The Wichita daily eagle., 1897-11-11
STOCKS AND BONDS
PRICES OF STOCKS ADVANCE AL.
MOST TO TIE CLOSE.
Buying Strong and Confident and the Ad-
vance Practically Unchecked Until
Near the Close, When n Season of Profit
Taking Breaks . Little Piece On :he
Top of the Market-Pro-Coai Trust De-
cision 1t Albany Is the Strongest Factor
spanish News Is Also Most Reass
ing-EaIlroad Earnings Sati,f .c,ory

ing-EaIroad Earnings Satirf .c;ary
New York. Nov 1o.-Prices OF stocks to-
day made very substantial recoveries to-
wards the level which prevailed before
the heavy declines OF last Monday and Fri
day. The buying was srong aatd con-
fdent and the upward course OF prices.
except in few cases. was practically un-
interrupted all day until some proft-tak-
ing at the close brought recessions from
the best prices. The factor of greatest
influence was the decision Of the appellate
devis;on of the supreme court at Albany
an the matter OF the coal trust inquiry
Reports of this decision had It that the
decree OF the lower court IN revoking its
own order compelling the coal trust presi-
dents TO appear before a referee, had been
affirmed. AS the lower court in revoking
this order had distinctly expressed It's opi1
ion that the so-called antitrust law was
unconstitutional. It was inferred that to-
days decision had also denied the consti-
tutionakty of the law. Apparently this
inference was maintained in the stock mar
ket until the close Of trading, although
the court distinctly disclaims that II IS
passing on the constitutionality of the
law, as it is not necessary for the abso-
lutte determination of the question before
1t. However, the Well street interpreta-
ton of the decision save a very strong
upward impetus to all stocks affected by
the law. The coalers were most markedly
affected as being the subject OF the special
suit under trial and they showed gains
extending to 3ik points in the case OF Del
aware and Hudson. Every industrial stock
on the Est was also sharply affected by
this report, IN view Of the fact that the
Statute was understood 10 be directed
against these great combinations of cap
.taL Cotton OH preferred was benefited
to the extent of points. Tobacco 31s,
Sugar nearly points, and others TO the
extent OF point or over. But the
strength Of the market was by no means
confined to these stocks, though the gen.
eral strength was in part due to sympa-
thy with them. Much was made of the
declaration by the Spanish prime minister
as 10 the fr.endl intentions OF his govern
ment towards this and OF the report from
OF the satisfaction which
seemed TO be felt by the president and
Of the cabinet over the Spanish
reply to United States Minister Wood
ford's note. The returns OF railroad earn
ALSS IOT lue IlISt week OI NOFeUlpeT 60OW-
ei continuance of heavy traffic, not only
where the cotton movement IS augmented
by release from quarantine, but also in the
west, where the falling off IN the grain
movement might cause declines In earn
ings- There were quite extensive purchas-
es on this market for London account OF
special international stocks, St. Paul, how
ever, being sold for that account. The
whole spirit OF the trading was distinctly
bulish and gains OF a point or over are
frequent throughout the list Norfolk and
Western preferred showed a net gain of
PA per cent, and Lake Shore of per cent.
The total sales for the day were under
100, 900 shares, and over one-fourth OF these
were of Sugar. Burlington and st. Paul.
The total sales of stocks today were 49,
so shares
BONDS.
In the bond market there was cons.d-
erable activity. and prices advanced, n
sympathy with stocks. Total sales were
:, ,900,O 600.
United States new fours, coupon, were
advanced 4 per cent bid; new fours, reg
stored. and coupon. 127; fours registered.
1212; coupon. nS&4; seconds, ss; fves. reg
stored, and coupon. III; Pacific s.xes Of IS /
O215-
SECURITIES LISTED.
New York, Move. 10.-The governors OF :
he New York stock exchange at their I
Meeting today, passed resolutions prohib- /
ting betting On the floor OF the ex-
,hange. They also authorized the listing
# the following securities: Northern Pa
,.fc company. sSse, 900 addition prior len
ailway and land grant per cent gold
,onds, making total listed TO date SIS, ,693,-
%; s2.S76,Oo first mortgage per cent gold
,onds and sG2l,9d0 guaranty trust company
4 New York engraved exchaageable trust
certificates.
LOANS AND EXCHANGE.
New York. Nov. 10.-Money on call NOM
nal at ikd2 per cent; prime mercantile
'aper, 3ihGf12 per cent; sterling exchange,
teady. with actual business n bankers
ills at &.SI.Gi.S5ss for demand and S.s2iz
i4.S23s for sixty days. Posted rates 81 s31k
nd 1851 Commercial bills. Gs1&: Sill
er certificates. 57lzG5s. Mexican dollars,
az.
London, Nov. 10.-The withdrawal from
he Bank OF England included SaO0o00 in
american eagles for shipment to the Uni
ed States.
TREASURY STATEMENT
Washington, Nov. 10.-Today's statement
I the condition OF the treasury shows:
-vailable cash balance, s2a, ,eg7. .5s5; gold
eserve, SIS, Coz, $50