The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-12-02
STOCKS AND BONDS
PRICES IN TIE SHARE MARKET
MOUNT STEADILY.

Close ID ut About the HSGnest ana the
Closing Tone IL Buoyapt-Net Gains
Exceed Point In Moss Stocks-sugar
Missouri Pacific, Tobacco. Michigan
Central and COttonseed Oil - Coalers
Come Later and the Changers aud the
General List Last
New York, Dec with only irsignif-
cant interruptions. prices tended steadily
upwards all day on the stock exchange,
closing about the highest, with very
buoyant tone. Net gains exceed point in
nearly all stocks. The advances at the
opening were trivial and trading was not
very active, but as the day advanced the
scope of the speculation broadened and
assumed a more aggressive and confident
tone. The strength Of the market develop
ed first in Sugar. and, spreading gradually
through the market, separate stocks were
advanced sharply one after the other before
the whole market took up the movement.
Missouri Pacific, American Tobacco. Mich
igan Central and Cotton Oil preferred were
among the earliest affected, in the order
strength, and it was not until the closing
hour that the grangers and the market
generally responded in any marked degree
Some of the stocks which developed most
activity and strength yesterday were some
what neglected today, while the rest of the
market rose to a proportionate level. The
bear element did not yield without a
struggle and was not driven to cover till
l1fa m ha d-,- 10 III ~
shorts materially aided the rise There
was no news of Importance during the
day. the bullish sentiment on the exchange
being rather a crystaliz:ng of several days
impressions. The successful conclusion OF
the Rock Island refunding scheme contin-
ued to be much talked of. as did the IA
vorable railroad statement for October.
The Burlington statement especially was
interpreted more favorably than yesterday,
the earnings reported being exceeded only
by those of September of this year The
small excess shown over the earnings of
October last year is due to the fact that
last years earnings for that month were
exceptionally large. The almost total SUBJ
s.dence of apprehension over the Cuban
question also had its effect There was
some awakening of outside interest mani
tested in the buying through commission
houses. This was not on large scale,
however, and the days rise was for the
most part due to the operations of a power
full combined interest. The stock of South
ern railroads showed a notable tendency 10
lag. 1t is significant of the dizziness of bus
mess which has prevailed in Well street
for some time past that stock exchange
seat which was offered at auction today
found no bidders and was bought in fer
81, 600 for the estate which offered il. II
should be stated in this connection that the
ownership of a seat does not carry with II
membership in the exchange without cleo
ton, and that the customary method OF
selling seats is through the officials of the
exchange. No impression was made on
the money market today by the periodical
interest and dividend disbursements
The total sales of stocks today were $780,
400 shares.
BONDS.
The bond market was strong and very
active, the speculative issues showing no.
table advances. Total sales today were So
$4,000
United States new tours advanced u per
cent hid; new tours registered and coupon
1885; tours, 1l2A; ex-interest, coupon. III;
seconds, esia; registered and coupon, 1141f;
Pacific skies OF '9s, ex-interest, 99S.
FOREIGN STOCK MARKETS.
New York, Dec. 1.-The Evening Posts
pondon financial cablegram says:
THE stock markets were quiet today, but
firm on the whole, pleasant feature be-
ing the rather smart rise in Americans at
the close. New York responded TO the I'M
provement and was bidding for leading
shares. Grand Trunks We're also strong
on the excellen; monthly revenue state
mem.
Great interest is shown here in Speyer
& Co.'S purchase of the new per cent
pncations on this side to join the syndi-
cate.
The Paris bourse was firm. The settle
ment there is going smoothly and ex-
charge is rising on the purchase OF the
foreign stocks in London.
The Bank of England is again beginning
to borrow from the market. This fact is
not generally known here.
"The Berlin market was steady"
LOAN AND EXCHANGE.
New York. Dec. Money on call easy
at 11z62 per cent; last loan, 1izG14 per
cent; closed offered at IL per cent; prime
mercantile paper, 1G31s per cent. Sterling
exchange, easy. with actual business In
bankers' bills, at s4.$2aGis6 for demand,
rates. ASid4G; commercial bills. sis2iz;
Silvs- certificates 5s12aSoc; bar silver. $3.50.
Icxican dollars, 461kc.