The Wichita daily eagle., 1896-11-28


Americans Lower rThere-lmprovement
Noticeable Toward the Closing, Which
is Firm - Bradstreet's Review OF the
Stock Market for the Week.
New York, NOV 27.-The stock marker
today was of holiday proportions, but
the days dealings were fairly well Gis-
tributed There was barely trace Of
outside interest, and, as usual re. entity.
aside from the spscialties the net
changes were mainly trivial. The market
was irregular, but heavy in tone on the
unfavorable exhibits OF earnings, espe-
ciaily by the granger lines AMI liquida-
ton in the specialties. Prices sagged
sharply diiring the early dealings under
renewed aggressive tactics by the bears
The absence of commission house orders
and the apathy Of the interests usually
identified with the bull side gave the
traders clear field. 1t was generally
believed that the sort obligations out
standing had been increased to a COM
paratively large extent, considering the
light volume OF business. London quo
tations for American securities came
lower and the foreigners also appeared
to favor sales in this market to moder-
ate extent. The movement in the rail-
way list was almost generally narrow,
and after a decline in the principal
shares of a half to per cent. support or
ders were executed and caused a rally.
ing movement. The high-priced indus
trials were conspicuous for exceptionally
wide fluctuations, which were consider
ed TO be largely due to manipulation.
Consolidated Gas was sold off per cent
to 1S1 IA per cent, on disappointment
over the simple declaration OF the regu-
lar quarterly divided, instead of the
realization of the recent strongly flavor
ed bull gossip of consolidation, 10 per
cent extra scrip divided, etc. Laclede
Gas stocks became prominent the COM
mon declining 3-4 per cent and the pre-
ferred 1-2 per cent. Long Island drop
ped 1-2 per cent, to 541-2 per cent, the
only explanation furnished being that
there was temporarily mo market" for
the shares. Dealings were noted in the
Standard Rope and Twine company.
the successor 20 the United States Cord
age company. The common ranged be-
tween u 1-2 and - 3-4 per cent. and
first mortgage skies, after the initial
transaction at so per cent. reacted 10
1S IL per cent, but closed at the highest
figure. An increase of 273 1s8 in the Oc-
to5er gross earnings of the St. Paul and
Omaha induced a revival of activity in
the stocks and carried the common UP
21-2 per cent, while the preferred rose
TO 106 per cent and retained the extreme
gain. Leather preferred suffered from
liquidation. but rallied sharply from the
low level and closed at only a slight
loss. Toward the close an improved
tore ppna.alfU nd
market left off steady
The total sales Of stocks .oday were
23014S shares. including: American Su-
gar 4,soo; Burlington 1880; Chicago Gas
800: Louisville and Nashville , 900:
Manhattan Consolidated $500; Omaha A.
500; Reading 29,S00; Rock Island 800:
st. Paul 10.700: silver certificates 5000.
The bond market was dull an I irregu-
lar. but the changes were narrow. except
in few of the usually inactive issues.
The sales were 81 .266O00
Government bonds were strong and
fractionally higher on purchases Of
s116,OO0.
Silver certificates were neglected but
steady on sales of So. 600.
BRADSTREET'S STOCK REVIEW.
New York, Nov. 27.-BraGstreet's re-
view Of the stock market tomorrow Will
say: 'Irregularity. with narrow fucUu-
ationS, has been the most marked fea--
ure OF the weeks stock marke; transac-
tons. Speculation mas been altogether
professional, but weakly-hald long
stocks have been dislodged. and inab:l-
ity to produce further liquidation. with
increase Of the short interest, have made
the bear leaders cautious. The room
traders have several times covered their
snort stocks and given temporary tcpe
or strength TO the proceedings. The
features OF the market were supplied by
the specialties. but the larger operators.
acting on the bear side. have made
drives al a number Of leading stocks,
though their success IN depressing them
was small. The general impression Of
the street is that material rallies are not
probable, and that Until congress meets
and some definite idea car be formed az
to its course In connection With The
Cuban situa ton, as well az y. regard u
currency and tariff legislation, no very
pronounced movement in the market is
likely There is belief that the reac-
ton in the middle of the moEtl is due to
the fact that the market was only pre-
mature in discounting the favorable eff
fects of the election and that g renew
ed Improvement in stock values is 20 be
looked Cor after the opening of the new
year. The ease of the money market las
increased stadily and facilitates the car
rying of stocks. Last Saturdays bank
statement indicated a phenomenal out
pouring OF boarded funds. while the
treasury gold reserves are, without any
effort being made to increase them, ap-
preaching the $3.50 600. 600 mark
FOREIGN STOCK MARKETS.
New York. Nov. 27.-Eveniag Posts
London financial cablegram:
The stock markets were lifeless and
dull today. except for consols. which rose
to Ill S-4 or the belief that the contango
at the monthly settlement to commence
will not be above s 1-2 per cent.
Other silt-edged stocks were firm. in sym
pathy. American mines were neglected. /
The weekly return OF the Bank OF Eng
land is a strong one. The coin and bull
ion increased $4,000 pounds. although
only 221.0o0 pounds OF gold were import
e for the week, that coming from Port
cgal The reserve has increa sed 50O.- !
fej pounds The Paris bou-se was dull
and nervous. pending the monthly set-
ilement next eek, and this notwi.h- |
the fairly general Improvement |
in values during the month. The Berlin |
market was steady.
London. Nov 29.-Gold IS quoted at |
Buenos Ayres today at 1854: Lisbon. |
) is; at Rome. 1850. Amount 0f bull !
on gone into the Bank u England or |
balance today. Ii. con poInis.
Paris. Nov. 27.-ThTee per cen. rsates \
I02 francs 20 centimes for the account; |
exchange on London = francs % L. CEN
times for checks.
Fer!i1. Nov. 21-Exchalge on London /
eight days sight % marks s. II pfennigs. |
Berlin. Nov. 27--The Budget commit /
Zee Of the lower house OF the P-ussian 4
iiet today adopted the bill providing for /
he conversion Of the 1 per cent coasols
nto : 1-2 stock