The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-04-29

Depressing Erect-Anthrseite Rates
MISUNDERSTANDING Bonds Active.
New York. April Pa considerable
falling OF OF activity was noted in the
stock speculation today and the char
acter OF the market was almos: exclu-
sively professional and the course OF
prices reacuonary. At intervals con-
dition OF semi-stagnation prevailed.
The opening transactions were favor
ably influenced by higher prices for
Americans in London. Foreign deal
ers were also moderate buyers OF ST.
Paul in this market. Traders in the
initial dealings appeared disposed to
operate on the long side and although
the business was moderate in volume.
il was fairly well distributed. The
low-priced shares attained some prom
inence on speculative purchases and
Lake Erie, and Western aimed an eXcep-
tional IL per cent In the specialties
rise OF 21s per cent in Consolidated
Gas was attributed 10 investment buy
ing. Subsequently, the market became
apathetic and eventually developed hea
viness- The lack OF commission house
orders was clearly evident, and en-
couraged bear demonstrations. At the
same time the offerings Of long stock
were very light, and the declines in
prices were notable. Late in the day
London changed front and TIE appear
ance OF selling for that account inspired
renewed aggressiveness by the local
traders. The international shares
were most severely affected. but con-
spicuOus declines were also noted in
the industrial group. Cable advices
announcing that the Boer government
in the TransvSal had condemned prom
inent mebers Of DR.. Jameson's raiders
contingent 10 the extreme penalty eX-
erted a depressing effect. The profess
SIGNALS also laid stress on the increas-
ing strength OF the foreign exchange
market. Rates. however. are still well
below the gold shipping point. The
strength OF exchange is primarily due
to the scarcity OF commercial bills, to-
gether with the low money rates, which
have caused Withdrawals of bankers
bills from the market. A slight increas
Is also noted in the demand for remit
tances. The anthracite coal shares
were dull and for the greater part OF
the day failed to reflect the impending
advance OF % cents per ton In the an
thractte coal prices for May deliveries.
Later in the day, this group illogioally
declined. New Jersey Central lost Ia
per cent ON sales apparently for inside
account. Manhattan was also con-
spicuous for weakness in the afternoon
session. losing 214 per cent. with a sub
sequent rally of IL per cent. The
closing was quiet but heavy in tone
at general fractional net losses.
Railway bonds were fairly active.
with an irregular movement OF prices.
The range covered was very narrow IN
most cases, the exceptional changes be
ing confined 10 the inactive issues. The
sales were 81 ,321. 900.
Governments were slightly lower on
dealings of $4,000.
FOREIGN STOCK MARKETS.
New York, April 2S.-Evening Posts
financial cablegram:
London-The stock market opened
strong all around and advanced con-
sideraioly but finally collapsed utterly
ON kilograms reporting that the reform
leaders at johannesburg had been SEN
fenced 10 be shut. No one believes
that the sentence will be carried out,
but there is alarm at the suggested
complications, nevertheless. especially
as this news comes just after Krugers
refusal TO visit England Americans
had been. teady &c firm but at the close
were weak in sympathy with the other
markets.
Paris-The market was quiet and
steady.
Berlin-The market here was dull.