The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-04-09

Not Affect the sub-Treasury-Rumors
of Presidential Message on.the Cuban
Question Starts a Selling Movement.
New York, April S.-The stock market
was irregular today on a moderate vol
ume OF business. The dealings in the
main were professional. In the early
trading fair movement was noted
with general Improvement in prices, the
advances, however, being confined 20
fractions Tobacco developed marked
weakness early. in contrast 70 the gen
eral trend of prices, ard lost Is per
cent At the low point covering pur-
chaSes caused a rally OF 2is per cent, 20
s412 per cent. The closing was near the
best figure Of the day. An advance of
is per cent in Manhattan was attended
by a revival of the talk of extension
privileges from the city authorities. An
improvement of is per cent in New
York, Chicago and st. Louis second
preferred had not been explained up 10
the close Of business. The general ad-
vance was checked at the expiration OF
realization orders, in which Sugar bore
the brunt Of the selling. The announce
IN gold 10 be shipped tomorrow on Rus
sian account was on the theory that
this shipment would be the forerunner
OF other exports. The market. however,
did not respond to any noteworthy ex-
tent The shipment mentioned. togeth-
er with the sS00, 900 forwarded yester-
day, is drawn from financial institut-
tons and does not count against the
treasury gold reserve. Renewed pur-
chaSes of a speculative character gave
a firmer tone TO the market around mid
day and caused a slight appreciation in
prices. General Electric advanced
about point on Boston purchases and
some local pool buying. Late in the af-
ternoon rumors from Washington. in
Timating that message from the presi-
dent in relation TO the Cuban situation
might be expected shortly. together
with slight stiffening in the rates for
money, exerted a depressing effect upon
prices and a general selling movement
started in. Special pressure was direct
ed against Sugar, which dropped 2n
per cent in the face of the news OF a
further advance in the refined grades
or the product The grangers, Louis
vile and Nashville. General Electric
and Chicago Gas were also vigorously
"a
The closing was weak in tone, with the
net changes fractSonsn lower. The to-
tai sales Of stocks today were l4S.775
shares, including: American Tobacco
25.2OO; American Sugar 80. 500: Burling-
ton $500; Chicago Gas $500; General
Electric 10000; Louisville 800: North
ern Pacific $500; Rock Island 1000: St
Paul 1000; Tennessee Coal and Iron 81
400; Union Pacific 940O
Business in bonds was on an increas-
ed scale, aggregating ST. 49,, 900. Firm
ness prevailed until late in the day,
when the market reacted in sympathy
with the easier tone of the stock specu-
lation The Atchison issues were ex-
ceptionally weak and yielded IL per
cent and per cent, respectively, for the
fours and seconds.
Governments were neglected but were
steady on sales of $1,000.
SECURITIES LISTED.
New York, April S.-The committee
on stock list Of the stock exchange have
the following securities: Northern Pa
clf1c. S13,O00,000 second mortgage trust
receipts; Iowa Central railroad. $237. 200
additional common and s27, 900 addition
al preferred stock, making total amount
listed SS,456.O00 common and s.. 569. 300
preferred; Oregon Short Line and Utah
Northern Railway company, s75s, 900
trust receipts for Utah Southern general
mortgage per cent bonds OF 1909 and
1885, 600 trust receipts for Utah South
ern extension bonds; Edison Electric
company, OF Brooklyn,
$4,000 additional first mortgage 5 per
cent bonds Of 1910. making the total
amount listed $1,000. 000
BANK CLEARINGS.
Philadelphia, April S-Clearings 80
lS0.767; balances $1,778.S1O.
Baltimore, April s.-Clearings s.. 2s4.- |
lO9; balances 1876, 5s4
st. Louis, April S.-Clearings s.. s69.- |
l6; balances S5S4.69l. Money 6ds per
cent New York exchange 40 cents
premium bid, 60 cents premium asked.
CHICAGO MARKETS