The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-12-04
FIRMS AT CLOSING
sHARES End TIE DAY AT SHARP
FRACTIONAL GAINS.

Movement and Distribution Poor-Open-
ing Weak and Lower on Foreign News
I and st. Paul and Rock Island November
EarninSs-Jump in Consolidated Gas
| Other Gas Properties Much In Evidence
Sugar Affected by Refinery News
Bonds Gaining.
New York, Dec. 3.-The stock market
today was moderately active upon an
| irregular movement and poorly distri-
| buted volume of business. A number of
specialties were conspicuous for sharp
| fluctuations The changes in the regular
active railway list We're, as rule, unim-
portant. The market opened weak and
lower on foreign selling and the unfavor
able reports of gross earnings for No
vember published by the ST. Paul and
Rock Island roads. Neither OF the eX-
hibits was, however, as discouraginS as
the bears had forecasted. The downward
movement did not make much Roadway,
as the bulls in number of the special
ties made a diversion which caused I'M
easiness on the part Of the shorts in the
respective properties, and sympathetic
Strength was thereby impaired TO me
general list. Consolidated Gas, eXcep-
tionally. jumped 81 per cent. to 1919
per cent. The extreme advance was not
retained, however, and the stock closed
at 1872 1-2 per cent. Chicago Gas resumed
the leadership of the active list and adj
vanced IL per cent, to 761a per cent.
Substantial gains were also scored by
General Electric and Leather preferred.
Sugar made rapid changes and was un-
ravorably influenced by the news of the
definite arrangements being made for
starting the Arbuckle refinery. Profit
taking in number OF shares gave the
market an irregular appearance, and
some stocks receGed sharply in the after
noon session. Omaha common displayed
renewed comparative activity and
strength, on the growing impression that
dividends at the rate of 8 per cent per
annum viii be begun in February next.
Laclede Gas displayed exceptional weak
ness. breaking 2 Y per cent. The Nan-
derbilt shares became prominent II the
final dealings. in connection with the
declaration of the regular Northwest
ern dividend, and the Lake Shore report
! for the nine months, showing surplus
after charges of S2,414,352. The declar-
alton OF a dividend of j per cent on Den
YER and Rio Grand preferred was attend
ed by rise of u. per cent. On small
Transactions the general market exhib-
tied Improvement in the last hour and
closed firm at sharp fractional net gains.
The total sales Of stocks today were
\ 1740i9 shares including: American Sugar
81, 500; Burlington 500; Chicago Gas H.
zoo: Louisville and Nashville $500; Oma-
| ha 400; Reading 500; st. Paul 1890;
Rock Island, $500; Western Union s.
200; Southern railway preferred $500.
Railway bonds moved upward and
% H. h. ra1t
active issues. Dealings were moderate
in volume, but were well distributed.
The sales were s1,677.000.
A good investment demand for govern
ments is reported at improved prices.
Transactions at the board footed up $780,
900, without special change in prices.
LIEBKNECHT'S Def
FOREIGN STOCK MARKETS.
New York, Dec. 1.-The Evening
Posts London financial cablegram says:
1.-THE continued fairness in mines had
depressing influence on the stock mar
kets here today, which otherwise We're
inclined to be firm. The close in mines
was at the lowest causing some uneasi-
ness. Consols were easier on the decis-
ion about advancing money to Egypt.
Americans generally were lower. Real
ization sales were followed by little
good buying"
London. Dec. 3-Consols for money,
Ill 7-16 for the account. Ill ga Cana
dian Pacific 81 -; Erie Is: Erie sec
onds Sc; Illinois Central 90; Mexican or
binary p: st. Paul common rs SIS: New
York Central 81 IA; Pennsylvania 53 3-s:
Reading IA IS; Mexican Central new
fours So IA; bar silver 90 7-Sd per ounce
Money 8 per cent. The rate of discount
in the open market for short and three
months bills 1-s@ 8 IA per cent. Gold
is quoted at Buenos Ayres today at
1873. so: Lisbon 80 L.; Rome 1915 Bar
gold is quoted at rs 10 ga d.
Amount of bullion gone into the Bank
of England on balances today 63 900
pounds. The Bank of England's rate
vf discount remains unchanged al per
cent
Paris, Dec. 3.-Three per cent rentes
104 franc 80 centimes for the account.
Exchange on London PSF % 1-2c for
checks
Berlin. Dec. 3-Exchange on London
eight days sight 20 marks sc pfennigs.
LOANS AND EXCHANGE.
New York. Dec. 3-Money on call easy
at l 1-2d2 per cent; last loan l II per
cent; closed 1-262 per cent. Prime mer
camille paper 465 per cent; sterling ex-
change money steady with actual bus
mess in bankers bills at s4S6 1-2M3-4;
for demand and s4S3 1-2G4S3 3-4 for six
ty days: posted rates s4.S4644s4 10 and
s4S7 1-2G4SS; commercial bills s4S2 "a:
bbar silver So is; silver certificates
60 1895 3-S
BANK CLEARINGS
New York-Clearings Sis 34, 1851; bal
ances s6.93S,4S7.
Boston-Clearings s2o,37o, Oss; balances,
So. .292
MISUNDERSTANDING $685.. SOC: bal
ances 81 ,2e9.491.
Misunderstanding s., ess, $40; balan-
ces SS2o.41S
St. Louis-Clearine 1859. 959; balanc-
es s7s5,Sso. Money Gas per cent; New
York exchange IS cents premium bid;
81 premium asked.
GOLD RESERVE.
Washington. Dec. 3.-Today's state,
ment OF the condition OF the treasury
shows: Available cash balance S24,440,-
csc. Gold reserve, s123. 49,. COS
DIVIDENDS DECLARED.
New York, Dec. 3.-The directors Of
the Denver and Rio Grande railroad
have declared a dividend OF l per cent
on the preferred sock, payable January
Is
New York. Dec. 3.-Tae directors Of
the Chicago and Northwestern railroads |