The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-12-08
SET THEM SELLING
EFFECT OF THE TWO MESSAGES ON
THE STOCK MARKET.
Nothing Done TIL the Presldent's Message
Eject Through Union Pacific = Then
Oiney's Report Becomes tho Basis
of More sturbauce-Openins at Sat-
urday's Final Prices - London Selling
and tho Bears Causing Recessions-Mar-
ket Unsettled, Closing Weak.


New York, Dec. THE stock market was
irregular as to movement of prices. a
heavy unGertone was noted throughout and
the speculation al times bordered on abso-
lnte sagnation, pending the publication OF
the PRESIDENTS message. Subsequent to the
announcement rurnors of disturbing char
acter in connection with the supplementary
report Of Secretary Of State Olney and the
references of the president to the Union
Pacific anc the trusts encouragen selling.
TIE market was almost exclusively profess
sional and only in the last half of the final
hour was there to be noted an approach to
animation. The initial prices were but
slightly different from Saturdays final fig
ures, but the appearance of foreign selling
orders and pressure by the bears against
the high-pr.ced specialties caused recessions
Consolidated Gas losing 2Is per cent and
Tobacco and Manhattan about a point.
Business was restricted. however. and at
the low point supporting orders were issued
which started covering and moderate buy
ing for the long account, and carried the
list fracticnally above Saturdays final
prices. The ensuing dealings were uninter-
esting and were on limited scale, until the
final hour, when some sharp changes oc-
crrred. The late operations were erratic,
but general tendency downward was evil
dent. Sugar, Manhattan, Louisville and
Nashville, the grangers and Union PACING
yielded 1aih per cent from the highest fig
ures of the day. The unsettled course of
stocks failed to affect the railway bond mar
ke:, and fair volume of business was not
ed. TIL. closing was weak at net loss OF
a point or therea bouts in many instances
The total sales of stocks today were 1S0.-
5l7 Sharec, including: American Tobacco,
5000; American Sugar, $500; Burlington
and Quincy. 1900; Chicago Gas. 500; Cen
eral Electric 400; Louisville and Nashville
@ M. tor, dat ad d
ing, 500; Rock Island. $500; Union PACIFIC,
247Oo; Western Union, $500; Northern Rail
road. $500; Silver certificates, 10000.
Railway bonds were moderately active
but generally firm. The changes as rule
were slight, aside from Atchison, Colorado
and Pacific firsts, which advanced per
cent. to 11s. and Northern Pacific consoi
fives. per cent. The last mentioned were
at 5i7s per cent, with a later break to 53la
per cent.The sales were s1,793,000.
Governments were neglected but firm, on
dealings of $1,000.
Silver certificates were Slightly lower, at
65is on sales OF $4,000.
SUGAR DIVIDENDS.
New York. Dec. THE directors Of the
American Refining company have declared
regular quarterly dividend of IA per cent
on the preferred stock and per cent on the
common stock.
FOREIGN STOCK MARKET.
New York, Dec. THE Evening Posts
London cablegram says:
THE recovery in mines stimulated all
the stock markets here today. mines having
been the weak spot. The recovery in Kaf
frs was due to better reports from the deep
level mines, to purchases for the continent
and covering by the bears, prior to the set
Element. to begin tomorrow. 1t is impossi-
BILE to say yet whether the recovery Is any
thing more than squirt. A sharp rise in
Brazil ard other South American stocks
was also 4 feature today. Home rails were
dull through fear OF larger difficulties.
Americans were quiet but with very good
tone, the closing being at the best. The
tone Of the Americans is becoming bullish.
Short money is very easy. II is believed in
good quarters that is the discount rate here
falls to 224 per cent large supplies of Amer
quotation is 23s per cent. The foreign
trade returns of Great Britain for the
month of November were issued today
They show an Increase in imports of mer-
of 1896. 600 pounds. and a decrease of 1,0Co.-
0o0 pounds in exports. The noteworthy fea-
ture in the import returns is an increase or
21s3. coo pounds in the cotton receipts from
the United States. Paris and Berlin mar
kets were steady.
LOANS AND EXCHANGE.
New York, Dec. Money on call Easy at
is rer cent, prime mercantile paper, 4G5
per cent: sterling exchange easier with act
ual business in bankers bills at ST Sl@d
4.Sfz. Tor 0emdnC, ana S4o1,401-ot IOf siNtS
DAYS BAR silver, 5000 at t5Isc; Mexican
dollars, 503.c.
BANK CLEARINGS.
Philadelphia. Dec. 7.-Clearinss, s7,cso,c45;
balarces, s.. 340, 900.
Baltimore. Dec. 7.-Clearinys S2.oo7S.s29; bal
ances, S4Gi, SIS.
ST. Louis. Dec. 7-Clearings, 1920, SIS;
balances. ss33, 500. Money Sas per cent.
New York exchange 20 cents premium bid (;
Sl.00 premium asked
GOLD RESERVE.
Washington, Dec. 7-Ttday's statement
of the condition of the treasury shows:
Available cash balance, s225. 81, AZ; gold re-