The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-01
STOCKS AND BONDS
YEAR CLOSES WITH SHARE DEAL.
INGS AT A MINIMUM.
Evening mp Of Old Contracts Is the Chief
Business Fluct uations Trivial and Move
ment IrreSuIar-Railways Neglected
Depression in High-Pricsd Industriais-
General Market Closes Steady But Ex-
treme,y Dull-Bonds Quiet and Narrow
Governments Strong and Higher-Lsn-
don Market,


trems,y DuII-Bonds Quiet and Narrow
Governments Strong and Hisher-Lsn-
don Market.
New York, Dec 31-The year clos
ed on the stock exchange with typical
holiday speculation. Business was at
minimum and represented chiefly the
evening up Of old contracts. The fiuc-
tuations in prices We're trivial, as rule,
and the movement irregular. The dull
ness reflected the unwillingness OF the
traders to carry contracts over the holi-
day. In the high-priced industrials de-
preston was quite marked. The bears
depressed Leather preferred 21s per cent
and the common rs per cent on the news
Of the death of Mark Hoyt, the president
of the company. In the subsequent deal
ings recovery Of point occurred in each
stock on supporting orders. The early
declines in them encouraged drive
against the other industrial properties,
with the main object OF forcing out long
stock. Consolidated Gas proved yul-
nerable and fell 81 per cent, to 1874 per
cent, and Delaware and Hudson dropped
21s per cent on the theory of Vanderbilt
opposition to the payment Of unearned
dividends. Tobacco yielded "a per cent
on realizations, but later recovered half
Of the loss. The script was offered free
~ and left off 21h per cent lower or dis
satisfaction over the non-declaration Of
a dividend. Sugar suffered from the lack
of corroboration of bullish gossip and
Manhattan sold off sharply on prfit TAX
ing following the jump of is per cent on
the announcement Of the denial of the
motion to restrain the dividend, which
is payable on Saturday. Chicago Gas
late in the day developed exceptional
strength, rising IL per cent on covering
Long Island broke IL per cent, to 401s
per cent, but rallied to 43 per cent on a
transaction Of 100 shares. The general
market closed steady, but extremely
dull. Comparative figures show frac-
tional losses only in the railways, and
some material concessions in the special
ties.
The total sales OF stocks today were
S4,2CS shares, including: American To-
bacco $500; American Sugar 1900; Bur-
lington 5,4OO; Chicago Gas $500; Man
haitian $500; Reading $500; st. Paul, -
900.
The bond market was also quiet, the
fluctuations in the speculative issues be-
ing unusually narrow. The sales were
$9S6, 200.
Governments were strong and higher
on purchases of $50, 900.
FOREIGN STOCK MARKETS.
New York, Dec. 3L-Evening Posts
London financial cablegram:
The stocks markets were good today,
except, perhaps, Americans. Dealers
hoisted prices at the las. moment of the
old year, believing that the public will
come in early in January. AS to that,
W. c n nm hA rAAf- 10 bn, cd
is that the outlook for very cheap money
is not so pronounced as it was a year
ago, While, with the exception of mines,
prices are generally higher, and in some
cases at record quotations. The coin
and bullion in the Bank of England in
creased this week $4,000 pounds, Of
which $4,000 pounds was gold imported
for the week. the details being $4,000
pounds imported from Australia. 5000
pounds from Roumania and 5000 from
Portugal. The increase of 4,9i1, 900
pounds in other securities represents
market borrowings, but, inasmuch as
nearly all the figures in other deposits
are up, the return is much stronger than
expected. The reserve is up $4,000
pounds. The market probably borrowed
about 100000 pounds today from the
bank and this is not included in the re-
turn. Briefly put the position to date
this: During the last three weeks the
market borrowed 1o,O00, 900 pounds. OF
which only about one-half has gone to
swell the other deposits. AS cabled TO |
YOU December %, some of this borrowing !
will be spread over to the good of jan |
uary, but the bulk of it will probably |
be repaid before the middle of the month |
The Paris market was quiet and the |
Berlin market firm. II is believed that, |
in view of the conversion of the Rus |
san per cent loan in January, the none |
tary position in Berlin will be made cas- /
Ter. Certainly no rise in the Berlin bank |
rate is likely under ordinary circum- |
stances, and a reduction is more prob /
able
London, Dec 31-Closing: Consols for |
money Ill 3-4; for the account Ill ga; 1
Canadian Pacific 81 Is: Erie 10 IA; Erie |
firsts preferred 50 IA; Illinois Central 81 4
IL; Mexican ordinary % 1-2; st. Paul /
IS; New York Central 90 10; |
Pennsylvania SO Is; Reading IS II:
Mexican Central new tours 20 ga: Atch- |
ison IA 3-s: bar silver % 13-16d per |
ounce. Money 4 per cent. The rate OF !
discount in the open market for short |
and tire months bills 3-Sd1-2 per cent. |
The Bank OF England's rate of discount /
remains unchanged at 4 per cent. Amer
lean eagles are quoted by the Bank OF /
al 76s I'd and in the open mar
ket at 76s sd. Gold is quoted at Buenos
Ayres at 1s2 so: Lisbon SO; Rome 104 20. |
Paris, Dec. 31.-Thre per cent rentes
1c2f for the account; 81 1-2c for the
checks. Exchange on London 25f, &c
for checks.
Berlin, Dec. 31.-Exchange on London
eight days sight 20 marks IS pfennigs.
LOANS AND EXCHANGE.
New York. Dec. 31.-Money on call
easy at per cent; last loan per cent:
closed >. Prime mercantile paper IL
"A 1-2 per cent. Sterling exchange
steady with actual business in bankers
bills at s4.S6 1884 for demand and
"a. So 1884 for sixty days; posted rates
s4SG4s4 1-2. and s4S7Gi-sS. Com
mercial bills s4-s2 - Bar silver 81 rs;
silver certificates 6S065 l-2.
BANK CLEARINGS.
New York. Dec S1.-Clearings $685.
SIS. PSI; balances s7.es1.55l.
Boston-Claarings S,199, 2e4; balances
81. Se5, 03i.
notwithstanding ss.55o.145; bal
ances sl.350.3l2
Baltimore-Clearings s2.2os. s2S; balan-
res $346.7
ST. Louis. Dec. 31.-Clearings SS.31s.71s:
balances s527.S13. Money 5G7 per cent.
New York exchange - per cent premi-
I'M bid; 80 cents premium asked.
TREASURY STATEMENT.
Washington, Dec 3I-Today's state
nent Of the condition OF the treasury
shows: Available cash balance S227.615.-
81; gold reserve LBS. 946.l.S-
FEARS RANGE OF STOCK VALUES.
New York. DEC. 5i-The following
able shows the highest. lowest and final
,rices CT the principal shares for the