The Wichita daily eagle., 1897-12-30

New York, Dec. 29.-Sugar was the only
pne of the leading stocks of the list to show
any aggressive strength today. and after
rising at one time almost two points. it was
overcome by the general heaviness in the
rest of the market and closed with only a
small fractional net gain. 1t was a pro-
fessional traders market throughout and
the industrial stocks which had been re,
cent favorites with the bull cliques showed
the effects of realizing today. All the To-
cal traction stocks were heavy, but the SELL
ing was not coupled with any news and the
declines were wholly technical. In Man.
haitian the fall reached two points, and
Metropolitan more than that. Brooklyn
Transit advanced a fraction, but fell again
over point Consolidated Gas is S12 points
lower than last night Tobacco was no.
tably active all day and rose quite strongly
on an irresponsible published report that
the quarterly dividend on the common
stock had been advanced again TO Per
cent. Disappointed holders sold the stock
down two points when ii became known
that the rate was retained at per cent.
New jersey Central and the Coalers gen
orally d!d not accept the weakness OF the
other specialttes, and show sharp losses.
Burlington showed degree of firmness in
the railway list on buying, invited by yes
terday's decline The Buffalo, Rochester
and Pittsburg stocks were both consp!cu-
Gus for strength, the common advancing
points and the preferred points. Frac-
tional net declines were, however, the rule
in the railway list
oday's clearing house statement showed
the sub-treasury a debtor again to the ex-
a. yo<- -. ol1
tional redemptions Of Pacific bonds. Still
the money market declined to yield its firm
tone in any marked degree, and It was
only in exceptional cases that loans were
below 31k per cent, and some cases per
cent was paid Demand sterling also hard
ened a shade today. Reports from other
domestic centres show that their bank re-
serves are at present unusually high, but
exchange continues to run against New
York. 1t was reported today, however, that
Philadelphia and Boston had repaid large
loans as the result Of the high rates here.
The large balances with the clearing house
show that there is quite an extensive shift
ing of loans still in progress Prices of
Americans declined IN London today and
selling here for London account was quite
a factor In the decline.
Total sales of stocks today were 21S1oo
shares.
BONDS.
Activity IN the bond market was con-
fined to middle and high grade issues, the
speculative issues being stagnant, prices
generally advanced. Total sales were
S,75O.0o0. United States old As coupon and
lew As registered were 4 lower bid; the
new IS coupon Y lower, and the 5's Is low
er. New fours registered u.s. coupon 12S14
fours 1l2A, coupon 11424: seconds ss1a; fives |
REGISTERED and fves coupon 114Is; Pacific |
SKIES of '9S. 1881.
FOREIGN STOCKS.
New York, Dec. 29.-The Evening Posts |
London financial cablegram says: Apart |
from the settlement there was little bus.- |
ness in the stock markets here today ex- |
cept in Kaffirs, which are moving j1pzva I'd |
Prices were very steady under the circum- |
stances. There was much comment on the |
reported resignation of Secretary Gage.
Money is very dear and there is no imme-
date prospects of it's cheapening"
LOANS AND EXCHANGE
New York, Dec. @.-Money on call stiff |
st 2d4 per cent; last loan 2Iz per cent; /
closed at 2A per cent. Prime mercantile
paper S1204A per cent. Sterling exchange
firm, with actual business IN bankers bills
ST. Si24 4G4Sii2 for demand, and at SS11a6
: SlS4 for SO days. Posted rates 81 S2l5Gp
a.s5 and 81 S1a9I4 Sc Commercial bills 4.sOz.
Silver certificates 56lzd5714; bar silver ST.;
Mexican dollars AZ.
TREASURY STATEMENT.
Washington, Dec Z.-Today's statement
Of the condition OF the treasury shows:
Available cash balance $245. $3.50, OBS; gold re-
serve $3.50, $40 995