The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-05-02

Inere u congress- 0nfcn ctAncs an the
Way of Activity In the stock Market, It
Is Alieged-Duliness and Reactionary
Tendencies Rule the wesk-Goid Ship
ments Report
New York, May 1.-The absence OF out
side interest in the stock market was
sharply defined today. the aggregate
transactions barely footing up 100000
shares. IL goes without saying that
this total is insignificant in comparison
with the normal daily average OF trad
ing in the spring Tobacco figured for
one-third OF the dealings The dull
ness is partly ascribed 10 the renewal
OF the gold export. and the political IN
certainIies abroad, which have caused
a complete withdrawal Of public inter
est in the market. Activity IN the
stock exchange markets is not expected
10 be resumed TO any extent until the
adjournment Of congress. The pivotal
influence upon the speculation today
was the engagements Of gold for ship
ment by tornorrow's steamer. The first
news OF the formal orders led to some
concessions in prices, but as the amount
taken fell below the estimates consider
ably, a moderate rally ensued. in which
prices worked 10 above last nights clos
ing. The actual amount OF gold that
was withdrawn from the assay Office 10.
day amounted TO about 81, AS. 600 Of the
total, about 81 200, 900 will be exported,
only bars being taken. IL is under
stood that the quality OF gold coin that
was offered 10 would1be shippers today
at the sub-treasury was so poor as -
involve a depreciation OF ]. OF / per
cent, hence the unwillingness of the ex-
change houses TO take the coin. The
legal limit OF loss on gold procured from
the sub-tressury, technically termed
the limit Of liberation Is one-half OF
1 per cent. The treasury department
disbursed about 5000, 5000 for interest
and this will be practically offset by the
government money paid in under the
last treasury call by the depository
banks. There was paid in by these de-
positories today over 81, 00o. 900. making
81 400 900 deposited at the sub-treasury
within the past two weeks. The gold
shipped goes 10 Paris. The exchange
market was called easier today but did
not rule quotably lower, the increased
offerings Of bills noted being chiefly
drawn against the shipments The
ment Of the extra dividend of 20 per
cent in scrip TO the common stockhold-
ers Of the American Tobacco company.
was followed by an irregular movement
in the stock, with q reaoting tendency.
The price opened q fraction higher, at
~ per cent, reacted to 6s1a Per cent and
rallied to NJ per cent in the early trad
ing. Free offerings in the late deal
ingS caused a recession TO 6S% per cent
and the close was at 6S1s per cent. The
announcement Of the sigma ture Of the
decree of foreclosure OF the Reading
properties caused a slight gain in the
stock which was not retained. London
did not figure in today's operations,
owing to the close foreign observance
of the May day holiday. General Elec-
trio, Manhattan and Consolidated Gas
were heavy but, except in the case OF
the last named, which broke PA per cent
and recovered l per cent, the losses
were confined to fractions. Louisville
and Nashville was the weakest Of the
railway shares. reacting per cent form
the top.
The closing was steady with the net
changes fractions in both directions.
Railway bonds were slightly easier
on moderate dealings. The aggregate
sales were 923, 900 shares.
Governments sold off slightly on sales
OF 1.5o0.
New York, May The Evening
Posts Paris financial cablegram says:
The bourse was very firm today. es-
peciaaly for rentes, which advanced q
point TO 103. The money market here
was easier and exchange on London y
centime.
pP,AOcT-p r~r-r.c s-rOs~u p-tyrr-Ix-
New York, May I-Bradstreets fnan
cial review tomorrow will say: Dull
ness and reactionary tendencies have
this week taken the place Of the more
active trading and advancing price,
The influences which were responsible
for the change were chiefly the check
which events In the Transvaal have
given TO the bullish speculation at Lon
don and the advance OF exchange rates
here and the fear OF gold exports 4
produced, and a circum stance Of some
weight was the report from the north
west indicating that the wheat acreage
may be restricted and the tonnage OF
the grain-carrylng railroads cores
pondingly reduced. London was not a
large seller OF our market and "Amerf-
cans" were only slightly depressed by
the news OF the death sentence imposed
on the leaders of the johannesburg
emeute and the natural fear OF serious
complications IL aroused. The foreign
quotations for our securities showed
indeed. a further tendency 20 appr--
ciate when the Communication Of the sen
fences Of death was announced and the
London market released from the ten
sion which they had created. At the
same time, the expansion which had
been noted in the speculative movement
has been arrested and the inactioa
which now reigns over all the depart
ments Of the London stock market has
deprived Wall street OF either actual
or sentimental support from that quar-
ter. The increase Of public buying
which has been noted for the past two
weeks was checked and while no gener-
al Liquidation ensued there was coassd-
cradle taking OF profits and closing out
of long accounts. The bull pools aud
manipulators would seem 20 have ac-
cccpted the situation "a one whish Of
fered little OF 10 chance for a further
display Of their activity and sentinea,
among the active traders changed from
a bullish 20 beSrlsh character. Some
street selling was accordingly INDUCED
in, though pressure OF this kind was.
on the whole. light and professionals
manifested a tendency % cover on slight
provOcation- The situation in exchange.
resulting IN the shipment OF SI.459. 90
gold. was also provocative q spscuia-
tive hesitation ard had considerable 81
feet IN checking support and deprsyiax
the market q buying power. 50 that ;he
street OF ths whole. seemed inclined
20 walt .sSctioa. 4 lot 20 work actively
Cor IL
KANSAS CIT1 Markets
Kanszs City. Nay 1.-whsat-DuIi. No.