The Wichita daily eagle., 1897-11-13

CoaIers Have Two Items In Their Favor
Railroad Earnings Are Generally of q
Flattering Nature - Soft Coal Traffic
Looms Up In .he Reports.
New York, Nov. 12.-Today's stock
market was generally without animation
at any time. The preliminary drive al
Sugar and one or two subsequent raids
against that stock failed to dislodge any
large offerings and the subsequent deal
ings in that stock Showed greatly dimin-
ished activity and flrmness of tone. It's
losses were all recovered and the close
showed a net gain Of small fraction.
The low price for the day, which was
i26 ga per cent. was a new low point on
the present moment. Sugar was easily
the leader Of the fist in point of activity
and absorbed one-tnird of the total
dealings. The coalers showed some
strength on account OF the approaching
cold snap. They were helped also by re.
ports Of restriction Of output by individ-
ual companies. New Jersey Central led
this group and advanced at one time 3A
points, but closed at reaction of about
a point. Consolidated Gas fluctuated
widely, rising 2 points, receding IL
points and closing at a net decline of
IL points. Outside of theee the features
Of the market were without particular
interest There was some continuance of
selling for the London account, espec-
Tally of St Paul, and this was about the
only unfavorable facotr In the news Of
the day. The result Of the days trading
is to bring the level of prices back to
about the same level as that held before
the very sharp decline Of last Friday.
The upward tendency today IN the gen.
eral list was assisted by the continued
favorable character Of railroad earnings
reported for the first week in November
The increases were especially marked In
the returns Of southern and southwest
ern roads, which are presuma bly, affect
ed by the heavy cotton movement, due
TO traffic now coming forward which has
been delayed by yellow fever quaran-
tine. The Southern railway led in the
amount Of its gain, with an increase of
s62,470 over the corresponding period of
ing about II. Central of Georgia, with
an increase Of $23,377. shows the highest
percentage, about 20. The activity in
the soft coal traffic is reflected in an in
crease Of $4S.66S, or over q per cent in
the earnings Of the Norfolk and Western
and of s1S,053, or over 100 per cent, in
those Of the Cleveland, Lorain and
Wheeling. The days net gains are a
point or over IN some of the grangers
and other prominent active stocks, and
are nearly points over in the coalers
The total sales Of stocks today were
A7. 100 shares
BONDS.
The bond market was moderately act
I've at higher prices. The new Lake
Shore 31a's sold at 105 IA per cent, the
highest on record The total sales were
s1.450, 900.
United States new As registered and
the coupons were advanced Is per cent
bid and the new fours LA per cert bid
New as registered and coupon 127 SIS;
fours liz "a; coupon 11S ga: seconds sS1s
skies OF '9s. 102 So.
FOREIGN STOCK MARKETS.
New York. Nov. 1.-THE Evening
Posts London financial cablegram says:
''The stock markets were lifeless today
and trifle less firm Mines were bet
ter.
The duIlness in Americans here is
partly due to difficulties OF dealer who
is a bull on Americans and who recent
w Lost n hr, Ha
pected fall of certain industrial shares
The failure may be announced tomor-
row, or 1t may blow over; it is really
nothing important Americans closed
above the lowest.
The Paris bourse was dull, and the
Berlin market was steady"
LOANS AND EXCHANGE.
New York. Nov. 12-Money on call
steady at 1-2G2 per cent; last loan at
3-4 per cent; closed 1-261 3-4 per cent;
prime mercantile paper 1-2941- per
cent. Sterling exchange strong, with act
ual business in bankers bills at S4S5 1-2
@4.S5 3-4 for demand, and at s4.S2 5-s@
4.S2 rs for sixty days: posted rates
$4S3 1-244.S6 1-2. commercial bills.
s4S2. Silver certificates 81 1-2@5s 1-2c;
bar silver 81 1-2c; Mexican dollars 45c.
TREASURY STATEMENT.
Washington, Nov. 12-Today's state
ment of the condition Of the treasury
shows: Available cash balance S20S, 1885,
3S7; gold reserve s155, ,SSS, 1872.
BRADSTREETS REVIEW.
New York, Nov. 12-In its review OF
sne stock market Bradstreets tomorrow
will say:
While speculation showed some re-
sponse to favorable developments, the
course of the market has been irregular
After an Improvement in prices early in
the week. the professional traders made
an attack on the market and met with
little resistance. though on Friday prices
were again put up on the shorts. The
absence of public interest and the small
volume to which commission house buy
ing has shrunk are scill noticeable fea-
lures. Large interests have within
few days past extended renewed sup
port 10 certain special,ies, but il seems
that the cliQues and bull pools are for
the present dormant, and that in spite Of
the much better developments in a num-
Der Of directions. manipula,ive activity
IS still directed almost entirely against
values. The news which could directly
affect the market was almost entirely
nbr;nti6 ctnont nnmmiccinn IN