The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-01-09
sub-Treasury-Railway Business.

ub-TreaSury-Hailvay business.
New York. Jan s-The local stock mar
ket today cut loose from the foreign in
huenceS that have recently affected II.
The speculation was decidedly less fever
ish than heretofore and the volume Of
business showed diminished activity by
the bear leaders.
Previous 20 the opening the London ca
bles reported increased tension in Europ-
can political circles ard fractional de-
clines in American securities at that cen
ire. Nevertheless, home prices moved
sharply upward during the first hour OF
business, with the appreciation most mark
ed IN the s-anSerS. The market was
strengthened by the reported deposit of
100000 n gold in exchange for gresHbackS
by a national bank. l. developed later
examination and would not figure in the
treasury reserve. The absence Cf appli-
GATORS for clearing house lean certificates
by the banks, and an easy condition Of
the call money market also had a faVora-
bic effect. The market received set
back after all, on selling for both ac-
counts, BIT the bills soon reasSerted them
selves and the upward movement was
resumed, around I o'clock under the sI-m-
illus Of sharp advances n the anthracite
coalerS. The Improvement IN tbs group
was inspired by the formal announce
ment that the Delaware and Hudson Ca
cent annual dividend rate on the stock in
the current year. SIT is officially stated
that the company earned in 1895 about
6l2 per cent, and that the deficit will be
made up out Of surplus earnings. The
stock rose an extreme per cent. II
is understood that the largely increased
earnings of the railroad almost counter
balanced the falling off in revenue in the
coal department. In ordinary years the
results would be reversed. Sugar was
manipulated upward partly in connection
with a resolution of the stockholders at
the annual meeting today, raufylng the
policy Of the management. Aside from
the coalerS the improvements in the active
shares ranged from ! TO 2 per cent. The
grangerS were bought freely for local
accounts and St Paul ard other shares
for foreign account on reports of a freer
movement of corn. y feature of the mar
ket lending strength to the general mar
ket was revived sharp inquiry for in
veSIment bonds. No gold was engaged
was withdrawn presumably for Canadian
account. The total amount of gold de-
posted at the sub-treasury was 100000,
non1e Of which, as far as can be learned,
was for treasury reserve account. In
uhe late dealings there was a sharp re-
action in which liquidation in Manhat-
tan caused a drop Of 3A per cent, to 81
per cent. The ohter losses extended to
IL per cent in Lackawana- The closing
was heavy, but at general net advances.
The railway bond market showed dec.d-
ed strength throughout the day, liberal
gains being noted in many issues. The
Reading classes were the LADDERS in activ-
il yand improvement. The total sales
were $2,1S0,G)0. Southern fveS improved
per cent, but subsequently reacted IL
per cent on foreign offerings The gains
extended 10 "a per cent in Chesapeake
and Ohio 41a's-
RECOVERY IN LONDON.
London, Jan. S.-The stock market here
has been fat today but closed generally
k-as.S - : l. i
that President Kruger had handed over
DIR. jameson and his officers to England |
The bears hurTiedly covered; hence the
sharp Improvement. There was no gen
cans was in sympathy with other mar
kets and no business in them beyond bears
covering. 1t is reported here that the
financial syndicate Will yet be asked TO
send in subscriptions for the new United
States loans but that in that case the
syndicate will probably tender a price
below their original offer. Considerable |
gold is expected to go from here soon to |
the Cape and South America.
The Paris bourSe was steady all day and |
the closing firm. as was the case in Ber- |
lin. The general outlook as reflected by |
Ghe continental bourseS is a trifle better |
LOANS AND CLEARINGS.
New York, Jan. S.-Money on call easy |
at 3Q5 per cert; last loan per cent; clos I
ed 3 per cent. Prime mercantile paper |
6G9 per cent; sterling exchange steady |
WIFI dCludl business IN DtnheFS DIS at 1
$780, for demand and S4.s71kd24 for six |
~ days. Posted rates 81. SSG4 sSi4. 500 |
4 90l5. Commercial bills q. ss15. Bar sill |
Yer 667s cents. Silver certificates 674Glz
per cert
New York. Jan. S-Clearings so, O73. OsS;
balances S5,52S, 491.
Boston, Jan. S.-Clearings SIS, SIS III; bal
anceS 81 80, 4S4.
st. Louis, jan S.-Clearings $500. sol;
balances $5S7,s22. Money Gas per cent.
New York exchange so per cent premium
EARNINGS AND DIVIDENDS.
New York, Jan. s.-The November earn
ings of the Oregon Improvement COM
pany We're: Gross S271, S79 decrease 3d.
81; net $3S.2S7. decrease S6S.772
Loisviue and Nashville reports for six
months ending December 81 a surplus of
s., c66. 40. against 500. 434 last year
Nwe York, Jan. S.-The Pennsylvania
railroad has declared a dividend Of ? per
cent or the preferred stock of the Pitts
burg, Cincinnati. Chicago and St Louis
company, payable Jan. =. The Central
Ohio railroad has declared a seml-annual |
dividend Of 3 per cent on both the common
and preferred stocks as reorganized, pay
able Jan. 81.
STOCKS LISTED.
New York. Jan. &-The committee on |
stock list of the New Y ork stock exchange
have admitted TO the list the following |
securities: Union Pacific railway com
pany first mort gage s per cert bonds of |
Ss6-g7-9S-S9, S753. 900; Kansas Pacific COM
pany first mortgage per cent bonds Of
1895. 81, o27, 60: Kansas Pacific 'S5'S. and
Z. $500 Kansas Pacific Denver division |
SKIES Of 1859.
GRAIN MAHKET