The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-04-10
BUSINESS is LIGHT
THREE SHARES MAKE Up LARGELY
THE STOCK MARKET.

IoD8cCo Is frOminent, tiOsins Ne1f Aes
Low PoInt-Bears Make a Target of
Long Stock-Washington Runners FAN
to Substantiate-Atchison Bond Issues
Notably Heayy-South African Mines
Uneasy About Cecil Rhodes.
New York. April s.-The share specu-
lSaicn today shrunk considerable below
even the slim record OF Wednesday. and
the movement was even less interesting.
Only three stocks in the regularly active
list recorded a respectable total OF deal
ings, and, reducing Tobacco 70 full
stock. left only St. Paul and Burlington
entitled 10 distinction in this respect
The course OF prices was irregular. Lon
don came lower. but selling for nlis ac-
count was an inconssiderable factor. The
failure OF the sensational Washington
rumCrs ahat had been current yeSter-
day afternoon. TO materialiZe, helped 70
cause a firm opening. The initial deal
ings were quiet, with prices rather ir-
regular. Tobacco soon became uhe cen
ter Of the attraction, and although the
first sale was at a fractional advance,
the stock developed weakness on free
offerings. losing % per cent The ar
nouncement OF the suspension OF
member OF the exchange had no effect,
as his embarrassment had been dis
counted. Towards the end Of uhe flrSst
hour reports gained circulation sug-
costing aggressive action on the Cuban
question by the president, and a selling
movement was inaugurated in which
houses with Washington connections
were quite active. Sugar yielded Is
per cent, Burlington and Rock Island
1Is per cent. and sharp fractions were
lost in a number of other shares. To-
bacco inconsiStently displayed agrees
i've strength at this junCture. and sold
up IL per cent, TO S4% per cent. the
chief inquiry coming from the shoS-ts.
The rally was soon lost and the sick
closed near the lowest point OF the day.
The publication Of the annual report OF
the Chicago, Burlington and Quincy,
though unfavorably regarded. failed 70
exert any special influence, as the state
men.ts presented from time to time dur
| ing the year foreshadowed the actual
result There was some selling on the
exhibit, but the general market was not
/ affected. During the day the bears were
emcoura ged by the dullness TO look for
weak spots. and IN some Instances sue
ceeded in dislodgfng long STICK. The
later dealings were marked by a stedaer
tone and general recoveries were made
The volume Of business, however. was
! unusually light A decline OF l y per cent
/ IN Cotton Oil preferred was aatrbured
/ 10 he announcement of the resignation
OF the president of the company. In the
! final operations the course Of values
was irregular, within a narrow range,
and the close was ait general fractional
net declines, despite an easier tendency
in the rates OF foreign exchange.
| BUSINESS in railway bonds was almos:
entirely confined 10 the Northern Pa
cffic issues, with the oonsol fives most
/ prominent. On the other hand. Atchi-
| son issues were notably heavy and
scored material losses in the general
fours and adjustment fours. 1.-THE mar
| loet otherwise ruled fairly nrm on
transactions Of 81. 1874 900.
Governments were active and higher
/ on dealings OF $145, 900.
FOREIGN STOCKS AND MONEY.
New York, April e.-Evening Posts
London cablegram:
London-Investment stocks weT'
Istrong. oonsois leading, but the ap
proach OF the settlement, which com
me1ncess in mines on Saturday. ha:
checked specula ton Mines are dull or
III. reported serious illness OF Csci
Rhodes Americans were dull on the re'
| ceipt Of New York prices. Zach mar
kst now blsmes the other for not ne
spending TO its rise. There IS absolute
" no pubic interest here in Americans
and therefore strong Initiative VIII b'
required TO induce activity. il Is un'
der'stood from a particular quarter tina.
fears are expressed IN America OF sale:
here OF American bonds. 1t e needless
TO saw that this entirely depends on the
course OF congress towards the cur
rency. II IL were not for fears here tina
the United States Is drifting towards Z
silver currency, such bonds would rise
South Americans were weak on a fur
4her rise in the Argentine gold pre-
MUM.
The coin and bullion in the Pank q
ENGLAND decreased lS4, 900 pounds tht
week, although 241,0oe pounds in golC
were imported for the week, namely
70. 600 pounds from China, $1,000 frou
Australia, 81. 900 in bags bought, 500
from Paris, and 5000 from Portugal.
The only feature IN n. returns Is th'
increase of S.5O0.0O0 pounds in other de
pueites, and a similar decrease IN n
pubic deposits, both movements due q
day shows the follow suS. founder -yu
the rsayment OF dividends OF conso}s.
Paris-Bourse has been steady bu
closed dull.
Bernn-Steady. T. Is reported tha
the japanese government may open a.
\ account al the National banks sinlila-
70 the former operation wEh the Banl
| OF England. but at present this Is mere
y a rumOr.
| Ionsssyn. APRIL 9.-T-ne weekly state
rre1lt OF the Bank OF England Issued 70
day shows the following changes a
onmpar.sd with the previous account
J Reserve. Increase 1000 pounds; circula
, ,S1, decrease l9s 600: bullion. decrea =
lS453s: other securities. decrease 4Ss
900: other deposits. increase 2,5s2.eol
public deposits, decrease 3.4ss,0rp; note
reserve. decrease a. 90; government -
} clIrities. de--rease I. 90. The pToPoCtio'
81 the Bank o. EnEland's reserve 70 Ia
bsE-v. which last week was 55.2s %
cent f. now 5s1s per cent The Ban
% E1giand's rate OF discount remain
unchanged 81 2 per cent
Paris, April s-Ty0e weekly staoemen
o, The Bank % Franc. ISSUED rossh1
shows the following changes al co-n
, I pared with 1tle previous account Note
n circulation. decrease 5.001 90 franc
[rasury accounts curTenr- decTea3s %
rs. oco: gold n hand. decrease z.s15.op'
brls discounted. decrease $500 90. =.
yer IA hand. decrease 2.15h. 80
BANK CLEARISGS-
PalafelphSa- April s--ClesariuSs 30
az. 3os: balarlces 81 .sl5.722.
Baltimore. April s.-C5ssriaZs sel3s
$50: balances S3ls -s5.
s. Dpuis April s-Cisa-iags - -
ios: balances .4ss So Moasy sSs y
cent.
CHICAGO NARKETS