The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-01-24

kot's Chief Features-Occasion of it All
Is the Reported Russo-Turkish CoaIi-
tion, Which is Aided by Approximations
Based on the State OF the Queens
Heaith-EIchznSe Bardens-Uneasiness
rs to the Money Market.
New York, Jan. 23.-The speculation
IN stocks today was dominated by re-
ported change in the political situation
abroad II was alleged in early cables
that a ombination has been formed
between Russia and the Porte. and this
condition of affairs was reflected in a
slump in prices. including Americans
on the London stock exchange, and by
persistent and fairly large selling in
this market for foreign accounts. This
new phase in the situation, followed
by a hardening tendency in the ster-
ling exchange market, encourage bear
predictions OF probably heavy ship
ments of gold on Saturday. The i'm
preston had gained ground previously
that very little if any of the metal
would go forward In the foreign
selling referred to, all OF the internal
tional shares were included, with St
Paul and Louisville most conspicuous.
The local market opened irregular, but
soon developed general weakness. Gen
eral Electric led the declining move
ment followed in close order by Read
ing, Louisville ard Nashville, and the
grngers. The appearance Of moderate
purchasing orders in Sugar and Man
haitian advanced these shares is per
cent and ? per cent respectively, and
impaired a steadier tone 10 the general
list. The meeting of the anthracite
coal presidents, which was in progress
all day, was regarded as having an
important bearing on the general sit
uation, although there was no expecta-
ton Of any tangible immediate results
Operators were supposed 20 restrict
their ventures temporarily. The money
markets were unchanged as 10 quota
tons, but uncertainty as 10 the pros
pect of continued ease still counts as an
important influence in limiting the
scope of the dealings. In the late ses-
sionS, which was in turn brought TO
bear upon the railroads. Tobacco dis
played exceptional weakness, yielding
"a per cent, 10 75la per cent, on renew
ed attacks by the professional traders
and liquidation.by insiders. Sugar lost
the early gain and Manhattan and New
Jersey Central, Southern preferred,
Leather preferred, Burlington and Rock
Island dropped l per cent each. At
the finish some support was extended
10 a few stocks, causing an irregular
closing.
The total sales of stocks today were
1928 shares, including: American
sugar $1,000; American Tobacco 26,SOO;
Burlington $500; General Electric $500;
n
200; St. Paul 1900; Western Union
$500
Bonds were well held on moderate
dealings. Reading issues were in re-
quest and rose 12Q115 per cent on buy
ing apparently based on expectations
that the company would come well out
Of the coal tonnage controversy. The
general sales aggregated s1.333, 900.
The changes on the bid quotations
for governments were slight. The old
coupon fours advanced II. per cent on
dealings. The aggregate transactions
were $4,000.
THE QUEENS HEALTH.
New York. Jan. 23.-The Evening Post
London cablegram says: The Russo
Turkish alliance is universally discred-
tied in the best informed quarters here
AT the same time there is a disposition
here to regard an amicable arrange
ment between Russia and Turkey as a
natural solution of the eastern ques-
ton.
Queen Victoria g indisposition was the
main cause Of the relapse of the stock
markets today. The markets opened
good, but relapsed on the report OF the
queens ind!sposition. and the uncon-
firmed reports of the Russo-Turkey
treaty. Consols, after touching the
record price, 10a. fell 20 1878. The 9th
er markets shared in the depression,
but the close was above the worst.
Americans opened strong. but closed
in many cases a dollar under the best.
There are rumors that two million
sterling in gold may go from here 10
New York soon. in connection with the
new loan, but at present cannot con
firm il.
In the Increase Of 1.644. 900 pounds in
the Bank of England's coin and bullion
this week. S92. 900 pounds was gold i'm
ported, and the rest came from home
circulation. The details OF the gold
movement Of the week were: 1850
pounds bars bought, $4,000 imported
from Holland, 5000 from Paris and 5000
from Australia.
FOREIGN STOCKS AND MONEY.
London, Jan. 23I-Closing: Consols
for money on account 1918; Canadian
Pacific ssh; Erie 15A; Erie seconds y:
Illinois Central 20; Mexican ordinary
III; St Paul common 70]s; New York
Central sS1s; Pennsylvania 53A; Read
ing AZ; bar silver 3OAs pence. Money
steady. The rate Of discount in the
open market for short and three months
bills lilo cents.
London Jan 23.-AmouDt OF bullion
gone into the bank OF England today
on balance Il. 900 pounds.
London. Jan. 23.-Gold Is quoted al
BuenOs Ayres today rs. 80: Madrid 1852
Lisbon %; 81. Petersburg so; Athens u.
Rome 1OssO; Vienna 103.
Paris. Jan 23-Three per cent rentes
100 pfening, cents for the account |
Exchange on London z5f 225zc for !
checks.
Paris, Jan. 23.-The bourse was quiet |
but firm today. especially FOR rentes |
and home stocks.
was quiet The value OF money Is rs I
1g.
FOREIGN BANK STATEMENTS
London, Jan. 23.-The weekly state /
neat OF the Bank OF England issued to I
day shows the following changes as 1
compared with the previous account. /
Total reserve, Increase 2.I00. 90 pounds. /
circulation, decrease AZ. co. increase l.
81. SIS: other securities. decrease 20 90. /
other deposits. Increase 5000: public 1
deposits. increase !, 10. 90. notes reserve 4
Increase 2.I2s. 90 Government securl-
!. rs unchanged The proportion % TIE 4
Bank OF EnRia11's reserve 20 liability.
which Ia 81 week was 50 % De- cent Is
Row - p per cent
Paris. Jan. 23.-The weekly statement
= the Bank OF F'-zucA. issued today
shows The following changes as oo-n-
ozre1 with ~. previous account NJ-es