The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-05-20

New York. May 1e.-No Improvement
was observable in the character OF the
stock speculation today. The volume
OF business was on the recent moderate
scale ana the distribution OF the recent
trading was very poor. Sugar scored
one-hak OF The entire total The stock
mentioned was under continuous pres
dency OF this speciality has been quite
marked recently, although stemmed at
intervals by supporting orders and by
covering purchases. but renewed iiQ-
uidation carried the prices down per
cent today 20 10 per cent L Is under
stood that large lines were purchased
some time ago in anticipation OF q lar
ger German export bounty than has ac-
| tually been fixed and in expectation OF
q sharp reduction in the Cuban crop
on account OF the insurrecuOn in the
| island. The domestic raw sugar mar
ket has fallen \ cent per pound IN the
past hve days, and the American Sugar
company is known 10 be carrying a
large stock Accordingly lower Wall
street Is blue and has been selling its
| n. I
eral market was downward, although
the losses except in a few instances were
confined 10 fractions. Al the outset
| the speculation was firm IN tone, a.
though the foreign houses were in re-
ceipt Of but few orders. aside from the
Northern Pacific bonds, which were
/ taken in round amounts. owing 10 the
| impending launch OF the new company.
1 NH S~h fz Tfsft I I'm r7-.-
| date the receivers are expected 20 be
relieved OF their duties. The raid on
/ Sugar. together with the apathy in the
general market, encouraged the bear
professionals TO make demonstrations
| against various stocks with the result
OF causing general recessiOns. The
| trading in Rubber shares attracted
more than usual attention. owing TO the
annual meeting OF the stockholders and
the publication OF the report OF opera
| tons for the year. a contest for con-
troll OF the property had been expected
| but did not take place. The common
rose \ per cent, TO IS per cent, and the
! preferred reacted PA per cent, 20 50 per
cent The preferred reacted TO 81 per
cent. The list generally exhibited a
| better tone in the late dealings and
some recoveries in prices were made.
The closing was steady, with the net
| changes slight losses in most cases.
Railway bonds were more active,
with brisk foreign inquiry from the
| Northern Pacific issues. The market
was generally firm. although some ir-
regularities were noted. The sales
were 81. 900. The principal gains
were: General Electric debenture fives
| 2 per cent; Northern Pacific seconds, st.
Paul firsts, Southwest division, IL per
| cent; do guaranteed sevens and Cincfn-
natl Dayton and IrontOn fiveS ! per
| cent. The more noteworthy declines
were: Virginia Midland generals, 3
Per cent; Utah Southern generals trust
receipts pa per cent. and Baltimore
and Ohio fives do. Parksrsburg skies
and Oregon Improvement consol fives
trust receipts per cent.
| Government bonds were quiet and
steady on dealings OF s60O0o
FOREIGN STOCK MARKETS.
New York. Stay 1s.-Evening Posts
| London financial cajblegram:
The approaching holidays are sitting
| business in the stock markets. The
| tone was irregular today. South AM
erican and Argentine issues were low
er on speculat tive realizations before the
| holidays Home and American rail-
| ways were firm. the latter closing under
/ the best ! have reasons 20 think that
| efforts are about 10 be made here 70
| induce a fresh squirt in Americans Some
Japanese money will probably be dis
bursed in London tomorrow. making
| money slightly easier here.
The Paris bourse remained dull
| The Berlin market was steady.