The Wichita daily eagle., 1897-01-09
STOCKS AND BONDS
STOCK PRICES IRREGULAR AND 4
FIRM UNDERr0NE RULES.

Cuban Situation Remains Quiet. With Few
Signs OF Early Revival, and That Com
| forts thu street-Market Rises. Against
Some Foreign Sellins-Increase Noted
in Inquiry for Prime Investment securi-
ties Manipulation for Rise in the In
| dustriaIs Again Appears-Cioses Heavy
With Railways Losers.
New York, Jan. s-The movement OF
stock prices was irregular To-Day, but firm
| undertone ruled on the lack of disquieting
Cuban reports from Washington and ces-
sation of the bank failures in the north
! west Foreign dealers were disposed 10
sell leading stocks freely, but the Offer
ings. estimated az 15.000 shares, were Wen
| taken and prices advanced on covering ana
moderate commission house inquiry. Trans
actions n the speciaities were on a large
scale and the fluctuations recorded in that
| class were in most instances important.
The steady increase in the inquiry 1or
prime investment securities. which Is re-
fected in the large volume OF transactions
| II bonds and material advances in the GIT
edged issues, constituted an element OF
[ strength in the general market position
| The investment inquiry extends to Europe.
In industrials today, manipulation Tor z
rise was again apparent, but the movement
! in the railroad stocks was qu-eter. Ihe
| coal shares ruled feverish and lower under
| the influence of the Delaware and Hudson
dividend episode, but the low-priced shares
were in fair demand The decision IN IA
vor of the American Spirits company IN re-
CORD to standing contracts involving ST.
| $50, ,000 influenced activity and strength IN
| the shares, the preferred rising l12 per cent,
| 10 29s4 per cent. The absorption OF the
Corbin interest in Long Island by the Pratt
estate and the formation of a syndicate to
improve the financial and physical condi-
ton of the property caused an advance OF
1 per cent in the stock, TO 30 per cent. Man.
haitian was raided around midday and
yielded IL per cent on the report. filed at
Albany, showing a decided increase in the
statistics of passengers carried by surface
roads in the state. The general market
also sagged slightly, but the reaction was
soon checked by manipulation in Sugar,
which carried the price of the stock up 12s
per cent, to 1i2i2 per cent, on large trans
actions The conflict with the Arbuckle
interests has encouraged the creation of a
large short interest, which is on the alert,
however, ready to run on indications of in
side support. Delaware and Hudson, which
had previously fallen IL per cent, rallied
a substantial fraction and the grangers
also displayed some improvement. Ma
tional Starch first preferred, which has been
neglected for long time. jumped 534 per
cent, to 62 per cent, with a subsequent de-
preston to 50 per cent. The afternoon
speculation was largely centered in Sugar,
which figured for 4i,000 shares out of an
aggregate for the day of 10000 shares.
Prolit-taking in the late trading forced gen.
eral concessions. The closing was heavy
At slight net losses in the railroads.
The total sales of stocks today were 150,-
$40 shares, including: American Sugar A.
600; Burlington L, 800; Louisville and Nash
Vile 4.9G0; Manhattan Consolidated 800,
Reading 6,7O1; st. Paul 1920: Tennessee
Coal and Iron 500; Union Pacific 65O0;
Wheeling and Lake Erie 4000
The bond market ruled fairly active and
values made further substantial gains in
most instances. The dealings in the usual
ly inactive issues are increasing and at i'm
proving prices generally. DeBardelaben
coal skies were conspicuous for decline
to s11a per cent, as compared with 81 per
cent, the last preceding sale, in December,
1885, The sales were 81 1,362, ,Oco.
Governments were quiet but trife high
er for the new As. Sales were $500.
FOREIGN STOCK MARKETS.
New York, Jan. s.-The Evening Posts
London financial cablegram says:
Miserable weather and the lack of pub
lie support depressed the stock markets
here today. The only feature was rise
of points in Bank OF England stock, on
expectations of increased profits for the
past year. as a result of recent loans by |
the bank, and also of the profit on the sales
of American eagles for last autumn. Ameri- |
cans were steady. Uruguay securities were !
fiat and mines duh. Spanish exchange on
London shows marked improvement. An |
important large deal in Turkish stocks is |
between Paris and a London 1
bank. If true, tfR price at which the |
French institution has bought reflects ia
vorably OF Turkish prospects. In Paris |
the market was firm and in Berlin steady"
BRADsTREETS STOCK REVIEW.
New York, Jan. s-Bradstreet's review
Of the stock market tomorrow will say: In |
point of activity the first week of the new
year has proved a disappointment TO Wall
street. Not only have transactions con-
t:nued to be on a very limited scale, but
the quality of the actual trading has been
entirely professional. To compensate for
this, the tone has been, on the whole. very
strong throughout, prices having eyinced a
disposition 10 advance where any lttie en-
courd cement was presented for so doing.
while bear interests endeavored 10 test the
market from time to time, and even sold
stocks 10 some extent. The impression
produced, however, small, so far as the
general list was concerned, and though
he chief incident of the week was the re-
iuction of the Delaware and Hudson d.
sideid rate from to per cent, with de-
,ided decline in that stock, its influence on
he anthracite group was limited The
strength OF the market as whole was at
ributable. in the main. to a belief that the
,uban agitation at Washington had been
worm out. and 20 the reports from that city
arIy in the week indicating that the reso-
utions recognizing Cuban belligerency
would not be pressed further in the senate. |
.ater on there were rumors that futher ef-
orts would be made to revive the question |
nd TO this fact the street IS inclined TO |
ttTibute the hesitation of the public to |
AXE part an the stock market and the
qually apparent disinclination OF the large .
interests TO adopt any aggressive specula-
i've policy with reference to the properties
With which they are financially Identified !
lore or less stress is laid upon the some
yhat better results shown by the latest re-
orts OF railroad earnings and the news
4 the southwest that corn IS moving more
RELY. which has an appreciable influence
pom some Of the granger stocks. Europe
as been Inactive. and as money rates in
.ondon have failed 10 weaken with the ad-
ent of the new year. there is no expects-
on OF assistance from that quarter. For
ism exchange is higher. Use being natur-
at this time, but speculatiyely the fact
as no particular effect The bond market