The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-02-17
STOCKS AND BONDS
MONDAYS STRENGTH CONTINUES
IN THE SHARE MARKET.

Effort Is Not Lacking. Even the In
Gu'triais Refusing to Bulge. Especially
n the Lexow Committee Departs From
Sugar for . Season-Foreisn Political,
Situation Quite Resssuring and the
Trade Balance for January Is Extra
FavorabIe-Bonds Improve.
New York. Feb. 16-The marked strength
| which rallied the market towards the close
| yesterday was manifest on the stock ex-
change today and any efforts that were
made to stem the upward course of prices
proved unavailing. The bear contingent
| concentrated its efforts on a few OF the
| speoialt;es. successfully for a time, but
f, even the industr.als proved refractory IN
| der attempts at manipulation for a decline.
and rallied. the declines in each case be-
| ing more than recovered The more pacific
outlook in Europe and the subs;derce OF
the alarm over the outbreak in Crete. as
shown By the early reports OF contractions
| on the continental bourses and N London
| was, OF course, the main cause of the very
| strong tone of the market. The convic-
ton that the great powers are in no dam
|
| occupation of Crete soothed the fears of
| foreign capitalists and American securl-
ties participated in the gain enjoyed by
| others on the London exchange. London
| also bought in this market. The general
| outlook is also regarded as favorable. The
| January trade statement, while Il does not
| show a heavy trade balance IN our favor,
! as in some recent months. still shows a
balance unprecedentedly large for January.
and gives no evidence OF the turn of the
| balance against US and the consequent out
| flow of gold looked for at this time OF the
year. London buying of our stocks adds to
| the strength OF the country's financial po-
sit;on. The activity impaired 10 the steel
| rail trade by the dissolution OF the pool
and lower prices IS also a favorable fac
| tor. There were encouraging reports also
| of the outlook for railway traffic in the
| northwest, owing TO the increased move
| ment of grain. All these sauses may be
said to have contributed 20 the upward ten
| dency of the market today. The only nota-
| bic properties TO manifest depression al any
| time today were Tennessee Coal and Iron.
Leather preferred, Chicago Gas. Manhat-
tan, Western Union and Tobacco. The de-
clines in these were more than recovered.
| 1t is expected that the governors of the
stock exchange tomorrow will take acton
/
Telegraph, controlled by the Western
| Union, for ticker service. Rumors as TO
| what the action would be were used TO de-
press Western Union. Sugar was buoyant
| throughout on account of the relief at the
termination of the inquiry into its affairs
| by the legislative committee, which has
passed to the Rubber company. There were
evidences of inside buying in Sugar, which,
as usual, enjoyed large proportion of the
attention of the exchange. The stock ad-
vance6 rs per cent. TO HAS per cent. The
srangers led the general advance in the
railway list, gaining an average of about a
point. The anthracite coalers also showed
prominently in the late dealings. In the
/ usually inactive stocks. Consolidated Gas
| jumped points, TO 15017 per cent, on an
| abatement of fears of unfavorable legisla-
ton at Albany. ST. Paul. Minneapolis and
| Minnesota, and Lake Shore gained 1 to IL
| per cent. The final hour was active, show
| ing marked improvement in a number of
shares, and prices were generally the best
| of the day.
The total sales of stock today were 49,
"a shares, including: American Tobacco.
800; American Sugar. s.. 400; Burlington
and Quincy, 800; Chicago Gas, 200; Man
haitian, 5000; Northern Pacific preferred.
$500; Rock Island. 800; st. Paul. l2,1O0:
| Tennessee Coal and Iron, 1900; Western
| Union. $500; silver certificates, 1900.
The bond market displayed an improved
| tone and slight gains were recorder in the
| prinpical liens. Purchases for investment
| account continue 10 exert a steadying IN
! fuence, with foreign interests absorbing
all of the gilt-edged securities offered The
sales were 1,547, 900. The changes generally
lack Importance except in a few cases.
| Government bonds hardened perciptibly
on purchases of $4,000. The floating sup
! ply of the issues is being extensively drawn
upon by local and outside financial inter-
/ ests.
FOREIGN STOCK MARKETS.
New York. Feb. 16-The Evening Posts
| Londonn financial cablegram says:
| There was a great improvement in the
| stock markets today because OF the occup-
patton of Crete by the powers. Consois
were 112k. There was simply nothing do
ing, although prices held firm 10 the close.
! Foreign stocks showed the most marked
| rise, because of the better feeling in Paris.
There is no likelihood of much activity I'M
| Ill the political situation is clearer. A
sharp rise was chronicled in copper on the
| fortnight statistics. The Paris and Berlin
| markets were firm.
London, Eng. Feb. 1s.-God is quoted at
Buenos Ayres today at 21450: Lisbon, 427.;
! Rome. los. s2is.
Paris, France. Feb. 15-Three per cent
rentes 1o2 france 80 centines for the &C
| count; exchange on London . francs 10
centimes for checks
Berlin Germany. FEB. ls-Exchange on
London. eight days sight, % marks AZ
| pfennigs.
| LOANS AND EXCHANGE.
| New York, Feb. 16.-Money on call easy
at IIzG2 per cent; last loan Ia per cent;
closed offered az 1izd2 per cent; prime
mercantile paper 3d4 per cent: sterling ex-
I change firm with actual business in bank
ers bills at Hs76lSI4 for demand. and az
/ ASa4 ST.. for 60 days; posted rates Hsd
ashland ss.s7i5d4Ss: commercial bills r.si;
| silver certificates e474 as; bar silver s45s.
BANK CLEARINGS.
New York. Feb Is.-Clear.ngs 500. 81. "a;
/ balances S.l0s.i0i.
! Boston Mass, Feb. I5.-Clearings 7,2s5,
o5i: balances S1.794,733
I Philadelphia. Pa. Feb. I5-Clearings u.s.
/ Ses sS3: balances - E4.743-
! Baltimore. Nd. Feb. Is.-CIear.ngs S,.52s-
I 30; balances S5S5,si
S.. Louis. No. Feb Is-ClearinEs $50,
/ 50; balances sl.25.7sI. Money 4a7 per cent
I New York exchange - cents discount bid:
/ : cents discount asked.