The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-02-10
STOCKS AND BONDS
BEAR HOSTILITY TO THE INDUS
TRIALS CONTINUES.

Trading Professional and the Market
Very Much of a Waiting Character. the
Waiting Being Somewhat Micawber-Iike
Bonds Show Improvements.
New York, Feb. 9-The stock market
continued today to feel the influence of the
bear aggressions on the industrial stocks.
but he general list did not respond so sharp
" to this depressing effect and railway
shares held their own fairly well IN face OF
a market tending downward. That the
market is largely given over to the indus
| trials is shown by the fact that considera-
hly more than half the total shares traded
| IN were those of a few of the high-priced
| industr.als and more than one-th:rd OF the
| sales were of Sugar stock alone. The
movement resulted in decline in Sugar,
Tobacco and Rubber of 2ls per cent! Rub
Der preferred "a per cent. and Leather
per cent. All of these stocks suffered in
! common from the continued effect OF the
! legislative investigation of trusts, still pend
{ ing in this city. Sugar was also markedly
/ affected by further reports from Washing
/ ton that the protection on sugar was Ike
| ~ to be impaired by approaching tariff
| changes. Whatever affected Sugar imme-
diateiy and markedly affected al the other
J industrial stocks by sympathy. Tobacco
! was sold by inside interests. The trading,
even in these active industrial stocks, was
| almost wholly professional and the market
/ for other securities was stagnant and SEEM
| ingly waiting for developments, though of
| what is not clear to any observer. If the
waiting is for coming tariff changes it is
| strange that only the properties which viii
4, be Immediately affected by those changes
are dealt in IN any volume. With money
glut in the market, however, and specula-
ton almost a a standstill, il is certain that
investors are waiting for some develop
ments. There were signs today that some
encouragement was felt over the general
trade outlook and over the prospects for
railroads. In spite of the depressing influ-
ence on the market of the drive at the in
dustr:als and the stagnation in the London
market over the European political situa-
ton, which must have been reflected here,
the railway shares exhibited considerable
firmness and even advanced fractionaliy
early in the day. The enormous sale of
print cloths a. Fall River yesterday was no
small factor in the hardening tendency OF
the general list. This hardening tendency
in industrials and railways was also some
what affected by the news of the disrup
ton of the ST. Louis Eastbound Traffic as
ISOLATION by the notification of withdrawal
received by the Cleveland, Cincinnati, Chi
cago and st. Louis. The losses In the rail-
way list were irregular and only fractional
except in the case of Kansas and Texas,
which lost point Lake Shore was nota-
bic exception to the general trend OF prices,
and improved IL per cent. Other special
movements of stocks were: Manhattan,
which rose IL per cent Cater receding 1
per cent? on expectation of benefits to the
property from the proposed plan to have
the Brooklyn Elevated and Surface cars
cross the Brooklyn bridge. The bonds of
the Brooklyn Elevated roads rose on this,
Union firsts and Brooklyn firsts, and Sec
onds gaining 3 per cent each. Illinois Steel
sold down ~ per cent on rumors of con-
fct in the mama cement, and the less salts
factory conditions In that trade, but later
recovered on official statements denying
any conflict in the management or that any |
startling developments would occur at the
annual meeting tomorrow. Consolidated |
Gas yielded per cent on reports that bill |
was introduced at Albany for a municipal |
investigat ton TO ascertain the feasibility OF |
city ownership of gas plants. New York. |
declined 90 per cent from the preceding |
sale on liquidation caused by the passage |
OF the dividend on the first preferred stock. |
Reading was more active and lost q per |
cent and Reading firsts preferred l per cent |
on the unsettled trade conditions and the |
lqudation in the higner-priced coalers. |
which moved in common with the general !
list. The closing Of the market was weak |
with slight changes either way in the promi |
nent railways.
The total sales of stocks today were 49,
07S shares, including: American Tobacco, |
II, 200; American Sugar. 5000; Burlington
ard Quincy, 500; Louisville and Nashville,
g. 100; Missouri Pacific, 5000; Reading, $500.
The bond market generally displayed an
improved tendency and although heaviness
was apparent in some of the leading specu-
lative bonds, the general trend of prices
was toward higher plane. with changes
very significant in some of the investment
The sales were $4,000.
The government bond market showed a
firm tone on increased dealings aggregatng
sS3.coU.
FOREIGN STOCK MARKETS
New York. Feb. 9.-The Evening Posts
London financial cablegram says:
The stock markets were Idle today, in
view OF the general settlement which will
commence tomorrow. The tone was fat. !
The political disturbances are entirely
checking business. though leading financial
opinions do not regard the situation as real
" serious. and consols sold at 112is. Ameri-
cans were steadier than the other markets,
but Efeless The Paris market opened very
steady, but closed fat. The Berlin mar
ket was weak"
LOANS AND EXCHANGE.
New York. Feb 9-Noon: Money on call
rominally li-G2 per cent; prime mercantile
paper 4asis per cent; sterling exchange.
steady. with actual business in bankers
bills at S. s6ie IA. $3.50 for demand. and Slsps
64s4S. for sixty days; posted rates, SiSi2
ard S4S7i=TISS; commercial bills 8. s3le: 81
yer certificates 6i7sG651s. no sales; bar sill
yer Ca Mexican dollars 5e'4 government
bonds easier; new tours registered 122's:
,oupon 12oi.: SIS registered 1855; coupon.
l3ls: As registered 111Ss; coupon 112i4: twos
registered 95l.: Pacific skies OF 'sS. 1855.
BANK CLEARINGS.
Philadelphia, Pa. Feb. e.-Clesrings. So
81. 049: balances. 81 $50
Baltimore. Nd. Feb. 9-Clearings, se.s7i.-
IS; balances, sSei.o1s.
ST. Louis. Mo. Feb. 9.-ClearinCs. s4Inc-
-; balances s972. IS; money 5n7 Per cent;
lew York exchange sc discount bid; par I
sked.
TREASURY STATEMENT.
Washington D. c. FEB. 9.-Today's state
nent of the condition OF the treasury