New York. Susque-
hanna and Western preferred 4,5iO: New
Jersey Central, $3.50; Northern Pacific pre-
ferred, Il, 155; Reading, S.75; Rock Island,
2l,310; ST. Paul. 1854: st. Paul and Omaha
4.460; Southern Railway preferred, 5.2s5;
Wheeling and Lake Erie, 4515; Tobacco
$50: Chicago Gas. Is, go; Lead, $500; Sugar
l1s4e2; Sugar preferred, $3.50; United States
Leather preferred, $500
The bond market was featured by enor-
nous transactions. which aggregated g. 400
0o0 and included an extensive variety Of is
sues The tendency of values was upward
throughout. which thoroughly reflected the
growing confidence in the financial and com
mercial situation. Purchases by foreign
interests were generally noted and round
amounts of the speculative issues were
taken for local accounts. The extreme
gains ranged up TO per cent, with Oregon
Improvement So trust receipts leading.
Governments are neglected, but generally
firm.
ATLANTIC AND PACIFIC BONDS.
New York, July 19-Holders OF certificates
OF Atlantic and Pacific railway 4 per cent
guarantee gold trust bonds met here today
and authorized the reorganization commit
tee 10 enter into an ageement for the sale
OF the s. $4,000 Central division first mort
gage per cent bonds of the Atlantic and
Pacific, now in possession of the COMMITTEES.
The terms of the sale are $4,000 cash and
$4,000 OF the St. Louis and San Fran
cisco railroad per cen. bonds secured by
mortgage on the division. The stock rep
resented al the meeting of certificate hold
ers amounted 20 sls,si1,co and the vote
was unanimous.
FOREIGN STOCK MARKETS.
New 1Ork. July lS.-tne evening POSTS
London financial cablegram says:
THE stock markets remain quiet but they
were of good tonetoday. II the British
public is not inclined 10 buy mere they are
equally disinclined 10 sell A feature to-
day was the rise IN Americans. notably n
St Paul and Louisville and Nashville. The
market here was caught short in these
shares. The provinces are said 20 be bears
OF s.. Paul. but indeed, stock of all the
leading favorites is very scarce here. Lead
ing jobbers in Americans are talking very
bullish, but TO many the weather IS how
the rise IS still maintained with so little OF
English support. The close was under the
best. Colonial stocks were better. l. is
sad 1t Is said that the marke has been
manipulated TO favor some new American
loans. Grand Trunk was better. with the
American mines firm. The stock exchange
VIII be closed on the next two Saturdays.
The rupee loan OF three croeres has been an
nounced IN India. ] gather that the issue
VII correspond with the present 81 per
cent or the market. The Paris and Bers
lin markets were firm"
London. Eng. July la.-Coasols for money !
ilez.; for The account, II2i.
LOANS. EXCHANGE AND BONDS.
New York. July ls-Wal street, noon
Money on cali nom.ns.iy iG1L. higher |
Prime mercantile paper SGi Per cent Sterl- |