The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-02-28

Foreign Dealers Bearish-BOnds.
New York, Feb. 27.-The volume OF
business in stocks today was about
equal TO that of the previous day. The
industrials again held first place in the
point of activity. as a group. The
market was irregular with a down
ward tendency, and marked decline
occurred in several instances. Balti
more and Ohio was the particularly
weak feature. declining an extreme SIX
points 10 20 per cent. while the per
cent bonds of 1928 were offered down
TO S9l2 per cent, seller 20 per cent as
against 90 per cent regular, the last
previous transaction on Tuesday. The
depression was caused by disturbing
reports conveying the impression that
the result of the export report than
has been made by Mr.. Stephen Little.
the accountant employed by the syn
dictate, had been even more unfavOr-
able than had been anticipated and
foreshaded the gravest consequences.
II was also implied that the company
would be unable 70 meet the interest
due March l, amounting 10 about $402,-
600. Official denials of the Tumor We're
made 10 the Associated Press represen-
tatives, about the close of business.
Subsequently the stock rallied 10 IS per
cent, and closed at 2714 per cent. a net
concession of "A per cent. In the in
dustrials. Leather preferred was press
ed heavily for sale as a result or more
exhaustive review Of the annual report
of opera tons published yesterday. The
stock led the market in extent Of trans
actions and closed al a decline Of 3 per
cent on the day and OF four per cent
below yesterdays final figures. The
general market moved irregularly but
the fluctuations, except in one or two
instances. were not wide. Operations
for the day began with a depressed
market, which was partly attributable
10 a change of front to the bears side
by foreign dealers in Americans. Re-
alizations were also affected by local
operators in various securities. The
depression in Leather preferred, refer
red to above, unfavorably affected 9TH
ers of the industrial group. Sugar
yielded rs per cent. to 116la per cent.
on offerings from interests recently
identified with the bull movement in
the stock. Tennessee coal, without
noteworthy explanation, declined, and
subsequently recovered IL per cent.
L
from St. Paul and Louisville and Nash
vile, in which fairly extensive business
was done, and moved within narrow
limits. The downward tendency was
checked late in the day and under mod
crate covering by shorts, substantial
gains were made in a number of stocks.
Tobacco improved ia per cent, Sugar
rs per cent, Manhattan is per cent
and less important advances occurred
in other shares. The market closed
quiet and firm in tone, with the chang
es unimportant in either direction.
The railway bond market exhibited
a considerable falling off in activity
and a shading of prices occurred in the
speculative issues. The more strictly
investment securities were we'll held,
however, and in some cases material
appreciations were noted, as for ex-
ample in Pittsburg. ShenangO and
Lake Erie fiIsts, which rose per cent,
to 81 per cent, and closed at 80 per cent
Baltimore and Ohio issues were sharp
ly depressed. A transaction in the
five per cent bonds of the company
was recorded at 93 per cent "seller 20
per cent" as against % per cent regular
on Tuesday last and subsequently, the
bonds We're offered down to S912 per
cent by foreign houses, with no takers.
The aggregate sales were S1.lSG. 000
Government securities ruled dull and
firm with dealings aggregating $4,000.
Transactions in silver certificates
Were noted al 6Si5 per cent for $4,000
as against 20 per cent, the previous
transaction on Monday last.
BANK CLEARINGS
Philadelphia, Feb. Chickering's $27.-
Ole. O67; balances 81, 367, 900.
Baltimore, Feb. Chickering's s., 267,-
336; balances $685.
st. Louis, Feb. 27.-Clearings $3.50
4S6; balances S509.714 Money 6Gs per
cent. New York exchange 80 cents
discount bid.
Memphis. Feb. Chickering's t445. s95;
balances sS3.T27.
New Orleans. Feb. Chickering's 81
900, Al
LONDON AND PARIS.
London, Feb. 27.-Gold IS quoted at
Buenos Ayres today at 20l.60; Madrid
1852; Lisbon .; St. Petersburg 50;
Athens II; Rome 1920; Viena 103-
Paris, Feb. 27.-The weekly state
ment of the Bank OF France issued to
day shows the following changes as
compared with the previous account:
Notes in circulation, decrease 4. 900. 600
francs; treasury accounts current, in
crease 1051O0. 900 francs; gold in hand,
Increase :, 2s5, 900; bills discounted. in
crease $500; silver IN hand. increase
8, Isl, 900 francs.