The Wichita daily eagle., 1896-11-13

tie Eject = Sugar, Chicago Gss an
American Spirits Lead the IndustriaIs
and the Railways Lead. as . Group
Market Moves Irregularly, Says, RaIIie
and Closes Strong-Important Judicia
Decision Affecting Sugar.
New York, Nov. 12.-Leading p-ofes
sional dealers tested the stock market il
| the early session today and endeavored
to emphasize the lower prices for Ameri
can securities in London and recent per
sistent selling for that account in thi:
| due to apprehension Of impending COM
| plications between this government and
| Spain. Aside from the Cuban war scare
rumors nothing particularly new devei-
| oped 10 sustain the bears in their attacks.
and recognition of the fact that stocks
We're not coming out to any appreciabie
extent caused some of them TO change
their position. The volume of business
was on about the same scale as en- We'd
nesday and the dealings were again well
distributed. With three important ex-
ceptions, Sugar, Chicago Gas and Ameri-
can Spirits, the industrials were less
prominent in the trading than the rail-
way shares. The market moved irregu-
larly, an early sagging tendency being
succeeded by a ralying movement and
strong closing. The forenoon's declines
were unimportant. except in one or two
cases in which specific influences were
operative. Manhattan receded 2A per
N MOI l,Ir II =
the recent bull support and liquidation.
Late in the day, however, the stock mys-
teriously displayed aggressive strength
and rallied 3A per cent, TO 102 per cent.
Spirits stocks We're features Of the spe-
cuiation. Their recent movements. how
ever. reflected the opinions of a strong
pool and expectations of impending ia
Vorable developments regarding the
property have been fostered. The COM
mon rose 2b per cent and the preferred
31s in connection with a judicial decision
at Chicago today declaring invalid the
rebate vouchers given by the old Dietill-
ing and Cattle Feeding campany to par
ties who had dealt with outside interests
while still holding the vouchers. The
amount OF vouchers so thrown out is var
lously estimated at from $500. 900 to $780,
GOO. Aside from this substantial gain to
the company the cardinal Importance of
the decision was held 10 be IN the legal
endorsement given by the rebate voucher
system now in force by the American
Sugar Refining company. The American
Spirits company does not give rebates
transactions were reported in Northern
Pacific stocks and bonds when issued"
the preferred ranging from 341aa34% per |
cent, general lien threes 52IRa53 per cent !
and prior liens fours So per cent; Consol- |
dated Gas rallied per cent 10 1884 per |
cent after an early slight decline The |
;eiling movement was exhausted around |
midday and the market moved gradually |
Upward until the close. In the final hour |
sugar, the Changers. Louisville and |
Nashville and Southern preferred were
prominent and rose 1a1R per cent over |,
he low point. The market left off at
he best figures, showing general frac-
ional gains
TIE total sales of stocks today were
lo,93o shares, including: American To-
acco 1000; Atchison $500: Sugar 10000;
burlington 1900; Chicago Gas 1850;
'olumbus, Hooking Valley and Toledo.
800; General Electric 400: Louisville
nd Nashville 300; Manhattan Consoli-
ated S.-W; Northern Pacific preferred
SCo; Ontario and Western 500; Read
lg 2e,0eo; Rock Island $500; ST. Paul
',4GO' Tennesse Coal and Iron 3 200; Tex
and Pacific 800; Union Pacific 6.IOO:
Western Union GOO; Wheeling and Lake
RE 400; Southern Railroad preferred |
100; Silver certificates IS. .00O {
Jhe bond market was dull and the only
aportdnt net changes occurred in the
lactlve issues, ranging from to Z per
snt. The sales were 81 $4,000.
FOREIGN STOCKS AND MONEY. II
New York, Nov. 12-Evening Posts
ondon financial cablegram:
Dear money and the reported Trans
'al government claim caused a duiIer
ock market here today. Kaffirs were =
IL. Americans were lower on realiza-
ms but the undertone was cheerful and
e close was better in the street. The
sekly statement of the Bank of Eng
nd shows that the coin and bullion |
creased $4,000 pounds. Only 22S. 1000
unds net gold were exported, the re- e
sinder having gone into circulation for
ade requirements. The details of the
turn are difficult to follow Thus. other a
,i.rities have decreased nearly $500. al :
ough large loans are said to have been
ide in the Markets. Two expianation.
2 possible; other banks sold largely OF
? securities, as intimated in the un- y
ates bonds in New York, or else re- F
during the week by the mar
have exceeded the loans made, it is
possible to say which. as official quar-, 81
S VIII neither affirm nor deny the sale !.
large line of United States bonds ! T,
Is believed, however, that such sale a
k place but that the stock has not ye. ir
IN delivered. Cons equentiy Il doe. ~
figure in this weeks return. The a,
ais or the gold movement for the
Elk show that some COG. 900 pounds went
Egypt and 20.00 pounds TO Malta and
{ 1900 pounds came from Portugal
5000 pounds from Australia. The o'
ris and Berlin markets were steady" 10
.ondon. Nov. 12.-Consois for money. al
!; for the account. 10 Is, Canadian Pa g
:, So Ia: Mexican ordinary. q 1-2: 81. n
Il. common. so IA: New York Central. | IN
Pennsylvania, "a 3-i: Reading. IS Is; 10
xican Central new fours, 20; bar sii- Il
% lS-16d per ounce: money. 31-214 &c
cent. The rate OF discount in the
\ market for short and three month. n
$ 5-sGS-4 per cent. Gold bars ouo:- 10
at rs II Id. Gold is quoted at Bue-
Ayres today at ls3 40: Madrid, 1925: 81
bon. 81: Rome. 1O6.s7 l-2. The Bank
rate of discount remain.
hanged at per cent
ombay. Nov. i2--The Bank OF Bonn tio
has increased its rate OF discount TO of
y cent. W
aris. Nov. 12.-Three per cent rentes Tt
81 1-2c for the account Exchange on NJ,
don 25f - 1-ec for checks. $
srlin. Nov 12-Exchange on London
L days sight 20 marks 3S 1-2 pfennis. :
LOANS AND EXCHANGE. an
ew York. Nov. 12-Money on call Re
al 3q4 per cent: last loan per cent: cas-
ed i-2d4 per cent; prime mercantile +,
ar 1-2G6 l-e per cent, sterling ex- 81:
lge firm with actual business in bank 81