The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-08-16
ACTIVE AND bDOYANI
Remarkably So, Was Yester-
days Stock Market.
RISE OCCURS IN VALUES
Due Mostly to the General
Grand Outlook.
RISE OCCURS IN VALUES

New York. Aug. l5.-The market for
stocks was remarkably active and buoy
ant today. There was an occasional halt
In the upward tendency when the price
OF sons leading stock was advanced 90
a level wSdo1 invited unusually heavy Of
ferings. But no volume Of offerings
seemd sufficient TO check the steady up
ward tendency OF the market and eevry-
thing was absorbed with eagernexs. St.
Paul took the lead Of the market with
q rise Of 81 per cent. the total trans
actions for the day footing up 400
shares. This advance was undoubtedly
due 20 the movement Of a large conbiaa-
ton OF speculative interests and was
based primarily on the fact that the adj
vance in the price hitherto has been COM
mensurats with that in other prominent
grangers. Ths reason for this probably
was that the stock has bean more largely
held abroad than the other Erangers and
London has been Professionally ltquidating
its holdings OF American stocks. II - now
said tina, these London offerings have
been steadily absorbed by the powerful
speculative clique which started che pres
which GAS now shiftd the leadership TO
81. Paul. The buying was accompanied
by rumors that the next serni-annual div
idend OF two Per cent will be supplement
ed by an extra dividend. The preferred
stock was bid I'D 81 Per cent today and
the high grade bonds OF me company
were also very strong. 81. Paul was the
conspicuous center Of the market me
other grangsrs were uniformly strong.
The buying Of Northern Pacific contIn-
ued very large and aggressive. Brooklyn
Transit was also heavily bought and a
number Of other fndustriais, notably To-
bacco some OF the iron ard steel com
panies. New York Air Brake and the
American Mating were buoyant and act
i've. The strength spread from the lead
ers as the DAY progressed and embraced
a continually growing LIST of stocks. most
OF which show gains Of between l and 2
points and many OF them in excess OF
that. Sugar and Manhattan were de-
pressed throughout. There was DO special
news TO account for the rise, which was
rather due 10 the growth OF a general
conclusion that the conclusion of peace
will give full scope to the extraordinarily
favorable conditions in the country en-
braced in large crops at profitable prices.
easy money conditions and acontinued
favorable trade balance. The multiplying
signs OF business activity in all lines
strengthen the conviction in the coun-
try's continued prosperity.
Business in bonds was on a somewhat
reduced scale and there was a tendency
TO reaction at some points in the list.
81 c,ra al
into stocks. Total sales were s., $500.
United States threes (when issued ad-
vanced Is IN the bid price. Government
bonds were otherwise unchanged.
Total sales of stock today 55s.50 shares.
New tours. registered and coupon. 1271.:
tours, 111A; colpon. ILL.,; twos, 81: fives,
registered and coupon, lip; Pacific sizes OF
SO. 1O21a.
LOANS AND EXCHANGE.
New York, Aug. 15.-Noon: Money on
call nominally. IL per cent; prime mer-
camille paper. 314a4 per cent; sterling ex-
change steady, with actual business in
bankers bills at A5G4s54 for demand
and at s4s4i4 for 50 days Posted rates.
S4s4izG4.s5 and s4.Ssq4s6k Commercial
bills, 81 S3d4. 1914. Silver certificates, 5sS4
591a bar silver. 599s; Mexican dollars, IS.
FOREIGN STOCK MARKETS
New York. Aug. 15.-The Evening Posts
London financial cabIegram:
The stock markets here were quiet
but distinctly firm today. the feature be-
ing the strong demand for American and
Argentine stocks. The latter were bought
chiefly by Berlin
Americans were dealt IN extensively
for New York and there was also much
English and German buying. TIE demand
largely conferred in Erie preferred and
Union Pacific and Northern Pacific
shares Prices in the street closed quiet
at the top with a hopeful outlook
There was further small recovery In
Grand Trunk.
Apart from the directions indicated
general business remains % stagnant that
the closing OF the stock exchange on next
Saturday Is mooted- The question Is be-
ing considered also whether the exchange
shall be closed every Saturday during
September.
"A stock exchange failure is announced
but II is small and Of no consequence
The money market was firm at III per
cent. mainly cn apprehension abour the
strong monetary and exchange position IN
New York II may harden further.
'aThe Paris bourso was closed today.
this being church holiday. The Berlin
market was firm"
London. Aug. L.-Spantsa tours closed
az 42A-
Berlin. Aug. 15.-Tte rarke: today was
firm Argentines were in good demand
and Italians some what easier. Americans
hardened ard mining securities CENTRALLY
advanced.
London, Aug. I1-Ths reported death %
Mrs Terriss. widow Of the actor. who
vas murdered BY Richard Arthur Prince
OF December Is, last proves - have been
al error Mrs. Tsrr1sE Is seriously IL
Berlin. Aug. I3-The municipal author
tiles along the Rhine have 6scrsed TIE
removal Of glazing advertisements of az
American cereal preparation which lad
been placed a. the most conspicuous and
Iove,ies: spots zioEE the river.
Berlin aug I5--Emperor Tlll's- has
finally decided that the city Of BerFis usT
acce7c q legacy OF several millions ot
marks Jeff by e Glsreputzole insurer
named SIMON BlSet OF condition that =
statue BE erected 20 his memory. TIE
case has been pending FOR several years
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