The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-08
STOCKS AND BONDS
TRADERS MAKE AN EFFORT TO AID.
VANCE PRICES.

Manipulation in the Hish-Priced Stocks for
Eject Upon the General Li<t-Initiai
ern Buying of Low-Pricsd shares
Stronger Foreign Exchange Market Dis
regarded In View of the Cuban Situation
Close Steady at Uninportans Changes
Outside of Specialties-Bonds higher.
New York, Jan. THE stock market to-
day, generally speaking. reflected the ef-
fcrts Of powerful financial interests 10 neu-
traEze the effect of the reduction OF the
Delaware and Hudson dividend Manipu-
lation was evident in the high-pr.ced STOCKS
for the effect upon the general list
tendency toward higher level was appar-
ent AT the outset, which was Influenced by
foreign buying in this market and the exc.
cution of orders for commission account
The expectation Of improvement IN pend
ing railway traftice returns stimulated an
inquiry for the leading railroad stocks. The
traders disregarded a stronger market for
foreign exchange, owing to the more re-
assuring Washington advices regarding the
Cuban question and made decided efforts
20 advance prices. Burlington rose point
on purchases for Boston account. and there
was fair buying of the low-pr.ced shares.
en- orders principally from the west The
exception TO the general trend or prices
was the anthracite coal group, which Dis
played heaviness. The strength OF the ex-
change market was due 10 large purchases
of bills by prominent lower Wall street IN
tsrests and the light offerings were subse-
quently supplemented by supplies of re-
Gently boarded exchange. Actual rates
rose slightly, but the advances in posted
figures were more noteworthy. Chesa-
peake and Ohio was in good inquiry. ad-
vancing TO is per cent on orders for foreign
account induced by the recent more IA
vorable traffic returns and gossip of the
probable declaration of small dividend
The upward movement was checked soon
after the end of the first hour by vigor-
Gus drive at the high-pr:ced industrlals.
ard renewal Of liquidation in the coalers-
Business was less active on the decline.
but the pressure was very persistent and
eventually material loss was recorded in
number of stocks. Chicago Gas sold Off
2i2 per cent and Leather preferred fell 81.
per cent on rumors of probable discourage
ing annual report and uncertainty regard
ing the disposition OF the holdings OF The
late president of the company. Consoii-
dated Gas yielded per cent, to lf per cent.
and sharp declines occurred in Sugar and
Tobacco. Delaware and Hudson was very
cratic at the outset but eventually drop
ped "a per cent, 10 1l04 per cent rslly.nS
later 10 liz a per cent. The railway shares
were well supported and rallied easily.
partly on covering. The closing was very
steady. with the net changes unimportant.
aside from the specialties.
The total sales of stocks today were 151.-
s39 shares. including: American Sugar g.
500; Burlington 1s,4G0; Chicago Gas $3.50:
Chesapeake and Ohio $3.50; Delaware and
Hudson 1890; Louisville and Nashville g.
100; Reading 1850; st. Paul l7,700: Union
Pacific 1880; Wheeling and Lake Erie s.s,0.
The bond market was strong and higher
in most instances. some of the inactive is
sues excepted. Chicago and Northern Pa
c:fic firsts trust receipts developed activity
and strength after long continued neglect
and rose per cent, TO AZ per cent. The
sales were s1,559,0O0. The principal advan-
ces ranged from lass per cent. the last
The more noteworthy declines extended
from l to per cent.
Governments ruled generally firm on
transactions of $500.
FOREIGN STOCK MARKETS.
New York. Jan. THE Evening Posts
London financial cablegram says:
The stock markets were steady today,
but only moderately active. Americans
were very dull at the opening. but closed
firm. Some of the large
hnrrcae 10. 10 ,F
both American shares and bonds here on
investment account. certain descriptions OF
securities which for weeks past have been
very difficult TO negotiate having found
market. Proposals to restore the finances
OF Peru have caused a sharp rise in the
debentures OF the Peruvian corporations.
France is said TO be willing TO grant loan
to Peru on the understanding that the lat
ter shall recognize the claims Of the cor
poration. The Paris bourse was quiet and
steady. and the Berlin market firm"
London, Eng, Jan. 7-Consols for money
III Ills: for the account HIS; Canadian Pa
cific SIS; Erie 157sh Erie firsts preferred
S514; Illinois Central %; Mexican ordinary
pa; 81. Paul common 7sS.; New York Cen
trail $50; Pennsylvania $50: Reading "A;
Mexican Central. new As, ST.: Atchison
l4ss; bar silver . Ills: money 2G3i. per
cent; rate OF discount in the open market
for short and three-months bills ~ per
cent Gold is quoted at Buenos Ayres to-
lay at 1875; Lisbon 3s1.: Rome Io4.7 30. Bar
gold is quoted al as lid: American eagles
'6s Sd. The Bank OF England's rate of
discount remains unchanged. at 4 per cent. |
Paris. France. Jan. Three per cent
rentes lo2f i5c for the account. Exchange
On London 25f &c for checks
London, eight days sight. 20 marks IS pfen-
1igs.
LOANS AND EXCHANGE.
New York. AIN. Mooney on call easy
1t 1izq2 per cent: last lean IL per cent:
,losed lizQ2 per cent; prime mercantile pa
per 3i=GF3 per cent: sterlirg exchange
strong, actual business in bankers bills az
a-Ss0i4 for demand at at s4s4i< for sixty
lays; posted rates Ssii.d4S and 4s7HTf |
l@- Commercial bills 81 ssz4a4 s. Bar ST.
Ter CAS- Silver certificates s4s.gs51s.
BANK CLEARINGs.
New York. AIN. 7.-Clearinrs Sas * A.. |
balances S.54s,0oe.
Boston. Mass, Jan. 7-Clezrings ssoss.-
20: balances s2.3l7 10
Philadelphia. Pa. AIN 7-Clez-nEs g Al
n; balances s. 54s. IN
Baltimore. Nd. Jan. 7-Ciezr.uxs q soT-
Is: balances S5f1. SO.
ST Louis. No. Jan. 7-Ciez-iaE SO. 5s:
ALLIANCES sSs. % Money 5sq7 per cent Nesr
ork exchange par bid: &C premium asked. |
TREASURY STATEMENT.
Washington, D. G. Jan 7-To5sy'x state
nsnt Of the condition of the treasury \
noTs: Available cash balance 10 -, rs: /
.old reserve S-Ss - sal.