The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-01-14
LONDON CONES UP
AMERICAN SECURITIES IN BETTER
DEMAND THERE

Following the More Pacific Sentiment Re-
Esrding the Venezuelan Matter-Re-
garded Also as a PropitIous Omen for
the Success of the New J-oan-Day 5
Business Moderate in Amount But
Cheerful in Spirit-InternationaIs Ccu-
spicuous in the Early Advance-Manhat-
tan and Leather YieId-CIose at the Top
New York, Jan. 13.-As has been fire.
quently the case, today's stock marke:
received and took the greater part Of its
tone from the London cabled advices.
The decidedly more pacific sentiment in
London on the Venezuelan boundary
question was followed by an advance in
the prices Of American stocks in that
market and arbitrage houses were fairly
larger buyers here for foreign. This
change of front would, IL was believed.
induce subscriptions for our new gov
eminent loan, rendering its success be-
yond peradventure. As a matter OF
fact, it is now regarded as certain that
the bonds will find ready market and
at prices satisfac tory to the govern
ment- While the volume of business re
corded was only moderate, the market
exhibited a strong tone throughout.
Easy rates for call money and the non
engagement of gold for export helped
the cheerful sentiment.
The opening was fairly active with
substantial improvements general, in
which the international stocks were con-
spicuous. A temporary set back was
encountered early, owing 10 pressure
brought against few stocks on special
considerations. Manhattan was at
tackled on the heavy increase in the
company'S tax rate. A decline OF 2is
per cent enSued, all but a small fraction
of which was recovered later. Leather
preferred was depressed on the old ar
eumentS Of the alleged urgent financial
needs of the company and of the proba-
bic passage OF the dividend at tomor-
row meeting CT the directors. The gen
eral market receded fractionally. The
market became dull at the reaction. In
the last hour the purchasing movement
was resumed with considerable vigor
and the railway stocks attained the
best figures Of the day. Lake Shore was
actively dealt in and gained 4 per cent.
Other advances Of importance were in
Rubber 23s per cent; Louisville and
Nashville 215 per cent; Baltimore and
Ohio 8 per cent; Metropolitan Traction
22s per cent; Burlington 2 per cent; St.
Paul ~ per cent; Tennessee Coal rs
per cent, and Rock Island IL per cent.
The final trading was Slightly more ami
mated and the market closed strong at
the top figures.
Higher prices generally were estab-
lished in bonds. The dealings aggre-
gated s., 367, 900 The more important
advances are International and G.. n.
seconds 2 per cent; Kansas and Texas
fives and Mobile and Ohio tours IL per
cent; Rio Grande Western frsts Is
per cent, and Consumers Gas f1rsts Of
Chicago, Fort Worth and d. c. firsts,
trust receipts. Northern Pacific seconds,
Southern fives, Wabash debertures.
series B, and Oregon Short Line skies
per cent and Oregon Short Line trust
receipts 2Ss per cent.
In government bonds an Improvement
was noted IN the fours coupon and fives
registered on purchases of $35, 900.
Philadelphia, jan 13.-Clearings S.,
514 SOP; balances s1,57S.673.
St. Louis, Jan 13.-Clearings s., $3.50, 324
balances s42,657. Money 54S per cent
New York exchange 75c premium bid.
Memphis, Jan. 13.-Clearfngs $500, 63S
balances $113.5S0 New York exchange
$50 discount
New Orleans. Jan. 13.-Clearings ST.
290, 704. New York exchange IS cents
per $1,000 premium. Commercial pa
per $3.50 per $1,000 premium