The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-29
STOCKS AND BONDS
FEW FEATURES AND DECIDED Alb.
sENoE OF NEWS.


ing Valley Improves, and the General
Market sympathizes Some-Foreigners
Incline Toward Northern Pacifics-Enect
OF Bank Clearings and Railway Earn.
tnga-Market Closes Heavy at Unim-
portant Changes-Bond Markets.
New York, Jan. 2s.-The stock market
today developed few features, and there
was a decided absence of news bearing
upon the general situation, aside from
the announcement that an agreement
had been arrived at by the Ohio sof:
coal roads, to be operative for one year.
The news did not exert as much influ-
.ncs as its Importance would appear to
warrant, owing to the Generalization
that has resulted from the savage and
ong-continued cutting OF rates and
prices. Hooking Volley scored decided
Improvement, however. The common
rose Ia per cent to- 1o4 per cent, and the
general mortgage SIS 81 per cent, to 75
per cent. The general market sympa-
thized TO a moderate extent. London
prices came higher and foreigners exhi-
bited a disposition TO purchase small
amounts Of the low-priced stocks, par
ticularly Northern Pacific, common and
preferred, which were stronger and more
active than for some time past The
traders appeared inclined to the bull
side. Satisfaction was expressed by the
bulls over the continued increase noted
IN bank clearings and the Improvement
IN the traffic earnings reported The
declaration Of the initial dividend on
Omaha common proved to have been tenn
porarily discounted, so far as the price
Of the company's securities was con-
;erned. The anthracite coal stocks were
helped by covering during the greater
part of the day, but sagged fractionally
toward the close, in sympathy with con-
cessions in the general list, due to reali-
cations. The market was very dull a.
intervals, but the light aggregate of
transactions was fairly well distributed
In the inactive spells occasional demon
STATIONS were made by the bears
against the high-priced specialties. Man
haitian doomed into prominence in the
l3te session and receded is per cent on
the accumulat, ion of rumors Of the prob
ability of large issue of bonds The
recent acquisition of the Second Avenue
surface line by the Metropolitan Trac-
ton interests was also advanced as a
Dear argument Transactions in the liz
active stocks were attended by some
wide fluctuations, particularly in Long
Island, which fell 2 per cent, to A per
cent. The grangers and high-priced in
dusirials moved within a narrow range.
Dealings in speculative bonds were on
lighter scale than usual recently. The
exceptions included Atchison adjustment
tours and Northern Pacific general
threes. The last mentioned securities
were taken largely for foreign account
at improved prices. The market closed
heavy at Unimportant fractional net
thanges.
The total sales of stocks today were
s.. sos shares, including: American Tobac
co 1000; American Sugar II, 100; Burling-
ton 1900; Columbus, Hooking Valley and
Toledo 5000; Manhattan Consolidated
s, 100; Northern Pacific preferred $500:
st. Paul 900; Silver certificates $4,000.
Tie bond market displayed aggressive
strength. especially in the gilt-edged is
Sues The movement was well distrib-
1trd and advances were scored ranging
from / 10 u. per cent.
Governments were quiet but strong in
tcne Oh sales of 100000.
New York, Jan 2S.-The Evening
Posts London financial cablegram says:
The maintenance of the bank rate to-
day had no effect. The stock markets
were good. Miners were better than for
some time past. Consols and other in
vestment securities were strong on cheap
money. Americans were the dullest but
bonds were steady The weekly Bank OF
rturn was a strong showing
The coin and bullion were up $500
pounds, all from home circulation. The
Increase in public deposits of lao
pounds means that the revenue is com.
ing IN fast. The decrease in other de-
posts is more than accounted for by the
pay ment of revenue taxes, and repay
mentS to the bank, as shown in the de-
crease OF 1873, 600 pounds in other securi-
ties. The reserve is up $4,000 pounds.
The Paris and Berlin markets are firm"
BANK OF ENGLAND.
London. Jan. 2s-The weekly state
ment of the Bank of England issued to-
Gay shows the following changes, as
compared with the previous account, i'll
pounds: Total reserve increase $4,000,
circulation decrease 100. O0G; bullion in
crease 694, 614; other securities decrease
49S, 900; other deposits decrease sos, 900;
public deposits increase LIZ, 600: notes
reserve increase S25, 0o0 Government Sc
curities show no change from the last
statement. The proportion of the Bank
OF Engiand's reserve to liability, which
last week was 52.14 per cent, is now
53. IS per cent.
LOANS AND EXCHANGE.
New York. Jan. 2S.-Money on call
N oroioaliv IIHSTo r>er cent. last loan Ia
per cent. closed offered at 1i2G1% per
cent; prime mercantile paper S@4 per
cent. Sterling exchange firm with ac-
tual business in bankers bills at S4.S76
"a for demand and al s4S5GA for sixty
days. Posted rates s4.S5i594sSi5; COM
merciaI bills SiS4 Silver certificates
65k0A; bar silver 6f 1-16.
BANK CLEARINGS.
New York. Jan. 2S.-Clearings sS7,ss9.-
549: balances S3942. PA.
Bosion-Clearings Sl4,G46,9e1; balances
1898, $40
Philadelphia-Clearings sS.707, AIS; bal
ances sl.502, sos.
Bsltlmore-Clearings s2,o66,625; balan-
ces $zS5.l62
st. Louis-Clearings $685., S6S: balan-
ces ssol,sS2. Money 5@7 per cent. New
York exchange SO cents discount bid; %
cents asked.
TREASURY STATEMENT.
Washington. Jan. 2S.-Today's state
nlsnt @. the condition OF the treasury
shows; Available cash balance, $3.50, 2sI,-
2S2; gold reserve Sl44,27S,15i.
GRAIN AND PRODUCE MARKETS.
CHICAGO.