The Wichita daily eagle., 1896-11-15

Bonds were moderately active and
some noteworthy gains occurred in the
Reorganization issues The sales were
*1,47S 600.
Governments were easier for the new
fours. block OF 800, 600 changing hands
at 11s "a per cent. The old issues held
steady.
Silver certificates were practically un-
changed on dealings Of $4,000.
THE WEEK REVIEWED.
The week opened with builish senti-
/ rneat in the ascendancy. Developments
/ Of favorable character were also IN ev-
! idence and agve force TO the upward
/ movement The revival OF business ac>
! tivity and the marked ease OF money
also disposed the advocates or high pre-
/ ces Towards aggressive tactics and en-
! courased the formation OF pools in a
number of stocks, including many OF
/ the usually inactive shares and special
/ ties The heavy deposits of gold in the
! clearing house vaults in settlement OF
I bank balances evidenced clearly the
! complete suhsidence Of alarm as to the
/ financial outlook and permitted money
! lenders TO deal more literally with the
mercantile community. Heay buying
orders were executed by the commission
! houses in the low-priced shares, con-
0ition which subsequently Offset TO con
/ siderable extent the strenuous efforts OF
I the bears and sold-out bulls TO bring
about a material reaction. The market
! broadened to an extent that caused ma
| ~ OF the usually inactive stocks to
| score as heavily as the recognized lead
/ ers Following the fay orable turn in the
/ Venezuelan negotia tions, the arOltrage
( houses. which had been persistent sell
! ers OF Americans. turned to the bull side,
an additional argument baing the COM
pIate success OF the sale OF s16,000.0 900 o.
New York City 1-2 per cent bonds. The
specialties followed very widely and
were sensitive to particular influences,
notably Consolidated Gas. American
Spirits. and Manhattan. The railway
mond market was also conspicuously ac-
tive and strong, especially in the mac
1 tive issues which proved superior to
reactionary tendency, late in the week,
! in the speculative mortgages. The ease
I in money had hardening tendency N
rates abroad and an early and steady
selling abroad OF American securities
caused a hardening tendency in sterling
exchange at the outset but that market
/ eesed off steadily on free offerings or
| commercial and security bills. A SYM
patheticaIly bullish factor which had not
been overlooked was the resumed heavy
4
/ The bears laid considerable stress on
! the disappointing traffic returns for the
/ first week in November, but the street
generally regarded the returns as reflect
ing conditions which are no longer expec.
ed to rule Dealings in the Northern;
Pacific securities (when isSued) were IT.
augurated. During the last half of the
week variety OF war scares unsettled
the speculative temper and caused the
list. except in q. few instances, 20 fan
below last weeks closing level. The
weeks market closed heavy in tone a:
sharp net declines in number OF shares
The aggregate sales were s1s,9S3, i96.
Business in bonds was large, strong In
tone aad and exceptionally well dis
/ tributed The sales We're S1i,20e, 600.
Governments ruled generally higher on
sales OF, ,S206. COO
SILVER certificates were pressed for sale
and ruled generally lower on sales OF
s155,000-
LOANS AND EXCHANGE.
New York. Nov. 1i--Noon: Money on
call easy at I-2G4 per cent; prime rner-
camille paper sac per cent; sterling ex-
change steady with actual bushes in
bankers bills az $i.S5 liza 4s5i-2 for de-
mand and SiN 5-id4s2 for sixty days.
Bar silver 64 ga States bonds quiet:
bonds easier for the new fours: other
issues steady: new fours. registered,
1ls 3-i: coupon. 119 L.; fives registered,
712 -: coupon, H. IA; fours registered,
los L.: coupon, 1e9 L.; twos, registered,
95; Pacific skies OF 81. 1ei.
BANG CLEARINGS.
iladelphia-Claarings s1o.775.Ho;
balances SI.7s7029.
Baltimore-Clearings s2.ss7. $40; ball
ances $S64.0.1.
ST. Louis-Clsarings $3.SSs.1II; bal
auces SS94, ,323. Money cas- per cant
New York exchange % cents premium
bid: offered at 800
NEW YORK BANK STATEMENT.
New York. Nov 1.-THE weekly bank
statement shows the following changes:
Reserve. increase SS,5S3-525; loans. ii
crease s.. ID go; specie, increase s. .e6s.- |
SO: legal tenders. Increase ss-407.eo0; de- |
posts, Increase 5.9Ia.900: circulation. |
dcreasa SI7 go. The banks nox hold
S23.5GiIe5 in excess o< The requirements /
OF the = per cent rule
New York. Nov 1.-THE New York /
Firsnciar says this week:
The effects OF a return of confidence !
are plainly shown in the statement OF /
tie clearing house banks % New York
City for ;he week ending November Il /
The expansion in gold has probably |
never bean e1uzlled n similar time |
TIE movement = now purely voluntary. |
ard - the Increase % IS 1a.. GO in the |
United States treasury Is added TO chs l
amount received by tre New York /
banks Il VII b. over si6.1f9, 90 n gold 4
that has already come into sight since
election from these Two sources elone-
H0g many other banks throughout the /
country are carrying geld the-e : 10 ex-
act means OF knowing. bur the total ,
must Re enormous. For the first tine 4
n weeks domestic exchange at i1-sTla- 4
points has risen - 6 premium. ard ths
banks % New York are nox gaining
largely in casa from these sources. The
szI5-treaSu-y has also been losing money I
% the 5anks- - that any accumulation
O. funds aside from rs-dePosits of 1
loarsse5 money sr= really 1o-E2- Tie I
last imports % gold have also swellez /
rile total The expansion IL -a= lozas i
: fE-oE able feature OF tie statement bu. 4
the re Is pcon1 for great deal or ErcEra 1
IN tbs item II sentence. the stz-s-