The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-01-15


the Bond Issue, aud on This side the
Governments Actioo In the Event of
Threatened stringency In the Money
Market Is Figured on FavorsbIy-Day's
Dealings in Stocks and Bonds.
New York, Jan. 1.-THE stock mar
ket opened strong under the favorable
auspices OF higher quotations for ou-
securities In London and OF further in
telligence Of a more pacific trend in po-
litical developments. In The early deal
inSs advances were scored. in which
New York Central figured for > per cent.
In the more active shares the gains were
restricted 10 :. a per cent limit. The
strength of the market was in large
measure due 20 the increasing conf
dence that all practicable measures viii
be taken by the government TO proven,
a Stringency IN the money market as
result OF the Withdrawals from the
banks incidental 10 the payments OF
SUBSCRIPTIONS Tor the new issue Of bonds.
Before the expiration OF the hrsc hour
a reactionary tendency developed on the
engagement OF 81 .4o0. 900 IN gold. In the
reErOgreSSive movement, the general
list touched figures slightly below yes
terday'S final sales. Chicago Gas was
depressed 21s per cent on sales IN con-
1ecJlon with the enactment OF ar oTiin-
ance by the Chicago aldermen, whereby
deposits for gas metres must be made 70
the city treasurer instead of. as hereto
fore. with the companies. The mystery
attending the meeting Of the directors
OF the United States Leather company
was not especially reflected in the mar
ket price % the stock. No intimation
had been made. previous 10 the meet
ing that any Of the other questions than
that OF the regular dividend on the pre-
ferred stock would be considered by the
board Offcials OF the company observ-
ed strict reticence, aside from state
ments that the dividend question had
not come up and that only changes In
the bylaws OF the company had been
dicuSSed. RumOrs We're current that
the policy declaring a scrip dividend had
been debated, but could not be confirm
ed. \ jump Of "a per cent. 20 50 per
cent, in Cleveland, LOrrain and Wheel
ing preferred was unattended by any
satisfactory explanation. Metropolitan
Traction bettered its record by a furth-
er advance OF 1 per cent. TO 100 per cent.
The Improvement Is attributed 10 re-
purchase Of stock thrown over by inves-
tors when the Venezuelan controversy
was in the acute phase. The market
closed STEADY IN tone with 4TdCQO0a4 net
concessions general
The bond market was irregular, with
a prepOnderance of advances. The
Union Pacific issues declined sharply,
but made partial recovery in the clos
ing dealings. The aggregate OF trans
actions was only moderate. reaching
s., 500. 900.
Governments were quiet. The old
four coupons and four registered gained
/ per cent and Ia per cent respectively
OIL dealings of $500.
LONDON GOOD ALL AROUND.
New York. Jan. 1.-THE Evening
Posts financial cablegram says:
About 10000 pounds in gold Is being
dispatched from here today for New
York. IL is bar gold. picked up quietly
in the open market by the bond syndi-
cate or individual members OF the syn
dictate.
The stock markets were good all
around today, on the political situation.
and on the dearth OF stocks and the
smallneSs OF the speculative account as
revealed by the settlement which began
today COntangOes on Americans were
only 21R per cent.
Americans were very good. The clos
ing was a shade under the best. Lake
Shore advanced 4 per cent. More favor
able expectations of the success OF the
bond issue helped the rise in Americans.
There is no public buying here yet. Con
soils were nearly 101. South American
stocks, notably Argentines. were espe-
cially In demand. There was a strong
squirt in West Australian mines. Many
believe in a boom in that quarter before
long II no disturbing political events
occur.
The Paris. Berlin and other continent
no