The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-12-31

Foreign Finances
| New York, Dec. 30.-The stock market
ruled irregular but mainly lower today.
| Fluctuations Were narrow and the deal
| ings were confined TO the usual leaders.
Lower London prices and realizing by local
| traders were ths cniy apparent influences
/ bearing upon the speculation. The con-
| traction of business was ascribed to the APP
preaching holiday, the frequency CT re-
| ports Of bank failures in the west and the
| nearby reassembling Of congress. Della
| ware and Hudson exhibited further weak
hess and lost an liquidation due TO the theo-
ries of a probable reduction in the dividend
| for 1897. Supporting orders checked the
| general reactionary movement, but the i'm
| provements were of brief duration The
| changes in some OF the usually inactive
spec;alties We're particularly wide, includ-
| ing Oregon Navigation preferred, which fell
3 per cent. The market lapsed nito ex-
treme dullness after midday and the deal
| fngs lacked special significance until near
the close, when a brisk purchasing move
ment in Sugar developed, advancing the
price 2 per cent. The traders were the
principal purchasers. but the buying was
called good and was attributed to alleged
expectations Of favorable news for the
property from Washington. London was
a moderate seller of the prominent inter
stocks. st. Paul lost sharp fraction in
the forenoon but later made a slight re-
covery in spite of foreign selling and the
publishing of the November statement
showing decrease in net earnings of S39S,-
los. The declaration of a dividend of 3
per cent on Tobacco common stock tnfiu-
enced covering in the shares and sharp ad-
vances from the low points on increased
dealings. No action was taken by the dl-
rectors regarding the scrip. The preceding
dividend on the common was = per cent
cash and % per cent in scrip. The mar
ket closed steady at slight net losses gen
orally.
The total sales of stocks today was 12i.-
215 shares, including: American Tobacco,
11,100; American Sugar. 37.4Co; Burlington,
12.l0o; Reading, $500; ST. Paul, $500.
The bond market displayed increased ac-
t:vity and strength with some notable I'M
provements in gilt-edge issues on invest
ment orders. Long Island As were con-
spicuous for decline to 50 per cent as COM
sale, On the 18th inst. The aggregate
sales were s1,7i2,G00. The advances includ-
ed: Omaha and st. Louis IS trust receipts,
~ per cent; Chicago. Burlington and North
ern SIS, 512 per cent; Northern Pacific col
lateral trust 6s, 5 per cent; Burlington, To-
wa division, As, rs per cent; st. Paul rs
and STANDARD Rope SIS, IL per cent. De-
clines: Fort Worth and Denver City firsts.
Orleans gold 5's, ~ per cent. and St Paul,
Minneapolis and Manitoba firsts, per cent.
Governments were dull but a shade high
er, On transactions of $4,000.
FOREIGN STOCK MARKETS.
New York, Dec. S0-The Evening Posts
London financial cablegram says:
The improvement in the stock market
continued today, most markets closing at
the best. Americans, however. closed be-
low the highest point on selling here The
recovery in mines was very marked. Home
rails We're especially strong on good earn
ings. The settlement was satisfactorily
concluded. Japan bought a quarter mill
ion sterling in gold here this week. This
is not generally known, the continent be-
ing the supposed destination of the gold.
Bills to arrive in January are quoted at
Ga, while a million sterling in treasury
bills were allotted today in threemonths
ILLS at an average of 22t per cent discount
Nevertheless, extreme ease of money early
in January IS not expected to last so very
long unless New York sends gold. The
Paris and Berlin bourses were steady"
London, Eng, Dec. So p. m.-Closing:
Consols fer money. 1117s: for the account.
1l112; Canadian Pacific. SIS; Erie, l5Ss; Erie
1irsts preferred. So Illinois Central. 94s.:
Mexican Ordinary, Uh;s 5. Paul common,
1913 New York Central, S2; Pennsylvania,
53Is; Reading, 1885; Mexican Central As,
50i5; Atchison, 49,; bar silver. Esd per
ounce Money 21&@4 per cent. Rate of
discount in the open market for short bills
and three-months bills, S5s per cent.
Amount of bullion gone into the Bank of
England on balance today $4,000 pounds.
American eagles are quoted at 7Gs I'd. Gold
is quoted at Buenos Ayres today at 1S4; at
Lisbon 59l4; at Rore, 10i.75.
Paris, France, Dec. 30.-fhree per cent
rentes 102f Acc for the account. Exchange
on London. 25f 221zc for checks.
Berlin, Germany, Dec. 30.-Exchange on
London, days sight. 20 marks 1872 qfennigs.
LOANS AND EXCHANGE.
New York, Dec. 30-Money on call easy
at 1laG2 per cent; last loan per cent.
closed 1i502 per cent Prime mercantile
paper 3IsGila per cent Sterling exchange
steady. with actual business in bankers
bills at s4.s6AGi5 for demand and AS3d24
for sixty days. Posted rates Si.sSdi.S5 and
SSdl9. Commercial bills s4.S3t4 Gia. Bar
silver 60. Silver certificates 65Gi2.
BANK CLEARINGS.
New York, Dec. Chickering's, 500, 09S IT,;
balances, s6.45s, 451.
Boston, Mass. Dec. Chickering's, s15.-
201977; balances. s2,1S9365
Philadelphia Pa. Dec. Chickering's, So
81. 3OS: balances. 81, 90, 462.
Baltimore. Md, Dec Chickering's, s.
O62. $50: balances, $249,63S
ST. Louis. No. Dec. 30.-Clearings SITS
U9; balances. S527Sl3. Money 5d7 per cent.
New York exchange par bid; &c premium