The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-18
STOCKS CLOSE STRONG
Improvement is Fractional to
More Than That.
FALLING OFF IN BONDS
But Undertone Strong and
Many Issues Advance.

New York, Jan. f.-Standard shares
show a fractional improvement on the
day, except in the case Of some shares
inwhich special influences were operating
IN their favor and in which the improve
Inent was more marked. The dealings
were widely distributed and had gener-
ally healthy tone. Stocks sold Friday and
Saturday on the ground of possible for
eign complications, were re-purchased to-
day, total dealings amounting TO nearly
half a million shares. London and the
continental bourses were sustaining fac
tors although the purchases for foreign
account were meagre, as the local market
early outstripped the foreign initiative
towards a higher level. Pronounced &C
tivity and strength were displayed IN the
local transportation shares, Metropolitan
Traction making net gain of 612 points.
That security was marked up by its
friends on rumors Of closer relations TO
Manhattan Elevated, it being reported
that with the installation Of an electrical
equipment for the Manhattan Elevated,
the Metropolitan property could effect
saving by utilizing the electrical power.
This rumor, however, received no pub
Hshed confirmation. Sugar in enormous
transactions made q net gain Of z. point,
although in the earlier transactions there
was considerable weakness noted in that
security. The old subject was brought up
Of whether Hawaiian annexation would
be followed with free Importation of Ha-
waiian sugar and the probability that by
midsummer that there would be compeu-
ton between sugar refineries now being
erected. Stocks of properties located In
the Pacific northwest were genrally bne-
- - -.
traffic owing to the Klondike boom. Ore
gon Railway and Navigation company
had earnings from July l to November 80,
said to be very large. Burlington, St.
Paul, Northern Pacific and Union Pacific
were strong The noE-apeparance of the
Nebraska maximum freight decision was
a sustaining factor in the days news.
Brokers seemed to give some credit to
the reports of closer relations in the man
agement of ali Vanderbilt railways Lake
Shore, Michigan Central and New York
Central were particularly strong, showing
approximate gains of points. National
Lead, on very small transactions, was
fractionally higher
The fact that New York and Chicago
are rendering money on the London and
continental markets continues to be a IA
vorable factor, the foreigners so far hav-
ms liquidated their debt for Americas
Unparalleled exports only to the extent Of
returning some American securities. In
today's market the gains of Importance
was Consolidated Gas, 2; Wells-Fargo. 4;
Manhattan, 22s; Oregon Railway and Nav
igation, Az; do preferred, ia; Pittsburg,
Cincinnati, Chicago and st. Louis. 134;
Western Gas Company, .; Wisconsin Cen
trail. ,, and the stocks closed strong.
The total sales of stocks today were
ass, 800 shares.
BONDS.
The bond market showed a falling off
in transactions but a considerable under
tone of strength was evident, which was
reflected in substantial appropriations in
many OF the usually dormant Issues. Seat
tie, Lake Shore. and Eastern first trust
receipts jumped points, to Y per cent.
on reported competition for control of the
road, but subsequently lost one-half of
the rise. Wisconsin Central first trust
receipts were also in urgent demand and
gained 4 per cent. The aggregate sales
We're So, 900.
Government bonds showed heaviness,
the fives and new tours losing slightly.
New tours registered 12sG12S1s; coupon,
1891; fours, 1924; coupon, 1149s; fives reg
istered, 1875; coupon, u45s; Pacific skies
of 80. 1924.
LOANS AND EXCHANGE.
New York Jan. 17.-Money on call NOM
inally 2la@3 per cent; prime mercantile
paper, 3G4 per cent Sterling exchange
dull with actual business in bankers
bills at S4S4@4 for demand, and at $4.S21aq
4S234 for 60 days; posted rates, ASSG4S3lz
and 81 S5lsd4S6; commercial bills, $4.S2
Silver certificates, 57l2d5S12; bar silver,
57Is; Mexican dollars, 46c.
TREASURY STATEMENT
Washington. Jan. 17.-TOday's statement
of the condition of the treasury shows
Available cash balance, s240S47, 994; go!d
reserve. S162, 52S. 775.