The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-30

The Anthracites and Long Island
Achieve Prominence = Market Closes
Steady at slight Net Changes-Bonds
Uncomnony Active-Brisk Demand for
Governments-The Weeks Review.
New York, Jan 2a-The' stock market to-
aside from Northern Pacific and Sugar,
which ranked first and second in extent OF
trading, weic fairly well distributed. The
course of prices was irregular, with some
special movements in few stocks due 10
particular developments The Northern
Paciiics we're decidedly strong features, on
a demand fol foreign account, based upon
runors OF impending alliances likely to
strengthen the system, and expectations
of improved earnings. The common stock
rose f. actlonaily while the preferred gained
IL per cent, touching S6%s per cent.
| favorably sympathetic influence on the gen.
eral Est resulted, which served to Offset
Ge,nons;ra ton against Burlington by the
bears which was attended by predictions OF
a disappointing statement for December.
The coal stocks on moderate transactions,
were again prominent. The Lackawanna
annual report showing a deficit OF S509,e6l,
after charges and dividends, and earnings
Of only little over per cent on the stock,
as against the per cent paid, stemmed an
advancing movement that had been in pro-
gress in The group. On liquidation and bear
pressure the stock declined 2ia per cent and
Delaware and Hudson and New Jersey Cen
trail = per cent each. Substantial but not
complete rallies subsequently occurred in
the first two mentioned properties. The
low-rriced stocks attracted considerable in
terCst. Long Island jumped "a per cent.
tos32; per cent on belief that Mr.. Little's
report would confirm the figures submitted
by President Baldwin to the syndicate and
encourage the execution Of its plans for
,, the development and extension of the prop
erty. The bears again selected Manhattan
for a special target and forced the price
down per cent, to ssh per cent. The
railway shares generally moved within mar
row limits with an upward tendency. Rail-
way bonds were unusually active and in
TIE cases OF some of the recently depressed
issues material advances were scored, and
notably IN Hooking Valley skies, which rose
al; extra 10 per cent. to IS per cent. on the
settlement OF the coal war announced yes
.erday. Sugar lacked support late in the
T! cay and dropped point. This decline and
tic weakness in the anthracite coal stocks
caused recessons in the general list, but
rally occurred toward the close, which was
partly attributed 20 the announcement of
reduction in sterling exchange figures. The
market left off steady a slight net changes.
The total sales OF stocks today were 49,
400 shares, including: American Sugar 15,-
80: Burlington. 5000; Chicago Gas, $500;
Columbus. Hooking Valley and Toleda A.
1oG; Delaware and Hudson 1890; Manhattan
c,S00; Northern aPcifc 100; Northern Pa
c.fc preferred 20,c9c; st. Paul, $500.
The bond market was unusually active
, on an investment demand for local and for
eign account The dealings covered a wide
variety of issues and some striking gains
were made The sales were 81. 429. 600. The
more important advances Were in Utah
Southern general IS trust. 914 per cent;
Utah Extension IS trust receipts, per
cent; Pittsburg, Fort Wayne and Chicago
firsts, e1s per cent; Colorado Midland firsts
trust receipts. per cent; Chicago and or
tnern aPcific IS trust receipts, 1%4 per cent;
Union Pacific sinking fund SIS trust re-
ceipts, rs per cent; Northern Pacific ter
minal trusts, IL per cent; Oregon Short
Lire SIS trust, Is per cent, ard Baltimore
and Ohio firsts of 1895, l per cent.
The demand for governments for invest
ment account by corporations and individu-
al capitalists continues brisk. The new
coupons Is rose to 124 per cent, the highest
price attained in the present movements.
The sales were $4,000.
FOREIGN STOCK MARKETS.
New York, Jan. 29.-The Evening Posts
London financial cablegram says;
THE settlement has been satisfactorily
concluded. The tone of the stock markets
today was generally goods, consols leading.
English rails were the best market. Ameri-
cans were good. A further rise in Atch.-
son was the main feature. The buying
was OF the influential character. Northern
Pacific preferred was bought extensively
by Germany. All the best class of Ameri-
can bonds are IN good demand here. Brazils
were fat. a large state loan was offered
In Paris today. Mines were lower. The
Faris and Berlin markets were firm.
London, En-, Jan. 29.-Amer!can eagles
are quote, in the open market at 76s5i2d,
and by the Bank of England at 16SI12d.
Gold is quoted at Buenos Ayres today al
1880: Lisbon, 4llk; Rome. lN-C5. Amount
of bullion gone in to the Bank OF EnSiand
on baiance today $500.
Paris, France, AIN. 29-Three per cent
rentes 1887 for the account; exchange on
London 25f1oc for checks.
Berlin, Germany. Jan. 29.-Exchange on
London, eight days sight. 2on3Sl:pfgs.
LOANS AND EXCHANGE.
New York. Jan. 29-Money on call easy,
lIsa12. per cent; last loan, IL per cent;
closed offered at r@q1%i per cent; prime
mercantile paper. 3a4 per cent; sterling ex-
change steady. with actual business in
bankers bills al si.S7d4S71+ for demand and
8: SliiI 81: for sixty days: posted rates at
sss5G4.S. and slS7izG4Ss2; commercial
bills. 4si: silver certificates, 6i24 GS5l4; bar
silver, Gs3..
BANK CLEARINGS.
New York. Jan. 2.-Clearings. ssi.SSs, 1872;
balances, 81, 75s. So
Boston, Mass. Jan. Z.-Clearinss, Sl2.546,-
sl7; balances. sl.2si,5&.
Philadelphia, Pa. Jan 9.-Clearings, s.
$50, 80: balances. S.57S,oa.
Baltimore. Nd. Jan. 9.-Clearings, S.
80. SSS; balances, SSs7,lss.
ST. Louis. No. Jan. 29-Clearings, s3.765.-
a11; balances, s749. l72; money, 5G7 per cent;
New York exchange, soc discount bid; &c
discount asked.
TREASURY STATEMENT
Washington. D. c. Jan. 2a.-Today's state
ment of tee condition OF the treasury
shows: Available cash balance SD, IS, CO.:
gold reserve s;4i5c2sl2
BRADSTREETS FINANCIAL REVIEW
New York. Jan. es-Bradstreefs financial
review tomorrow viii say:
Extreme inactivity prevails in specula-
ton. The market from day 10 day has
been a mere affair OF trades ard the prin-
opal interest was afforded by the efforts 10
depress certain stocks. especially some OF
the anthracite coalers roads This result
ed in irresularity N the quotations, but in