The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-20

less III stocks today was about one-third
lighter than yesterdays aggregate. and the
usually inactive shares were decidedly less
prominent. The movement Of prices was
irregular, nut an undercurrent of strength
was discern:ble and as a result OF the day 5
| operations, almost general net gains were
scored. In some Of the high-priced indus
| trials the advances were material. There
was but little news calculated TO bear upon
the London market for American securi-
ties was Offset sentimentally by the cabled
announcement OF reduction in the dis
count rate Of the Imperial Bank OF Ger
many and the initial quota tons were gen.
! orally above yesterdays final prices The
| execution OF selling orders for London ac-
| count and contradictory expert reports as
10 the proba biiity or practicability of ship
| rlents or gold to Europe, regardless of in
ternational credit conditions, together with
the absence of commission business later
encouraged bear activity. In the reac-
ton Tobacco and Sugar were conspicuous.
| The setback was short-lived, however and
| the market again started upward under
| the leadership of Consolidate Gas which
| on. comparatively active trading rose 3Iz
1 per cent, to 1iS per cent. The general
| market displayed steadily increasing
| strength as the day progressed, with ST.
| gar, Manhatt and the Changers in good
| demand for both accounts. Manipulations
| were apparent in some of the low-pr:ced
| stocks, which accelerated the advance. The
Atchisons, in marked contrast to the gen.
eral trend of prices, developed heaviness
and lost sharp fractions on the announce
nent that the United States circuit court
| had refused to dismiss the suit instituted
| by bondholder against the former d:rec-
tors of the company, for an alleged illegal
| issue of St. Louis and San Francisco per
| cent bonds. In the industrials, Leather
preferred rose 1 per cent and Sugar per
| cent. st. Paul and Omaha common was
more active and gained a point on expec-
| tation of an early call for the meeting at
which it is expected dividend on the stock
VIII be declared. Proft-taking caused
general reaction in the final half-hour of
| business, but the losses as rule. were not
important. The closing was steady.
The total sales of stocks today We're 222.-
200 shares, including: American Tobacco.
3,0Oc; Atchison, 10000; American Sugar. S.
300; Burlington, 1900; Chicago Gas, $500;
Consolidated Gas, 400; General Electric, s.
200: Louisville and Nashville, $500; Man
haitian Consolidated. 400; Reading, $500;
Rock Island, 400; st. Paul. 1850; Tennes-
see Coal and Iron, 300; Southern Railway
preferred, 5000.
Railway and miscellaneous bonds con-
tinue to trend upward on investment pur-
chases for foreign ard domestic account.
The speculative issues figured large'y IN
the dealings, Int the gains were manly
fiuctuated widely au, material gains were
nc:cI III some of the sIlt-edged securities.
The sales we're $4,000 The advances
included: Spokane and Palouse first trust
receipts, 81. Paul, Idaho and Dakota d-
vision. SIS. and Southern Pacific of Arizona
firsts, Per cent. Some few declines oc-
CURED, including Beech Creek As per
cent; Forth Worth and Rio Grande firsts,
~ per cent.
Governments atiffened slightly on pur-
chases OF s4.Gc1.
Silver certificates Were active but steady,
on dealings eggregat:ns $4,000.
FOREIGN STOCK MARKETS.
New York, Jan. 19.-The Evening Posts
London financial cablesrom says:
THE fall in the German bank rate and
the low rate Of allotment of the India treas
ury bills disorganized the money market
To-Day. forced discount dONH 10 d weak IS
per cent, and raised the price of consols
and other investment stocks. The issue
of Indian treasury bills was $1,000. all in
12-months bills, and it sold at an aver
age rate of discount of r. IS 81 per cent.
The issue was applied for Il times over.
The stock markets We're irregular today
speculative shares fuctuated feebly with
out significance. American bonds were
bought largely here and by New York, but
shares f1uctuated feebly without sigaif-
canoe. A fall in the Bank of England rate
is freely predicted for Thursday, but the
best informed look for a deferment, the
more so as the fall in the Bank of Ger
many IS believed TO be largely desire 20
further a conversion of Prussian consois
and does not properly reflect market con-
ditions in Germany. At the same time the
monetry position there is peculiarly d:f
ficult TO follow, because the operation of
the new bourse laws present public specu-
lation for the monthly account. In Paris
the market was quiet and in Berlin the
market was steady
IMPERIAL BANK OF GERMANY.
Berlin. Germany, Jan. 19--The weekly
statement of the Imperial Bank OF Ger
many shows the following changes. as COM
pared with the previous account; Cash I'm
hand. increase 100000 marks; treasury
notes, increase 1.92o 900: other securities. de-
crease q, 1900; notes in circulation de-
crease $685. 00. The bank has reduced
its rate of discount from TO per cent.
LOANS AND EXCHANGE.
New York. Jan. I9.-Noon-Monsy on call
easy al Hoo per cent; prime mercantile
paper Stat per cent: sterling exchange
lower. with actual business in bankers bills
az s4s4s.G4S for demand. and al $i.Si4G
4s7is for sixty DAYS; posted rates Si.s5i.G
4sSis: commercial bills 1854; silver certi-
ficates s3o00o. az CAS-; bar silver 6is4; Mexi-
can dollars 5g2a.
BANK CLEARINGS.
Philadelphia. Pa. Jan. l9.-Clearinss, ST.,
$50 5s4: balances. s. $50. As
Baltimore. Nd. San. 1s.-Clearings. $, 56i.-
O50: balances. sz7Sssa.
st. Louis No. Jan. S.-Ciear-ngs. A-Ssi.-
as: balances, $500. Sa5; money 7Gs per cent;
New York exchange sc discount bid; par
asked.
New Orleans, La, Jan. 1s.-Clear;ngs. s.
1900: New York exchange si.Go permium
bid; commercial paper.
BANK STATEMENT.
Washington y. c. Jan. 1e.-Today's state
nent OF the condition OF the treasury
shows: Available cash balance se2S,577,2si:
-