The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-27
WAR CLOUDS IN FAVOR
They are a Real Good Thing
if Managed Right.
SECURITIES ARE STRONG
On News of the Names Re-
Ception at Havana.

New York, Jan. 26-If the strength in
yesterdays stock market was to be at
tributeo to a natural recovery from the
scare caused by the Names departure
for Havana, there could be no doubt Of
the underlying strength and breadth of
today's market for securities. The Maine
Incident has in fact been converted into
an actual bull factor in the stock mar
ket. the exchange of courtesies at Ha-
vana being looked upon as promising
more toward smoothing relations between
the two countries than anything that has
yet cccu' red. The movements of today's
market were broad and deep and left no
room to doubt that large interests were
absorb hing securities with great confidence
and on very heavy scale. Heavy pur-
chases of ], 900 share blocks were frequent
In leading stocks all through the LIST and
there were a number Of Transactions in
bonds in which 100000 par value changed
hands in one block. Almost every group
of railroad properties in the market was
represented in the advance, the continued
heavy buying of New York Central and
the Eanderbilts being the decisive infiu-
past. The grangers, the southern grcu
the southwesterns, the coaIers, and tho
Klondike group all developed advances
from TO points Kansas and Texas pre-
ferred rose 3 points on rumors of in ap-
preaching dividend declaration and New
York Central at one time added nearly
two more points to yesterdays gain.
Lake Shore rose AZ points. OF he grang-
ers, Rock Island was the leader with
rise Of = points, and all the leading mem
bcrs Of the group rose over 4 point Read
ing first preferred was In the van of the
coaers with a rise OF 2h points. Sin liar
sharp gsinF were scored all through The
industrial list. The group of New York
corpora tons was an exception ami show
cd Signs o: heavi7uss. London continued
d large factor, though its purchases were
probably not as large in this inarxeI as
was the case yesterday.
The exchange market reflected the fur
Their effect of this development with a
sharp drop of sc in the actual rate for
demand sterling. bringing it down to
Si.S4A. This is the point which has start
ed the two last import movements of gold
and there was talk in the street today of
gold imports. This would be the more re-
markable in view OF the hardening ten
dency of money rates abroad and the con-
tinued ease here. The local money mar
ket showed no effect from todays surren-
der by New York banks of the first 10
per cent installment of the government
deposit on account of the Union Pacific
sale. This transaction resulted in practi-
cally wiping out the sub-treasury's debit
balance at the clearing house today,
which has been running recently from
over half million to nearly million dol
lars a day.
rr-E.z -
4S6,7O0 shares.
Dealings IN bonds were large and prices
generally improved. The Kansas and
Texas seconds were most active and gain
ed per cent. The total sales were So
$4,000.
United States old tours coupon and the
new tours declined Il per cent bid; and
the flves coupon advanced Is per cent
bid.
FOREIGN STOCKS.
london, Jan. 26.-The market for Amer
team securities advanced at the opening
and remained steady all day. New York
buying influenced the advance. The clos
ing tone was firm and demand fair.
New York, Jan. 26.-The Evening Posts
LonCon financial cablegram says:
Politics restricted all stock markets
here today except Americans, which rose
steadily and closed quiet at the best, al
most entirely on New York support. New
York Central and Ontario and Western
led the rise Other markets were feature
less. Spanish securities were dull. Money
rates are tightening still further and
more was borrowed today from the Bank
OF England. The East Indian railway
was offered 500 600 pounds Of pa per cent
debentures at 81 per cent Only 5000
pounds was applied for. an indication
showing the way in which money rates
are perhaps tending.
LOANS AND EXCHANGE.
New York, Jan. 26.-Money on call nom
inally 11tG2 per cent; prime mercantile
paper $685. per cent. Sterling exchange,
with actual business in bankers bills, at
SLStal for demand and $lS5l2 for so DAYS;
posted rates. S4.SS1a and SLS5G4S6. Com
mercial bills. s.S11k. Bar silver, 56sc.
Mexican dollars. 44$4c.
TREASURY STATEMENT.
Washington, Jan. 26.-Todays statement
of the condition of the treasury shows:
Available cash balance. S24O,071, 410; gold
reserve, Sl63, 670SO5.
GRAIN AND PRODUCE MARKETS.
The following Official range or prices on
grain and prov.1ions a. Chicago is furnish
ed by the Cnrstie-Street Commission Co.
Board of Trade Room. Sedgwick Block.
Wichita, Kan:
articles. Open. High. Low. Close yestd'y
July " .Sq.as5 SA4Gs5 s4Ra& s5ss s4zs
May 9lis 9424 sS12qSs 9i94 1875
May SyFn ,2sna4 2s4 2es 2Eqss 2sssa+
july SOS so5saE SOS SO3+aA sos
May ss4as ss.s 90, 2 sss 2 s3, az? s
s Kan 3 s. rs, ss IS IS; s.: 81 =: =:
May i5'c q .@O 81, !s SO
May 4a 4G t@ !ss5 -.
Puts. Calls
May wheat ..........'...'.+.''---- sSSgS
May corn 1900. ....-.-....''..'.''-SA -'7s
Curb May wheat, s424.
CHICAGO CAR LOTS.
Today. Grade. Tomorrow.
Wheat 10
Corn ...-----... 1Sl 81
Oats =. .-...-.-... Ia 4
Chicago. Jan. 2S.-Receipts today:
Wheat. 81 cars; corn, 40; oats, 147. Esti-
mated car lots tomorrow: Wheat, 10 cars;
corn. =: oats s.. Minneapolis receipts OF
wheat today, go cars.
Chicag go. Jan. 26-Butter-Steady; cream
cries. 13d1sis; diaries, I217.
Eggs-Fair; firm fresh, is.
I-s-r-, TrzvfsH