The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-11-25
SMALL GAINS MADE
STOCK DEALINGS PROFESSIONAL
AND LIMITED IN VOLUME
-ohdon's Preparations for the Settlement
Have Good Eject Upon Prices on This
Side, There Being a Reactionary Move
ment In the Late Dealings-Bexrs Pay
Attention to the H;sh-Priced Stocks,
aud Sugar is Forced Down-Concessions
Made in the Railway Group-Bond Mar

New York, Nov. 24-Dealinge in
stocks were almost entirely professional
| today and were limited in volume Gov
! ering of shorts in London incidental 70
the first making-Cp day for the fort
nightly settlement was responsible for
I higher quotations for American securi-
ties at that center, although the cas-?
trend OF the money market there en-
couraged moderate buying for long ac-
count. These developments inspired q
local covering demand in the forenoon
| trading, but the subsequent putting out
| Of new short lines removed the chief el-
ement of support and. together with re-
alizations and some liquidation. caused
late redctionary movement in prices.
In the last two hours OF business, trad
ers, following London, succeeded in ad-
vancing many Of the leading shares inn
portant fractions. II the inactive list
the gains were general. Great Northern
preferred rose per cent, to 122 per cent.
The persistent gossip regarding the al
legged impending consolidation of the To-
cal gas interests was reflected in a rise
of per cent in Consolidated Gas. Leath-
er preferred improved SIS per cent in sym
pathy with the general list, but around
midday disclosed weakness which became
quite pronounced. on disappointment as
to the amount of dividend declared name
". per cent. The announcement was
followed by a slump Of 3-S per cent,
TO 81 LIZ per cent. The drive at this
stock uncovered number of stop If
derS and checked the advancing tend
ency in the other markets. The bears
paid special attention to the high-priced
stocks. Sugar was forced down l ga per
cent. The concessions in the railway
shares were mainly fractional, but Of
most Importance in the Changers and
Southwesterns. The closing was weak
with most shares recording small gains.
The total sales of stocks today were
15S,219 shares. including: American SUI
gar, $4,000; Burlington and Quincy, 49,
400; Chicago Gas, 10000; Louisville and
Nashville. 1900: Manhattan consol, 81
500; Reading, 15,100; st. Paul, 5000.
The bond market was only moderate
~ active, but decided strength was dis
played in some of the inactive issues.
Governments were strong and fraction
ally higher. A block of 100000 new
fours coupons changed hands at 119 rs
per cent. Sales were 1926 500.
FOREIGN STOCK MARKETS.
New York, Nov. 24-The New York
Posts financial cablegram from Lon
uOH says. ne SlOCh were gen
orally better today, mainly because the
settlement, which commenced today.
showed greatly reduced account. with
a slight bear position. The latter ac-
counts for the rise in mines. CONTAIN
goes on America were per cent. There
is only small bull account. The tone for
Americans was good but the close was
under the best for lack of support OF
the New York market The chief fea-
ture in the market is the growing case
in money, which, considering the period
of the year, is suggestive. This is part
~ due to the further rise in American
exchange. The question Of gold ship
ments from New York is theoretically
discussed. Orders in England for goods
are undoubtedly very large. The Paris
bourse was firm and the Berlin market
was steady. 100000 pounds in gold is
coming from Argentine TO Germany on |
an exchange operation"
LOANS AND EXCHANGE.
New York, Nov 24--Noon: Money on |
call easy at 1-2M3 per cent; prime mer- |
camille. paper 4G15 per cent; sterling ex-
change easier with actual business in |
bankers bills at s4.s5 1-4G4.S6 IL for de- |
nand and A.S2 3-414.S3 for 60 days; sill |
YER certificates 65 1895 IL, no sales;
bar silver 65 II; Mexican dollars so SIS; |
government bonds firm: new tours reg |
stored and coupon 119 ga; fives register |
ID and coupon 113: fours registered and |
coupon 10; twos registered 95; Pa |
,ific skies of '97, 102. The change of |
front on the part of the foreign traders /
tended to stimulate purchases for the
ong account and better tone was evil
lent at IL o'clock than for some time
)ast.
BANK CLEARINGS.
MISUNDERSTANDING SIS 400. AS; bal
,nces 81, $50, 4SS.
misunderstanding s2,5o6. 999; bal
lnces sS37,656.
Chicago-Clearings s13,9s9,771. Money
steady at 6G7 per cent. New York ex-
hange 20 cents premium; foreign ex-
hange demand s4.S6 -; 60 days s4.S3.
st. Louis-Clearings s4432, $50; bal
,nces s523.1s7 Money 6GS per cent.
lew York exchange so cents premium
,id; so cents premium asked.
GOLD RESERVE.
Washington, Nov. 24.-Today's state
nent OF the condition OF the treasury
shows: Available cash balance sos, 372,-
80; gold reserve S12S.l4S. 437.