The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-28

fhracite CoaIers the Weak Features
Weak With Losses-Demand for Gsv.
eminent Bonds-Other Bonds Weak.
New York, Jan. 27.-Stocks were again
limited as to the volume of bushes and
The anthracite and bituminous coal deal
ers attracted the main interest. The deal
Ings generally speaking, were poorly dis
tributed, and even the coalers were only
comparatively active. The regular rail-
way shares, aside from the grangers. were
unusually dull. In the group mentioned
small increase in st. PauFs net earnings
for December proved more favorable ex-
hibit than had been expected and i'm
parted frmness, on the theory that the re-
turns of the other grain carriers would
also show Improvement. The protracted de
lay in perfecting settlement of the differ
ences of the b.tuminous carrying compa-
MES, and runors of a probable abandon
ment of the negotiations, together with
continued suggestions of the financial en-
barrassment Of the Hooking Valley road,
encouraged drive by the bears, which
forced the common down 22l per cent 10
Z per cent; the general mortgage SIS Sl2
per cent, to S6 per cent, and the 6's 6l2
per cent, to 65 per cent. The securities
were absolutely without support owing 10
the news that loans in which they had
figured were being thrown out. The stock
subsequently rallied ~ per cent and the
Os "a per cent. near the close, on inside
information that the company had made
a six-months loan. avert:ng all danger of
am early default in interest. The news did
not become public until long after the
close of business. The anthracite coal
stocks, on relatively light dealings, were |
the weak fea lures and there were ind;ca- |
tons OF selling that did not emanate from |
the recent bear quarters. Disturbing ru- !
mors in reference to Delaware and Hud- !
son were in part borne out by the figures /
Of the preliminary annual report, hsowing |
only a slight fraction earned on the stock /
fr 1896 over the reduced per cent dividend /
declared recently for 1897. The report did |
not come 10 hand until few minutes be-
fore the close. A net decline of 1 per cent |
occurred IN the stock. London operations
In stocks were unimportant. A feature of
the dealings was a heavy demand for gov
ernment bonds for investment account.
Two blocks Of $780, 900 each of the new cou-
pom As changed hands at 1884 9612Sss per
sent. The pressure against the general list
was quite severe from the closing dealings
upon Sugar. Burlington and
The closing was weak with
slight net losses generally.
The total sales of stocks today were
a9, $50 shares including: American To-
hacco 4,0C0; American Sugar, 13. no; Bur-
l.ngton and Quincy 1850: Chicago Gas,
100; Columbus. Hooking Valley and Toie-
10. e,100; Delaware and Hudson. 1850;
louisville and Nashville, 1850; Manhattan
$500; Northern Pacific pre-
ferred, 400; Reading, 3.40o; st. Paul, H.
io0; Silver certificates. $4,000.
The bond market was weak and without ,
feature aside from the slump in
Hooking Valley issues. The sales were
B. 2s7, 600.
Governments were strong, with dealings
confined to $4,000 of the new coupon IS
Silver certificates advanced q per cent
to G1z per cent, on transactions of S.
,oO
FOREIGN STOCK MARKETS.
New York. Jan. 27.-The Evening Posts
,ablegram says:
VAS good today and the outlook was more {
for the moment. Americans
we're good. The chief point was the infiu-
initial buying here of Atchisons. The clos {
ng was at the best. American bonds were
generally in fair demand. Mines were bet.
er. The settlement is favored by easU !
money. Contangoes are light, those on
Americans being about 3 to S1s per cent. /,
The chances of a reduction in the bank
ate Of discount tomorrow are evenly a.
rided. There was no great interest in the :
natter either way. Gold was bought IN :
he open market for Austria and japan.
,ut there have been no bold operations
It the bank for hte past fortnight The n
Paris market was firm with rather big spec .
llations in Tintos and De Beers mines The n
Berlin market was firm c
LOANS, EXCHANE AND BONDS.
New York, Jan. 27-Money on call NOM
naliy l32q2 per cent; prime mercantile pa. -
er,3lzQi; sterling exchange firmer. actual y
usiness in bankers bills al 81. S6S4 81 for 4
emand, and $i.s42l ass for sixty days;
liver certificates. 5000 at 55I4: bar silver,
:; Mexican dollars, SOS; government bond u
tong; new fours, registered, 10: coupon. v
s5sS3: tours, registered, 1llZ; coupon | o.
~; tWos. registered. s.; Pacific skies OF %
s, 1851. |,
BANK CLEARINGS. -
Phila delphia. Jan. Chickering's. SSH to
8; balances, sl.557, 1913. CT
Baltimoe-Clearings. s2,17s6e5; balances, b.
IS, 7eS r
st. Louis-Clearings, s7.SsS. zoe: balances. I
n,sl7 Money I a per cent. New York b.
ichanse 50 cents discount bid; par ask
l.
TREASURY STATEMENT.
Jan. e7-Todav's statment 10
the condition Of the treasury shows.
valuable cash balance, So. 200 sss: gold Re
rye, si43. s.sSo.