The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-12-06
Stocks and Bonds:

/ New York, Dec. 5.-Today's market
! somewhat reversed the speculative posi-
! ton Of yesterday. The early part of the
! day showed continuance of the reac-
/ tionary tendency. London took its cue
+ from the depression here yesterday and
sold the Americans, offerings from that
source amounting to some 10000 shares.
/ The professional traders also continued
I 5earish and sold stocks short, but it be-
/ came obvious during the course of the
day that there was no urgent pressure to
liquidate. Call money went to per
cent again today and the movement of
currency TO the interior continues una
bated. Today 10000 was transferred
through the sub-treasury TO Chicago and
$4,000 to New Orleans. This rate of de-
pletion IS far too large to permit Of
any extensive credit expansion by New
York financial institutions, and would
not require long continuance to force
2 sharp contract ton of loans. It win
be remembered that IN the period of de-
preston preceding the election bankers
were practically unanimous IN the opin-
ion that resources must be conserved
for the enlarged requirements Of business
after election The out-pouring Of candi-
dates after election however. was on
such large scale as to overwhelm all
demands and force an easy money rate
in spite Of the furious speculation which
ragged for several weeks. So, after enor-
nous dnrOads have been made by such
speculative commitments as well as by
investment in securities upon available
credits the expected demand for money
is manifesting itself. The movement Of
currency to the interior, which has con
dnued on large scale now for the best
part Of week and the very large
volume Of interior bank clearings ara a
4
money through the country. An active
money market is generally expected be-
tween now and the first of the year,
after which the January disbursements
are expected to make for easier money.
A loan contraction by New York banks
seems, however, highly probable. and the
effect on the stock market viii be meas
red by the financial resources Of those
holding stocks. A period of quietude n
speculation and a gradual liquidation OF
weak accounts is a safeguard against
such a situation. The second points in
today's market were amongst the low
priced minor stocks the Fries, Peoria
and Eastern, the Wabash issues the St
Joe and Grand Island stocks and others
of that class being conspicuous. Atchi-
son preferred and Missouri Pacific were
also strong, and Brooklyn Transit and
the Steel stocks were in demand
Oi'9Ii1s prices Oh STOCKS were as follows:
AtchisOn pfd 81 Tex. q Pac... 2O5s
BALTIC. & Ohio. 1885 Union Pac 49,. IT'S
Can. Pac ...... $ do pfd ........ SIS
can. South " "a Wabash ........
Chesa. & Ohio. 80 do pfd ........ 22A
chi, Ct. W.. las W heeL & l. Il. 10A
Chi, b. q Q...L0sl DO % pfd...... 2612
Chi. Ind. q i. - Wis. Central 1925
DO pfd ........ 81 Adams Elk Ito
Chi. & T. H.. " Amer. Elk .....160
Chi & Northw.l68 a L. S. Elk ........ 40
Chi r l. & P.143sI Wells Fargo. .132
C.CC & St /. 651sI Am. Cot OIL. e05z
Colo. South &C.. Z do pfd -....... 80
do 1st pfd o.. 4234l Amer Malt .... /
do ID pfd .... 1872. do pfd ........ IS
FJeL & Hudson .1151z Am. SIN. q Re. 5l52 /
Del, J.. q W..1Sl12 do pfd ....... IS
Den. & RIG pfd 70 Amer Spirits. "a /
Erie .......-.... 1875 do pfd ........ IL (
do 1st pfd.... 4}12I Am Steel Hoop 273s /
CT North pfd.179 do pfd ........t76 /
Hook. Coal .... i Am. Steel & W. 4zfs /
Hook Valley. 3S24 do pfd ........ S514 /
H. Central. ...l24 Am. Tin Plate. 42l2 (
Iowa Central y do pId .......-- Sll2 /
do pfd ........ IS Amer Tob ....l06's /