The Wichita daily eagle., 1896-11-14

Points of the Day-Eond. FeatureIess-
Americans Steady In London.
!, New York, Nov. 13.-The stock marke
;, was weak and feverish today on an in
h creased volume of business, which wa.
| even better distributed than usual re-
\ Gently, the industrials figuring for abou
one-third Of the dealings and developing
considerable animation. Sugar led tat
: entire market in point Of activity and
: scored the extreme decline, per cent
. The depression in this stock was attri-
3 bated TO insiders who until recently mad
been conspicuous in bulling the general
market and vas attended by suggestions
that the company probably would be the
special target in the next session Of con-
gres5. The course of the general market
was dominated by the powerful sold-out
fuI interests, which, nettled by their re-
cent Indifferent success in effecting a
really important reaction, today return
ed TO the onslaught with redoublAd en-
ergy and succeeded fairly vel, in shaking
out weakly held stocks. The slum was
engineered on a re-vamped Cuban war
| scare, based upon q probably purposely
/ mleintrepretad report Of the inquiry by
the government authorities regarding
| normal expenditures for transferring
troops and supplies. Late in the day de-
! nials Of warlike significance to the
movement came from official sources.
A feature OF the speculation was the
prominence Of hitherto neglected stocks
The market opened strong and higher
and during the greater part of the first
| hour prices moved upward, partly under
4 n .t,a .,r t..
| bull side and partly upon interest rated
| on the part OF London. Manipulation in
| the specialties also strengthened the mar
ket. The Corddge shares were actively
traded in. The preferred rose 17s per
cent and guaranteed 3A per cent. The
last mentioned fuctuate widely but left
off with net gain of IL per cent
American Spirits preferred also rose
per cent and important gains
were scored in other properties. Shortly
before IL O'Clock, however, the specula-
tive movement changed completely on
the influences above referred to. Spirits
Preferred dropped AZ per cent, TIE ex-
trerne decline on the unusually inactive
shares: Sugar per cent and other lead
ing shares 1Q2 per cent. The selling /
movement halted about midday and the |!
market became very dull. although some !
recoverieS were made. In the last hour |
aggressive tactics We're resumed and |
prices fell to near the lowest points Fin |
al prics showed sharp fractional net |
losses il the speculative leaders.
The total sales Of stocks today We're |
$4,000 shares, including: American To-
bacco 4,S0o; Atchison $500: American SUI
gar 63,1O0; Burlington 1900; Chicago
Gas $500; Chicago, Hooking Valley and
Toledo $500; General Electric 400, Louis
n a oho+ A |
Northern Pacific $1,000: Northern Paci-
fic preferred 10000; Ontario and Western
3, 100: Reading 1880; Rock Island IL 100: |
ST. Paul 22,300: Tennessee Coal ard Iron
!, 400; Texas and Pacific 31O0; Union Pa
cific 1900; Western Union 5,1o0; Wheel
irg and Lake Erie $500: Southern Rail-
way preferred $500; Cordage 13,100; Cor
dage preferred 300; Cordage guaranteed
200; silver certificates 10000.
The bond market lacked feature aside
from some wide movements in the mac
tive issues, which continue to exhibit | I
strength. The general market disp.ayed |
IN easier tendency toward the close on
rec sales of the speculative issues. The | I
sales Were s2,ec4, 900.
Governments We're neglected, but gen.
eraily firm on sales of $4,000
Silver certificates stiffeIed slightly on |
sales Of $4,000. .
FOREIGN STOCK MARKETS.
New York, Nov. 13.-Evening Posts
london cablegram says:
Inc stock markets were again idle
md dull today, and for the same rea
ons as yesterday. Americans closed
ear the lowest, but with a steady un-
ertone. Considering the dearness of =
money, some people are surprised that
americans have not reacted more than
Tha ris- 4
cts We're steady" $
London. Nov. 13.-Consols for money ;
10 3-l6; for the account 10 3-S; Cana )
ian Pacific go IA: Erie u Is: Erie firsts c
referred 3S IA; Illinois Central 991-4;
lexican ordinary y IA; ST. Paul com n
ION so 3-S; New York Central 90 Ia: :
ennsylvania 81 GA; Reading 153-4;
lexican Central new fours 20; bar silver
l3-l6d. Money 31-2 per cent. The II
ate OF discount in the open market for
Tree months bills 3-4 per cent. Gold
quoted at Buenos Ayres at 1s425; g
Isdrid 1925; Lisbon "a; Rome 106 a l-2.
mount of bullion withdrawn from the u
ank OF England on balances today 90
% pounds. Ct
Berlin, Nov. 13.-Exchange on Lon
IN eight days sight 20 marks 36I-2t
,ennigs. OF
Paris, Nov. S.-Three per cent rentes m
2 francs, 90 centimes for the account: M
on London % fracs, % 1-2 al
Ttimes for checks. We
LOANS AND EXCHANGE. Ia
New York, Nov. 13.-Money on call -
sy at SG4 per cent; last loan 31-2 per =
nt. closed 593 L. per cent. Prime mer- ~
ntlle paper sac per cent: sterling ex- =,
ange weak with actual business in -
mixers bills at s4.S5 1-iG4S5 1-2 for de- -.
and and s4.N S-i14s2 for Sixty days. "a,
'sted rates Si.s2 1-2a4si and sss6G =:
Z. Commercial bills 4.S7 Bar silver pa
S-i. Silver certificates 81 3-4G65. e.
BANK CLEARINGS. IA
New Yo-k-Clearings sl24,274, isI; bal ur
ces se,170.614 IL,
ST., AZ; balances he
io4. .424 tn
ladelphia-Clearings sa.5ss.s5s; bal so
ces N,HS.5e5. tn
saltimore-Ciearings sc.S55.mi; bal ma
ces s3s3, ,54l
X Louis-Clearings s4.sSs.s1s: bal i,
ces S5Se,7So. Money sGS per cent; 81 :,
" York exchange 80 cents premium hel
/: Sl.00 premium asked. wh
STOCK REVIEW. Gle
,ew York. Nov. l3.-Bradstreet's re, 80
y OF the New York stock market to- Z
rTow viii say: iu--
Public interest and buying power Fa;
e continued TO increase during the
*. and were reflected in the general i'o-
-ance Of stock market values and the l.
idei broadening in speculative &c ste.
ty- on the other hand. a large sec
|, OF the professional element IN ysu stes
'et have opposed the advance. and en-
er worked for reaction or INDUCED 70
,hcrt sales One OF the features Of Z
week was the renewed activity and stes