The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-01-19

OF the
of the PopuIarizing OF the Losn-B Bonds
New York. Jan. 1S.-The stock market
today opened irregular but almost al the
outset a heavy tone was apparent and
general weakness quickly developed. The
arguments advanced against higher prices
were the familiar ones of uncertainty r.
garding the immediate financial and po-
liricSl outlook. The bear professionals
fully approved the misunderstanding prev
alent until after the close OF business, re
garding the alleged destination OF the
British flying squadron for American
waters. Gloomy forecasts as 10 the bus
mess outlook for the granger properties
were also circulated. The selling move
ment was well distributed and material
net losses were scored all along the line,
extending 10 ~ per cent IN Baltimore ana
Ohio. The grargerS declined lGl% per
cent the extreme figure being reached IN
Rock Island. The final prices were al
about the lowest Of the day.
The total sales of stock today were
us, S7 shares. including: American Sugar
IS. 4o0 American Tobacco S09e, Atchlson
500, Burlington ,1Slp. Chicago Gas OBJ,
Disdlling 400. Louisville and Nashville
5,lO0, Manhattan $40. Missouri Pacific b
800. Rock Island 800. ST. Paul $50. South
ern Railway preferred 200. Tennessee
Coal and Iron 2. 500. United tSates Leather
preferred 4. 100. Western Union 4, so. Wis
consin and Lake Erie 200.
Speculation for the week has been DOM
mated by SenSittvenesS on the part OF IN
vestors and dealers over the domestic
monetary outlook and the unsettHng po-
Ettcal runners which at the close OF the
week show diminished gravity. The mOdi-
ncatton OF the terms Of payment for the
new government bonds following the for
NAL announcement OF the dissolution OF
the Morgan bond syndicate relieved to a
considerable extent the apprehension OF
serious disturbance in the money market
and the impression of Mr.. Morgan that
the loan would take care OF itself IS shared
by a great many people. Nevertheless a
sentiment OF dlScoura cement has been re-
Elected in a restriction of the volume of
business and a Sagging tendency of prices
This condition of the speculative mind has
been aggravated by the decision of the
senate committee on foreign relations TO
report unqualifiedly in favor of the the
assertion of the Monroe doctrine upon the
broadeSt guage line. The numerous mer-
camille failures that are being noted. logic
ally exert disquietirg influence, particu-
larly as there is some disposition 10 con-
meet the extreme dullness OF the CONNER
cial paper market with the preparations
new being made by the banks for expect
ed heavy Withdrawals OF funds inciden tai
TO the bond issue. It Is unQues uonable,
that in the event OF threatened disaster 10
the general business community he safety
valve OF clearinghouse loan certificates
would be used 10 the largest practicable
extent to avert danger to the merchants
The possibility OF large withdrawals Of
gold for export and OF heavy inroadS upon
the treasury reserve by would-be pur-
chaSerS Of government bonds. so as 10
greatly diminish the net benefit to result
in the new loan, i also pointed as bear
text Neither is lie contingency OF the
near elimination Of the Cuban struggle,
compelling the recognition of the insurg-
entS as belligerents, been overlooked by
bulls or bears. Operations for foreign
account have been almost unvaryingly 10
sell The market, as previously tntimat-
ed. was dull throughout, and at times
reached actual stagnation. The high
priced industralS were the features OF
the dealings and were alternately manip-
Of the insiders. The anthracite coal stocks
failed TO respond TO the news Of a call
for a presidents meeting 70 be held on
January e The aggregate sales were
S., 400 shares The net results show ir-
the active shares generally
lower. The preferred in this class scored
an exceptional gain OF 81 cent, while
Sugar made the greatest loss, of rs per
cent On the inactive stocks. Cleveland,
Lorraine and Wheeling preferred gained
8 per cent, Illinois Steel per cent and |
Traction ~ per cent
The dealings in railway mortgages to-
day were on fairly large scale, with a
selling tendency of prices.
The weeks operations in bonds were OF
a moderate proportion and high prices
almost generally prevailed The aggre-
gate OF transactions was 100000. The
net changes in prices were, as a rule, I'M |
important. 1rregular1ty appeared in the 4
bid quotations for governments. but the l
final prices are practically unchanged as !
a result OF the weeks operations. The
market was fairly active with sales Of SO.
-.
LoNDON's CLOSING.
London. Jan. 1S-Closing: ColsoLs for 1
money l077z; for the account, 1071z; Canada 1
Pacific, 80; Erie, 80; Erie seconds, tn; IL 1
inois Central, 80; Mexican ordinary,
~; Z Paul common, 6S7s; New York Cen
Mexican Central new fours, 6Sb. Bar /
silver, 90 Ills pence: money. = per cent: 1
ate Of discount in open market for short l
bills, lilo per cent.
II 1850, Madrid T762. Lisbon. &Lt. s.. |
Petersburg 90. Athens a. Rome I0e.3O.
Vienna 1d2.
Amount Of bullion gone into the Bank
II England on balance today. E2l9.ODo
Berlin. Jan. 1S.-The weekly statement Of
he Imperial Bank Of Germany shows the II
GLOWING changes. as compared with the
PREVIOUS account: Cash in hand, Increase
5 $1,000 marks; treasury notes, increase
5000 marks; other securities. decrease I
), $4,000 marks; notes IN circulation, de- 4
rease "a ID. 90 marks.
Berlin. jan lS.-Exchange on London.
marks - pfenntg.
BANK CIIEARINGS.
New York, Jan. S.-Clearings. S92 So. 70;
alliances, 3. 50. 80
Boston, Jan. 1S.-Cleariugs, S45s. 81; |
8 ,5s21as-
Philadelphia. Jan. 1S.-ClearingS, so. sG- |
y: balances, s.. ~, 80.
Baltimore. Jan l-Clearngs, g, -, 15i; <
KS. 75l.
St. Louis Jan. I8.-CleariuEs, e 81. go; L
alances. &s.5i5. Money. 5Gs per cent \
few York exchange. 800 premium bid
GRAIN MARKET i