The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-05-08
HAS POLITICS In 1T
STREET GETS PANICKY ABOUT A
CERTAIN CANDIDATE
which Candidate IL Presidential One and
His Views Upon the Monetary Standard
are Called In Question-Keyivai of
Csban BeIligerency Agitation and the
Gold Export situation Have Like Ef-
feet and the Market ID Depressed Ac-
cordingly, Closing 1t the Lowest Prices
OF the Day-Bonds Similarly Affected.
II the Day-Bends Similarly Affected.

New York, May Politics was re-
Elected TO an extent in todey's stock
market and prices sold of both for for
eign and domestic account, owing 10
appreciation regarding the attitude Of
a prominent presidential candidate on
the monetary standard. The specula-
ton was also depressed through reyiv-
ed Cuban belligerency agitation and the
probabilities OF continued exports OF
gold on fairly large scale. A weak
ening influence in addition TO uhe fore
going was a temporary stiffening in
money bringing call funds in the last
hour 10 4 per cent. The closing OF
money was al 2h per cent. AT inter
walls the selling pressure was pronounc-
ed. In the indUstrials the leaders in
point OF activity were Sugar and Amer
lean Tobacco and in the railroad list
St. Paul and Burlington and Quincy
reached the largest total London PIT
ces for Americans came lower and there
was comparatively liberal selling OF
both stocks and bonds for foreign ac-
count. In the domestic market, the
dealings were almost entirely profess
ional and the motive power was furn-
ished by the bears. Though relatively
inactive. the Vanderbilt stocks reacted
sharply, despite the favorable annual
exhibits OF some OF the roads In the
group. Special influences affected
some OF the industrial properties and
the less satisfactory condition OF the
iron and steel industry was mainly re-
sponsible for declines in Tennessee Coal
Colorado Fuel and Illinois Steel. Sub
stantial losses were also recorded In
the southwestern shares. Missouri Pa
cific and St. Louis South western being
specially affected. The 4 per cent for
call money which was Unexpectedly
made In the last hour brought out large
causing a recession TO the fig
ures elsewhere noted There seems 10
be a conflict OF opinion as TO the extent
of gold shipments TO be made to Paris
on Saturday. and estimates range from
81 .0oo. 900 to s., 800, 900. Bankers in close
touch with the exchange market condi-
tons express the opinion that heavy
exports OF gold will be made TO Ger
many early next week. The low rates
for money prevent the lending OF for
eign capital in this market on satsfac-
tory terms and compels the export or
gold in the natural course Of settlement
OF international trade balances. The
dealings covered a wide range Of stocks
Sugar suffered from Washington and 10
col selling for both accounts and re-
acted Is per cent. 10 1924 per cent
The decline was partly due 10 reduction
in the prices OF the product. Tobacco
moved irregularly, but near the close
broke Ia per cent. The news that the
grand jury had indicted President j. 4.
Duke and nine directors OF the Ameri-
can Tobacco company was not known
in business hours. Bay State Gas was
less conspicuous and after an early rise
of rs per cent sold off 10 Pa per cent
in sympathy with the weakness In the
The grangers, Louis
Vile and Nashville. Missouri Pacific
and Tennessee Coal declined rs per cent
The losses among other less active
shares were severe. The pressure
against the list was continuous and final
prices were at the lowest OF the day.
Railway bonds trended downward
and with few exceptions most OF the
changes recorded represented losses.
London was a seller of the speculative
The net losses extended
from l per cent to 2i5 per cent. with a
rally TO Sss per cent. The
sales were 31.071, 900.
Governments were dull but irregular,
on sales OF S16,50O.