The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-01-31


Active and Weak-Bonds Strong.
New York, Jan. 3O-The stock market
today, like its recent predecessors, was
almost entirely dominated by the ma
nipulation OF powerful speculative lea
ders. The movement of prices was If
regular al times. but q strong under
tone prevailed in most instances. The
volume Of business was fairly large,
with Sugar and Reading dividing the
honOrs, with $1,000 and 54,So0 shares re-
spectively, the last reckoned as fun
stock. The only other shares that
attained noteworthy activity were St.
Paul and Tobacco. The main consid-
Grafton affecting prices until near the
last hour was the action likely 10 be
taken by the presidents Of the anthra-
coal railroads at the adjourned meet
ing. in relation TO the report or the
special committee on percentages. The
subject was regarded by Wall street
and by foreign operators as OF para
mount importance The impression
that a harmonious agreement would
be reached was reflected in an advan-
cling tendency in the general market
London contributed toward the i'm
provement by purchases Of about 49,
900 shares Of various stocks.
The opening was moderately active
and firm but a sagging tendency soon
developed in which Sugar was most
conspicuous The coal stocks Were
then taken in hand and the buoyancy
in this group was soon communicated
fy,o tho
most animated and exhibited decided
strength. The bonds were also TAX
en- in large blocks by the interests iden-
ti6Ad with the REORGANIZATION. New
Jersey Central advanced Al per cent
Reading 2Is per cent. Lackawana Is
per cent and Delaware and Hudson rs
per cent The gains in the general list
extended TO per cent, Lead preferred
Consolidated Gas, Manhattan. Louis
VILE and Nashville, Pacific Mail, North
ern Pacific preferred. the Changers
and Union Pacific, the most conspicu-
Gus. The last mentioned rose ia per
cent on the progress reported in the
work of reorga niZation. Around de-
livery hour the execution or ruling
sales precipitated a general reaction.
The movement received some impetus
on account Of the lack Of definite or re-
assuring news from the anthracite
presidents meeting. the silver discus
sion in the senate at Washington, and
a stiffening in sterling exchange rates.
In the declines New Jersey Central fig
ured for 212 per cent; Consolidated Gas
, per cent, Sugar Ia per cent and a
number of other stocks for about a
point. The specula ton left off active
and weak in tone, but with the net re-
suits gains in most instances.
The dealings in railway and miscel-
laneous mortgages were characterized
by strength and activity, with the Rea-
ding issues the striking features. The
sales Of those bonds absorbed Sl,59O,OOU
out of an aggregate for the day OF
81 9S1, 900. The securities were logically
affected by the execution of an harmo-
NOUS agreement between the anthra-
cite companies as to the division OF
tonnage, in which the Reading would
be well treated The progress that is
being made toward the reorganization
OF the property was also a strength
ening factor The first preference in
comes were most in demand and also
made the extreme advance OF 3 pei
cent The improvement in the other
lines ranged from y to 2 per cent
Pronounced strength was also exhibit
ed in the Northern Pacific issues. In
the late dealings there was a general
shading in prices in which Reading
bonds were most prominent.
Business in governments was fairly
large, aggregating $4,000. The mar
ket ruled firm and the new fOurs, reg
istered. advanced sharply In the bid
quotations.
RANK CTEARINGS.
Philadelphia, Jan. 3O-Clearings S..
500 67; balances s.. 227. 641.
ST. Louis, Jan. Chickering's $3.50.
sos; balances s73S,2O7. Money cas- pei
cent.
Memphis. Jan Chickering's $52S,oS7
Balances s119.27s.
New Orleans. Jan. Chickering's 81
gu, 1853.
FOREIGN BANK STATEMENTS.
London. Jan. 30.-The weekly state
ment OF the Bank OF England. issued
today, shows the following changes
as compared with the previous account
Total reserve, increase 655,000 pounds
circulation. decrease $1,000 pounds. Bull
lion. increase 1880: other securities
decrease 23s. 900: other deposits. de
crease 4s4. 600; public deposits. increase
sO3. 900; notes reserve, increase 768. 900
government securities unchanged. Th'
proportion Of the Bank Of England
reserve 70 liability. which last week
was G2.52 per cent, Is now s314 per cent
London. Jan. 30.-The Bank Of Eng
lands rate Of discount remains IN
changed.
Paris, Jan. 30-The weekly statement
Of the Bank Of France issued today
shows the following changes as com
pared with the previous account: Note'
| in circulation. increase 54,075. 600 francs
treasury accounts current, decrease, IL,
725. go; gold in hand. decrease 2.775,
600; bills discounted. Increase t4,SI5,yJ9
silver in hand. increase $4,000
ANTHRACITE AGREEMENT.
New York. Jan. 50.-The all-absorbinl
>oplc OF interest in Wall street TO-DAY
was the adjourned meeting OF the presi
dents Of the eleven great anthrac.t'
mining and carrying companies
The session today was begun with ;
| full attendance. The committee pre-
sented its report and a great deal o.
/ squIrming was done by lines Unfavo-a
I biz affected b. the figures presente'
/ andslderable controversy resulted owe
| the question OF adopting the report
| N. positive news from The conference
| vas received n the street during bus
ness hours. The meeting adjourned %
u.znt and L vas then announced, how
ever. that an agreement had been reach
| % reza-iing the division % tonnag
/ beeEeen the respective companies tn
! compact was not signed, but sdo0-et
BY votes L GOES into effect from Feo
( ]. 1856. until Jan. I. 1897. After ne *
pi-atI1u q this period t5e agrss1nea
/ VIII continue operative subjective Q
any interest subjec; % thirty days 10
| tica - challenge 2 revision
! standing committee vas appoints
! consisting a PCS dents Thomas osta'
( Ere. Maxwell q the SsE Jsrsey Cen