The Wichita daily eagle., 1898-01-06
railroads EARN MORE
Union Pacific Committee
Makes Final Payment.
BULLS ARE ENCOURAGED
Though the Dealings are
Largely Professional.

New York. Jan. 5.-The failure OF the
bears today TO effect declines in the
stock market encouraged aggressive
ness in the bulls. There was growing
! feeling, also, that recent utterances by
pointing 10 poor returns onetaoinnn
railway officials pointing TO poor re-
turns on account OF the contracts and
rale-cutting were not fully warranted
and were designed TO influence public
opinion and the action OF congress. The
days report OF railway earnings came
TO reinforce this view. St Paurs earn
ings for the last week OF the year were
second only 10 those of 1892 for the cor
responding period. Missouri Pacific
shows an increase in gross earnings for
the last week in December of s254. .060:
Chesapeake and Ohio OF .s4.645; and
Kansas and Texas OF $685. The de-
tailed statement for October OF Cleve-
land. Lorain and Wheeling started act
i've buying OF that stock in the final
hour. which carried the price up TO 151s
per cent, compared with recent prices
OF IS per cent Finally the Union Pa
cific reorganization company presented
its check 10 the assistant treasurer to-
day for IS. .53S 40l. which is the final pay
ment on account OF the Union Pacific
sale. The consummation Of this, which
has been a disturbing feature in the
money market for month. and the alb
sence of furry on account OF il in the
| money market today were viewed with
relief The future ease Of the money
market was assured so far as govern
ment operations are concerned This
encouraging combination Of circum-
stances served to put an end to the
bear campaign today and turned the
tide in favor OF the bulls, though the
days business was still largely confin-
ed to the professional traders.
Total sales of stock today were 23s.-
/ 700 shares.
BONDS.
The bond market took on increased
activity and strength in sympathy with
| stocks. and prices were generally high
| er. Total sales were s.. Jos. 900.
United States new fours were one
half per cent higher bid; the fives were
! s per cent higher and the old fives
ranged unchanged. New fours. register
| ed and coupon. 12sA: fours 112L; cou-
pom 1888: twos eelz; United States fves
registered and coupon 114is; Pacific S's
Of 'ss, 103A:
FOREIGN STOCKS
| New York, Jan. 5.-The Evening
| Posts London financial cablegram says
The stock markets were quiet but
strong today. The feature was the rise
IN Grand Trunks on professional sup
| port here and from Glasgow. There
was further rise in China and Japan.
Union Pacific was strong but closed
weak. Gold was 1224d. Money is very
tight in India and a further rise in the
] bank rates there tomorrow is probable.
| New South Wales announces the issue
/ Of a per cent loan for ], 500. 900 pounds
/ at 90.
LOANS AND EXCHANGE.
/ New York. Jan. 5.-Money on call
| firm at 3Gs 1-2 per cent: last loan 3l-2
/ per cent Mercantile paper 1924 per
cent Sterling exchange firm. with act
uaI business in bankers bills at s4.s56
4s5l-s for demand and at s4s7 5-s7
4s7 "a for sixty days. Posted rates
| s4s31-214 Commercial bills SASH
/ Silver certificates 5s 3-4d5s Bar silver
! 56 5-s. Mexican dollars +5 1-2.
Don't Quit Golf when saow File.
Blu. board the Santa Fe's quick Cslitor-
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links They play there al winter: 50
may you.