The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-15
STOCKS AND BONDS
SHARE EABKET IN FIRE. TONE AND
UPWARD MOVEMENT.
Little News Of General Importance-1die
Money PiiInS up Steadily Produces Con-
ditIons Which are Ipstrumentsl in Set
ting Shorts to Covering-Railway Deal
ines on = Triflins Scale Chicago Gas
Advances and Sugar Gains Two Points
Atlantic and Pacific Inf1urneed by Set
Element Rumors Closes at Top Level.

New York, Jan. 14-The stock marke.
today was for the most part extremely mar
row and professional, but with one or two
exceptions the tone was firm and the move
ment of prices upward. There was little
news Of general importance, but the trad
ers appeared TO favor the inside. Higher
London prices for American securities and
buying for that account here, and the en-
larging investment inquiry induced by the
steady p:lng up of idle money, were partly
instrumental in causing the bulls to force
covering by the shorts in a number Of the
specialties. In some stocks of this class
also there was continued liquidation. but
the declines were confined TO the particular
properties involved. Dealings IN the rail-
way shares were an a trifing scale and,
aside from Manhattan, Wheeling and Lake
Erie, and Long Island, the fluctuations
were fractional. Chicago Gas advanced
15s per cent, to IA per cent, on what was
considered inside buying. Sugar, on COW
ering. pure and simple, gained 2 per cent,
to 1135s per cent The reports IN circula
ton regarding the negotiations for set
Element between the Atchison and the At
lantic and Pacific companies galvanized
the stock and bonds of the last mentioned
line into comparative activity, at triflinS
gains. In the last hour the general market
was more spirited than at any time in the
day. The closing was strong at the top
level, with comparative figures showing
sharp fractional net gains.
The total sales of stocks today were 49,
$50 shares. including: American Tobacco,
1890; American Sugar, g, 200; Burlington,
800; Chicago Gas, 1o,1o0; ST. Paul 1900;
Wheeling and Lake Erie, 11,900
The bond market continued to advance
on increased and well distributed dealings.
The inquiry for glt-edged issues is very
good with the offerings light The sales
were s1,5s5.0O0.
Governments lacked feature but were gen
orally firm on transactions of $1,000.
FOREIGN STOCK MARKETS
New York, Jan. 1.-THE Evening Posts
London financial cablegram says:
THE stock markets showed general i'm
provement today, consols leading on easy
money. The reason for easy money is
party contained in the bank returns
Another reason is that French balances
here just now are somewhat large Home
rails recovered on better dividend announce
ments. Americans were steday and mines
were good. The Paris bourse reports very
steady. and the Berlin market is weak
hOiiuOai. Jan. lf.-CtOSlnG-COnSOIS
Tor money III 1916; for the account 112: Ca
madam Pacific 57Ssis Erie 1915: Erie firsts
Sf12; Illinois Central $50: Mexican ordinary
233a94; st. Paul common 76is; New York Cen
trail ex-dividend 96A; Pennsylvania 531s;
Reading 1874: Mexican Central new AS 62lo:
Atcbison 142s; bar silver % 11-16d per ounce:
money per cent: the rate of discount in
the open market for short and three-month
bills 3 per cent. Bar gold is Quoted at rs
Id. Gold is quoted at Buenos Ayres to-
day at 1850; Lisbon 39I.; RoIae Ioi.15. The
Bank of England'S ate of O.. cCun: remains
Unchanged, at per cent.
Paris, France, Jan. ii.-Tnrce rer cent
rentes lG2.Hi.c for ne nrco.E.: exchange
on London .5f22c for checks,
Berlin. Germany, Jan. H.-Exchange on
London eight days sight 20m3Spfgs.
LOANS AND EXCHANGE.
New York, Jan. H.-Money on call easy
at 1lsq2 per cent; last loan Ia per cent;
closed offered 1laG2 per cent; prime mer-
camille paper 317Q4 per cent; sterling ex-
chaonge firm with actual business in bank
ers bills at A.S1zd401s for demand and
81. siS4 T4.So for SO days; posted rates $3.50
1854 and $4SSG4.sslz; commercial bills Si.S3
&; bar silver ss silver certificates $3.50
BANK CLEARINGs.
New York, Jan. H-Clearings, s97, 49,. 62S;
balances 81. 9SS, 733.
Boston, Mass Jan. H-Clearings, s15.7s1,-
800; balances Sl,425,566.
Philadelphia Pa, Jan. H.-ClearingS So
sos ssi balances s1,s7o, 233.
Baltimore. Md, ain. H.-Clearings s2.27O,-
III; balances sos, 434.
St. Louis Mo-, Jan. 14.-Clearings S,461,-
231: balances s7S0,Os1; money 7aS per cent:
New York exchange SOC discount bid; &c
discount asked.
TREASURY STATEMENT
Washington, d. c. Jan. 14.-Today's state
ment OF the condition of the treasury
shows: Available cash balance SIS, 326, 2l7;
gold reserve S14oG07, 749.