The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-12-30

New York, Dec. 29-Although the
stock market today failed TO display any
improvement over the recent light rec
ords @; business, stronger tone was ap-
parent, chiefly on covering OF shorts
There was a continued absence of COM
mission OF business. and the rally was in
spired by more cheerful advices in reia-
ton to the western bank situation, re-
ported easier tendency to money in Lon
donand weaker tendency in the mar
ket for foreign exchange. In few OF the
more active specialties manipulation Tor
a rise was evident and a favorable in
fiuence also resulted from a moderate
purchasing orders for foreign account.
Despite the heaviness OF exchange. eX-
perts expressed conflicting views as 10
the immediate movement OF that market
The point OF uncertainty is the amount
Of exchange that has been boarded and
the probable extent of renewals OF ma
turing loans in the coming month. Inc
exponderance OF opinion is, however, IN
favor OF lower exchange rates. There
was but little news Of Importance bear
ing upon the market, the action OF the
court in granting temporary injunction
restraining the payment OF the Manhal-
tan dividend not being known in TIE
street until after the close OF business
Business was extremely dull during the
forenoon. but in the afternoon session
degree of comparative activity was
reached. Manhattan and Tobacco COW
cred wide range but left off al net inn
provements of 4G1 per cent. Reading
displayed heaviness around midday on
realzations, but a decline of about
point was subsequently fully recovered
Delaware and Hudson broke per cent
on rumors of dividd sentiment among
the directors regarding the dividend pol
icy. The stock made a recovery or
point. The grangers and leading south
western stocks were in particular de-
mand in the late dealings, and average
gains of / per cent. The closing was
strong at the best prices.
The total sales of stocks today were
106,475 shares, including: American To-
bacco 400; American Sugar 1900: Bur-
lington 1900; Manhattan 1900; Reading
5000: ST. Paul II 800; Wheeling and Lake
Erie 6,10o.
The bond market displayed decided
strength in the prominent issues, but
among the usually neglected bonds some
material declines occurred, including At
lantic and Pacific 6's 10 per cent. and
Colorado Midland As trust receipts 2Si
per cent. The gains included Missouri,
Kansas and Texas firsts, per cent; IN
ternational and Great Northern firsts.
IL per cent; Kansas and Texas seconds.
1as per cent; Archison adjustment As,
Northern Pacific generals. Kansas Pa
ciflc 6's OF SO trust receipts, Oregon
Short Line 6's trust receipts and North
ern Pacific consol SIS trust receipts,
per cent. The sales were s1.150.000.
Government bonds tended upwards on
a moderate investment inquiry. Trans
actions were $4,000.
FOREIGN STOCK MARKETS.
New York. Dec. 29.-The Evening
Posts London financial cablegram says:
There was a general advance in the
stock market here today, led by a rise ,
of J. in consols on very good buying.
Mines shared in the general rally. All
the markets closed at the best, except
Americans. which were Il OF a dollar off
because OF lack OF support. The cable
dispatches about a settlement on the
Cuban question were not much needed /
by the stock exchange. Today's squirt in !
prices Is not taken teo seriously here. 1t
may of course be the prelude 10 better !
things next year, but on its face il looks
Ike bears closing out at the end Of the |
year. together with strenuous efforts Of
speculative operators to hoist prices in |
ming OF the new year. There was a /
strong demand for money. The Paris |
and Berlin bourses were steady"
LOANS AND EXCHANGE.
New York. Dec. 29.-Money on call |
nominally 1 1-242 per cent: prime mer- |
camille paper 1924 1-2 per cent; sterl- /
ing exchange weak, with actual business |
in bankers bills at 1896 1-2G4.s6 "a for 1
demand and at s4.S3 1-2d4.s3 "a for sixty |
days: silver certificates 65lz G65A; no 4
sales; bar silver 60 Is; Mexican dollars |
so ga.
BANK CLEARINGS.
Philadelphia, Dec. chickering's sl2.- |
266, 12S: balances 81 ,S27.790.
Baltimore, Dec. 29.-Clearing. s2,420,. |
90S; balances $685.
st. Louis. Dec. Chickering's $500. All: |
balances S571,9Si. Money 567 per cent. !
New York exchange par paid; % ceiiS
-t,.-,- all