The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-08-16
BONDS On A BOON
More Business Yesterday
Than for Many a Day.
SANTA re WAS FAV0RlTE
Movement of Gold Cuts a
Figure tn the Dealings.

New York, Aug. 15.-Today's stock
market was in many respects a counter
part of the early trading OF the week
There was, however, more uniformity 10
the advancing tendency. exceptions be-
ing limited to only q few stocks A dis
tinctivs broadening 10 the dealings
aroused optimistism IN some quarters as
TO possible early participation IN the
market by the pubic. Some OF the COM
mission house reports increased orders
and stress was laid upon the prominence
of the dividend paying railroads in the
rise. As an offset the bears dwsIt on the
depletion of New York City bank re-
serves consequent upon the gold exports,
and the usual contraction OF business In
q presidential election season. While
the bank statement OF Saturday viii
have to reflect upwards Of sll.ooo,o9 gold
shipped, it is expected that the loss In
the surplus reserves Of the banks viii
be largely offset by the receipts Of goiG
from Pacific coast points, interior cur
rencv movement and gains rom the SUB
treasury. The latter institution will have
TO disburse to the banks later in the
week some 500 900 through the re-
demption OF the old government Is.
Money rates here today continued easy,
but an easier tendency was noted il dis
counts IN London which caused sterling
bills 10 harden here and the posted hg-
ures were marked up half cent. It is
stated that further gold shipments at
profit are impossible at current rates
for demand bills SSH. the Bank Of
England having withdra WI IFS interest
allowances for gold IN transit. The
stock market in detail showed conspic-
uous strength In many quarters with the
tendency for special stocks Hfuenced ~
rumors. For example, New Jersey Gen.
trail jumped over points on reports OF
a change OF ownership OF the property
thracite coal trade. Other coal stocks
sympathized by the late reaction, re-
duced their gains TO fractions outside OF
elaware and Hudson, which closes -
higher. In Atchison positive Assertions
for and against the payment of a dlvl-
dend on the common stock were heard
which lent interest to the movement N
the shares. Brooklyn Transit spurted up
points on the reputed favorable char
acter Of its pending annual statement.
but the announcement late IN the day
that the report would not be published
for several weeks wiped out pretty much
all the rise Operations In the Steel
group were within rather narrow limits
and they closed somewhat of on bear
pressure Que to another decline IN war
rants. Railroad stocks, particularly the
Granger group. received support, but
they suffered IN common with the gen
eral list IN the selling movement toward
the close. AT intervals today individual
groups were singled out for an advance
and as the room traders generally fol-
lowed what appeared to be good buy
ing, other stocks received less than usual
and lost ground. Sugar, Peoples Gas
and Consolidated Gas were conspicuous
features in the market at different times.
but in only the latter was there any
material effect left of the demand. a net |
gain OF 81 points being established SEN |
timent abroad was reported TO be more |
favoraoly inclined toward American rails !
and London took almost 1900 shares OF /
stock Proft-taking was INDUCED IN in /
the late dealings, and the market gave |
way all around. ending under pressure /
Closing prices of stocks were as follows: /