The Wichita daily eagle., 1896-01-05

aud Week Weekly Bank Statement.
New York, Jan. AFTER an irregular
opening, Ehe stock market today work
! ed sharply downward, material losses
/ being general The manipulation in
| Tobacco was patent 10 everyone. as the
/ price dropped 5& per cent, 10 ~ per
| cent, as against an advance OF shat ex-
tent yesterday. The dealings in this
stock were quite heavy. The d.scour-
| aging condition OF the anthracite coal
trade rendered the stock OF the leading
/ producing and carrying companies vul-
nerable TO acoack and die group slump
ed around, New Jersey Central leading
with a drop of 35s per cent Further
more, the unsettled feeling abroad Ow-
1 ing 20 a possible crisis growing out OF
| the trouble in the TAansvaal, and Sug-
gestionS OF continued delay in the an
! nouncemenst. and probable change IN the
method OF disposing Of the issue OF gov
/ ernment bonds all had influence in de-
Z pressing prices. The final sales re
corded losses in the Changers, Louis
vile and Nashville, and others usually
active stocks equal 70 l and per cent.
The volume Of business was above the
recent average.
The share speculation OF the week was
irregular, with downward trend as 70
prices. The aggregate volume of sales
was only about equal TO the dealings OF
a single day in the late panic. At The
outset, on general anticipation OF
speedy announcement of the treasury
relief measures, there was a sharp up
ward movement in which the Changers
Were conspicuous. AS time progress
ed and nothing definite transpired on
the subject of the bond issue. a less con-
fident tone found reflection in sales or
stocks for both accounts, resulting IN
the loss of the greater part of the pre-
vious advance. The depression was in
creased by steady selling for London &C
Transyaal incident might be followed by
a political crises in Europe. Other
downward and diStracting influences
were active in the call nancy market. a
maximum figure of % per cent being re-
corded and the strength in foreign ex-
change rates leading to the shipment or
81, 600, 900 in gold coincidently with the
reports of large importing orders for
the precious metal and local sales OF
initial premium ranging between Aql12
per cent. The anthracite coalerS We're
sold on the unreasonable weather, the
Z unsatisfactory conditions affecting the
trade, the anticipation Of the early pub
lcation OF poor annual reports and the
alleged probability of legal measures to
pany from declaring the nearly due div
idend for the quarter. The excitement
and confusion growing out Of the con-
troverSy between the United States and
Great Britain IN relation to the Nene-
zuelan boundary line, has, in common
with other important considerations, de-
layed the practical operation OF the
Reading reorganization scheme and the
stock was sold today at 27s per cent, the
yowest figure ever recorded Tobacco
was ably manipulated by the inside pool
on various Tumors and its course was
sharply erTatic. Leather was also con-
Spicuous in the dealings, being effected
by conflicting Tumors respecting the
impending dividend. On the closing
day of the week is was reported, with
some show of authority. that the most
powerful antagonist of the United
States Leather company had advanced
prices of union tanned sole leather. As
a result of the wees trading majority
of the shares were lower, particularly
Minneapolis and st. Louis preferred 21a
per cent: Consolidated Gas, 37s per cent:
Leather preferred, rs per cent; North
west preferred. per cent. and Western
Union. 24 per cent. The more import
ant advances were in Tobacco preferred
Z per cent; Tobacco, common, per cent;
Baltimore and Ohio, per cent, and Hi
nois Central. per cent The aggregate
sales were TAI .692 shares.
The market for railways and mfScell-
aneous mortgages today was slightly
more active, considering the limited ses-
sion. Weakness predomiDated- Red
ing issues were freely sold, informally in
connection with the reorganization pro-
gram The total sales were sS39.000.
WEEKLY BANK STATEMENT.
New York, Jan 4-The New York
Financier says: The statement of the
clearing house banks for the week end
ing January 4, contains some rather sur
prising features. The heavy liquidation
In loans due 10 the furry OF two weeks
ago was shown in the preceding state
ment, but the contraction has been con-
tinued If the report for the past week,
lust ended. reflects accurately the sit
IIation. The decrease for the five days
ending January 4. reached the unusual
figure OF 81, 500. making total
shrinkage in loans for the past two
weeks Of s24. .o65. 900 The total loans
have also fallen S35. 900. 900. since the
first OF December, and have Shrunk
s57 0O0. .0G0 within the past four months
Part of the contraction for the current
week has been due, perhaps. 20 the jan I
Iiary dividend period. which occasions
a great deal Of shifting OF funds, but !
the total Is surprising. The deposit ]
irern naturally show heavy failing of, !
the loss being nearly $40. .000. 600 for the I
week. The item OF cash holdings. how !
ever does not sem to have adjusted [
itself to existing conditions. II IL known /
that the receipts from the interior for Z
the week exceeded the outward move /
Enert by at least 5000. 900 The treas /
ury disbursements were also heavy, and I
the logical CONCLUSION would point TO a |
large increase IN cash by the banks /
The total for the week was only s2.009.- I
000 mainly specie, which Is being gath !
cred IN anticipation OF the coming bond /
issue
The statement as 2 whole Is duficu,t 1
10 tnte-preta ton, and s meaningless n I
so1e Of 9ts more important items. one 4
fact. however. Is plain The New York i
banks have less money IN their vauEs 1
roday. taking the Stao-ment for the ct1-- 1
rent week as authority. than Ihey have 1
reported since last April. after hey bad .
paid heavy sums in Subscriptions 20 the 4
bond loan % February.
Berlin Jan 4-The weekly statement 4
Of r<le Imperial bank of Germany shows /
the following changes as corn pared with !
The previous account: Cash In hands. .
decrease 35.0s0.0o9 marks; treasury i
-sooeS. decrease 2.570. 90: other s-c1-tc- 4
- snc7eass 1919. 90: loteS Il ct-ca1z- 4
TON. increase. Iss. go. .0oc.
Government bonds were Irregular Sor 1
IRE weak The final call records -
czz1on q per cent 81 fhs neTr foO-s. 4
IS cocnpa-ed zf.h tks closing o< a week 4
ago. TIE nst changes n the othe- - 4
cues were Intnpo--zEt sss6e from PACT I
a. sfxez rs ses. -z1sch are Up Pc cert 4
T-he toczI safes were The s-nallezy- Ter.s- 4
tered FOR q sooE tine. only S5.1'oo.
silver certificates were aezfec-=c,
r-arsac-sous aggre1atiag oaiy f2.e91-