The Wichita daily eagle., 1896-01-22
is MORE CHEERFUL
STOCK MARKET DRAWS HOPE FROM
The SIGNS OF THE TIMES.

| Not tAlarming-Monroe Doctrine Reso-
lutiod in the Senate Is Watched With
Interest-EDglish Corporations Half
Million Bond Bid-Anthracite Situation
-Chicago Gas, Sugar and Tobacco are
Hit Hard-Bonds-Forei Markets.
New York, Jan. IA more cheerful
| temper prevailed in Wall street today
and this condition was reflected in spas
nlodic bursts Of comparative strength
and an animation in the stock specula-
ton. The improvement was not uni
| form, however, as the more confident
tone was based upon expectation Of a
continued easy condition OF the money
market and the belief that the with
drawals OF gold for shipment on Satur-
day Will be nominal in amount. The
impression that the proposed Monroe
doctrine resolution of Senator Davis
would be either postponed or defeated,
created a feeling Of relief in financial
circles which may or may not be justi-
fed. Considerable favorable signifi
cance was also attached 20 an an
nouncement that an English insurance
corporal ton would subscribe 10 S5e0,0C0
of the new issue Of bonds. \ ripple OF
strength, which was OF noteworthy
strength only in New Jersey Central.
caused trife more interest than has
Yet been manifested in relation 10 the
impending conference of the presidents
OF the anthracite coal companies. The
anthracite industry, according 20 the
best authorities, is rapidly approaching
a condition OF utter Generalization.
Coal is Stocked everywhere, and prices
are not far from the lowest figures re-
corded in the spring OF 1895. The un-
favorable influences of the protracted
unusually mild weather and the uncer-
tainty ruling as 10 the financial outlook
are also felt in the trade. II is hoped.
however, that the powerful assistance of
the reorganization committee of the
Reading will be interpOsed 10 avert a
recurrence Of the deep depression of the
industry which prevailed last year and
which cut so deeply into the earnings OF
the producing and carrying companies.
The market opened firm and advances
to the extent of per cent were soon re-
corded in some instances. The improve
ment was checked soon after the end
OF the first hour, when a slight reaction
occurred. The upward movement was
soon resumed, however, and at the top
figures gains We're recorded Of per cent
and is per cent in Sugar, Chicago Gas,
General Electric. Louisville and Nash
vile, and the grangers. Late In the
day an attack was made on the indus
trials and material declines Were effect
ed in that class. The railway stocks al
SO sagged, but the losses in them were
only fractional. Chicago Gas was raid
ed on the refusal Of the state authorities
Of Illinois TO accept, or permit to be
filed, the certificates of consolidation of
the various properties. The stock
slumped per cent TO GAY per cent Su-
gar and Tobacco fell IL and per cent,
respectively, on rumors of impending
measures in the New Jersey legislature
10 forfeit the charters of the two com
panies. The last mentioned recovered
one half Of the decline in the final deal
ingS. Leather preferred fell y per cent
in sympathy. Western Union was
pressed for sale to a comparatively large
extent despite denials by leading OFF,
cials of the unfavorable rumors in cir
culation regarding the property. The
market closed quiet and steady with
slight gains general in the railroad list.
The total sales of stocks today were
135,945 shares, including: American Su-
gar 21,200; American Tobacco 1890;
Burlington $500; Chicago Gas 13. 200; Dis
tilling $500; General Electric 1900;
Louisville and Nashville 1000; Rock Is
land 400; St. Paul 1880; United States
Leather preferred 4,500; Western Union
Il 300.
The bond market operations were on
a decreased scale, the total dealings ag-
gregating only $976,000. Prices We're
firm.
Governments were decidedly lower -
the bid quotations, especially for the
new coupon fours, which ruled IL per
cent off. No transactions were made 1t
the board, but comparatively large
transactions were closed over the coun-
ter.
LOANS AND CLEARINGS.
New York, Jan. 21.-Money on call
easy at 3G4 per cent; last loan 3 per
cent; closed per cent. Prime mercan-
tile paper 6GS per cent. Sterling eX-
change steady, with actual business IN
bankers bills at s4S944S9A for de-
mand and at S4S724 d4.SS for sixty days.
posted rates $4SS1k64s9 and 1870. Com
mercial bills s4S694. Silver certificates
6714 G675s per cent. Bar lsiver 81 cents.
New York, Jan. 21.-Clearings $780,
793. .7S6; balances S5,373, 600.
Boston, Jan. Chickering's SIS. SIS, ,149;
balances Si.499.000.
Philadelphia, Jan. 21.-Clearinss S11.-
1913. .431; balances 81. .697. AL
Baltimore. Jan. 21.-Clearings s2,631,-
0j7; balances s52S. 900.
Chicago. Jan. 2f@CIearings sI3.547.-
000 Money on call firm at per cent;
on time 6d7 per cent New York ex-
change sold at par. Foreign exchange
market steady and unchanged Bank
ers GOndon) sterling S4.s9iz and $fSs.
St Louis. Jan. H.-Clearings 81. .5s5. .423; /
balances $715,054. Money 5Gs per cent. I
New York exchange 800 premium bid
FOREIGN STOCKS AND MONEY.
New York. Jan. 21-Evening Posts
London financial cablegram: This was
the idlest day the stock market has
known in months. The tone was rather I
dull until the close, when a recovery in /
Americans on support from New York
infused a larguid interest into the mar
ket Conditions were entirely in favor
OF great activity in the stock markets 7.
but the political situation Is 50 uncer- .
tain that bear and bull operators alike .
are afraid 20 act. Kafirs were dun, .
BrazilS were fat, o nthe Trinidad qUes- .
tiOn.
The Paris bourse has been dull. but
closed firm.
The Berlin market was tdle and dull
London. Jan Z1--CanadLsn Pacific .
so: Erie =: Erie seconds y: Illinois
Central Ss2.; Mexican ordinary i7iz:
s.. Paul Common ssIs New York Cen
tral 9z.7; Pennsylvania 5s1s: Reading
A.: Mexican Central new fours So.
bar silver 50Ss pence per ounce. Money .
= per cent The rate of discount IN the .
opsn market for short bills and three .
months bills ! lis Per cent.
Cold Is quoted ~ Busnos Ayres today 4
az -. 80: Al Madrid 1872, a. Lisbon -. I
q s. Petersburg %. az Athens -, al \
Rome los .s31z: a. Vienna 100
The amount % bullion gone into ths 4
Bank q England OF balance today.
81 GO pounds.
Berlin. Jan T.-EIchsnze OF Lon