The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21
GOOD NEWS FOR BEARS
Comes From Washington on
Cuba and Currency.
MONEY MARKET Is EASY
Outside Interest Continues to
Sustain Bonds.

New York, Jan. 20.-SIight losses result
ed from today's transactions in the stock
market, which was irregular and de-
pressed on the resumption Of Cuban and
currency agitation at Washington giving
courage to certain large bear interests.
Recent professional manipulation Of
stocks is credited to people interested in
making a market for bonds acquired DUR
ing the reorganizations. Western trade
advices continued good and further re-
fiected favorable traffic returns which
were published today by prominent rail-
road lines. The market had hardly re-
LIQUIDATION and short sales were appar-
ent, with resultant sharp declines. To-
ward the close there was somewhat i'm
proved tone and increased activity. Lon
don bought a little on balance. Pullman,
Mobile and Ohio. and National Lead re-
flected the declaration OF dividends on
those properties. Oregon Improvement adj
vanced IA points on an intimation of pos
sible changes in that company's relations
with other properties in the northwest.
Great activity and strength of North
American in the final hour was based on
rumors of a possible reconstruction OF
the company's business. New Jersey Cen
trail and Delaware, Lackawanna and Wes-
tern declined IL points and points. re-
spectively Northern Pacific and Union
Pacific were purchased for London ac-
count.
The money market continued to display
extreme ease, round amounts being Of
fered on call at per cent. This condition
of affairs was regarded by some of the
leading exchange interests as offsetting
possible gold imports, which in a measure
!, al
situation. The net losses of Importance
were: American Spirits preferred IL
points; Sugar, point; Cleveland. Lorain
and Wheeling preferred ~ points; Column
bus Hooking Valley and Toledo point;
Delaware and Hudson, 1 point; MINES
ota Iron, 1 point; Buffalo, Rochester and
Pittsburg, IL points. The gains We're:
Canadian Pacific, 2% points; National
Lead. common, point; Chicago and Eas-
tern Illinois, IL points; Oregon Naviga-
ton, IL points; and Oregon Short Line
is points.
The total sales of stocks today were 3OO.-
100 shares.
BONDS
The bond market continued to reflect
substantial outside interest, which was
responsible for notable improvements in
some of the low-grade liens The aggre-
gaze lTdHSdCllOilS were @0,OJi ,UUO
The government bond market was neg
lected, with slight concessions in Dir price
in some issues.
FOREIGN STOCKS.
New York, Jan. 20.-The Evening Posts
London financial cablegram says:
THE stock market here opened dull to-
day, but closed quiet, consols leading in
the recovery. The bull point used was
the decline in the German bank rate. The
features in Americans We're tn rush for
tn Klondike groups thus D enver and Rio
Grande, Canadian Pacific and Northern
Pacific were bought wildly. New York
is now absorbing Canadian PacificS
Grand Trunks are also still booming
Spanish, Turkish and International stocks
were sold from Paris, but Rio Tinto cop
per was the feature of strength. In spite
of the APPARENT ease in money here to-
day, there is a stedier ton to tn mar
KIT"
LOANS AND EXCHANGE.
New York, Jan. 20.-Money on call easy,
at per cent; prime mercantile paper 80
4 per cent; Sterling exchange, steady,
with actual business in bankers bills at
S4.S41z for demand and at $.SI2+ for sixty
days; posted rates, "a. S31ad4 S51a; CONNER
cial bills, A.H12G4S2; silver certificates,
IS; bar silver, 567s; Mexican dollars, Ask.
DIVIDENDS DECLARED.
New York, Jan. 20.-The directors of the
Pullman Palace Car company have de-
clared the regular quarterly dividend of
per cent, payable February 10. The Ma
tional Lead company has declared divi-
dend of l per cent on the common stock.