The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-07-26
PRICES BROUGHT BACK
Generally TO Points Above
Saturdays Close.
SHORT INTEREST REDUCED
Without Causing Outside In
curry For Stocks.
SHORT INTEREST REDUCED

New York. July z5.-There were sTne
! price movements OF considerable tmpor-
| lance in special stocks today. but the ef-
! feet on the general list was only light.
| The early heaviness in the railroads was
10 some extent corrected and the level
OF prices generally brought back above
Saturdays close. Outside OF the special
case referred 10. however. the price move
ment was insignificant and no large de-
rnand for stocks was perceptible. The
most conspicuous stocks OF tOdays trad
ing was Sugar, in which there was heavy
| buying, and prices advanced rapidly IN
der vigorous manipulation. There was no
news forthcoming 10 account for the rise
SO far as the prospects of the company
are concerned, the outlook continuing, so
far as known. the same as when the re-
cent large short interest was formed The
marking up of the stock is attributed 10
a powerful pool which has set about gun
ming for shorts. The combination appar-
emily had pretty good success and forced
some large covering orders in the course
of the Ak per cents advance. Some Of
the industrial stocks which have recently
been the objects of bear attacks sympa-
thized in this rise. Peoples aGs and To-
bacco rising over a point. The coalers
presented their own particular induce
ments for shorts TO cover, on the an
nouncement that Lackawanna had re-
stored the 81 cut in the price on anthra-
cite in Chicago which was the occasion
of the recent bear raid against the stocks.
Gains OF l to points resulted ali through
the groups. Chicago and Great Western
preferred A and 3 continued TO rise on
the announcement Of a pending dividend.
The common stocks was also up a frac-
ton. Chicago. Indianapolis and Louisville
preferred advanced over 2 points. Amer
lean express rose points, Adams ex-
press and Manitoba l. The days trad
ing resulted in largely reducing the out
standing short interest without causing
any outside inquiry for stocks.
The total sales Of stocks today were
DC, 100 shares.
Bonds came TO a halt again today, the
Northern Pacific threes being the only
issue to show conspicuous activity. The
governments withdrawal Of deposits from
the banks has somewhat reduced the
available supply OF money. but the de-
nand continues so lax as 10 leave rates
unaffected. Total sales. g, 335, 900.
The new government threes were quoted
on call at the board at 104HG5104@s- when
issued and for the small bonds which
a. III -caA5 -oSOCds 4y17z- = A4AACA OLol0o
f1ves declined !. in the bid price. New
tours registered, 124=4 coupon, 12o%4; tours,
1OSSt coupon, 10; seconds, 81; fves regis
tered, u112; coupon, 112z4; Pacific skies OF
'ss. 102.
FOREIGN STOCK MARKETS.
New York, July 25.-The Evening Posts
London financial cablegram says:
The stock markets here were quiet
today, business being checked by the ap-
preaching holidays and by the settlement
to begin tomorrow. The markets will
be closed on Saturday next. Spanish
tours were strong early in the day on for
eign support, but closed lower. Ameri-
cans were stagnant at New York parity.
Grand Trunk was steady, in spite of poor
traffic reports. on hopes Of settlement
of the rate war"
London, July 25-spanish fours closed
at 3S14.
Paris. July 25.-Spanish tours closed at
SS25. Quiet business and firm prices were
the features of the transactions on the
bourse today. Spanish fours opened weak
er. in the absence of news confirming
the Madrid peace negotiations, and later
they rallied in sympathy with an active
demand for Cuban obligations. Brazilian
securities were weak. There was a strong
demand for Panama Canal shares and
obligations, due 10 rumors favorable TO a
completion of the work.
Berlin. July 25.-On the boerse today IN
ternational securities were quiet and
Spanish fours were dull. Americans were
firm, Canadian Pacific were weaker and
local securities were depressed.
LOANS AND EXCHANGE.
New York. July 25.-NoOn: Money on
call Uominally. IL TO II per cent. Prime
paper 31aG4 per cent. Ster-
ling exchange, heavy, with actual bust
ness in bankers bills az S4S5L4Q4S5lz for
demand and at s4404S4L for 50 days;
posted rates, $485q4 Ssh; commercial bills
81 S2jz64S3; silver certificates. 5S2 1854
Bar silver, 59S4. Mexican dollars, 45.