The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-02-03
STOCKS AND BONDS
SHARE VALUES SAG, APPARENTLY
on TOTAL LACK OF INTEREST.

Day without special Features, Except
Negatively. by Contrast with the Past
Few Days = Notable Dealings In North
ern Pacific, Which Closes at the Lowest
of q Deciine-Westera Union Affected
and Buriiuston Doun-Foreign Operx-
ti0us-keactiou in Bonds.
New York. Feb. 2.-Heaviness and dull
ness characterized ne dealings on the
stock exchange throughout the day, and
prices sasged IN a detected manner, APP
rarently from total lack OF interest in the
market. The day was without any specia.
feature. except as it vas in contrast with
the activity and buoyancy Of the latter
part of last week, and the comparatively
large dealings of yesterday. The principal
dealings of the day were In Northern Pa
CHIC shares, as has been the case for some
time past. The report that the underwTit-
ins syndicate had disposed OF large block
| Of stock and other securities OF this COM
pany to German capitalists and that an op-
d
same purchasers induced the selling of the
preferred stock down II. per cent, 10 S1Ss
per cent. There was some support develop
ed at the lower figure and the decline was
| checked, followed by a rally of a fractional
amount. But in the final half hour the
preferred stock declined again and closed at
SIS per cent, the lowest figure Of the day.
In addition 10 the weakness In Northern
| Pacific there were some special causes that
| led TO declines in a number OF the high
priced specialties. The most notable of
| this factor in the days situation was Wes-
| tern Union. which sold off a point and
| half on fears as TO the effect Of the In
diana state law taxing telegraph companies
| whose consttut.onaliIy was affirmed by the
| supreme court yesterday. Tobacco also af-
| forded a leverage for the decline through
its falling off of IL per cent on apprehen-
sion over threatened litigation against the
| trust. Sugar was sold on Washington ru-
| mors of impending tariff legislation which
would affect the different.al in the tariff
on raw and refined sugar. Burling was
depressing factor and fell off on Boston
selling and an apprehension of An unfav-
orable December statement induced by the
delay in the issuing of the statement. The
decline in these stocks. due to numerous
special causes, threw something of a dam
per on the market and encouraged an at
tack al along the l:ne. The consequence
was that prices showed a tendency to de-
| cline and the professional traders IN North
ern Pacific and the other stocks affected
FASTENED to take profits on their holdings.
The heavy deckne in New York, New Ha-
ven and Hartford was as a feature of the
daily. the extreme decline registered being
quent recovery of per cent. The decline
was attributed to fears of reduction of
the dividend to be shown by the fortheom-
ing quarterly report. The anthracite coal
stocks moved in common with the general
list, the range. however. being less marked
than heretofore. Illinois Steel was a suf-
ferer by decline of per cent on the less
favorable situation of the trade In spite
of the general sagging tendency OF the
market, there were substantial gains in
some of the gilt-edged securities. showing
renewal of investment purchases and a
good supply of money for use. London
opartions were fairly large. mainly for the
short account. Transactions in bonds were
on a smaller scale, prices declining in SYM
pathy with the stock market. Round
amounts. however, of the principal issues
were taken for the continental account.
The total sales of stocks today were 115,-
ga shares, including. American Sugar 1900;
American Tobacco 400; Burlington II 800;
Chicago Gas 800; General Electric $50;
Louisville and Nashville 900: Northern Pa
cific $500; Northern Pacific preferred 2s,s00:
st. Paul 400; Western Uion 500.
The bond market displayed a reactionary
tendency on realization by the traders, the
dealings being largely centered in the specu
lative issues, with irregularity noted at
intervals. The losses generally were re-
stricted TO fractions. although decided gains
were made in some instances In the high
grade liens. The sales were s2.S7S.000.
Government bonds were neglected at the
board, with bid prizes showing some sigh:
concessions. The dealings over the coun-
ter, however, were very heavy on out-of-
town orders from banks and individual
capitalists.
FOREIGN STOCK MARKETS.
New York Feb. 1.-The Evening Posts
London financial cablegram says:
The stock markets were irregular today,
with a rather firm undertone Argentincs
were dull on the sharp rise in the gold
premium in Buenos Ayres. Consols were
firm on cheap money. Mines were good or
Cape buying. A feature was a rise in Tn
tons in copper statistics on Paris buying.
Except for Central Pacifics, Americans
were fair and above the New York parity.
but the close was under the best The
mail just arrived brought a better supply
OF American bills. The Paris bourse was
quiet. except for Tintos and DeBeers mines
which were good. The Berlin market was
steady. Half million pounds in japanese
money has been transferred to London
from the Reichs bank"
LOANS AND EXCHANGE
New York. Fen. Money on call easy
at IL per cent; closed 1izEf2 per cent; prime
mercantile paper 3a4 per cent; sterling ex-
change steady with actual business in bank
ers bills at Asslze4.sss< for demand and
ASizd4s4s. for sixty days. posted rates
As5d4.S s. and S4S7l-a4.ss; commercial bills
81 sSiz; silver certificates a. 4SL4: bar sill
YER CAS-.
BANK CLEARINGS.
New York Feb. 2-Cleariug sii2la3ls;
balances &l0.3s5.7so.
Boston. Mass. Feb. 2-Clearinzs 81. IA
s75; balances slSs7.l35
Phelidelph,a, Pa. Feb. 2-CIearings S.i,-
81. SOS: balances t2.7e753,
Baltimore, Nd, Feb. 2-Clearinzs BILL
2ls; balances si32,5S
St Louis No. Feb. 2-Clezrings ISo.-
So; balances r,1z1. 4s.
New Orleans, La, Feb. 2-Clearngs 81
c4, 5h.
TREASURY STATEMENT.
Washington. .. c. Feb 2-Availzbie