The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-08-02
STOCKS Hold FIRM
Market ResiStS a Number OF
Adverse influences.
DEMAND MUCH IMPROVED
Foreign Exchanges Have Little
Effect on This Side.

New York, Aug. The stock market
held firm today against severa! adverse
| influences and showed greatly improved
demand IN the lacer dealings. The supply
Of American stocks left IN the foreign ex-
change has become SO much reduced and
dealings IN them are SO Insignificant there
that little account was taken Of the tacs
that London was closed today Tor its
bank holiday. Railroad stocks ia tbs
early dealings here continued 70 suffer
from the neglect which has recently made
the market almost stagnant- The bears
awaited themselves OF the quiet TO make
an aggressive attack, directing their 81
forts chiefly against Brooklyn Transit be-
cause This stock has recently gone Up
sharply and there are known 60 De nedVy
speculative commitments 10 the long sloe
In them. There was besides disposition
10 take prohts so that prices sn@ded Oh
easily and uncovered stop loss orders.
Peoples Gas was also subjected 10 vigor-
Gus attack and was sold down to s. The
motive offered fer selling Brooklyn Tran
SIT was the fear that the profitable trafIlc
over the Brooklyn bridge would be in
terfered with 20 allay public apprehension
regarding the strain on rn- bridge. The
ism, though the price did not get Tar away
from I39 The bears in addition, had re-
ports that the rains in the west had
come TOO late TO prevent serious harm 20
the corn crop. Prices fell quite materially
below Saturdays close under this com
bined attack but inside support was forth
coming in the stocks which were most
severely affected and the shorts were
driven to cover, making the recovery IN
these stocks almost complete. OF the
grangers. Rock Island and Burlington. the
disunctively corn-Carryins roads, rose
from l 20 1916 from the lowest and the
southwesterns as group were strong.
The Rubber stocks closed today with
gains OF IA and az respectively. New
York Air Brake. Pacific Mail, Lead and
Tobacco were strong features all day.
Total sales Of stocks today were $685.
800 shares.
The stock market was also materially
aided by the increased demand for bonds
in the afternoon, IN which there was ac-
tive business. especially in the bonds Of
lately organized roads and the June issue
which was gaining in security from the
increase in earnings
BONDS.
Government bonds were strong on the
prospects today, although this factor had
only a small influence in stocks. The new
government threes advanced 70 a new
high level, allotments of subscriptions
selling at 1919. United States fours. both
the new and old issues, advanced 4, the
threes when issued q and the fives regis
tered 4 per cent in the bid price. New
tours registered. 12714 613S; coupon. 127l44
rs; tours, 1I03zG111; coupon, u11112; SC
onds. s61a; fves. registered and coupon,
lIl2 G1l21a: Pacific SKIES of SO 102
FOREIGN STOCK MARKETS.
Paris, Aug 1-Prices were firm on the
bourse today in anticipating that peace
between Spain and the United States Will
be concluded soon. Rio Tintos and De
Beers were in special favor, owing 10
the belief that they will be particularly
benefited by the conclusion Of peace.
Spanish tours fiuctuated narrowly.
Berlin. Aug. business was quiet and
prices We're firm on the boerse today and
there was a general recovery Of re-pur-
chases- Coal, iron and steamship shares
attracted attention, due 10 the favorable
half-yearly report Of the Hause COM
pany.
LOANS AN EXCHANGE.
New York, Aug. L-Noon;-Money on
call nomnsily, 14G15 per cent. Prime
mercantile paper, 3izG4 per cent Sterling
exchange steady. with actual business in
bankers bills at 81 S5G4s514 for demand
and at 81 S3la a S31z for SIXTY days. Posted
rates. 81 S4lz64S6 and 81. S612. Commercial
bills. $4.S2E4S2I2. silver certificates, ssh
059. Bar silver. IS 9-16. Mexican dollars,