The Wichita daily eagle., 1896-12-17
JUST FOR A CHANGE
STOCK MARKET SHOWS rrRMNESs
AND GAINS ARE MADE
Favorable International Trade statemen.
Cuban Rumors From Washington are
Given Mainly the Credit for the Im-
Probability Of Geld Exports
Also Lessened-Bears are Put to Cover
Ing Close is Strong as the Days Best
Prices and sharp rractioaal Net Gains.

CsOS0 - SlrOoS NJ Inc D3y'8 Be0t
Prices and sharp Fractioaal Net GAINS.
New York. Dec 1s-The volume Of
business in stocks was about equal 10
yesterdays record, and the dealings
were fairly well distributed Consider
able firnness was evident in the early
trading, and general gains were made
The positive influence of the favorable
international trade statement for No
vember, showing an excess of $685.
SS5 in exports over imports. and a gain
for the eleven months OF ssss, ,0ss. .7o9. and
absence of distributing news from
Washington on the Cuban question, was
considered responsible for the improve
ment. Another bull item, also negative
In import. was a denial OF the reports,
based on the increasing firmness OF the
exchange market, Of probable resump-
ton of gold exports TO Europe The
strength OF exchange was attributed
mostly to the approaching January dis
bursementS for interest and dividends
on American securities held abroad and
10 the higher discount rate in London,
where money is again hardening Bank
ers say that there is no prospect of gold
exports, owing TO the impending matur-
lty, at intervals up 10 February i, of
loans made to Europe on exchange es-
timated to aggregate in amount from
So. 900. 600 to $50, coo, goo The considera-
tons noted induced liberal covering by
the bears. The lower prices for Ameri-
can securities in London were disregard
ed by the traders, and in the speciaitiss
manipulation for a rise was clearly ap-
parent. Consolidated Gas waS marked
up per cent and Sugar and Rubber
common and preferred about a point.
Manhattan was dealt in eX-dividend of
IL per cent and contrasted with the
other markets by declining IL per cent
on continued selling by a leading bear
operator The decline was attended by
discouraging gossip on the dividend out
look, almost three months away Sub
sequently the stock rallied 2H per cent
to 94l4 per cent. The gold export rumors
above referred to caused a reactionary
tendency soon after the first hour and
special pressure was directed against a
few stocks, notably Burlington. which
fell per cent, also on rumors affecting
the dividend question, based on the un-
satisfactory traffic returns and increas-
ing floating debt The American Spirits
shares also declined materially on the
delay in effecting trade arrangements.
The other losses were fractional. Iiqui-
dation was discernible in several stocks.
With unfavorable sympathetic effect up
on the general market. A better tone de-
veloped around midday and heavy cover
ings of shorts was noted, carrying the
active list up 1929 per cent overthe low
points. The closing was strong at the
best prices Of the day with the general
list showing sharp fractional net gains.
The total sales Of stocks today were
206.500 shares, including: American Su-
gar 40,5e0; Burlington 1900; Chicago
Gas 7,100; Chesapeake and Ohio, 300:
General Electric $500; louisville and
Nashville $500; Manhattan Is. 400: Read
ing q, 100: Rock Island 5,400; st Paul
q 500; Union Pacific 2,100; Western I'm
ion 800.
The bond market was regular on mod
crate transactions. which included a
number of the usually inactive issues.
The sales were 81 100000.
The principal declines ranged from ~
10 per cent. The last in Brooklyn ele
waited seconds. The more important ad-
vances ranged from 1ta to 2A per cent.
Governments were strong and slight
ly on sales Of $1,000
In state securities $4,000 Virginia CEN
turies sold at 81.
FOREIGN STOCK MARKETS.
New York, Dec. 1.-the Evening
Posts London cablegram:
''The stock market continued dull and |
depressed today with no business. in |
view of the approaching holidays and the |
end Of the year. Consols were fat on |
the money market. which was today gen.
orally influenced by the news Of the gold |
exports to Japan. OF which / cabled you |
yesterday. AS the matter had been kept |
so secret. the money market now jumps
10 the conclusion that further large ship |
nents to the same quarter are probable |
gather from good sources. however, |
that any drain is not likely. New York |
is watched closely. Americans |
we're depressed with the other markets, |
but the close was above the lowest |
Mines were fiat on the reported retire |
nent OF the principal partners of large |
firm of Kaffir operators. / learn that /
his is certainly premature and partly |
untrue. The Paris bourse was duh and |
he Berlin market weak"
LOANS AND EXCHANGE.
New York. Dec l6.-Noon: Money on |
all nominally 1-242 per cent: prime |
mercantile paper 4a5 per cent; sterling
firm with actual business in |
oankers' bills at S4S7a4S7 IA for de-
nand. and at 3i,s3 3-4d44 for sixty
lays. Silver certificates So 5-sa6s cents:
10 sales. Bar silver 65 3-S. Mexican
ioiIars 81.
BANK CLEARINGS.
New York. Dec. 16.-Clearings Sl15-I
II. .0S6: balances ss,s32, ,274
Boston-Clearings Sic, s,6s3, ,121; balances
2, ,561. .43s.
PhiIadelphia-Clearings s11.55s,On: bal
noes 81 1,9l0.624
Baltimore-Clearings ,2.2s5.ss7; bal
.nces S535. .s07.
ST Louis-Clearings 1885, .51i; baIar-
eS s590.44. Money Gas per cent. New
York exchange par bid: % cents asked.