The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-07-24


With Coin In Their Pockets One of
These Days-Bniis CheerfulIy Predict "
Recurrence of the LiveiiDess of 1SsOS1
-KIondyke and Australian Gold-De'
crease In the Weeks Imports.
New York. J,,ly 2S:-Discussion as to
the probability of increased earnings
benefited Burlington "a per GEN., and
all grangers 70 the extent, on an aver
age. of 1 per cent rise, although wheat
suffered an approximate average decline
Of 3 cents. with decreased engagements
for export for the day. Il was argued,
however, that when the farmers were
enriched by the good prices expected fer
their products they would so spend
norton of the proceeds that transporta-
ticn channels would be benefited by
heavy return Of traffic as we'll as large
grain tonnage to meet the demands OF
Europe and South America. While their
motives are hardly disinterested, some
bulls Iikened present conditions with
those prevailing seventeen years back,
and would have il believed that the
boom of SO-S1 may be duplicated In 1898.
London Dough: some 10000 shares
against 1900 sold yesterday. These our-
chases may have been due TO the fact
that tomorrow is holiday in London
and the traders there will have only till
Monday 20 cover or carry over stocks
into the new account The first OF next
week will disclose London's true specu-
lative position, showing whether recent
transactions there have been short sales
of Americans or iiquidations by profess
SIGNALS, as British advices are that the
public, for the first time in a year or
two, is becoming interested in American
securities. Traders here rather ignored
the engagement of Sl.300.000 gold for
export, as they were more than balanced
by receipts Of the precious metal from
the Klondyke region and impending i'm
ports Of gold from Australia TO discharge
obligations for American grain imported
became known. The customary end-of-
the week profit taking sales were offset
by foreign and commission house buying
F0reshadoWing decided shrinkage in i'm
ports on the enactment Of the Tariff bill
the weekly imports decreased for the
week a third Of a million, being the
smallest amount in many years. Sugar
Tell off q per cent, only on an effort to
have il appear that the sugar schedule
but inadequately protected the company
and that the company was 70 experience
increased competition. The stock rose
312 per cent, a trade journal predicting
that insiders would disclose richer and
prospective profits after the tariff be-
came a law. Subsequently Sugar lost
a half-p0int on its previous gain. The
fact that the company had advanced the
price Of soft refined sugar may have had
some bearing upon the 2al per cent net
rise in the common, and 11a per cent in
the preferred Southwestern railways
on the increased earnings were in brisk
demand. Some shares which figured
conspicuously in the recent advance
lacked support and lost fraction, in
Guiding Chicago Great Western and Chi
cage Gas. Tobacco was benefited TO the
extent of ~ per cent for the common,
fusal of New York's executive to call an
extraordinary term OF the criminal
branch of the supreme court 10 retry
the Tobacco case. General Electric sus-
tanned a loss on an adverse legal decis-
ion concerning the trolley arm patent,
part of which Il subsequently recovered
on statements by officials OF the COM
no. "a nT M
quence, leaving the net loss fractional
Rock Island rose a point and half on
the stories that replacing its $4,000 900
extension and collateral fives on lower
basis was in contemplation and on the
assumption that the dividend rate might
be restored 10 a 4 per cent basis. as il
was the first road to reduce its dividend
in the recent depression. The principal
gains OF point or more, not hitherto
enumerated, were Consolidated Gas IA
per cent; Detroit Gas. ? per cent; Mime
apolis and S.. Paul, and ST. Louis firsts
preferred, per cent: Morris and Essex
sly per cent; Adams Express, Brooklyn
Union Gas, Lake Shore. Pullman, Oregon
Navigation preferred, and United
States Express.
Trading in bonds continued in consid-
cradle volume and further substantial
Improvement occurred in many issues
Purchases for continental account en-
braced the more pro-ninen; liens. The
aggregate sales were 2.26O.0o0
Government bonds ruled strong on
light transactions.
FOREIGN STOCK MARKETS.
New York, July 23.-The Evening
Posts London financial cablegram says:
The stock markets were quiet today.
in view Of the holiday tomorrow. Never
-heless more public interest was shown
in Americans today than for some time
past. Large lines OF Chesapeakes were
bought here. The selling this afternoon
in New York slightly damaged the mar
kets here. which closed under the best. |
Insurance companies here continue 70
absorb a good class of American bonds. |
Gillian bonds were fiat The Paris and
Berlin markets were steady"
London, July 23.-Consols for money
112 1916: for the account liz IS
BRADSTREETS REVIEW.
New York, July 23.-Bradstreet's re-
view o. the >.cCh HldIAt VIII tenOGroW /
say:
Activity and decided advances have |
ruled in speculation. The agreement ot |
the conference committee OF the tariff |
bill and the prompt passage o. the meas |
urs by the house gave decided i'm |
pstus 10 The market early in the week. |
and the fact that the action Of the SEN |
ate was s;,n delayed was not regarded |
as seriously endsngering the bill. Ex-
pec;ation ot revived business activity Is |
supplemented by The influence Of the |