The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-12
STOCKS AND BONDS
UNION PACIFIC DOMINATES TIE
STOCK Market.

Failure of the Funding BIZ. Though Pretty
Well Discoun,ed. Is the occasion fos
Farther Decided veakness-Iron Prop
critics Mark Wide Fluctuations High
Priced Coalers Heavy ON CofAvorab.c
Trade Sews-General List in Better Tone
I'm the Late Trading. Led by sugar-cio--
Ing Firm at Slight Net Changes
New York Jan. 1.-THE market today was
generally heavy but irregular Of movement,
| under the influence of liquidation in UDio'.
Psc fc. hrrner marke. for exchange AMI
ulfe voraole traffic returns for the mrs.
week n January. The voiGre or business
vas very light, and the dealings mainly
professional. The spec.alties were prom
rent and scored exceptionally wide fiuctua-
tons in some instances. particularly Iii
nos S-eel which, after yielding fraction.
30 ia pc, cent, rallied TO Is per cent Min
ncsota Iron, on the other hand. fell AZ per
cent. 10 81 per cent. The high-priced coal
shares were decidedly heavy on reports OF
an unsatisfactory condition OF the anthra-
cite trade Lackawenna sold of per
cent and New Jersey Central IL per cent
on the theory that the arrangements OF the
respective companies will be forced 20 fol-
low the lead OF the Delaware and Hudson
and reduce their dividends. Pressure was
exerte1 against certain stocks for effect
upon the general LIST. Further discussion
of the alleged radical cuts an soft coal prices
and by the Baltimore and Ohio was follow
ed by break of 81 per cent in Wheeling
and Lake Erie preferred. 10 2SSs per cent.
Union Pacific was the feature OF the rail-
way list and was quite Irregular, on a
downward movement, being influenced by
Washington dispatches forecasting and
finally formally announcing the defeat OF
the funding bill. The fate of the measure
had been believed to be fairly well discount
ed. but the news caused decided weakness.
The stock overshadowed the genral Est IN
point OF activity. Il opened up y per cent.
at s.. per cent, but sold off TO per cent,
and rallied to per cent on covering, sub
sequently yielding TO Ga per cent. or
fraction below, the price ruling after the
defeat OF the Kelley bill The re-organiza-
ton syndicate had evidently lost hope OF
the passage of the biz as evidenced by its
preparations to step in and buy the prop
CITY IL lOIc-lOcQIc LUZ
don purchased freely of the international
shares. but the traders appeared TO favor
a reaction. Manhattan and General Eelec-
tr.c were hammered rs per cent and Il.
per cent, respectively. The other declines
were mainly fractional and support was re-
ceived at intervals on covering of short
contracts. The general list developed
better tone in the late trading under the
leadership of Sugar and tn market left OF
firm at slight net changes.
The total sales of stocks today were IT,
5S4 shares, including: American Sugar. H.
0Jo; Burlington 400; Delaware and Hud-
son, 3.100. St Paul 5000; Tennessee Coal and
Iron, 800; Union Pacific, 1850: Western
Union, 800; Wheeling and Lake Erie $500.
Bonds were fairly active and as a rule
higher prices were scored. The sales were
N,2l2.Oo0. The principal gains ranged from
&a1h per cent. and the more important
declines from las per cent. the last IN
Tennessee Coal firsts, Birmingham divi-
sion.
Governments were in moderate demand,
and rose slightly on sales of 1880.
FOREIGN STOCK MARKETS.
New York. Jan. 1.-THE Evening Past's
financial cablegram says:
The sfocls markets were idle and dull to-
day in the absence of public support. Con-
:angoes on mines are still, because tho
stock is more plentiful. The settlement,
TO begin tomorrow, is expected to show a
small account. Americans were fairly
firm, but the close was fiat. on the break
in Union Pacific. Russia and Japan bought
fl3ooD in gold bars today; the price was
about 77si1d. The Indian government an
nounces for January IS an issue of f1 ,0oo.o 900
IN treasury bills. TO run for three, six or
twelve months. at the option of the persons |
rendering. The Paris bourse was firm and
the Perrin market weaker"
London. Eng, Jan IL p. m.-Closing: |
consois for money. 11ii2: for the account,
lll@4; Canadian Pacific. SIG. Erie, ISL: Erie
seconds, 81; Illinois Central. 80; Mexican
ordinary, ~: ST. Paul common, &c; New |
York Central. g7ls; Pennsylvania. 5s1.:
Reading, 135s; Mexican Central new AS, ss11 !
14i4; bar silver. p 11-1sd per |
ounce; money. per cent. The rate of DIS |
count in the open market for short bills |
'5s per cent; for three-months bills 3Is per |
cent. Bar gold IL quoted at 77s-d Gold |
s quoted at Buenos Ayres at 1870: Lisbon. |
g; Rome, 104.77lz. The amount of bullion |.
gone into the Bank OF England on balance |
oday "i2s.O0a
Paris. France. Jan. 1i.-Three per cent |
-entes, 1o2f Sc for the account. Exchange |
IN London. 25f &c for checks
Berlin. Germany. Jan. u.-Exchange on ]
London, eight days sight, 20 marks 81 pfen- |
ligs.
LOANS AND ECHANGE.
New York Jan 11-Money on can easy /
It II: per cent; prime mercantile paper 81
Qfs per cent; sterling exchange strong 1
sith actual business in bankers bills al |
t.SkGfz for demand, and at AsrxdIz for |
sxty days; posted rates Hs4izdi Sis and /
ass; commercial bills 81 s3i4: silye.
certificates s4s4 bar silver s41x 9sSi..
BANK CLEARINGS.
New York, Jan. L.-Clearings. So. "a. l5,; |
balances, s. 3s2 Isl.
Boston Mass. Jan. n-Clear:nzs s12los,-
u; balances, ss.3s2. 1s1.
Philadelphia, Pa. Jan. Ii.-Clearirgs, S.
11,o'i; balances, sl.ss5.2sl
Baltimore, sd. Jan. u--Cleariags g.
2. $50; balances. szs2a2-
St Louis. No, Jan u--CiearinSs s.
1850; balances. ss2I.5 "a. Money 5a7 per
ent; New York exchange par bid; -
,-emium asked.
Chicago. III, Jan. 11--Clsarinzs. Sc e5i.-
>: money steady. unchanged: New YORK
&c discount: foreign exchange,
e;nand. s4-s79s: sixty days. asns-
TREASURY STATEMENT.
Washington. D. c. Jan n--Today's state !
aent CT the condition of tie treasury /
ho.s: Available cash balance. 81, ~. az;
old reserve. s13s Sc SO
CALUMET AND HEcLA-
Boston. Mass. Jan 1.-The Calun1e. AMI |
5scla Mining company crossed the l0otz
mark IN the number OF dividends declared |
oday. BY announcing 5 regular civs1en1 4
NJ 50 extra. the largest dividend ever &C. /
IzrsH n ts.a b.z.n-- nf .he .r.nr-,rl-n.lo- - |