The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-01-21

Financial Situation and international
Politics the Ground for Distressing
Rumors-London Lower-GoId ship
ments Give No Sign of Cessation.
New York, Jan. 20.-The professional
dealers, who had the market almost
entirely to themselves, found il difficult
to roll up, in the five hours Of business
today, total Of transactions eXceedings
the two-hours record of Saturday by on
~ 1000 shares. In only three stocks was
there to be noted even an approach 10
| activity. American Tobacco slightly
led St. Paul with 1890 shares and Su-
gar came third with 12,10O shares. The
| limited speculation and an unsettled
tone reflected degree of uncertainty as
| to the immediate domestic financial out
look mad the international political sit
uation. The traders contrived to have
circulated various reports and rumors
whereupon to hang text for the al
most generally narrow movements in
prices. The most important Of these
were further war scares. Western I'm
ron was unfavora.bly affected but rumors
| Of discouraging test office returns, which
were denied by officials interviewed af-
ter the close of business by a represen-
| tatiYe Of the Associated Press. It was
pointed out that the forthcoming meet
| ing of the anthracite coal presidents
would have a most eventful effect, but
the street, judging by the dizziness of
the coal stocks, is not enthusiastic and
will not be until it Is made clear TO the
rank and file of the financial committee
| that the conference will result in more
serious rehabilitory work than followed
| the opera bouffe consultation Of the
| presidents in 1895. Experienced people,
| however are sanguine of a great ef-
fort to reform the trade with the pros
pective powerful lever of the successful
completion of the plan of Reorganization
| of the Reading railroad. Three leading
gold shipping houses reported en- in
tention to ship an aggregate Of S1.550, 900
and another firm was said to be figuring
upon shipment of S750000 TO 81 .0O0, 900.
London prices came lower and the in
tial quotations were pretty evenly divid-
ed between gains and losses. but with
the trend downward. The tendency to-
ward a lower range soon became mani
fest, with General Electricc showing a
loss of IL per cent. The Vanderbilt
stocks on nominal dealings gave away
sharply also. The selling pressure was
soon exhausted and on moderate buy
Ing, Chiefly ny SHUTS, Lie maj
proved all around. The most note
worthy advances being recorded in the
industrials. Tobacco moved up per
cent to 81 per cent on covering. The
stock commanded Il per cent premium
for United States which was explained
as due presumably to a demand for
transfer purposes. General Electric
sold up a per cent, to 255s per cent,
Leather preferred S15s per cent and most
other stocks a liberal fraction. In the
late session a reactionary movement oc-
Cured in which a large part of the early
gains was lost. Tobacco fell to 1875 per
cent and General Electric TO 243s per
cent. Around delivery hour supporting
orders appeared and prices stiffened gen
orally. The closing was firm.
Bonds were dull and easier. AtchiSon
seconds led with a business OF $l11,OOO
out of a total of 81 ,04S, 900.
Only $40, 900 was done in governments.
The new tours coupon raised per cent
on theb id quotations. In state secur1-
ties only $1,000 changed hands.
BANK CLEARINGS
Philadelphia, Jan. Chickering's S.
1872, O12; balances 81, 405.51S.
st. Louis, Jan. 20.-Clearings S4,5S5, 223
Balances S715,O54. Money on call 5qS
per cent. New York exchange 81 pre-
MUM bid.
Memphis, Jan. 2O.-Clearings. s407,5O5
balances $133,965. New York exchange
$3.50 discount.
New Orleans, Jan. Chickering's ST.
4SO.S75. New York exchange bank $3.50
per 900 premium; commercial $1.75 per
1000 premium.