The Wichita daily eagle., 1896-12-15

kamrs, With Americans Sasging.
today was dominated by the uneasiness
growing out of the latest sensational
phase in the Cuban situation and result
ing revived congressional agitation.
Business was larger than usual and the
trend of prices was toward lower level
The railroad stocks were more active
than the industrials, but the features in
point of extreme fiuctuation were th.
epecialties. In this group liquidation was
clearly evident and some material losses
were scored. The declining tendency OF
the market was 10 a slight extent accel-
Grated by a frmer tendency in foreign
exchange and by a falling of in east
bound shipments. Stop orders were
reached in a variety OF shares. causing
a further unsettling of values, but in the
regular railway list there was not any
notable pressure of long stock. Specific
considerations affected Reading and Con-
solidated Gas. The former was depress-
I'd by threatening legal complications
and the unfavorable condition OF the an
thracite coal trade and the last by the
apprehension of adverse legislation and
reported impending compulsory reduc-
ton in gas prices. The railway bond
market which hitherto recently has been
superior to the considerations affecting
stocks. today displayed a sagging tend
ency, which was most prominent in the
speculative issues and this class also alb
sorbed the bulk Of the business. Some
steadiness was impaired to the general
market at intervals but the Improvement
was due to covering and was not main
tained. The more important extreme de-
clines were in Consolidated Gas L.
per cent; Burlington s. per cent: Lea
ther preferred and General Electric 2
per cent; Chicago Gas and Kansas and
Texas preferred 1 4 per cent and Man.
haitian 3-4 4per cent. The publication
of the plan for the reorganization OF the
Union Pacific in the interests of the hold
ers of the collateral trust notes and the
announcement OF opposition to the plan
by the trustees under the indenture OF
September 4. 1891, were equally unre-
fected in the price of the securities of the
company. Previously the collateral
trust skies had been one OF the strong
est features of the bond market. The
closing was at about the lowest of the
day, showing net declines of 1Q3 is per
cent.
The total sales OF stocks today were
1S2,1s0 shares, in cludins: American Su-
gar, %, 700; Burlington and Quincy. 23,
200; Chicago Gas, 1890; General Elec-
tric, 3.400; Louisville and Nashville. $500;
$500; Reading, $4,000; Rock
Island, $500; st. Paul, 1850; Western
Union, 1000.
The bond market displayed acute
weakness in the speculative issues. The
sales were $1,000, OO0.
Governments developed considerable
firmness in contrast TO the heaviness OF
the other securities. The sales were s45,-
500.
FOREIGN STOCK MARKETS.
New York, Dec. 1.-THE Evening
Posts London cablegram says:
1.-The stock markets were idle and dull
today except for Kaffirs, which were
stimulated by a rise in the Chartered
company on option buying. Americans
sagged all day because Of the absence OF
business, and the lower New York pri-
ces. The close was the lowest. Consols
were fiat on the continental demand for
gold. There is much interest concerning
the reported leasing of certain Brazilian
state railways to q financial syndicate.
The Brazilian government is understood
to greatly need funds at present The
proposed syndicate in Germany, IL sue
,essful, will mean many millions TO be
provided by Germans. It Is believed.
however, that a counter-s-rdicate will
De formed here. The Paris bourse was
irm. The Berlin market was firm, al
though very quiet. Business IS checked
here through the delay of the govern
nent in publishing details OF the new
,ourse regulations TO be enforced in Jan,
Iary. Money is also very dear there,
,ontagoes at the settlement being as high
Is 1-2.'
London, Dec. 14.-Gold IS quoted at
Suenos Ayres today at iSo.25; Lisbon.
IS 1-2: Rome, 104e0.
Paris, Dec. 14.-Three per cent rentes
e3 francs Is centimes for the account.
BANK CLEARINGS.
New York, Dec. 4.-Clearings, SIS. 49,
SO; balances. s4.341 ,S4s.
Boston-Clearings $13, ,soo. .s97; balances
2, ,122, ,375.
NEUTRALITY-SUSPICIOUS. $3.50, rs: bal
Inces, 81, sos, ,225.
Baltimore-Clear.ngs, $2.oSs.357: bal
lnces, S359. .0H.
St Louis-Clearings 5000. 7o4: balanc-
s, $7s1, ,373. Money 6ds per cent. New
FORK exchange so cents premium bid; 15
ents asked.
Chicago-CIearings, s17,5so.s7s. Money |
teady, unchanged. New York exchange |
o per cent premium; goreign exchange |
lrm. with demand $iS6 rs; 60 days. |
4s4
COFFEE AND SUGAR MARKETS
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