The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-05-31
WEEK GOES SADLY
SPECULATION DULL AED MATER
IkL CONCESSIONS OCCUR

London Not Ffsarfss Extensively, Bot
| Sells Stesdfiy-DeciHns Starts From .
Realizing Observation-Disclosures Reports
| Disappointing Circumstance In Many
| Csses-TradIag.A An Week In Profess
.sionaI CoptroI-Bears Active In Putting
Out Lines of -sfrorts.-St Louis Disaster
hzs Its Efect-Bonds.
New York, May 2o.-In te stock spec
uIation this week there was no refiec-
ton of thu cheerful temper that had
characterized the condition Of the week
previous. The speculation developed
, a dull and tagging tendency and even
1uaiiy material concessions occurred
In q number Of shares. London did not
| figure extensively IN the market but
was a steady seller OF the leading shares
| Realizing Incidental TO the advances
Of the previous week gave the initial
impetus to the downward drift. The
| gold export movement maintained it's
prominent interest as an unfavorable
feature and 10 several instances the
traffic relations Of the railroads report
ed were disappointing. including those
Of the St Paul. Burlington, Reading
| and New Jersey Central The decrease
IN the eastbound tonnage statistics also
had dampening effect although the
later exhibits showed some improve
ment. The speculation was continuous
iy In professional control and special
efforts were discernable to shake out:
long stocks. Liquidation sales were
] d. ~
La Cede Gas and Sugar, the latter be-
ing affected by unavoidable trade con-
ditions. Support appeared TO be tenn
porarily withdrawn by inside interests
There was some inquiry for choice in
vestment stock and transactions were
noted at materially improved figures.
The bears displayed activity in putting
out lines Of shorts N the closing deals
and the offerings were increased after
the news OF the st. Louis disaster.
The railway shares figured prominent
ly In the market owing 70 the general
pressure against the Hist, In connection
with foreign selling, and the depression
OF the railroad returns as well as the
great damage 60 property from the
SoUth western tornado. The more nota-;
BILE extreme declines Were. Manhattan
As per cent, TO i02B Per cent; LaCledS
Gas per cent, to % per cent; Sugar 21A
per cent, TO 121A per cent; Rubber !,
per cent, to q per CERT; Rubber, pre-.
feTred SO per cent to s01a per cent?
Burlington S1s per cent, to II per cent,
and Consolidated Gas per cent, 10 1861
per cont In general the selling pres
sure was exhausted on Thursday and a
buying movement for both accounts set
in under the influence of lighter gold
exports than had been anticipated and
the legal victory for the Joint Traffic
association. These developments car
rted the stock enumerated per cent
from the low level and impaired a firm
tone to the closing Tho aggregate
sales were 53S, 800 shares.
The bond speculation Of the week was
depressed into some sensational de-
ciines being noted in a number Of issues
on liquidation. Brooklyn Elevated
firsts dropped 90 per cent: DO seconds
20 per cent and Union Elevated first 81
per cent. The break was attributed
TO the acute trolley competitions St.
Louis and San Francisco consol tours
fell s per cent On dissatisfaction OF
the holders over the terms offered In the
reorganization plan. Omaha and st.
Louis ffrstS trust receipts lost per cent
and Fort Worth and Denver City firsts
trust receipts per cent. On the other
hand Oregon improvement ffrsts rose
per cent on the favorable treatment &c
corded the bonds in the reorganization
plan The other changes were less i'm
portant and better tone prevailed in
the late dealings, recoveries OF 192 per
cent being made from the extreme low
points The sales were s4,051, 200.
Governments Were active and lower
with Che principal dealings and conces-
sions In the new tours. The sales were
S37, 900
BANK STATEMENTS.
New York, May S0.-The statement Of
She New York clearing house banks for
five days ending May 20, while Il shows
a slight increase IN the amount OF Idle
cash in bank vaults, Is still favorable
IN several particulars. The exhibit does
not include the total operations Of the
week, the Withdrawals for Saturdays
gold export having been made after the
average had been computed. The eX-
pansion OF loans was 81 ,75s, 900, and al
though this total Is not as large as
might have been wished for. the proba-
bility reflects the mecantile demand, as
stock exchange business was almost
stagnant- The decline In money rates
probably accounts for the expansion IN
part. The interior receipts have been
quite large during the week The de-
posit total. however. as was the ease
with other items, does not reflect actual
conditions. Taken as a whole the state [
nsent 81 better than eSTIy Indications.
The total receipts Of the New York
banks are now slightly in excess OF
so. 000, 900. or about half OF the amount
for the corresponding week last year.
Total deposits are s6S:o0o. 900 less and
loans are 81. ooo, 900 lower than for the
corresponding week n 1925. The banks
have gained about So. 900. 900 n gold
during the present month, but still $l5,-
00o. 900 less than on February s. just be-
fore they began to turn gold into the
treasury Sor bonds
London, May 3a-Tne amount OF bull
ton gone into the Bank OF England on
balance today Is 350,c0 pounds.
London, May 3o-Gold Is quoted to-
day at B1enos Ayres 1925; Madrid
1928; Lisbon 2zz4: Athens III; Rome
Io7. OH
Paris. May 3o-Th-ee per cent ren.es
Toe francs. Si5 centimes for the account.
Exchange on London . francs, II cen
times for the checks
Berlin. Nay S0-Exchanxs ord Lon
don eight days sighc % marks 81
pfealga
KANSAS CITY MARkErs
Kansas City. Nay sa-No Erala mar
ksts-
Cattle-ReceiPts. SO: shipments l.Do: |
STEADY; only light trade
HoSs-RsceiptS. $50; shipments z SO. l
lights, Sgloc lower; others &c lover; bulk 1
OF sales. &SG26.
Sheep-Reoeipts. Loo; shipments, 7go: !
steady.