The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-01-12

New York. Jan 1.-THE stock market
speculation today was duh and without
SPECIAL feature. The market opened at
skght concessions IN prices, but soon raj
he'd above yesterdays closing figures To-
bacco was marked up Ia per cent and
Sugar rose IA per cent over the initial.
Towards the expiration Of the first hour
heavlneSS Geve3Oped in Leather preferred.
causing recession OF rs per cent The
general E5t also sagged, but the losses
were confined TO fractions, except for To
bacco, which lost l per cent Specula-
ton left of heavy IN tone The net
changes m prices were unimportanS IN
most instances. Dealings were inaUgIr-
ated In Reading stock. first assessment
paid, and some strength was developed
therein.
The total sales OF stocks today were 10
ol9 shares, including: American. Sugar,
1890; American Tobacco. 500; Burl4ng-
ton, 100; Chicago Gas 200; louisville
and Nashville, 400; Rock Island, 800:
ST Paul, 1880; UI-red States Leather. s..
400.
The week just CLOSED has been an event
ful one The preceding week had expired
with the pubic and Wall street as much
in the dark as ever regarding the prob
able intentions of the administration on
the question Of government hoans. There
has been. however, confident statements
that a tact understanding has been reach
cd between the treasury officials and the
leader Of the bond sy-TBi1ca..e providing
for the sale OF the impending issue 70 is
members. The formal snnOuncernerlr
early on Monday morning Of a call for
public Subscriptions 20 a 500 90 issue
OF thirty year 4 per cent bonds OF IS
created something of sensation. The IN
terval allowed for the Subscriptions acus-
81 al first decided Apprehension. owing %
disbelief IN the street as 20 the praoric-
abahty OF popular loan IN the underst GOD
sense. The point was ratsezl that a con
siderable amount OF the gold 20 pay for
Subscriptions TO the bolds by outsiders
would be taken from the treasury reserve
and that thus the very object OF the loan
woud be defeated. Archer unfavoCabls
criticism made BY conservatives was that
too short a pe--oi Is allowed 90 intervene
bscwesc the closing OF the 51bScTl fs--Oa
ota'ce and the time OF payment. IL was
urged that he w-3Jbdrswa1 from cucula-
ton Of such a large sum as VIII be re
qUtrsi for The purpose might cause
Serious disturbance IN the money uarze--
a much more cheerful tore now prevails,
WIN o. without tie syndicate. the loan
WI b. successful. Il g irl--rnated also
that IN ne event % threatened se1UUs
Developments IN The Houey marke-- a
large block % The bonds would Be i11une-
d-zte,y 6z5p0se5 % for gold ard the pub
II sUhscTipc3pls would bs allowed % 80
On TIE pom about tfs syndicate upon
which s--ess = lad By prof z0ral foau- .
y the former loan. would be r1meksEesy Z
avaEiaols ard from sources osl-s-ce q TIE /
treasury. L 5 a-Eu-1 BY tbs cl1ss that
me loss % ne general business co-n-lur (
more worthy o coCz ts-1-Ol thar -5s !
alleged prO-I-s o. pu7-hase-E q re bonds. /
I = 6erEez By n euDsrs rhzt there = zay
prospect O = 1sSSOi1t-Jl o ne Sy1 -tca-e- Z
s--e1gah A. tae oc-sst ard proes foE re I
leading sbz-s improved La ~ CO.. 4
The buying nnove-1sz1- spo1 s7nsz-1ec. how i
ever. and pe-cc q ce7'resslo1 - y 4
he nearens heavy Loses I'D occurred 4
.hrough0oc re Is Saga dropped 81 I
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