The Wichita daily eagle., 1897-12-22
STOCKS AND BONDS
BUSINESS IN SECURITIES DULL,
AND THE MARKET sAGS.
Northern Pacific Fails Away on Realiziu e
Dividend-New York Central Stock
ec.ders DIsappointed-Londop Sells all
-Coalers Tend to React - Sugar aud
Manhatton Erratic and Weak-Market
Narrow and Inactive,

New York, Dec. N.-Business in securi-
ties was for the most part intensely dull to-
Cay and prices sagged from inaction. The
slost notable movement IN the railroad Est
was that in Northern Pacific preferred
winch teii away a point on large realizing
saies induced by the payment of the div
ioend OF ! per cent which was taken off
the price today. Quotations from London
and from the German bourses. where this
STOCK is speculative favorite showed that
Inc realizing movement was in force there
also and there were sales of the stock in
this market for foreign account. The
statement of earnings for the second week
IN December also encouraged the sellers
with Its increase of less than 10000 over
the corresponding week in last year. as
compared with the increased of over slOO-
to in other recent weeks The stock raj
ned a fraction before the close. The failure
OF the directors Of the New York Central
10 increase the dividend above the quarter
~ rate OF per cent caused dsappoint-
ment 10 holders of that stock The state
hent for the last quarter was also consid-
cred disappointing, the gross earnings show
ing only a Slight increase over last year,
and falling off over $4,000 below those for
the corresponding period in 7S9. London
was a moderate seller in this market of
all the international stocks. The coalers
showed tendency to react today on trad
ers realizing and New Jersey Central was
al one time IL per cent below last nights
Close but 1t rallied 2 points and its final
price was only fractionally below yester-
days close. Sugar and Manhattan moved
III d rather erratic manner, but were weak
metropolitan Street railway on the other
hand, was strong on talk of a compromise
agreement with its principal cobpetitor.
Inc declaration of serni-annual dividend
OF ~ per cent on the first preferred stock
OF 81 Joseph and Grand Island lifted ,+s
price over per cent, and aroused de-
tland for other securities of that counanv
Inc tone Of the money market continued
unsettled today. Loans were reported d1,.
ring the day as high as Der cent hut |
at the close Of the market there was Soma
ohered down to per cent and an aetna, |
transaction was reported at that figure |
MS sudden weakening Of call money had |
az iiiiuonce on The prices of stocks, which |
'. ~eie weak and declining at the close Ster- |
1iHs e&cnanse also responded to the stiff |
ness IN the money market with a decline |
OF "a per cent in the usual rate for de-
1nand bills, and Of Il per cent in the nrice
mere was also significant falling in tbe
7rlce or government bonds the new fours
and the hves falling v per cent in tbe
% price. The market was exceedin,J,,
narrow throughout the day and many m
au '-'' move aL
- Inc total sales Of stocks today were 49,
700 Shares. -O''-
BONDS.
inc bond market showed a larr. falling
"a ~ IN ACTIVITY and prices majority of
ne issues dealt in showed losses. Total
sales were a,l5o,o0o
FOREIGN STOCKS.
HOndoh Dec. 1.-THE market for Anar-
can securities was lower today owing IN | I
oescre among holders to realize
rev York, Dec. A.-The Evening Pos,,s
@ondon financial cablegram says:
ne STOCK markets here were idle and
'uA tooey, the usual disposition of the
iosins OF accounts before the end Of the
ear oeing assisted by the political s:tua-
,1ioh IN the far east. There was a fur
-,ei ehdrp raII In China and japan loans
-'a cans were dwindling in the alb I
VI ne" YORK support and closed fat.
,s+,eS 0ahadan Pacific and Northern .
,aclhc preferred. A feature was tbe +
|
ue 10 speculation for a fall, the business
aVlng been overdone, and TO dearer 6
money The India banks of Bombay and :
'ensal nave raised the rate OF per cent :
Aa the Bank Of England has raises its {
ate Tor toan for the market to u Der cent
large sum was loaned today" &
Far1s, Dec. N.-On the bourse todav b,,s
Iess opened weak owing TO the ahsenca T
transactions ana In the face of the nm 8
In the far east. Later the bear.
oVering somewhat supported the marie.
Ut afterwards theirs was a heavy dacIins
Italian stocks which unfayoratJv ,r-
uehced International securities.
LOANS AND EXCHANGE
Ne" YORK, Dec. H.-Money on can eas,sr
- per cent; last loan. per cent; closed
tEred per cent; prime mercantile panar {
2g412 per cent. Sterling exchange weak
ien IN actual business in bankers bills AZ =
,e19saiS4+ for demand, and at s4s1a.7 u
y for sixty days; posted rates. 81 ss6,4 sstk
aa st-SogiSSl9; commercial bills. a1T =
sI's- Silver certificates. 56s. dS7s,c. har y y
i'ei' 0oSc; Mexican dollars, 45ssc. =
LIVE STOCK MARKETS z