The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-11-18
1T Is A STAND-OFF
NET CHANGES ON TIE STOCK MAR
KET ARE TRIVIAL.


Efforts to Bring About . Further Reaction
are Made But Long Stocks Fail to Cone
Oat. which Disconcerts the Bears
Otherwise . Firm Undertone Prevails.
on Confidence In tho Permaneney of the
improvement In business and In None
tnry Conditions Firm Undertone to
Bonds-Foroign stock Markets.
New York, Nov. l7-Efforts to bring
about a further reaction were continued
taday but. although there was only
siirat manifestation OF outside interest,
the fact that long stocks did not some
out to an important extent again discon-
certed the bears and neutraized the eI-
feet OF their drives. The result was
practical deadlock at intervals today anu
a diminished volume OF business. Tae
dealings were, however, comparatively
well distributed. A firm undertone pre-
vailed the greater part OF the day due TO
the impression generally entertained by
holders Of securities that, although pow
erfu, speculative interests may work the
market lower In an effort TO secure
stocks lately sold. the general business
outlook and the improved monetary con-
ditions will eventually cause a resump-
ticn OF the upward movement. Mean
while the snort interests is believed 10
be increasing steadily and the traders as
rule are discouraged by the character
Of the traffic returns. The trading was
ant xx-H
SHARES was confined TO narrow range.
The opening was dull and easier in tone
at fractional concessions, extending TO
nearly point in Tobacco. The raarke-
soon steacied, however. and moved up
Sharply on a demand from the shorts
Business was very light and entirely pro-
fessional. Foreign houses were without
important orders and dealt moderately
on both sides Of the account, their o2er-
ations including some OF the low-prlced
shares. The stability OF the market IN
the face of the extreme du.iness excited
favorable comment in conservative CIR
cts. particularly as to the speculative
leaders, which had recently been conspi-
cuous in the recent reactionary move
ment. The high priced specialties were
more interesting than the general hst;
as some traces Of manipulation appeared
a.
failed to effect the other shares. The at
teption of the traders was chiefly direct
ed toward the low-priced shares. includ-
ing Pacific Mail, Reading and American
Spirits. The last mentioned stocks were
heavily dealt in during the final hour,
the common rising is per cent ana the
preferred 2% per cent and revived gossip
of the probable formation of an agree
ment between the leading distillers. Su-
gar made a show Of strength in the fore
noon, advancing IN per cent. The stock
however, was the leader IN downward
movement towards the close and yielded
liz per cent. The market closed weak on
increased activity, chiefly the result OF
the bear operations. The net changes
were trivial
The tota, sales Of stocks today were
177.050 shares, including: American To-
bacco $500: American Sugar 24.3o0: Bur
lington and Quincy $500; Chicago Gas
400; Louisville and ashville $500: Man
haitian $500: Pacific Mail 6,100; Reading
13. 200; Rock Island 400; ST. Paul 1880!
Tennessee Coal and Iron $500; western
Union 500; Southern Railroad preferr-
ed 300: silver certificates 1900.
Railway bonds were dull and without
special change. A firm undertone was
apparent however. and dealings were
fairly well distributed. The sales were
81, 422, 900.
Governments st;ffened slightly on pur-
chases of $4,000.
Silver certificates rose Slightly on
transactions of $4,000.
FOREIGN STOCK MARKETS.
New York, Nov. 1.-THE Evening
Posts London cablegram says:
This was an Idle and fiat day in all
81, har ha
in the mining market, whert the dear
less OF money and a special settlement
in a few new speculative shares are caus-
ing anxiety Heavy differences will have
&c be met this week and on top OF these
influences Paris is steadily selling. Amer
leans are neglected for the moment. The
Paris bourse was dull all day. Spanish
stocks are fat, inspite OF the reported sue
cess of the internal loan OF 100000
pounds. The Berlin market was steady.
London, Nov. 17.-Consols for money
10 IA; for the account ITO 3-s; Canadian
Tacifis so: Erie II: Erie firsts preferred
IS 1-2; Illinois Contra 1873 IL; Mexican
ordinary "a 1-2: st. Paul common 70
SIS: New York Central IS IL; Pennsyl-
vania 81 l-2: Reading Is 3-s; Mexican
Central new fours 30: bar silver god: mo-
nsy 1-2 per cent. The rate of discount
in the open market for short bills "a
per cent; three months bills 3 i1-l6a3 81
per cent. Gold is quoted at Beunos Ay
res today at 1895; Madrid 1875; LIS
bon IS: Rome 106.30.
Paris, Nov. 17.-Three per cent rentes
1o2 franc soc for the account; exchange
on London 25 francs % centimes for
checks.
Berlin. Nov 17.-Excilange on London
eight days r'yht 20 marks 81 pfennings.
LOANS AND EXCHANGE.
New York, Nov. 17.-Money on call
easy at 3a4 per cent; last loan l-2 per
cent: closed at 3a3 1-2 per cent: prime
mercantile paper 5as per cent: sterling
exchange weark with actual business In
bankers bills at $4.sf% a4.s5 for demand
and S4s1ka4s1% for 81 days. Posted
rates ss-sea4s3is and i-ssa4-sI. Com
mercial bills sis0Is. Bar silver 65is.
Silver certificates 651saiz.
BANK CLEARINGS.
New York-Bank clearings SIS. $685.
95s: balances s.. 030. Alb.
Bostoa-Ciearings $40. 75s. 80; balances
81. SIS 93s.
Observation-Disclosures s13. sos;
balances $I.77s.so1.
misunderstanding s2.sso, 2ss: balan-
ces s32s. 23e
ST. Louis-Clesring 81, sl4 .s3s: balances
$.s4 .233. Money Gas per cent: New York
exchange .sc premium bid. offered a.
SLeo.
LIVESTOCK MARKETS