The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-01-30

| New York, Jan. 29-There was a
very strong belief in Wall street today
that the government is preparing for
the issue of new per cent loan and
that treasury circular giving the
terms Of the loan is likely to be issued
at any moment. Washington dis
patches denied that such determine
ton had been reached by the president,
but apparently without any effect upon
current opinion which held to it that
another bond issue is pending The
chief influence of this belief was upon
the money market rather than on the
| stock exchange, and was reflected in a
| hardening Of loans and withdrawal Of
| much Of the offerings which have glut-
| ted the market for months past The
factors of the share speculation were
. the prospective gold exports, the with
drawals of gold from the sub-treasury.
| the heavy London market for Ameri-
can securities, selling here for the for
elgn account and the raising of the is
! sue OF silver versus gold which the
, presidents message has led to, both in
congress and in sections of finance, not
alone in this country but beyond the
sea.
The opening of business on the ex-
chdnge today saw a free selling move
ment commenced, causing a sharp de-
cline, the depression continuing up to
midday, at which time losses had been
made ranging from Il per cent to 41a
per cent, the later in Canadian Pacific
A dispatch from London stating that
the establishment of an opposition line
| to parallel large sections of the Canadi-
an Pacific and to have government aid
was being negotiated ccaused the
II he Il aJ;, r
isville and Nashville pa per cent; Cot
ton Oil rs per cent; Cotton Oil prefer
red 3A per cent; Lake Shore and Rub
Der IL per cent Rock Island and South
ern preferred IL per cent and Canada
Southern and Distilling is per cent,
the latter breaking on a report that re-
ceiverS were to be appointed for the
company. After midday the pressure
to sell was in a great measure reliev-
ed and partial recovery took place.
Lead selling up to 21s per cent; Lead
preferred 1 per cent; Manhattan is
per cent; General Electric, which had
previously lost l per cent, is pr cent;
New Jersey Central Il per cent; New En-
gland, Rock Island, Chicago Gas, Sugor
La Clede Gas preferred, Leather pre-
ferred and Bay State Gas preferred
per cent and other shares a fraction.
There We're some heavy declines, not
ably Louisville and New Albany pre-
1erreO "a per cent; St Paul preferred
IL per cent; Long Island per cent
During the last hour the market was
generally strong in tone and prices
continued to move up to the close. An
exception was Pullman, which broke
2A per cent just before o'clock. Most
of the shares dealt in show declines on
the day, including Canadian Pacific
AZ per cent; Cotton Oil preferred 81 per
cent: Cotton Oil common rs per cent:
Long Island per cent; Pullman pa
per cent; Norfolk and Western pre-
ferred 2 per cent; Louisville and New
Albany rs per cent; Louisville and
Nashville and Lake Shore IL per cent;
Rubber and Nickel Plate seconds pre-
ferred IL per cent: Oregon Short Line
and La Clede Gas common Ia per cent;
Distilling. st. Paul preferred, Nashville
Chattanooga and Susquehanna and
Western preferred l per cent. Specula-
ton closed strong.
The bond market was weak and active
during the day. There We're some ma
terial changes recorded including Hous-
atomic fives which sold at 124 per cent
against 1865 per cent on May II; Nir-
sinia skies deferred trust receipts
stamped, receded 3A per cent, to 6H
per cent, and Kansas Pacific consolS
gave way per cent, to 20 per cent, but
recovered to 71A per cent The aSgre- !
IA calaS yara S1 $50 800