The Wichita daily eagle., 1896-12-01

ssd Gets Worse, Closing Weak at Low
est Prices Railway Bonds Dull and
Lower-GovernweotsF Firm.
New York, Nov 3o.-The indisposition
OF the general public, as well as other
operators who were usually identified
with the long side, to make ventures.
pending the delivery of the presidential
message. continues 10 favor the bear fac
ton. Bulls say that II the message IS
Conservative on the Cuban question. as
it is said to be. outside buying and run
OF the bears 10 cover are practically
certain t1 result. There is no important
liquidation of long stocks and the volume
OF short contracts outstanding Is believed
10 have increased ma ateriaily OF late.
The exceptional ease of money and re-
cent complete reversal of financial and
exchange operations, as between New
York and London. are laid especial stress
upon by the securities-hoiding and own
ing interests and, other things being
equal. afford the sinevS OF war for Dull
campaign. Meanwhile dealings in stocks
are practically confined TO the traders on
the floor of the exchange. The bears
were again successful today In forcing g
lower level for prices. but he movement
was Irregular in this respect and also III
point of activity, as intervals or pro-
found dullness were alternated with
spasms of animation. This condition
was due to spasmodic efforts 10 cover
shcr.s. The final comparative figures,
however, show important fractional con-
cesSions in the railways and more ma
ierisl declines in some OF the specialties.
The reported absence of liquidation does
not hold good as regards the specialues.
which are subject to peculiar trade or
speculative factors. London continues to
work in perhaps unprecedented concer.
with the local advocates OF lower prices,
with more unfavorabie sentimental Ell
fort than is warranted by the extent OF
its operations. The market opened with
general concessions which later became
quite marked incidental to renewed
strength in the foreign exchange market,
posted figures, for instance, being ad
vanced 1s cent, TO s4.S41. and SASS, the
highest quotations recorded for a long
time past. The specialties were the fea-
lures of the market. Sugar was the lead
er iE volume of trading and lost 22s per
cent, The extreme concession made in the
active list. The ostensible cause of the
break was the reported continued sus-
pension of the Williamsburg refinery.
Manhattan sagged 21s per cent: General
Electric 21z per cent; Consolidated Gas
ia per cent; Leather preferred rs per
cent and various other stocks 1@1L per
cent. Laclede Gas fell 2]t per cent in an
ticipation Of the long-pending supreme
court verdict. but recovered rs per
cent later. New Jersey Central became
prominent in the closing dealings and
declined 2S per cent on selling assumed
to be for the long account. The closing
was sluggish and weak at the lowest
price.
The total sales OF stocks today were
Isl 500 shares, Including: American Su
gar $500; Burlington 12.900; Chicago
Gas 1900; General Electric 1890: Louis
vile and Nashville $500; Manhattan Con-
Island $500; st. Paul 15,200; Western
Union Is, 700; Southern Railway preferred
4,5O0
Hallway bonds were dull and lower but
the losses were fractional and were
largely confined to the inactive issues.
Kings County Elevated firsts sold off )
per cent: Burlington debelture fives 3%
per cent, and Susquehanna and Western
2h per cent. The sales were sl.357. 900.
Governments were firm on dealings Of
s53, ,0Go
FOREIGN STOCK MARKETS.
New York, Nov. 30.-The Evening
POSTS London cdDiegram says:
The stock markets were idle today,
thee My feature being a rise in consols 20
112fz on government buying and cheaper
money, and further squirt in Argentines
or the prospect ia resumption of full
payment of the national external loans.
There is 40 fairly large speculative ac-
count in Argentines. Americans were
dull but quiet. The buying was from the
best quarters Operations in exchange in
New York, together with uncertainty as
to whether gold is to go to India. made
the outlook in the money market here
peculiarly difficult guage. The tend
ency is easier for the moment Russia
still takes all the gold offered. The Par
is bourse was steady. The settlement has
begun there
LOANS AND EXCHANGE.
New York, Nov. 30-Noon: Money on
call easy at per cent. Prime mercan-
tile paper 495 per cent Sterling silver
exchange firm with actual business in
bankers bills a s4S6s4 a4s7 for demand
and st.s31sG4.s4 for sixty days. Saver
certificates G5i4 G657s; no sales. Bar sill
yer s.. Mexican dollars 50%
MISUNDERSTANDING S3.s09, ,s33: bal
ances 81 .956,GJ5.
Baltimore-Clearinss .1.ss4.soo: bal
ances s34o,I4
ST.. Louis-Clearings s5,oel ,e77; bal
ances s525, 5,524. Money steady at SOS
per cent. New York exchange 10 cents
premium lid: 800 asked
GOLD RESERVE.
Washington. Nov. 30.-Today's state
rent OF the condition of the treasury
shows. Available cash balance S22s ,0oe,-
4s4; gold reserve $3.50. .i01, ,237.