The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-22
LOSSES ARE The Rj[E
Sugar and Metropolitan Street
Railway Exceptions.
ORIENTAL WAR CLOUD
London Gets Depression From
Both Sides.

New York, Jan. 21.-Substantial losses
were the rule on the stock exchange to-
day. Sugar and Metropolitan Street Rail-
way were notable exceptions, showing
gains of u to points respectively. Su-
CARS strength was attributable to Wash
ington advices that Hawaiian annexation
was improbable, and Metropolitan Street
Railway advanced on talk Of further ex-
tension A disturbing element in specu-
lation was the grave appearance OF the
Chinese situation, with japan modifying
her forces and France reinforcing her Pa
cific feet. Another matter that attract
ed considerable attention was the an
rouncernent from Washington that vote
would be taken next Thursday on the
Teller resolution. Commission houses
seemed the principal sellers during the
day, and there were large2s realizations
in Northern Pacific preferred, which re-
ceded 1 point. Talk of the increased like
Iihood of the consolidation of the local
gas companies brought about an appre-
citation in value of IA per cent in Consol-
idated Gas. A feature of the arbitrage
trading was the buying Of Ontario and
Western. The drive against New Jersey
Central was on the court Of appeals de-
trust cases. The price broke badly and
left off at lh points decline, unfavorably
affecting the general list Among the de-
clines were American preferred and Ten
nessee Coal and Iron, one each, and chi
cago and Eastern Illinois preferred, rs
points. Among the advances were Central
Pacific, IA points, Illinois Steel. IL per
cent; Pittsburg, Cincinnati, Chicago and
St Louis, preferred, y per cent.
dow
600 shares.
BONDS.
The bond market was active, with
marked demand for the trans-continental
issues apparent. The aggregate sales were
S4.04S coo.
Government bonds continued to sag.
with the new tours leading.
FOREIGN STOCKS.
London, Jan. 21.-In the stock market
today all-around weakness prevailed, due
to the discussion in the United States
congress of the Cuban situation and the
situation in the far east
New York, Jan. H.-The Evening Posts
London financial cablegram says:
1.-The condition of affairs in China and
Cuba. the London Times leaders thereon,
and the test vote silver in the Uni
ted States senate depressed the stock mar
ket today. The close however, was above
the lowest. Americans were dull and gen.
orally lower for the day. Ontarios had an
exceptionally sharp rise, on the revival of
the rumor that Chauncey NJ. Depew
would go on the board of directors. Out
of-the-way companies having any connec-
ton with the Klondike were inquired for
On bull commitments, Grand Trunk and
Canadian Pacific were lower. Copper
shares were extraordinarily strong. Rio
Tintos being the highest on record, on
Paris buying. Published details of the
new Indian currency scheme show that
the rates at which the council is will
ling to sell Geographic transfers against
gold deposited here are so high that prac-
ticaly the scheme will only be used by
eastern bankers as a last resort"
THE WEEK IN STOCKS.
New York, Jan. 2l.-Bradstreet's finan-
cial review tomorrow will say:
Irregular speculative conditions have
prevailed during the week Realizing of
profits and bear attacks on prices have
been seen, the latter being based on the
revival of the Cuban agitation in the
house of representatives at Washington,
and of silver measures in the senate. On
the other hand, with declines there were
evidences of buying and in one portion
of The market a normal degree of strength
has been shown. This group included the
stocks of the Northern and Union Pacific
and the companies whose titles include
the name of Oregon. The basis for their
activity and strength was the growing be-
lief chat the companies in question viii
obtain an enormous amount of traffic in
the coming spring and summer from the
transportation Of passengers and freight
destined to the Alaskan gold fields. The
strength shown in this part of the mar
ket TO some extent counteracted the bear
in, Of f,A
market In the bond list, which was very
active. though not to such an extent as
last week, the features were also largely
furnished by this so-called "klondke"
group of companies. Another feature was
the local traction stocks, but Manhattan
was subjected to more or less realizing,
and Metropolitan Street Railway. which
advanced to 1881 per cent suffered a mid
week decline. London itself was not a
factor in the market here; in fact, the
public there was inclined to take an I'M
favorable view OF the revival of silver ag-
itation in congress. On the other hand.
Berlin and Amsterdam have %een large
purchasers OF Northern Pacific and Tn
ion Pacific securities. The industrials,
with the exception of Sugar were neg
lected. and that stock was irregular and,
generally speaking, weak, except when
covering of the short interest gave ii
temporary advances. Inc NanderbiltS
were strong in spite of some speculative
realizing. and the grangers followed, in
stead OF leading, the course of the gen.
eraI market. Among the outside special
ties. the feature was the rapid advance
In Standard Oil nquidating certificates
which touched 1913 per cent, the highest
price on record.
LOANS AND EXCHANGE.
New York Jan I.-Money on call easy
at I2a2 per cent; last loan, >. Prime mer.
camille paper. sass. per cent. Sterling ex-
change firm; actual business in bankers
bills at $4S4ssGAS4Sa for demand and al
SiS2lsd4Sess for 60 days. Posted rates
1851 S3la to s.. S5i4G4S6. Commercial bills
SiS2. Silver closed 57l2c; bar silver, 573s
Mexican dollars. 45c.
TREASURY STATEMENT.
Washington. Jan. 2l.-Today's statement
OF the condition of the treasury shows