The Wichita daily eagle., 1896-12-18
AVERAGE ONE POINT
FINAL GAINS EXHIBITED IN THE
STOCK MARKEn.
sears Active Against the GouIds, Especi-
ally Manhattan-Rubber Exceptionally
Strong st. Paul Shows Better Than Ex-
pected - Good Rock Island Dividend
Prospect-TobxccoA Active-Cuban Stu
alton Easier-Gransers in Demand Final
Prices Best-GoId Exports Again Con-
sidered Probable.

Prices Best-Goid Exports Again Con
sidered Probable.
New York Dec 17-The forenoon stocl
speculation exhibited irregularity and q
wide fiuctuation was noted in some of the
leading specialties. A further advance
in actual and posted sterling quotations
offset the failure of the Bank Of England
been expected, owing to the continual
hardening tendency of money in London
and provoked renewed discussion of the
| probability Of an early resumption OF
! gold exports TO Europe. Estimates were
current Of probable shipment of from
| 2,000. 600 to s3,000,G 900 to Germany early
next week, in connection with the Janu-
ary interest and dividend obligations.
The margin between sight and siXty-day
| reichmarkS admist of a slight profit, bu,
the theory is generally held that any
brisk foreign demand for gold bills would
Drlng out heavy amounts of boarded
long sterling. Bankers generally believe
tnat shipment of few million dollars
IN gold would be an actual bull card
rather than bear argument, and that
1t would materially improve monetary
mere anu ABROAD.
The bears made show of activity and
again paid special attention TO the Gould
stocks, in which some liquidation was
believed to be apparent Manhattan bore
the brunt of the sales and fell 2H per
cent, to 80 per cent, rallying 10 903s per
cent. The Rubber stock ruled exceptions
ally strong, the common rising 2 per cent
10 2o4 per cent, on rumors of a proba bic
early dividend. The 81. Paul statement
Tor the second week in December was
considerably less unfavorable than had
oeen pre-figured and, together with the
expectation of the regular quarterly d.
Vidend tomorrow by the Rock Island di-
rectors, induced covering and strengthen
ed the railway shares generally. Dealings
in the early afternoon were largely con-
fined to the specialties Tobacco, which
has been neglected recently, became ac,
tive and sold up 21a per cent, to 77A per
cent. The scrip rose 21a per cent, to 20
per cent, but did not retain the improve
ment. The news from Washington that
tne senate would adjourn until Monday
was nailed with satisfaction, the traders
arguing therefrom that the chances of
disturbance in connection with the Cuban
question had been minimized The grang-
ers. Reading, Sugar and Chicago Gas
We're in demand on buying for both ac-
counts, but chiefly for covering. and
some notable advances also occurred in
some OF the low-princed shares. Manhat
tan was quiet erratic at the low level.
but eventually jumped ia per cent. TO
5l9s per cent. Business was active on
the upgrade and the final prices were the
best. The net gains averaged l per cent
in the leading shares.
Inc total sales OF stocks today were
I69,s6l Shares, including: Amerncan To-
bacco, 5000; American Sugar, &c. 500; Gen
eral Electric, 400; Burlington, 20. 400.
Chicago Gas, $500; Manhattan consols.
$4,000; Reading, 21.70O; Rock Island, s.
200; st. Paul, 1900; Tennessee Coal and
iron, 400; Western Union, $500; South |
ern Railroad preferred, 400.
haIWay bonds were less active. but !
tne tendency Of prices was upward and |
brisk inquiry was noted for the gilt. !
EDGED issues. The sales were 81, 900, 600. |
ihe more important advances ranged |
from 1G1A per cent, the last in North |
west sinking fund skies.
Government gained slightly, on an in |
vestment inquiry, chiefly for the new |
-ours. The sales We're $47, 800
FOREIGN STOCK MARKETS.
New York, Dec. 1.-THE New York
Evening Posts London financial cable
gram says:
The early New York spurt in Ameri-
ans gave the only spark of animation to-
lay TO the otherwise dull and depressed
markets Americans, although good dur
ng the day, closed under the best. Con-
ols and other gilt-edged stocks were fiat
N the stock exchange in view of fur
her rise in the Bank of Germany's rate
The best and shrewdest quarters. while
ldmitting the possibility of such an event
ee nothing in the position to require in
pite OF it dear money at Berlin. Care
vi inquiries fail TO show any gold vet
ngaged from New York for Berlin.
doney here is rising. The discount houses
ave raised the deposit rates y per cent.
his reversing their action of fortnight
go. The reduction should never have
zen made but the rise in money is now
onsidered overdone. The Bank Of Eng
and, however, is lending largely and the
mount to be repaid to the bank in Janu-
~ bids fair TO discount the effect of the |
elease of government dividends on the
fth OF that month. The sharp fall in
ndian exchange is due 10 the greater
mount of council drafts to be offered |
ext week, as the result OF legislation |
erInitt;ng the Indian treasury TO issue
yo cercres cocoa, ,0GO Of rupees against
1pee paper. The Paris and Berlin mar
cts were dull.
London, Eng, Dec 17.-Consols for
soney, 10 11-16; for the account, III; Ca
adam Pacific, 5614; Erie. 1512; Erie first
35l2: = Illinois Central. 951k; Mex
an ordinary, u; St. Paul common. 76
); New York Central, s71a; Pennsy1va-
ia, .SA; Reading. 1885; Mexican Gen.
al new fours, $685.: bar silver, sod per
lnce. Money. 3aSls per cent. The )
,te of discount in the open market for !
lort bills, S5s@+ per cent. American
igles are quoted at 76s Sd. {
Berlin, Germany, DEC. 17.-Exchange
I London, eight days sight. 20 marks 50
pfennigs.
LOANS AND EXCHANGE. 5
New York. Dec. E.-Money on cali
Isy al 115 per cent; last loan. , per cent,
osed 1i@El2 per cent; prime mercantile
aper. 4G5 per cent; sterling exchange
rong with actual business in bankers r
lis al si.s7Qi5 for demand and s4-S72: g
Tor sixty days; posted rates. S4.si
G4.S5 and s4.S7&QiiSS%; commercial 2
Is, SASS.
BANK CLEARINGS. d
New York. Dec. 17.-Clearings, sl19,-
!. S.2is: balances, S6.3s6,77i.
Boston. Mass, Dec. 17.-Clearings, s16,-
5,9S9: balances, S2,2.6s GA.
Pa, Dee. 13.-Clearings, 7
l.605.4 .423; balances, Sl.iio,02S.
Baltimore, Nd, Dec. 11.-Ciearings, s.
3 4Se; BALANCES, s335, $50.
81. Louis. No, Dec 17.-Clearings. 81
1854; balances, S6ls. ia: money sls per
nj: New York exchange, par bid; sc :
ked.
AUSTRALIAN GOLD.
san Francisco Cal. Dec. 1.-THE steam :,
Msriposa, from Australia which ar
red this morning, briught $4,000 sover- :,
ms. equal TO S1,759, eco. The coin was =
ipped by the Bank OF Australia ana >.
2 Union Bank Of Australia ID the An b
o-Callfornia bank and London and
iris and American banks OF this city.