The Wichita daily eagle., 1897-12-31
STOCKS AND BONDS.
STOCK MARKET REMARKABLY MAR
ROW AND IRREGULAR.
Dealings Limited and. Such as They are,
curities, Only Professional Room Trad
ers ParticipxtIng-Opersti of Some
Note In Securities of Local Corporations
Feature OF the Day Is the Great
Strength of the Foreign Exchange
Market Bonds Firm.

Feature OF the Day Is the Great
Market Bonds Firm.
| New York, Dec. 3O-Today's stock
market was remarkably narrow and ir-
regular, the highly speculative securities
absorbing practically the whole of the
| limited dealings, in which no one bu:
| professional room-traders took any part.
, There was no reflection Of any news in
the course OF prices. There was evil
dence of large realizing in some Of the
securities Of local corporations which,
however, recently have been advanced
by the buying of combination OF inter-
| ests. But the declines thus induced in
these stocks invited buying again and
restored the earlier losses, in some cases
carrying them essentially above the pre-
vious level. Metropolitan Street Railway
was the most conspicuous in the group,
moving over a range OF over three
points. Manhattan moved less extern
sively in sympathy. Consolidated Gas
fell three points on the admission Of the
attempted local gas combination, but
c7overing of shorts brought it back to
last nights close. The other specialties
moved with equal irregularity and the
changes of the day are small. Penn
sylvania enjoyed the benefit of current
reports OF heavy earnings by that COM
pany and touched 10. out reacted on
profit-taking. OF stocks not usually act
i've, Mobile and Ohio and Buffalo, Roch-
ester and Pittsburg, came into promi-
nence by reason of advances of points
each. Otherwise changes were unim-
portant.
A feature of the day in Wall Street
was the great strength of the foreign
exchange market. actual rates for trad
ing advancing 3-SG1-2 all around. There
is still some demand 10 satisfy for re-
mittances to Europe ir payment of divi-
dends and interest on American secur-
tiles held abroad coming due at the first
of the year. Exchange bankers attrib-
ute the strength of today's market %
an investment demand and the invest
ment they say is based on prospects OF
cheaper local rates for money.
A fall in the local rates for money
would lead to renewal 10 tending Of
credits abroad. Nevertheless there was
no evidence of softening in today's
money market, no loans being reported
at less than 1-2 per cent and others
being mode at per cent. The sub
treasury was a debtor at the clearing
81 ,000, 900 and the repletion of the money
market from that quarter is expected TO
continue until after the end Of the year.
Total sales Of Stocks today 162,400
shares.
BONDS.
Transactions in bonds were not on a
large scale but prices were firmly held
Total sales s1,675,OO United States twos
rose 1-2 bid; the fives coupon 3-S and the
new fours Is. New fours registered
and coupon 127 rs; fours 112 IA; coupon
ia IL; twos SO 1-2; fives registered and
coupon ia; Pacific skies of '9S i03 IA.
FOREIGN STOCKS.
New York, Dec. 3O-The Evening
Posts London financial cablegram says:
The stock markets were quiet and
steady today, with consols prominently
firm. Americans HAD a dull opening,
but later recovered. There was no busi-
ness anywhere. Three months treasury
bills sold today at an average of .
pounds lis Id and were afterward dis
counted in the market at 2 1-2. 1t is ex-
pected that a fair amount Of gold will
go into .he bank tomorrow, Australian
demand for open market having slack
ened considerably.
LOANS AND EXCHANGE
New York, Dec. 30.-Money on call
at 3d4 per cent. Prime mer-
camille paper 1904 ga per cent. Ster-
ling exchange strong with actual busi-
ness in bankers bill at s4.S4 1-2GS-4 for
demand and $4.S1 3-464S2 for sixty days.
Posted rates s4S2 1-2G4S6: commercial
bills s4Sl. Silver certificates Sc 3-465S:
bar silver 81 3-S: Mexican dollars 46 Ii.
TREASURY STATEMENT.
Washington, Dec. 30.-Today's state
msnt of the condition OF the treasury
shows: Available cash balance $3.50, ,721,-
$50; gold reserve $3.50, $50.