The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-11-11
KEEPS UP ITS LICK
STOCK MARKET CONTINUES ACTIVE
AND BROADENING.

50 Strong the Other Way That Their
Success IL Only PARTIAL Low-Priced
shares Continue to attract Attenfion-
Money and Commercial Paper still Fur
important Changes Either Way.
New York. Nov. 10.-The stock mar
ket To-Day displayed continued activity
and broadening tendency. with the in
dusrrials again IN comparative ooscuri-
~, aside from Sugar and Chicago Gas.
The speculative movement reflected
strenuous efforts by soid-out bulls and
by the bear professionals 10 bring about
reaction. The tactics employed were
only partially successful. owing 10
heavy purchases of the low-priced
shares and increasing outside interes.
IL the market geceIally, whicn was stun
alatei by Iu-tte- relaxing in the TaSney
and commercial psrer markets and a
jectied rcacticn in foreign exchange
rates. Time money was loaned for all
pensds ar Az per cent on choice stock
ex-ccllateral and at per cent on good
mixed securities. The market for dis
counts broadened considerably and
prime paper was taken in exceptional
cases at 81 per cent. with 5is per cent
the high figures. Good western single
named paper was discounted at . per
cent, which a week ago was practically
unnlar ketable. Actual demands with
sterling was quoted by some drawers
cent lower. and sixty-day bills Were
also shaded materially. while in some
instances posted figures were reduced
a cent. The weakness OF the market
was attributed partly 10 the completion
OF covering of 20 days sterling loans and
OF payments made for blocks OF our gov
eminent and other securities recently
sold in this market for foreign account
On the other hand depressing inriu-
ence is beginning to be expected on
change by renewed foreign buying of
our railway investment bonds and
stocks. The advanc OF lower prices
was also checked sesibly by the favor
able impression created at home and
abroad by the exceptional success OF the
New York City municipal bond issue.
The efforts now making to bring the
business OF producing and carrying bi-
luminous coal 10 a profitable basis. in
justice TO the operators, runs and mi
ners, also counted in the speculatious.
as the revival of industries generally -
certain TO create an enlarged demand
for coal. A commission house inquiry
for low-priced stocks was again feat
ure OF the dealings. The efforts or the
bears referred TO and realiZations caes-
Ell an irregular movement. but the fiuct
nations were comparatively unimport-
ant. so far as the active list was con-
cerned. The greatest pressure was d.
rected against the Changers. Sugar. Chi
cago Gas and Reading. The market ex-
hibited animation in the early trading
and the widest variety OF dealings re-
corded in the movement was noted.
American Spirits. Colorado Fuel. Bay
State Gas and Southern preferred were
conspicuously strong in the low-priceti
category Renewed favorable rumors
regarding Manhattan caused an ad
vance of per cent, 10 i04 per cent, and
the greater part of the improvement
was retained. Consolidated Gas was er-
ratio within a wide range and left on al
a slight net loss. In the afternoon the
market was comparatively dull and the
fuctua atoms were narrow. The closing
was fairly active and irregular. but final
prices showed only slight net changes
either way in the leading shares.
The total sales OF stocks today were
$50. 953 shares. including: American To-
bacco. 6,1G0; American Sugar. 400
Burlington and Quincy. 1880; Chicago
Gas. $500; Columbus. Hooking Valley
and Toledo. q 800; Chesapeake and Ohio
4. 100: General Electric. 5000: Louisville
and Nashville, 10.3G0; Manhattan. 400
Northwest, $500; Northern Pacific, s.
400: do. do. preferred. IL 800: Ontario and
NJ c g. f.rt a.
ing. e.. 200: Rock Island. 10.1Oo; 81. Paul
20, $50; Tennessee Coal and Iron, $500
Texas and Pacific. 81 500: Union Pacific
1900: silver certificates. 1900: Western
Union, Il. 800: Wheeling and Lake Erie,
$500: Southern railroad, 300; do. do,
preferred. 1880.
Bonds were easier in tendency early
hut frmed up towards the close The
inactive Issues w1Te in good denan ard
secret su5stan.ii gains. international
and Great Northern thirds rose 3iz per
cent: Union Pacific sinking funds
Fights, per cent, Missouri. Kansas and
Eastrn 3% per cent: Northwest conFols
and Ohio Southern first per cent. Tne
sake were s.. s35. 900.
Governments were Irregular within
narrow limits on sales OF $4,000.
Silver certificates were heavy. recei-
ing to 6i7s per cent on sales Of siZ,-
600.
FOREIGN STOCK MARKETS.
New York. Nov. 10.-Evening Posts
London financial cablsgran:
The good effect OF Lord Sallsbury's
speech last night was discounted In the
stock markets. hence foday's relapse n
eonsols. Short money IL still tight. but
there arr faint indications that the con-
di;ion may change. The Bank OF Eng
land IS intimst!ng willingness 70 dis-
count fourteen-day bills a. 4 per cent
instead Of AZ per cent ContanFoes on
Americans are Sos IL per cent, al
though there is a small account as yet
The tone OF Americans was rather duh
today on resliza71ons BY few large
operators. Ercep; for that the tone
would have been good. as the public
here ara nibbling a, the l0w-prieed
bonds ard shares. There IL talk in good
quarters today OF gold coming from
New York 70 Europe. The general feel
ing. however. is that e - too early yet
90 decide about this. The Paris bourEe
was Arm. The Spanish internal loan
OF 6 90. 90 pounds II coming soon. TIE
Berlin market was steady.
LOANS AND EXCHANGE.
New York. Nov. f9-Soon. Money On
call a. 80 IL per cent. prime u1e~csr-
tile paper 5 I-2N7 per cent: sterling s1-
change weak with actual business n
bankeFs' bills al .sssftt s. IL f0r de-
r5snd and .s-s2sfs2 "a Tor 20 days: ssl-
yer certificates 1890 az s. Is. bar all
yer g. Mexican dollars. shs IL ceal4.
government so1ds firm: Dew four. reg
is;sred AMI eoDuon. Is. fves. register
si. ard coupon. III -. foarS register
81. 1o2: coupon. ios ia. tZoz registered.
s.. Pacific sizes. ~ 81. 15.-
BANK CLEARiNCs
Philadelphia - cIssringz, ;.zIz7, $50.
balances. 81 szs zSs-
E.zits11ors-clsaElsgs. t31sa.Ig7: bal