The Wichita daily eagle., 1897-11-12

Coal Trust Decision Was No Decision,
After AlI-Deaiings In Gas Stocks and
Railways.
| New York, Nov 11.-Stocks proved un-
| able to hold the gains OF yesterday and
prices today have declined TO an extent
| which practically wipes out oil Of yester-
days advances, net declines extending 70
a point or over in large numbers Of stand
ard active shares. The decHne of Amer
lean securities in London before the open
ing here caused weakness at the outset and
London was also quite an active seller il
this market all day. After quite stren-
uous resistance TO the decline just after
the opening the market gave way and
with the exception Of periods OF dullness
and s5ea6iness the course Of prices was
downward during the remainder of the
day. The London selling was quite fac
toy in the decline and the revised estimate
OF yesterdays decision concerning the anti
trust law by the appellate division of the
supreme court at Albany was also a de-
PRESSING influence. Apparently the con-
viction in Wall street that the law had
day and a realization that the validity of
the law had not been passed upon and
that incidental opinion expressed in the
decision rather pointed toward upholding
its validity materially weakened prices.
This weakness was especially manifested
in the coalers and the industrial special
ties and had something to do with the
sharp decline in Sugar, which at the ex-
treme amounted TO f1nve points. Sugar
was moreover weakened by special con-
s:derations, one of which was the proba-
bihty that the control of the Hawaiian
crop was about to pass to its competitors.
There was also some apprehension as to
tne final decision of the government on
the question of countervailing duties on
Dutch refined sugars question which
is the Subject of diplomatic negotiations.
The dealings in this stock were large and
the fluctuations in its price affected the
market by sympathy quite strongly. Con-
solidated Gas suffered one of its charac-
teristtc slumps of 61e points to 80 cents.
Sugar touched a price today fully point
lower than its previous low point on the
present movement but ii rallied quite
strongly a point in the closing transac-
tons. Peoples Gas, the successor company
to Chicago Gas, was markedly heavy
throughout the day and closed with net
decline Of nearly ~ point The south
Westerns were weak, Notwithstanding very
favorable showings of earnings for the
first week in November. That for Missouri
Pacific showed on Increase of sl66,0O0 over
the corresponding period OF last year and
Kansas Pacific an increase of nearly $780,,
001 Chesapeake and Ohio was the only
railroad to report a decrease for the first
week, which amounted to s14,243. The rail-
way list was weak throughout and net
losses of point or upward are Shown all
through the entire Est. The dealings in
Sugar were almost one-fourth of the to-
tai.
The total sales OF stocks today were
2S7, ,7OC.
BONDS
There was falling off in the bond mar
ket and prices declined in the latter part
C the day. The total sales We're s., 10000.
United States fours registered and the
new Eours coupon rose Il per cent and the
seconds and the new fours registered Il
per cent bid. New fours, 127A; coupon.
1274; fours registered 11274; coupon, 11324;
twos, 9SIk; fives, registered, and coupon,
ia; Pacific skies of '9S, 1o21z.
LOANS AND EXCHANGE.
New York, Nov. u.-Money on call nomi-
naliy 11aG2 per cent; prime mercantile pa
per- 31aG41s per cent; sterling exchange,
steady, with actual business in bankers
bills at s4S5l4 a. .S57s for demand and $i.s215
0i4.S224 for sixty days; posted rates s4.sS12
and AS512. Commercial bills, S4S1&.; silver
certificates, 5712G59; bar silver, 57&s; Mexi-
can dollars, 45
TREASURY STATEMENT.
WaShinPrOu Nov 11-TOlaV'S state
ment of the condition of the treasury
shows: Available cash balance, s9O3, los. .0oS,
gold reserve, SIS 0:5,0 ESQ.