The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-09-04

what. to Give the Changers . Show,
These Last showing Up ON the Strength
of Increased Earnings for August
Sugars New High POint-SymPtoms OF
a London Boom In Americansr
New York, Sept. 3.-Today's market
was more regular than that OF yester-
day, the notable advances not being SO
paipably manipulated and the concur
rent profit-taking in other stocks not
being on so large a scale. The market
Throughout was stronger an dthe average
level OF prices raised farther than yes
terday. There was a decrease of activ-
ity in the industrial stocks and the deal
ings in standard railway shares were
largely augmented, the buying through
commission houses being confident and
on a large scale. The volume Of trans
actions in the Vanderbilt group, which
had such conspicuous part IN yester-
days market. showed a considerable fall
ing off, but they retained the sharp gains
made yesterday and closed tonight nlgn-
er. Northwest sold as high as yester-
days high point, but reacted. The cen
ter of interest in the market was shlfted
to St Paul, which sold during the day
at 80 per cent, a net advance Of 3 3-4
per cent, and crossed Burlington during
the day on enormous transactions. ST.
Paul was aided by the staement of eStl-
mated gross earnings for the fourth
week in August, which showed an IN
crease over the corresponding week last
year Of $10S,750. The rise was stimulat-
ed also by the circulation OF rumors
without definite authority that the OWL
jend would be increased. The state
ments Of Burlington for July and OF
Rock Island for August were also help
full to ST Paul, along with all the men,
bers Of the granger group. Unauthorized
rumors had exaggerated the gain to be
shown by the Burlington statement ana
the stock, in consequence. failed 10 bene-
fit very materially from il, although an
increase was shown in gross Of s2S9,I0S
and in net of 500, 314. Rock Islands in
crease in August was s375,S1O. These in
cidents served TO put the grangers again
in the lead and their strength helped the
whole list. The rise in st. Paul invited
profit taking not only in that stock, puc
all through the list, and though rally
followed closing prices We're at the best.
Sugar moved up and down in a feverlsn
and erratic manner over range OF
points, to a new high record at 159 IL
per cent, and as low as 149 IL per cent.
touched a new high level for the day.
Louisville and Nashville was strong and
gained points net. Many other stocks
that have been under stress OF proflt-
taking moved up today. This was nota-
bly true of the interna'tionals- Union
Pacific, on reports that the government
would oppose the foreclosure sale upon
which is based the reorganization plan,
lost a fraction. London prices for
Americans were higher and London
bought about 10000 shares here In bal
ance Sharp gains were shown In To-
bacco. Colorado Fuel, Consolidated Gas,
Hooking Valley, preferred, Detroit Gas
4 IA per cent; Great Northern preferred
4 per cent; Illinois Central. Laciede Gas
(the preferred losing over a point, Lake
Erie and Western preferred, Lake Shore,
Tranction, Minneapolis
and St. Louis, New York. Chicago and
St. Louis first preferred. Pennsylvania,
Rio Grande Western preferred, st.
Joseph and Grand Island preferred. and
the Rubber stocks The aggregate sales
of all stocks Appropriated 100000 shares
and Of these leo, 900 were ST. Paul and
g., 900 of Burlington.
BONDS.
Bonds were active and higher. The to-
tai sales were $500. 900.
United States registered tours sold at
112 IA. tours coupon at LAG and coupon
fives at ia IA. Total sales $4,000.
FOREIGN STOCK MARKETS.
New York, Sept. 3.-The Evening
Posts London financial cablegram says:
THE stock markets were steady, the
only feature being the buoyancy OF
Americans, which are exciting increas-
ed attention. The stimulus comes from
New York. but notwithstanding the con-
tinued selling here a steady stream Of
buying also goes on.
ITO the onlooker the position OF Amer
Ca is very interesting. A constant ques- |
ton among city men and one which, in
A sense, will give some clue 10 the posi- /,
ton is: Is the public here once again |
going 10 step in at the last and relieve |
the United States OF stocks at boom |
prices? 1t is generally believed here !
hat the rise will go still further. but
SPECTATORS certainly show much caution. |
Prices closed firm at the best Amid |
cheers. Milwaukee has just been dealt /
n at over par. The New York buying /
.oday was very large.
The discount market here today |
shows an easier tone. II vas runlored /
hat Japan had released some OF its de-
oosit money. but this is not true.
THE Paris bourse was firm, and the !
Berlin market was quiet after dizziness"
INDIAN COUNCIL DRAFTS.
New York. Sept 3.-The Evening |
Posts London correspondent cables to-
lay as follows: I have just learned /
hat. following the recent decision OF the
india government 70 suspend council /
traits. i is now decided that the Indian
Will receive next Tuesday
enders Of drafts for one crore OF rupees
about 5000. 000). That is to say, in
stead OF selling drafts the balances in
ndia are SO low that they want 10 buy
This fact, which will probably not be
,nown 10 the London market until to-
morrow, is OF the utmost interest. as il
will at once bring into proninace the
liver position in India and the scarcity |
II silver currency occasioned by require
nents connected with the war operations