The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-05
STOCKS AND BONDS
SHARES DULL AND IRREGULAR,
WITH A LOWER TENDENCY.
Bears Encouraged BY Foreign Selling and
Lower London Prices, Support Being
Given the Market at Intervals, With
Covering in Some OF the Speciaities-St.
Paul Failures Have q Marked Eject
The Congressional Bugbear-Large Sc
curfty Holders Keep up Hopeful Spirit
Bonds Improving.

New York, Jan. 4.-The stock n1arAet To-
day was. dull and irregular, with lower
tendency. The forenoon trading was slow,
although the grargers We're trife less
sluggish than the general list. lower Ion
don prices and foreign sales stimulated
bear aggression, but the market received
effective support at intervals and covering
was quite apparent in some of TIE special
ties. Around / o'clock the market seld
off sharply on the announcement Ct the
ST. Paul bank failures. The bears were
also helped by the prevailing uneasiness
regarding possible congressional action on
some important financial measures. Cen
real Electric was Influenced by protit-tak-
ing and declined 1ss per cent. The large
security-holders in the leading shares con-
tinue to argue hopefully of the immediate
future of the market, owing to the high
price of and sharp foreign demand for
wheat, the exceptionally large accumula-
tons of funds, Indications of the reviving
of general business and the easier tendency
of money abroad. The bears lay stress up
on the absence of outside interest, the bank
failures and dizziness of general trade. The
closing was dull and weak at important
fractional net losses in many shares.
The total sales of stocks today were 1O4,-
al shares, including: American Sugar L.
300; Burlington 10,20O; Chicago Gas 5000;
General Electric 9.700; Manhattan $500; st.
Paul 1890; Reading $500.
The railroad and miscellaneous bond mar
kets showed a decided tendency toward
higher level on investment purchases. The
large sums of money distributed for inter-
est and dividends are finding employment
in the high-grade issues, resulting in ma
terial improvements. The sales were ST.
279.0Oo.
Governments were dull but strong. The
transactions were 5000.
FOREIGN STOCK MARKETS.
New York, Jan. 4.-The Evening Posts
London financial article says:
The stock market opened good generally
today, but gave way later and closed dis
tnctly under the best, in the absence of
public support. Argentine national stock
and Argentine rails were exceptionally
booming up to the close. Consols were
easier. The contangoes were 21a to 3 per
cent higher. Americans responded to the
rise in New York, but the tone was In
clined to be dull and it was rather a sellers
market. Mines were lower. About 10000
pounds in gold was bought today in the
open market for Japan. The Paris bourse
was firm, though money is dear at the
monthly settlement. The Berlin market
was steady. Discount rates are falling
there
London, En-, Jan. 4.-The amount of bull
lion gone into the Bank of England on
balance today was 11,OO0 Gold is quoted
at Buenos Ayres today at 1890; Lisbon,
SS15; Rome, 1915.
Paris, France, Jan. 4-Three per cent
rentes 102f SOC for the account; exchange on
London 25f DC for checks.
Berlin, Germany, Jan. 4-Exchange On
London, eight days sight. 20 marks IS pigs.
LOANS AND EXCHANGE.
New York, Jan. 4.-Money on call IL per
cent; last loan per cent; closed 11aG2 per
cent. Prime mercantile paper 3l2I4ls per
cent. Sterling exchange steady with ac-
tual business in bankers bills at S4.S6dA for
demand and A.s3IzllA for sixty days; post
ed rates s4.S411s and s4.87d4S71s. Commercial:
bills $i.S21a. Bar silver 6iS4. Silver certifi-
Gates 64a4q65i4
BANK CLEARINGS.
Boston, Mass, Jan. 4.-ClearingS 1929
%; balances $20S6,002.
Philadelphia. Pa, Jan. 4.-Clearings S14,-
81, G56; balances $2,436,S
Baltimore, Nd, Jan. 4.-Clearings S., 49,
SIS; balances s42l, 599.
st. Louis Mo-. Jan. 4-ClearingS S6,27,-
So; balances s9l1,S7S
TREASURY STATEMENT.
Washington, d. c., Jan. 4.-Today's state
ment of the condition of the treasury show
Cash available balance SOS, S93, Gel; gold re-
serve Sl37, S63, 297.