The Wichita daily eagle., 1897-11-27
STOCKS AND BONDS
SHARE IMPROVEMENT
rs LATE IN THE DAY.

and Even the Later Gains are, in Many,
of the Narrowest-1Iain Interest At
taches TO the speciaIties. All of Which
Eevelop Strength Early In the Session
Rate for Long Sterling Advances
Bradstreers Financial Review.
| New York, Nov. 26.-The latter hour OF
the day showed an improvement in busi-
less on the stock exchange. both in the
volume of transactions and the increase
of values over those recently prevailing.
| The standard railroad stocks. however.
( continued to be a good deal neglected and
| the movement OF prices IN them was very
marrow. The whole list was depressed dur
ing the early part CT the day under the
| influence Of lower prices for Americans
IN London and quite active selling here
for London account. This was especially
marked in st. Paul, and this stock failed
to recover at any time 10 Wednesdays
close Its weakness was due 20 the Octo-
ber sta tement Of earnings, which showed
an increase in net Of less than $3.50. 50
far as this statement bears on the general
situation, ID is to be taken into account
were the largest for the year. The later
improvement in the market left the rail-
roa6 list with net gains, but they were
of the narrowest in many cases. The
chief interest IN the market centered in the
specialtles, and these all developed strength
before trading mad been long In progress.
Manhattan was most conspicuous in the
dealings and advanced quite steadily and
strongly throughout the day, closing al
net gain of 2sl points. There was no news
to account for the strength of this mar
ket. Sugar also showed a marked recov-
cry from Its recent depression, and closed
2ss points higher than on Wednesday. Peo-
PIES Gas has gained IA per cent. New
Jersey Central Is and Delaware and Hud-
son over point. Consolidated Gas jump
eG UP and down over range of three
points and closed at q net gain of L..
points. The days trading reflected moth
ing IN the general situation, the news of
which continued to show Improvement.
The actual rate for long sterling exchange
advanced y per cent additional today.
Some Of the demand for long sterling is
for use in the operation which involves the
lending OF funds abroad. There was also
said to be some buying of long sterling
for speculation In the belief that rates of
lures, as as the balance OF trade may
have shifted by that time
The total sales of stocks today were IT,
100 shares.
BONDS.
The bond market was fairly active and
prices were firm. The total sales were
81, ,24c. 600.
United States fours, coupon, were Il per
cent lower, and the fives coupon Il per cent
lower bid. New fours, 128; coupon, 123H:
fours. registered, 112N; coupon. ia; twos,
9Slz; fives, registered, III; coupon, HAS; Pa
cific SKIES of '9S, 102ss.
FOREIGN STOCK MARKETS.
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New York, Nov 26-The Evening Posts
Dondon financial cablegram says:
''The stock markets were idle and irregu-
lar today, but most of them were steady
until the close, which was fiat on various
vague rumors.
Kaffirs slumped on unconfirmed reports
of Cecil Rhodes death. Other markets
sagged on the reported collision of French
tro ops on the Niger. There was nothing
really authentic in this story, but the mar
kets lack energy and are easily frightened
Americans were dull, and the continentals
were selling moderately. Brazils were bet
100000 pounds Brazil 5 per cent treasury
bills at IS per cent. The bills are of va
rious dates, from six to twenty-four
months
Berlin exchange is quoted here today
at 21.36, but l have reason to believe the
quotation is normal The rate is nearer
2o.S7 and gold taken here for Germany
goes out at a loss. Vienna exchange is
also advancing
The Paris bourse was steady and the
Berlin market dull
LOANS AND EXCHANGE.
New York, Nov. 2s.-Money on call easy
at 11&Q2 per cent; last loan. 11AQ2 per
cent; closed 2 per cent; prime mercantile
paper, SG4is per cent. Sterling exchange
strong. with actual business in bankers
bills at si.S5G4.s5% and at s4s3G4 S31z for
sixty days; posted rates, AS31kd4S and
s4.sel6G54sI: commercial bills, as2H Sil-
yer certificates 5St4Q59; bar silver, 5sAc;
Mexican dollars, 45a.c.
BRADSTREET REVIEW.
New York, Nov. 26.-Bradstreet's inan-
cial review tomorrow viii say:
Although speculation has been mainly
in the hands of traders, the undertone Of
strength was apparent throughout the
weeks transactions on the stock exchange
The holiday on Thursday, however. created
an irdisposirion to trade, and resulted on
Wednesday last in more or less selling to
obtain limited profits on the bull side. On
Friday the market. after an early spell Of
hesitation, with some slight bear.sh news,
developed strength on bear covering ana
closed better. There has been no very Sc
we're pressure, and while, except in a few
stocks, decided support was lacking. Ii Is
ie -r7.af lfr-ts- T.
over and that stocks are II strong hands.
The approaching meeting OF congress ia
regarded as the next speculative factor Of
importance, and it IS concluded that large
financial interests are waiting TIL the ses-
sion begins and the attitude OF the IA
t;onal lawmakers on the currency and
Cuba is developed. So far as the admins
traticn is concerned. the "strcst" at large
has been fayorably impressed both by the
pacific disposition that has characterized
the negotiations with Spain and BY the cur
rem, report that the president message VIII
deal largely with the currency and take
position satisfactory 70 sound money
sentiment. The fact that Secretary Gage,
in his speech in New York or THURSDAY
evening. dealt only with generalities as 10
the currency and the administrators pol
icy IN regard thereto. created neither sur
prise nor disappointment. though a po--
ton Of the street was disposed 20 sati,-
iFaie a more positive utterance TheEs
was an absence OF unfavorable develop
meuts Throughout the week, sn6 more at
teation was paid 10 the continued increase
in railroad earning. and TO circumstances
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