The Wichita daily eagle., 1897-12-21
STOCKS AND BONDS
SHARE MARKET FAILS TO CON-
TINUES SATURDAYS RISE
Realizing Sales at the Very Opening are too
Much for the Manipulation in Special
ties and Recent Gains are About
Wiped Out - CoaIers Strong on the
Price Agreement and the Cold Weather
DAYS Manipuiative Gains Lost Again
Money Market Conditions Continue In
Full Force.

Full Force.
New York, Dec. 2o-After a spasmodic
effort to continue the rise of Saturday, to-
days stock market fell back into a de-
cline and failed to recuperate. The ag-
gressive strength of some of the specialties
at the opening served to sustain that mar
ket for a time and to give it an appear
ance Of strength, but realizing sales in the
general list went hand in hand with the
manipulation for a rise in spec:alties, and
even the stocks which had shown wide
gains lost practically all after the large
operators had taken their profits in the
general list. The coalers were strong a.
group, on account Of the growing belief
in an agreement to restrict production and
10 keep up prices. They were also helped
by the cold weather and the consequent
increasedj demand for the product. New
jersey Central was at one time two
points higher and Reading first preferred
nearly 5S per cent Sugar crossed 40 dur
ing the day. Mantpula ton of the Pitts
burg, Cincinnati. Chicago and St Louis
stocks advanced the common " per cent
and the preferred Ae per cent Consolidat-
Ell Gas was also per cent higher at ono
Time None Of these were entirely held
ana some OF them were practically wiped
out. Union Pacific was another stock that
enjoyed period of strength in the deal
ings, but IL also reacted Kansas CITY
Pttsburg and Gulf, which is not usuaJIv
very conspicuous. attracted attention to
DAY by sudden break Of something over
points, and as sudden recovery of al
most all the decline. The first rnortpa 90
PONDS OF the company reflected the weak
ness OF tne stock. though not to as much
uesfee' Inere was no news to account for
lIe aotioh OF me stock The contradiction
OF Saturday mornings report Of w;thdrayv-
ais Of gold from the Bank ne Er,,.,s g.
shipment TO New York had mucb - -
win the termina ton of the rally which
set In Saturday. The condition In fae
money market continued to dominate tina
situation IN the stock market. and the stiff
ishins OF the rates for call loans to 415
per cent IN the late trading today checked
tHe hOpes OF those specula tors who Thought
lhey saw an assurance of continued ease
IN money by imports Of specie. No doubt
is felt that the large trade balance IN o1,r
iavor Is sufficient security against anv
real stringency in money at New York. Rut
IL IS not believed that a per cent rate for
can money will result in a movernen, of
specie In view Of the existing high rate for
money In London and IN the European
countries There is not much prospect of
easier money until after the first of the
year, ana until that time halt in specula-
I've activity IN securities Is felt to be prob
able In what is known as the outside
market, standard liquidation Certificates
were active and strong
The total sales of stocks todav vara e7s
100 shares.
RONps
The bond market was not active az ~ |
iate, but prices held firm, with the excep- |
ton OF some OF the speculative bonds. To- |
tai sales. s. 500 900
United States fcure. both Of 1925 and of
1907, were 4 per cent lower bid today.
.-ew fours, registered and coupon. 1891.
fours. 1l3; coupon. 114a.: seconds, ssIs; fives /
registered and coupon, u31s: Pacific SKIES.
OF 'SS 1025..
FOREIGN STOCKS.
New York, Dec. @.-The Evening Posts |
London financial cablegrar saws:
The stock markets today were Of tbe
hoHday KIND, with irregular movements |
and rather duh tone generally, Because !
Of the territorial squabble in China lana
nese bonds were fat Americans were good
On New York and closed steady. There is |
surprise her that New York should be look
ing Tor gold. the belief here being that |
none VIII go there from New York unless |
either the New York market rises con-
s-derably or the London market declines. |
neither Of which appears probable at this |
time"
LOANS AND EXCHANGE
New York, Dec. eo.-Money on call firm
213ai per cent; last loan, per cent; closed |
2i2gS per cent; prime mercantile paper. s1s /
qf1z per cent. Sterling exchange easier.
with actual business in bankers bills AT
Aa;sd4S for demand and at s4Nzs0 /
A.Sl2 for sixty days; posted rates. aSa |
iS412 and AS6d4. .ssi4; commercial bills.
S.Sl15. Silver certificates, 5SIza57x; bar /
silver 5s34i Mexican dollars, 45Izc.
TREASURY STATEMENT
Washington, Dec. 20-Today's statemen.
OF the condition of the treasury shows:
Available cash balance. s2sS, ,Oo4. COZ; gold re-
serve, Sl5s. .764.6I3.
GOLD FROM AUSTRALIA.
sydney, n. 8. w. Dec. 201The Oceanic
Steamship companys Aldema, Captain
Van ottendorff, sailed today. via Auckland.
for San Francisco. She carries about IOo,-