The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-06-24

the Iendsocy Of Prices Up~nrd-Bsy-
ing Almost Wholly the RessIs Of the
Gensr.l Confidsnes In the I'm proved
Business OntIook-SaSar and Chicago
Gas Join the Procession Late. Bas Mako
It Couas when They Do-AmerieAns IN
aGood Way in Loodop.
New York. June l-Today was smother
day OF marked strength II the market for
buying demand keen, so that the tendency
OF prices was strongly upward There
we're ups and downs during The day. the
latter or prodt-.ak.ng. fox -hs mast par,.
but the close Of the days trading found
prices generally above last nights close.
TIE outside interest Il the market shows a
large increase, and commission houses re-
port great accession OF orders OF specu-
lstive character. following the solid invest
neat buying that has been going CT for
some tine. and which ,oday's developments
Indicate : stiil going or Tie buying was
almost wholly a result Of the confidence Il
the general outlook for business There
Vas little news accompanying the upward
noveLsn. OF p--ces and therefore little %
record beyond the mere charges n pr-ces-
Good buying continued II Northwest but
the prise OF the stock moved quite narrow
~. affecting the price OF other stocks by
sympathy about az much as Itself. The
grangers were al n keen demand and
showed a substantial gain on the day. The
same was true Of all western and southern
railroad properties, where the crops premise
10 De abundant and bring business improve
ment all through those sections Sugar
and Chicago Gas were both under pressure
at different times during the day and he'd
back the market When these two stocks
came Into harmony with the market. and
moved upward. the highest prices OF the
day were recorded for many stocks. The
strength in the coalers developed after noon
and the movement IN the group became
strong and aggressive and TIE dealing
quite animated. The rate az which prices
rose was an indication hat there Is not
large quantity OF these stocks except
Reading. Dating n the market Sharp ad-
vsnces N some Of the high-prced invest
me-rt stocks were a feature. New York
Lackawa1ra ard Western jumping 81. per
cent on n esale OF 100 shares. The volume
or dealings was large. But Sugar. s.
Paul. Chicago Gas. Burlington. Reading
and Tobacco absorbed half OF the total
sales s. Paul al 81. Per cent touched
the highest price since the pane Of 1855
The announcement OF an additional ship
ne1t of $50 90 in gold by tonorrow's
steamer only affected the market for q
brSsf tine The gains IN the coalers ex-
tended 20 ~ per cent for Delaware and
Hudson. "a per cent for New Jersey Cen
tral. ? per cent for Lackawanna and y.
per cent for Reading first preferred. Sus-
quehanna and Western lost a fraction To-
oacco Jumped per cent, 10 "a Per cent,
ara reacted IL Per cent, while the prefer
red stock gained q similar amount and held
T. Other gains were: Pullman per cent:
Iowa Central. Lake Erie and Western pre-
fe-rei, Louisville ard Nashville, Bay State
Gas Illinois Steel Lead preferred, Consol!-
dated Ice and Consoli lated Ice preferred
gained a point or over, Colorado Fuel lost
Is per cert. Sugar moved over a range
OF rs Per cert. but closed 4 per cent OF
on the day.
The total sales OF stocks today were 10
80 shares. Including: American Tobacco.
1-,o"0; American Sugar Refining. 3. 800: Bur
lington and Quincy. - so: Chicago Gas, y
40; delaware and Hudson. 2ao; Louisville
and Nashville. $500; Manhattan. 400: Ms
souri, sPc:fc. 400; Northern Pacific pre-
ferred. $50: Omaha, 7.7o; Reading. Z. 500.
Rock Island. 500; ST. Paul $4,000; Western
Union. 3oo0: Southern Railway preferred.
1850; New Jersey Central. 400.
The bond market showed no abatement
OF TIE decided siren gth that has character
ized ifs operations for some time. The
speculation was quite broad and material
gains were established n many liens TIE
rarddie-z-ads securities were largely dealt
in ard registered the extrs-n inprovuentS.
which xtended 20 AZ pr cent in Ueors. De-
catur and Evansville irsts. Evansville a.
v.ston- The aggregate sales were 1881.
GO
Governments were neglected az the board.
but bid quotations were 81 ghtIy higher.
FOREIGN STOCK MARKETS
New York. June 2.-The Evening Post.
LONDON financial cablssran says:
The stock markets remain inactive but
strong and hopstyl. especially as regards
Americans. or The steady support IN New
York The feeling n Americans = ve-y
bolrsh. and something decidedly asverx.
VIII have 70 occur TO prevent a, leas, FUR
tier moderate rse Oo,her markets were
good. notably KafTtrs. which. together ztth
Americans. are being quietly bought By
large investors. A tsatur. is the s;ror q
demand FOR India council drafts. so Iakhs
being applied for today. The aPrs and
Perli- markets were qliet"
LOANS. EXCHANGE AND BONDS.
New York June 23.-Money On call easy
a. lS1t. per cent; last loan Per cent; clos
81 id1A Per cent; prime nnercsn-tle paper
36+ Per cent Sterling excharze firm. with
actual bus ness in bankers bills a. 81 s71-9
ASIA for demand. and az - s6i.d4s - for g
days; posted rates nSG4s7 and - so
s6-z; commercial balls, - So. Silver GER
tifcates sS.Gsoss: bar silver. soiz: Mexican
dollars 81. cents GovernTeat bonds
strong; state bonds dul: railroad bonds
strong
GOLD SHIPMENTS.
New York. June 3-Lazard-Fre-es viii
ship 5000 II gold 10 Europe cororrow.