The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-01-10
NO LONGER EXCITED
STOCK MARKET ASSUMES AN At
TTrUDE OF WAITING.
% General Dominating Influence But
Special Influences on Particular Stocks
are Notlced-Money Rates, Sterling Ex-
change aud Gold Shipments Taken Note
Of-Street Thinks the Treasury and the
Banks Understand Each Other-PIenty
of Loan Applications, But skepticI>m

as 10 w here the Gold Is TO Come From.
New York, Jan. s.-Today's stock
market is best described as a waiting
one The volume Of business under
went a considerable shrinkage and
there was a market absence OF the re-
cent excitement. Prices did not move
uniformly. evidencing the fact that
stocks were being dealt in subject TO
special considerations affecting them.
rather than upon any general dominaI-
ing influence. such as the war talk or
the treasury situation. At the same
time. easy money rates, a weaker TEN
dency in the sterling exchange market
and encouraging decreased estimates
OF the amount of gold TO be shipped TO
Europe, were factors in the speculation.
The sentiment in the street on this
point was that a definite understandings
obtains regarding treasury relief mea-
sureS between the administration and
powerful banking interests. Late in
the day TumorS were current that pres
sure was being brought 10 bear upon
the president and Secretary Carlisle TO
have the interval of time for subscrip-
tons named in the bond call abridged
The first batch OF blank APPLICATION
forms for subscriptions 10 the new
bonds was received at the New York
suD-treaSury and was quickly exhaust
ed. Requests for an additional supply
OF blanks were forwarded to Washing
ton. For obvious reasons definite 3n-
formation regarding the extent Of sub
Scriptions is not obtainable. Almost
without exception. however, Wall street
men believe that inability on the part Of
the public TO secure gold to pay for any
considerable portion of the 500 000. 600
issue of bonds VIII compel the treasury
10 avail itself Of the syndicate'S assist
a-nce. 1t is also generally held that this
assistance viii be promptly forthcoming
II required. Some significance is at
tdched TO this connection, TO the eX-
pressed beliefs at Washington that ex-
ports Of gold in the interval before the
closing OF the government loan will not
exceed ABOUT one-stxth of the free gold
now held by the treasury. Gold as a
commodity is still dealt In at a premium
OF about II of l per cent.
Shares showed material gains in many
instances, particularly in Sugar, To-
bacco, the Vanderbilts. Coalers, General
Electric, Rubber and Lead. The
movement was somewhat irregular.
Manhattan and Leather preferred were
sharply depressed. Manhattan at first
improved l per cent, to g9la per cent,
but sold off TO 96&s per cent, with a su-
SeQuent rally to 81 per cent. Leather
preferred dropped per cent, TO 56Ia per
cent, but rallied with the general list
late in the day. 1t closed, however, at
q net loss of 8 per cent. Metropolitan
Traction, on purchases of only 1000
shares, rose SIS per cent, to 997s per
cent. The advance was attributed 10
re-purchaSes by investors. The closing
was dull and irregular, but at general
net gains, which, In some INSTANCES.
were material.
The bond market displayed Irregular
ity during the greater part of the DAY
on a decreased volume OF business. In
the late trading, however, prices gener-
ally moved upward under the leadership
of the Northern Pacific issues, the
thirds rising per cent. to So per cent.
Dealings were mauguraJed in the rtuSt
receipts for Union Pacific skies of 1898
and 1899 at s5A g9s12 per cent respect
lively.
Dealings IN governments aggregated
only $4,000. The market was feature
less aside from the new tours. which ad-
Vanced IA per cent on the first call,
but subsequently receded to yesterdays
closing.
BULLION SHIPMENTS.
New York, ain. 9.-London authori-
ties on the movement OF bullion esti-
mate that shipments of bullion TO Asia
in 1885 amounted to about 5000, 900
pounds, a falling of as compared with
recent years. On the other hand, ex-
ports to the continent OF Europe IN
creased $500. 900 pounds over the pTevi-
Gus year. Mexican dollars have been
in good demand at the east and the
price has closely followed that of bar
silver, with a premium of about IA
per cent IN favor of the coin. The i'm
ports OF gold at London were very large,
to about SO, 000. 900 pounds.
including 11,450.000 pounds from the
United States Ito which, however, 325,-
600 pounds was shipped)' $500, 900 from
South Africa and $3.50, 900 from Austrs-
liza, while India and China shipped $500
pounds to London
FOREIGN BANK STATEMENTS.
London, Jan. e.-The weekly state
ment of the Bank of England. issued to
day, shows the following changes as
compared with the previous account:
Total reserve. increase 1,060, 900 pounds;
decrease 49, 900: bullion, IL
crease ST. 54; other securities, decrea sc
Z ,023 900; other deposits, decrease 3,752,-
600; public deposits, decrease 200. 90; /
notes reserve. increase 81, 900; govern
rnent securities, decrease 254 900. The
proportion Of the Bank Of Englend's |
reserve TO liability, which was 800 per
cent last week, is now 90 ~ PER cent
Paris, jan 9.-The weekly statement
Of the Bank OF France, issued today, |
shows the following changes as com |
pared with thu previous account: Notes |
m circulation decrease 23.S25 francs; !
treasury accounts, current decrease |
IS. 05, 600; gold in hand, decrease Is .S25.-
600; bills discounted, decrease 81 400; |
silver n hand. decrease !, 10000
GRAIS MA'.KET