The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-20
N TONE and ACTIVITY
There is Improvement in the
Stock Market.
BONDS FAIRLY STRONG
Americans in London Steady
Austrian Finance

New York, Jan. 19.-The market for
stocks today improved al tone and activ-
ity as the day wore on, and at the close
the general list showed fractional i'm
provements while in some cases there was
q rise of from one to two and one-half
points. The close was strong at the best
prices of the day. The extreme ease of
money, call loans being made as low as
IL per cent, was a potential influence
in the markets late strength. There were
several other beneficial features in the
news of the day; the weekly earnings OF
railways in nearly every case were net
increases, running up to $4,000 in Ches-
apeake and Ohio. and $4,000 in Louisville
and Nashville. The S15,000,000 Illinois Cen
trail terminal bonds were considerably
oyer-subscribed. These facts, together
with the action of the house Of represen-
tatives at Washington in sustaining
points Of order against Cuban resolutions,
caused a rising tide in quotations, the
traders taking the view that legislative
action in behalf of Cuba, for while at
least, was improbable Washington re-
ports regarding the currency question had
little influence on the London market for
Americans, and Berlin and Frankfort
were reported as taking an apathetic
view of the subject. The transactions
IN Sugar and Northern Pacific were in
considerable volume. Sugar rose on street
gossip that il was time for a resumption
9th e bull campaign in that speciality
Northern Pacific left of at rs points adj
vance on hopeful expressions regarding
The earnings by friends of the property.
There were vague rumors of an effort TO
secure legislative permission for the con-
soiidation of local gas companies, and
Consolidated Gas rose sharply and re-
tanned part of the gain. Mobile and Ohio
advanced IL points. This was attributed
TO the subsequent announcement of the
J per cent dividend. Pittsburg, Cincin
nar and st. Louis was strong on the IA
vorable December earnings. The grangers
and local transportation shares shared in
the days appreciation of values. Ore
gon Navigation was up 2 points; Oregon
Improvement trust receipts 21s points;
Northern Pacific. rs points; Oregon Short
Line, rs points; Northern Pacific, rs
points; preferred, is points; and Union
Pacific trust certificates IL points. Other
notable gains were: Laclede Gas pre-
ferred IL points; New York and st.
Louis, IA points; preferred 21z points, and
Cotton Oil IL points. There were no i'm
portapt losses.
The sales of stocks today were 2S7,6OO
shares.
BONDS.
The bond market maintained a fair de-
gree of strength, with transactions largely
centered in the speculative lines. The ag-
gregate sales were $3,450.0O0 0
Government bonds showed an easier ten
dency
FORFTGN STOCKS
London. Jan 19.-The market for Amer
lean securities after a weak opening, was
steadier on New York buying the close
was firm and the demand moderate.
New York Jan. 19.-The Evening POSTS
London financial cablegram says:
THE stock market here today was quiet
and irregular to dull. Grand Trunks and
Americans had the best markets, al
though the latter were unfavorably affect
ed al the opening by news that the Unit
ed States senate finance committee had
reported favorably Senator Teller's bill
for paying the bonds in silver. The con-
tinent bought Americans and German
buying of Northern Pacific was feature.
New York exchange is closely watched.
especially in view of the ease of money
here. There was a general raction in Ar
gentines. The reference in these dispatch
Austria was based on economic condi-
tions.
AUSTRIAN FINANCES.
New York. Jan. 19.-The Evening Posts
London correspondent cables today as
follows:
An unfavorable view is taken here of
the financial position Of Austria, and #
is based on economic conditions. The
shortage of the harvest in AustriaTHun-
gary is much greater than has been an
ticipated. Advices from good quarters in
dictate that it will be necessary to import
20.O0000O pounds worth of food supplies.
This will have an important effect on ex-
changes. Austria accumulated gold large
" for currency reform. Under the condi-
lions mentioned a postponement of the
currency measures is not improbable
There is evidene that the Austrian bank
lately restricted the sale of foreign bills
a further rise in Austrian exchange
would probably mean the resale of Aus
trian securities to Vienna. so accentuat-
ing the rise. Therefore. 1t is not impos-
sible that a portion of the gold accumu-
lated may be exported. Such prospects,
] believe, will not be without effect in de-
termining the German bank rate. which
IS expected to decline soon. Action on the
matter was deferred today"
LOANS AN EXCHANGE.
New York, Jan. 19.-Noon-Money quiet,
easier, at 2i2 per cent; prime merca ntfle
paper. Sd4 per cent Sterling exchange.
dull and fairly steady. with actual BUSH
ness in bankers bills, $IS4i2G4S42. for de-
mand. Posted rates. $4S3z and S4S5R
$50. Commercial bills. AAS. Bar silver.
563s. Mexican dollars. 45l4.
TREASURY STATEMENT.
Washington, Jan. 19.-Today's state
ment of the condition of ire treasury
shows: Available cash balance, S940, Isl. =
s95. Gold reserve. S62. 909, l02.
GRAIN AND PRODUCE MARKETS.
The following Official range or prices on
grain and proviEions al Chicago Is furnish
"a iEnrs .is- tl1a.ar l,nrr, rr1lsstnn ca