The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-06
STOCKS AND BONDS
BUSINESS IN SHARES Is OF
SLENDER PROPORTIONS.

Movement esulnr and the Market Almost
StaEnznt at Times-Uncertsin'y As to
Congregational Action on a Variety of
Matters Continues Check to Specuia-
tive Daring-Noondsy News From Wash
inston Favorable to POsiponement OF
Action on Cuba. aud Rise Ensuer-Cio-s
Strong, Many Stocks showius Gains
New York, Jan. 5-Business N stocks
was a gain today of very slender proper
tens. with an irregular movement, and the
market frequently borded on stasnation-
In the forenoon session lower prices were
current, on moderate pressure against the
specialtses. The losses scored were not e1-
tens.ve, however. as the traders. partly or
account OF the lack OF pressure OF long
stock. were indisposed to commit them
selves to any important extent upon The
short side. Uncertainty regarding the at
titude Of congress on the Cuban and otAer
important considerations restricted ven
lures upon. the long side, and hence the
speculative apathy. More favorable eXhi-
bits of railroad earnings were followed.
about 1870 p. m, by Washington advices
announcing a postponement Of acton on
the Cameron resolutions. and general up
ward movement resulted. IN which many
leading stocks scored gains. Washington
touses were conspicuous in the rise Inc
Improvements in the specialties were en-
cept.onaily large and the gas stocks were
more prominent than for some time past.
Consolidated Gas jumped So. per cent. 10
1928 per cent, on covering OF shorts. The
reduction OF &c per pound in the price OF
Battle Axe plug tobacco. the fighting brand
OF the American Tobacco, after the recent
confident stories of a mere pacific under-
standing between the company and the
outside manufacturers. encouraged q raid
on the stock. forcing the price down II.
per cent. Insiders were the buyers at the
low level and the loss was soon rega.ned
Union Pacific doomed into prominence on
purchases attributed to reports suggestive
OF developments favorable 10 the company
in connection with funding operations. The
grangers and sou -hwesterners were also
conspicuous in the advance and Louisville
and Nashville rose is per cent on the i'm
proved earnings for the last week OF De-
cember In the afternoon some moderate
bursts of activity were noted. particularly |
in the low-priced stocks. The closing was
strong, with comparative figures showing
Improvements of a point or Whereabouts in /
many stocks.
The total sales OF stocks today were 106.- I
554 shares including: American Tobacco /
500; Burlington 10. 400; American Sugar H. (,
zoo: Louisville and Nashville 400; Reading !
500; St. Paul L 100; Wheeling and Lake /
Erie $500.
There was an increase in activity IN the /
usually neglected railroad bond issues. ard 4
higher prices were generally recorded. Sales /
were s1,157,C00. The principal gains ranged 4
from to 2j2 per cent. The declines ex- /
tended from / TO 3 per cent.
Governments were weak and lower on /
proit-taking. The sales were 49, 500.
FOREIGN STOCK MARKETS.
New York, Jan 5.-The Evening Posts /
London financial cablegram says:
The stock markets were lower today, con- /
soils leading the decline. The reasons were I
the absence of public support and fears of /
dearer money. cabled yon in December I
that early January would probably show /
a fictitious ease in the money market Now 4
that all the money is very plentiful. follow !
ing the release of government dividends. 1
the decline in the discount rates is percelv- /
ed TO be overdue. Americans were easier. 1
The continued bank failures in the United /
States are lettering purchases here though 1
not causing pressure to sell. Argen;ines /
are the only firm market, but al the close 4
most prices were above the lowest Gold !
was bought today for Russia and Spain. !
The Paris bourse was firm and the Berlin /.
market quiet. 4 further decline In money 1
is rUmored from Berlin. The Bank OF Ger
many's rate may go to ~ IN a few days.
H. T. - T. 4
at as 10a.d
LOANS AND EXCHANGE.
New York AIN 5.-Money-Money on call
easy at III per cent: prime mercantile paper
31g4il2; sterling exchange steady with ac-
tual business in bankers bills at 81 $3.50
ASH for demand. and 4.S3i2q7i s314 for SIX
ty days; silver certificates siasGs5i4: bar
silver 6i2.: Mexican dollars 5O4.c.
BANK CLEARINGS.
Philadelphia, Pa, Jan. 5-CIearings sl5,-
So, 1886; balances 81. 81. H9.
Baltimore, Nd, Jan. 5.-Clearings 1884
5l5; balances S33, T0s.
ST. Louis. No, Jan. 5.-Clear.ngs 8. 49,
1s5: balances sSs7.15L Money on call 5g7
per cent. New York exchange par bid, sc
premium asked
TREASURY STATEMENT
Washington, d. c, Jan. 5.-Today's state
nent OF the condition OF the treasury shows
cash balance So, g, I34; gold re-
serve sl2s 1851.
MINING STOC KEXCHANGE.
New York. Jan. 5-The new mining stock
exchange. situated al A. New street, was
formally opened for business today. After
opening addresses by President ". G Dor
hin and others. the call was made. and trad
ng began. About twenty-seven stocks
we're called, not all OF which were listed,
however. There We're BIDS for everything
IN the list, but transactions were made IN
My two stocks. The first sale was OF 100
shares OF the Red Mountain Mining COM
'any Of San Juan. Colo, az IS. and 100
hares OF Russell stock. North Carolina
nine, were sold in four lots. all az %. The (
tocks called but not all hs:ed. included: ,
Argentum. Anaconda (gold). Eagle. oGld !
ixplora ton. Golden Fleece. Gold and Globe ,
ISABELLA. Capital. Mount Rosa. Nercur,
Portland Pharmacist, Union, WORK. Elk
on, Cold CEn, Red Mountain and Russell. . {
There Till be additional lstings. The mem
'ers are connected with the New York
tock exchange. Applications have been
made abroad 10 have the Kaffir. South
African, mines listed IN the near future. I
SOne OF the stocks that VII be traded IL !
Re dealt IL on the New YORK Stock ex- :
czOnse. :