The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-13
STOCKS AND BONDS
SPEOIALTIES TAKE UP TIE BULK
OF SHARE DEALINGS.
General Trend of Prices ID Upward. the
Motive Force Being Shorts Covering
Wheeling Preferred Makes a Sensational
Break and Baltimore and Ohio Moves
In the Same Direction General List
Superior to Depressing Considerations,
and the Closing is Strong at Marked
Gains in Many Cases.

New York, Jan. 1.-THE stock specula-
ton today was narrow. with the bulk OF
tie very limited dealings centering in
few of the specialties. which class, as usual,
was affected by pecuniary considerations.
Tie general trend of prices was upward,
the motive force being simple covering OF
shorts A few stocks ran counter 10 the
movement, notably Wheeling and Lake
Ere and Baltimore and Ohio. In both
cases liquidation was clearly evident Wheel
ing and Lake Erie preferred was unusually
active and made a sensational break OF
~ per cent, to 1915 per cent, and the COM
mon rs per cent, 10 SIS per cent. The de-
cline was due to the circulation of rumors
suggesting the probability OF an impend-
ing receiversh:p. Officials of the company
denied reports and state that no such step
had been contemplated up 10 the present
time. The denials caused rally of is per
cent in the preferred. The news that &C.
ton on the regular quarterly dividend of
u per cent had been deferred by the Long
Island directors was followed by recess
sion of 3 per cent, to % per cent. The gen.
eral market was superior to the movement
and considerations noted, except for brief
! interval around midday, when pressure
| against Manhattan and Southwesterns
caused some recessions IN prices. The af-
ternoon market lacked important features.
Around delivery hour. when support was
given to some of the high-priced indus
trial shares. covering of shorts was noted
in the grangers, Manhattan, Tennessee
/ Coal, Leather preferred, Delaware and
Hudson and Tobacco. The closing was
81 q I'm
! instances.
Total sales of stocks today were 1854
shares, including: American Tobacco 81
800: American Sugar. 1890; Burlington, o.
500; Rock Island, 500; Union Pacific, H.
600; Wheeling and Lake Erie. 1900.
! The bond market continued to display
strength on investment purchases for local
! and foreign account. The dealings today
were marked by increased trading in the
usually inactive mortgages at subsequent
ly improved gains over preceding sales.
Long Island As were conspicuous for a
| jump to 50 per cent, against 761a per cent,
the last sale. The sales were s1,5s3.0o0.
Governments were dull but generally
higher, the transactions were $4,000 prin-
| cipally the new As.
FOREIGN STOCK MARKETS
New York, Jan. 12-The Evening Posts
London financial cablegram says.
The stock markets were idle today, ex-
cept for a squirt IN Argentines. The set
tlement shows small account. CONTAIN
goes were moderate, those on Americans
being AZ per cent. Americans were dull.
but closed above the lowest. Kaffirs were
fiat on rumored fresh capital requirements
by leading company. The Paris bourse
was steady, but il is still disorganiZed by
the new bourse rules"
LOANS AND EXCHANGE.
New York, Jan. 12-Money on call easy
at ~ per cent; prime mercantile paper 3la
G4l2 per cent; sterling exchange firm with
actual business in bankers bill at S4.SI14U
4.s71s for demand and at A.S4AG4S4is for
sales. Bar silver 6424 Mexicon dollars SOS.
BANK CLEARINGS.
Philadelphia, Pa, Jan. 12.-Clearings 81,
| 07,5l2; balances 81 .495. 653.
Baltimore, Nd. Jan. 12.-Clearings s., 997,
! 627; balances s317557.
st. Louis, Mo-, Jan. 12.-Clearings s5,71S,-
| 125; balances $685. 455. Money 7dS per cent:
| New York exchange 25c discount bid; par
| asked.
TREASURY STATEMENT
| Washington, D. c., Jan. 12-Today's state
ment of the condition of the treasury
| shows: Available cash balance So, 500, $40;
| gold reserve s139, 502. 92S-
DIVIDENDS DECLARED.
| New York, Jan. 1.-THE Nashville and
| Chattanooga railroad directors have de-
| clared a dividend of 2 per cent payable
| Feb. /. This covers the regular dividend
| ard the postponed dividend in November.
| New York. Jan. 12.-The directors of the
/ New York, New Haven and Hartford rail-
4 way have declared the regular quarterly d.
I vidend of per cent.