The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-05-26
LONG FACE DRAWN
LAST WEEKS CLOSING CHEERFUL
NESS IN SHARES GONE

BosIness Moderate, Tone Depressed and
Prices Attacked by Board Room Pro
ACKNOWLEDGEMENTS of over q
Million and half of Gold for Shipment
and the Expectation of More to Follow
Reaction includes Realixations OF
Profits From Last week-Msnhattan
the Chief Sufferer on the Declines
New York. Nay 25.-There was no re-
Election in todays stock market OF the
cheerful sentiment that had character
lied the closing speculation last week
Business was on moderate scale and
the tone OF the market was depressed.
vigorous efforts against prices being
made by the board room professionals,
particularly in some Of the specialties.
The bear contingent had absolute con-
troll OF the dealings after the first hour
and soon developed the existence or
stop orders in several properties, Iota-
bly, Manhattan. The unfavorable in
fluences bearing upon prices included
the engagement Of S1.550,000 in gold Tor
shipment TO Germany tomorrow and
the expectation OF increased exports
later in the week; an unsatisfactory
showing Of earnings by the ST. Paul
for the third week, and falling on In
the Chicago tonnage eastbound. The
last mentioned item led 10 some selling
of the granger and southwestern shares.
as confirming the reports OF the slow
movement OF old corn. The reactionary
tendency induced realiZat.ons or profits
accruing on last weeks rise, and there
was also evidence OF liquidation The
market did not receive any assistance
from the feroign financial centers. ow-
ing 10 the close observance of the Whit
suntide holidays in Europe. The sell
ing pressure became quite marked as
the progressed, some OF the usually in
active stocks receiving the unwelcome
attention OF the bears and the greatest
weakness was displayed in the closing
operations. The final prices were at tn
lowest of the day.
The market opened irreg ular, with the
more important variations in prices con-
fined 10 the industrial group. Tobacco
started in l per cent higher and Lee
Clede Gas ~ per cent lower. The tone
steadied shortly and general fractional
recoveries occurred, the market having
ments. The dizziness that ensued. how
ever, inspired a drive against the list
after II O'Clock and under sales for both
accounts, declines OF 1884 per cent
were recorded in the prominent stocks.
with Manhattan the chief sufferer. The
break in the last mentioned was con-
sidered due TO realization of profits. La
Clede Gas fell pa per cent, to 234 per
cent, on liquidations and closed within
a fraction OF the lowest, despite the de-
claration OF the regular semi-annual d.
vidend Of 21s per cent and OF an extra
disbursement Of / per cent on the pre-
ferred stock. Sugar broke 21s per cent
and was especially weak at the close.
although some improvement was noted
at the outside on the announcement OF
further advance of u per cent in the
refined grades Of the product. TObac-
CO broke Ia per cent from the top notch.
The grangers, louisville and Nashville,
and Southwesterns averaged about a
point decline. Considerab BILE comment
was excited by decentralization in Brook
lyn elevated bonds prices today on liqui-
dalton attributed 10 the acute shrink
age in earnings due 10 the trolley COM
petition. Union Elevated flrsts decIIn-
ed 81 per cent. TO s3la per cent, with i
recovery TO S4& per cent Brooklyn
firsts lost So per cent, 10 IS per cent.
and Brooklyn seconds 10 per cent. 10
30 per cent.
The total sales OF stocks today were
12S. $50 shares, including the following
American Tobacco. 100: American Su-
gar, 10000; Burlington and Quincy, g.
900; Louisville and Nashville. $500;
Manhattan, $500; Northernu Pacific. g.
600: st. Paul. $500; Wheeling and Lake
Erie, 1000
The bond market displayed weakness
approaching Generalization in some in
stances, and particularly in Brooklyn
l. Issues. elsewhere referred TO. For:
Worth and Denver City ffrsts trust re-
ceipts, lost 81 per cent and Omaha aud
st. Louis firsts trust receipts per cent
The recessions among the more promI-
nent issues were fractional. The salee
were S623, 900. The more important OF
the other declines ranged from l 10 2
per cent.
Governments were weak and lower on
sales OF 81 900.
SILVER SHIPMENTS TO DATE.
New York. May 25.-The exports OF
silver from this country 20 Europe up
TO last Saturday amounted to about 81
100000. as against about SI3, coo, 900 In
the same time last year. The increase
represents silver shipped 20 Paris FOR
coinage into Russian roubles. The re-
qufrements for this purpose are under
stod TO have been practically filled for
the time being. Silver Is quoted az
ssh per cent bid. an advance Of 4 per
cent from last weeks final price.
xApvRIOUs RFs1r. ia