The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-21


New FORK, Jan. 2o.-There was further
decided shrinkage in the volume of bust
ness in stocks today, and prices worked to-
ward lower level, chiefly as a result OF
bear aggression. Speculation for rise
Vas discouraged at the outset by a reac-
ton in the London prices of American Sc
curities, and the indisposition of commits
SION house clients to trade left the field
comparatively clear for the bear profess
SIGNALS and room operators. Selling by
houses with Washington connections was
somewhat OF feature, and the specialties,
as usual il narrow market, scored the
widest fluctuations in prices. The Indus
trials, as group. oVershadowed the rail-
way shares in point of activity, but, Gener-
ally speaking, the distribution of the deal
ings was not up TO the recent average.
Sugar was irregular within range of per
cent and closed fractionaliy lower. The
only suggestion of news affecting the prop
erty was the formal answer of the Wool
san Spice company TO the petition OF the
Arbuckie interests for receiver, deny
ing all of the allegations made therein. The
dullness of the general market was reliev-
ed by one or two special movements. one
in Illinois Steel and another in Susquehan-
ma and Western preferred. The last SYM
pathetically affected the Anthracite coalers
generally. Illinois Steel broke per cent,
to IS per cent, on reports calculated to con-
vey an impression of the company's finan-
cial weakness. raid on the coalers was
made around 80 o'clock, resulting in re-
auctions of / to per cent. In the regu-
iarly active railroad stocks the grangers
figured most conspicuously. Considerable
interest was attached TO reports of impend-
Ing meetings of the government represen-
tatives in Union Pacific and expected con-
ferences between Attorney General Hae-
mon and the reorganization syndicate,
which were believed to foreshadow proceed
ings for the foreclosure of the Union Pa
cific property. There was not. however,
even ripple in the market for the com
pany's securities. The more extreme de-
cEnes IN the general list included Consol-
dated Gas. per cent; Rock Island. Mis-
souri, Pacific, Rubber preferred, Tobacco,
and American Spirits preferred, per cent
In the final dealings a better tone develop |
ed, chiefly on covering, and rallies of 1G2
per cent from the lowest points were made. |
The closing was steady.
The total sales of stocks today were 49, |
SIS shares, including: American Sugar, g. J
900; Burlington, 1900: Chicago Gas, 1850; /
Louisville and Nashville, 400; New York, |
Southwestern preferred. $500; Reading, s. |
coo; st. Paul, 15 100; Rock Island, $500; Ten |
nessee Coal and Iron, 5000; Southern Rail- |
road preferred, 500. |
The bond market gave the first evidence |
of weakness today that has been apparent |
In this department for long time. The |
losses, however, were no. material except |
In few instances and business was more |
generally centered in the speculative issues
The sales were s., 4e4 600.
FOREIGN STOCK MARKETS.
New York, Jan. 29-The Evening Posts |
London financial cablegram says:
The stock markets were dull and mac |
tive today. pending the expected bank rate |
reduction tomorrow. Opinions as TO re- |
duction TO 80 per cent are evenly divided. |
II is not likely. however, that the decision |
either way will have great effect on the |
markets. No one here really believed yes |
terday that gold exports for the year were |
likely at once, but at the same time shrewd |
people would be surprised to see some be- |
fore very long. New York appears to be |
buying bonds largely and carrying them |
here. Americans were lifeless and dull and
under the New York parity all day. Cop
per shares were very strong. The stock
exchange subscriptions to the India famine |
fund reaches nearly fic,eo. The Paris !
and Berlin markets were steady.
n.
the London Telegraph's statement that S.. |
000.0n in bullion was about to be exported |
from the United States. foreign exchange |
bankers say here that such a transaction |
is not within the range of probabilities. |
With the London discount rate softening |
eni the balance of trade Sc much in favor |
o. this country as it is. the tendency was |
sil the other way-sterlng exchange rates /
we're more likely to fall than rise.
LOANS AND EXCHANGE.
New York Jan. e0.-Nioney on call easy !
at lk@lss per cent; last loan per cent; |
closed j.. per cent; prime mercantile paper |
cI.d4 per cent: sterling exchange steady, |
withactual business in bankers bills at 81 |
S7Iz64s7i2 for demand. and SSd4.s5 for |
sixty days: posted rates si-s5diSole and |
81 $50; commercial bills S4.si: silver certi- |
ficates 60; bar silver 64S4; Mexican dollars |
boH
New York. Jan. Chickering's Sl04.Sii SIS; !
ball nces, s. ESQ, 72s.
BSston, Mass, Jan. 9-Clearings, ST. !
eS, sS7; balances. s1,709.61S
Philadelphia. Pa. Jan. Chickering's, ST. |
f9l. rs; balances. s., So, e51.
baltimore, Nd. Jan. @.-Clearings, 81 |
81. f6S; balances. S221. 7eS.
Chicago. H.. Jan. a0-Clearings, ST. 1885, |
$50; money steady, unchanged: New York |
exchange, no market; foreign exchange |