The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-04-12
VERY LITTLE DOING
STOCK TRANSACTIONS THE LIGHT
EST FOB MANY YEARS.

| III STOCKS lOudy JUGS iOl Sd4l AOI c3tcuO-
ed comment. The only dealings were
the smallest that have been recorded in
many years, footing up about 5000
/ shares. London prices were slightly
| lower, but the local market was sustain
/ ed by purchases TO cover shorts. The
publication OF the government crop re-
port failed TO exert any influence upon
prices, although the condition Of winter
wheat, III, is the lowest for twelve or
more years, with single exception. The
| railway list made general fractional
/ gains. Sugar absorbed interest in the
/ industrial list and advanced an import
ant fraction. Tobacco was practically
| neglected, but moved up Is per cent.
| The market closed almost stagnant, but
! firm in tone, at general slight improve
| ments.
THE WEEK REVIEWED.
The speculation of the week has been
dull and entirely professional The
| course of prices, generally speaking,
was irregular, witha sagging tendency,
and final sales record concessions in
most instances, with the grangers, as
group, the chief sufferers. The formal
action of the house of representatives
at the outset of the week favoring recog
| milton Of Cuban belligerency, was a fore
gone conclusion, but the overwhelming
majority by which the vote Nas carried
disturbed local financial sentiment. The
professional dealers sold stocks, antici-
pating a depressed market for Ameri-
cans in London. The news, however,
was received abroad with marked con-
/ servatism and accordingly the bears
took in part of their lines. Flesh VEN
lures were subsequently made on the
bear side in anticipation of an early Of
fetal statement from the president en-
phasiZing the popular sentiment in ia,
vor Of Cuba Accordingly the chages
on this subject were rung at intervals
and number of successive reports en-
anated from Washington purporting
to define the attitude of the president
Their tenor was decidedly conflicting
and served alternately TO depress or ad-
vance prices. Washington houses figur-
ed actively in the transactions. To an
textent, apprehension of gold exports
has restricted business on the stock ex-
change, owing to the strength of the ex>
change market. Later in the week,
however, rates eased off to a point that
would preclude exports of gold on
purely exchange basis. The weakness
in exchange is partly due to the opera
ton Of number Of sterling lonas, OF
Importance only IN the aggregate
amount. The demand for exchange
has been very light, offsetting the con-
tinued dearth Of commercial bills. Il
is understood that any shipments that
may be made in the immediate future
will be for Russian account and would
be practicable only on account of the
! special inducements. The dullness OF
2 h. IL IL l.
ed any appreciation in the rates for can
money, and a tendency towards relaxa-
ton is noted in the market for CONNER
cial paper. An important develop
ment of the week that will undoubted-
ly cause general improvement in the
earnings of many transportation lines
is the iron-c1ad agreement entered into
between the roads included in the South
western Traffic and Transcontinentai
associations. The agreement covers
| the steamship lines Of the Southern Pa
cific and other companies and IN most
| of its details resembles the contract be-
tween the New York Trunk Line and
connecting roads. tocks Of various
iron and steel companies have been IA
vorably influenced by the improved con
dition OF those industries. A noteworthy
incident bearing upon the reorganiza-
ton OF the Northern Pacific propertie,
is the settlement effected by the reor-
ganization committee with the holders
OF bonds Of the Couer d. Alene division,
following upon the arrangement con-
cluded with the holders OF Northern Pa
! cific and Montant firsts> Sugar was
advanced by pool buying and by report
ed favorable trade conditions, but sharp
recessions occurred at intervals. To-
bacco suffered from persistent liduida-
ton by inside interests and was also
hammered by the traders on revived
rumors Of litigation to restrain the pay
ment Of the 20 per cent scrip dividend
Covering OF shorts led TO sharp fiuctua-
tons al times, but the price eventually
receded 20 SOS per cent. against SO per
cent, the final price week ago. The
closing transactions show a net loss OF
8 per cent Manhattan left of with a
net gain Of Is per cent on expectation
Of increased extension privileges. The
annual report OF the Burlington was IN
favorable. but its publicau ton appeared
10 have been discounted. The aggre-
gate sales were 746.722 shares.
BONDS.
Business IN bonds footed up s275.O
The tone was firm.
The movement OF prices for the week
was irregular, with a declining ten
dency. NOthern Pacific issues were the
features and displayed strength on de-
velopments in connection with the set
Elements with some OF the branch lines.
Northern Pacific and Montana frsts
gained several points but did not main
tain the Improvements Sharp losses
were noted IN Kansas and Texas and
the AtchiSon issues. extending 10 IA
per cent in the adjustment tours OF the
Ia -
were t5,SSO.0o0
Governments for the week ruled firm
and higher on purchases OF S2II. so
BANK RESERVE INCREASE.
New York. April 1.-THE New York
Financier says this week: The state
ulent OF the Associated Banks OF New
York for the week ending April II for
the first time n sixty days shows an
increase n the reserve. the gain for
the week being nearly & 900 GO. The
banks gained n cash. according 70 the
report 81 "a 200. This result N view
OF the changes incident 20 the week. va.
not what had been expected, as the pre-
Hminary estimates PLACED the loss 20
the banks from suo-tre2su-y operations
and gold exports a. S2.o5o. 600. The net
interior movement had probably bean
greatly underestimate. however. since
The loses mentioned were not only made
Up. but the statement brings the banks
on, with !I.259. co more cash than they
reported on hand a. the close Of he
previous week The only importance.
= the statement IS a correct average. &;
that the interior movement made Up FOR
the losses incurred n other transac-
lions. The rising premium CT New
YORK exchange az ali interior cities =
plain evidence Of the drifts q funds
= tbs a--Ac.-an ana rhLs an. "a