The Wichita daily eagle., 1897-12-24
STOCKS AND BONDS
SHARE MARKET RALLIES FROM ITS
DULLNBSS AT THE LAST.

Days Business LargIy in the speciaities,
Gas and Street Railway Properties, In
Additions to sugar and New Jersey Gen.
trail Taking up a Large Share OF the
Largest Gains-CaIl Money as High as
and Never Below 3 per Cent-Further
Fall in Sterling Exchange
New York, Dec. 2-Several factors COM
bined IN the last hour of trading on the
stock market today to lift it out of the
dullness and depression which had been
its character all day and to raise prices
quite sharply. One OF these factors was
the subsistence of apprehension earlier in
the Cay, caused by the closing of the
Chestnut Street Bank. Philadelphia. The
Vanderbilt roads failed to make any sub
stantial recoveries from yesterdays depres-
sion, on account of the unfavorable quar-
terly statement. Lake Shore was bid down
2 points, but without any transactions. The
days business. however, was largely alb
eorbed by the specialties, under the infiu-
ence of special causes Third Avenue gain
ed points on top of yesterdays rise Of
6 paints. Metropolitan Street Railway rose
an additional points and Manhattan as
much. Brooklyn Transit, Sugar, Peoples
Gas. and New Jersey Central are over
point higher. These securities not only
snow the large gains, hut absorbed the
greater part of the days business.
Cali money loaned as high as per cent
and did not yield below per cent There
was further fall of 4 IN the actual rate
for demand sterling and og u for cables
and long sterling. Demand sterling was
a. the lowest point touched since the gold
import movement in September. namely,
s4S4I4. The rates for money in London ami
Berlin are stiffly held and some apprehen>
sion of a squeeze before January l, is re-
ported from London. This serves to offset
the weakness IN the exchange rates.
Total sales of stocks today were 2l2,-
go shares.
The bond market was heavy. Total
GALES. N34o,om. United States fours, and
cid fours. registered. are 4 lower than the
lives coupon v lower bid. New fours, reg
istered and coupon, 12ss: fours, Il2s.: cou>
pom, n42z; twoe, ssh; nves. registered,
lfz; f1yss, coupon. t+4sl Pacific skies of
'9S, 1925.
FOREIGN STOCKS.
New York, Dec. 23.LThA Evening oPst's
London financial ooblegram says:
The stock markets here were Efeless to-
day. Consols were adversely affected by
politics and dear money. rise In the
bank rate next yeah would not be wholly
surprising. There was q further sharp fall
today in China and Japan stocks; but
Spanish and Turkish stocks were distinctly
better. Kafflrs were good except the Char
tered companies, on runors OF a further
million of new capital.
Americans were good on New York buy
ing, feature being the demand for coalers
but the close was under the best Grand
Trunks were easier.
"Details of the gold movement for the
week show the sale of 10000 pounds in
eagles for Germany, the sale of 26,eO0
pounds in bar gold, the engagement of
10000 pounds nom!nally for South America,
but probably for the continent, and the
receipt of $4,000 pounds from the Cape"
LOANS AND EXCHANGE.
New York Dec. 23-Money on call noui-
nally 364 per cent Prime mercantile pa |
per, 313@4 per cent. Sterling exchange. |
steady. with actual business In bankers |
bills at s4.S43kG4S49s for demand and at |
4.slIzGfi.slss for sixty days; posted rates, |
S4S2l5Q4.S3 and 81. 4.S51aa4 Sc; commercial bills |
4.So'zQ4.S; silver certificates. 5s%.Q57; bar |
silver, 572s: Mexican dollars, 45as
TREASURY STATEMENT.
Washington, d. c, Dec ,2S.-Today's state |
nent of the condition Of the treasury /
SHOWS; Available cash balance, s2S7, ,15o-
80; gold reserve. $159, 40, 725.