The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-08-03
.GALL FOR CHANGERS
Is the Feature Of the Day in
Stocks.
BIG EARNINGS EXPECTED
Russian Grain Embargo Has
Its Effect.

New York, Aug. 2.-The tendency Of the
specula ton in railroad stocks TO sepa-
rate itself from that in the industrial
specialties became more marked today
than yesterday. The industrials have not
yet fallen TO a minor place in the specu-
lation. as they are likely TO do at time
when q widespread general demand
springs up for standard railroad securi-
ties, but there were evidences of cui-
minatfon OF speculative movements IN
soma Of them today and the realizing was
covered by manipuletiye advances IN oth-
ers. Brooklyn Transit and Rubber were
the most conspicuous sufferers from il
quotation, and while Tobacco and Cotton
Oil continued to advance by far the most
significant movement in the market was
the enlarged demand for RAILROAD stocks.
This was most conspicuous in the grang-
ers, but the Pacific railroad also shared
in the movement and there was dis
tinctively broadening tendency all through
the list. The granger movement turned
on traffic possibilities and was accompa-
MED by intiInations that some of the
group viii show an increase in earnings
for July, in spite Of the large falling of
in the grain movement, as compared with
last year. Much Importance was given 10
the report received by the state depart
1nent from the United States consul at
Moscow that Russia is considering prop
osttiop to forbid the, expectation OF grain,
owing to the failure of the crops to make
good the past years large depletion in re-
serves. The fact that gold imports were
fairly naugurated today with the an
nounceme nts that over 81, 00O, 900 was en-
gagged in London import and over 81, 500, GOO
shipped from Sydney for San Francisco
had a sentimental effect in hardening the
market There was nothing in the local
money market, however, TO Indicate the
need OF additional funds. The sub-treas-
ury is again losing largely to the banks
Is no appreciable demand from the inte-
rior. IN spite of the large increase in bus
iness and the movement of the crops
Total sales of stocks today were 49,
100 shares.
BONDS.
The bond market was active IN the mid
die lower grade issues, which quite gem
orally advanced. Total sales were S3,245,-
900. United States threes touched 105 today
on sales and the governments were strong
all around on the announcement by a
treasury official that there would prob
ABLY be no need OF another issue OF bonds
on account Of the large internal revenue
receipts under the law. New tours reg
istered and coupon H7A; tours. 11o%; cou-
pom, III; seconds, 81; registered and cou-
pom. 11124: Pacific skies of go, 100.
FOREIGN STOCK MARKETS.
New York. Aug 2.-The Evening Posts
London financial cabiegran says:
'~Today's stock market opened lifeless.
but the tone was rather good. American
closed at The best Union aPcifc was III
demand About a half million dollars in
gold was bought in the open market.
chiefly for The continent, but some we
taken for New York. Spanish stocks
were better. The Paris and Berlin mar
kets were firm"
London, Aug. 2.-Spanish fours closed at
1875.
Paris, Aug 2.-Spanish tours closed at
1905 Operations on the bourse today
were absorbed by the settlement, the
rates being 3d. Prices were firm and after
a slight reaction closed strong under the
influence of recovery of Spanish fours.
GOLD FOR IMPORT.
New York Aug. 2.-Lazard Freres have
engaged 81, $50. 900 in gold for import and
the Bank Of British North America have
engaged S125, 900 in gold in London for
import.