The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-12-23

New York, Dec 22-The early stock
speculation was dull and was practical
ly without a feature aside from slight
tagging tendency on realizing and 4
change OF front TO the selling side on the
part of London. The market soon de-
veIoped a firmer tone under the infiu-
ence Of advices IN the high-priced stocks.
Sugar, Illinois Central, New York Gen.
trail and Lake Shore rose l per cent, he
last mentioned stocks being fayorably
influenced by the anticipated declaration
OF the regular Vanderbilt dividends for
quarter and half-year. Covering was
noted in few of the more active prop
critics, but the advance Was checked
around midday by raid on Manhattan
and the chilling announcement of a re-
duction Of Ii per cent in the semi-annual
dividend on Canada Southern, to l per
cent. Manhattan lacked support from
the interests that were prominent in the
rally yesterday, and dropped ga per
cent. The general market weakened and
selling for both accounts was precipitat-
ed by the news of the suspension of the
Bank OF Minnesota, of ST. Paul, and Of
runs upon the Chicago savings banks re-
sulting in recourse by those institutions
TO the sixty-day option on payments 10
depoSitorS. The bears made the best CT
their opportunities to depress prices, par
ticularly in the specialties. Tobacco, af-
ter rise Of per cent, to IS 1-2 per cent,
lost half of the gain in the general slump
towards the close. Sugar was offered
freely and lost ga per cent. The lead
ing railroad shares dropped 1@1 - per
cent. The anthracite coal shares were
inc 70 Il
preston in the industry. New Jersey
Central broke us per cent, to 80 3-S per
cent; Delaware and Hudson displayed
acute weakness. declining 5-s per cent,
to III 5-S per cent, and closing at the
lowest. The decline was attended by a
rumor OF probable reduction in the
company's rate of dividend for 1897. The
decentralization in these stocks influenced
further weakness in the general market
Long Island, exceptionally, broke ) per
cent. The closing was weak at the low
est, the net losses averaging l per cent
throughout.
155,1S2 shares, including: American To-
bacco 800; American Sugar 25,sc0; Bur-
linSton 25,9G0; Chicago Gas 1000; Della
ware and Hudson 3,400; Louisvillel and
Nashville 300: Manhattan II. 600: Read
ing $500; Rock Island 1900; ST. Paul
10, 100; Wheeling and Lake Erie 5000;
Southern preferred 800; silver certifi-
Gates $4,000.
The bond market lapsed into dullness
but prices were maintained, with mater
ial Improvement in some instances To-
ward the close an easier tone developed
IN sympathy with the heaviness of the
stock market. The sales were sos, 900.
Governments showed strength on in |
Vp=trna1of nllrohocaS
Silver certificates were in request and |
touched Go l-2 per cent on transactions |
Of $4,000.
DIVIDENDS DECLARED.
New York, Dec. 22.-The Lake Shore |
directors have declared the regular half
yearly dividend Of per cent, payable |
February l. go
The Michigan Central directors have /
,iso declared the regular half-yeariy |
dividend of per cent.
The Canadian Pacific has declared a
di ridend of / ger cent. Tt,
Gst dividend was Ia per cent.
The New York Central directors have
declared the regular quarterly dividend
# 1 per cent.
LOANS AND EXCHANGE.
New York, Dec. 22.-Noon: Money on
all easy. at 2 per cent. prime mercan-
hc paper ftto PEI tStll, SIZZLING cAClldHSe |
eavy with actual business in bankers
ills at s4.S794.S7 IA for demand and at
fS3 1-2G4S3 ga for sixty days. Silver
ertificates 65 5-8G65 ga cents; no sales;
ar silver 90 Is; Mexican dollars 81 IA.
BANK CLEARINGS.
Baltimore -Clearings s2.7S4,0s2; bal
noes $407. G94.
Philadelphia-Clearin rings So, 7S9, o44; bal
noes 81, 779, 125.
ST. Louis-Clearings s124,743; balances
e57.0S9. Money 5G7 per cent. New
ork exchange % cents discount bid; par
Slxed.
TREASURY STATEMENT.
Washington, Dec. 22.-Today's state