The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-05-07
FALLEN INTO A RUT
STOCK MARKET ISM IA VERY APA-
THETIO CONDITION.
Standard Railway Shares Forgotten such
Activity .s There is Centerins In Ger
tain Spectacular Properties-St. Paul .
Measurable Exception to the Railroad
List-Sugar and Tobacco the Leaders
Increase of Gold shipments. European
Political Uncertainties and Congress
ionzI Perseverance, Cause Depression.

POLITICAL Uncertainties and Congress-
ionzI Perseverance Cause Depression.
New York, May 6.-The stock market
continues in a rut, and complaints Of
the lack OF commission business are
general The gold shipments. the po-
iiticsl uncertainties here and in Europe
and the fact that congress persists in
ton OF the speculative apathy. Mean
while. the stanard railway shares are
completely relegated 10 the background
and the limited speculation is confined
to certain OF the Spectacular industri-
ais and specialties. Today 81. Pau!
was the only one OF the railroad list
that attained prominence on account ~
activity. In the indusrrials, Sugar and
Tobacco were the leaders in extent OF
dealings. The increase in the shipment
OF gold by tomoirrow's German steam
er, to s., zoe, 900, and expectations that
additional exports will be made on Sat
urday TO Paris. exerted a depressing
effect upon prices. Liquidation IN
some of the industrial shares was also
weakening inuence. London came
lower for Americans. and the larger
proportion Of the foreign operations in
this market We're for the short account
An encouraging feature, relieving the
monotony Of the market, was the devel-
opment OF investment purchases OF
some high-class securities, under which
Albany and Susquehanns rose 10 lS3is
per cent, Chicago and Alton TO Iii per
cent. and Cleveland and Pittsburg and
some other high-grade securities were
advanced materially on the bid quota
tons. Great Northern preferred was
conspicuous by jump OF per cent. TO
11S per cent, and Edison Illuminating
gained 21z per cent. The selling pres
sure was directed chiefly against the
lower-pr1ced industrial shares. The
completion Of the deal between the Bay
State and BrSokline companies. as Is
not unusual In the circumstances. pre-
cipftated free realizing IN the stock OF
the first mentioned company. The
continued circulation OF rumors OF i'm
pending opposition to the United States
Rubber company weakened the price of
the stock. The concessions in the rail-
way list were confined 10 fractions.
aside from Manhattan. which declined
1 per cent. and New York. Chicago and
ST. Louis second preferred. 1h per cent.
TONED road and Of the West Shore
were published today and were favor
ably regarded. The first named In
creased it's surplus s271 ,ss1 and the last.
S5s.375. The announcement late in the
day from Washington that the house
had agreed to adjourn May is led TO
improvements generally. The advanc-
es were fractional aside from Sugar
and Bay State Gas, which gained Ia
per cent and rs per cent respectively.
The market closed irregular on the rally
with the net changes recording frac-
tional losses,
Bonds were shaded during the create
part OF the day butcIose steady at a
slight rally from the low level. The
trading reached 81, 062, COO chiefly IN the
speculative issues.
Governments were irregular on a light
volume OF business. The transactions
were s12,c
The state issues. Virginia centuries
were slightly lower on sales OF 81. 200.
GOLD SHIPMENTS.
New York, May e.-Heidelbach, Ickle-
heimer and Co, state that their gold
shipments on the German steamer salt
ing tomorrow will aggregate 81, 800, 900,
The total gold shipments for the week
thus far are 50. 90. 900 and since April
4, 5000. 900. One of the gold shipping
houses stated that the price bid for gold
on the continent has been made high
enough TO Offset the eight increase IN
specie freight rates ordered yesterday.
SILVER EXPORTS.
New York. May 6-The Evening Post
says: A good deal OF attention In being
attracted IN financial and foreign ex-
change circles 10 the increase of late
in the amount Of silver exported. as com
pared with last year. Sterling eI-
change Is. OF course. drawn against the
silver. and for that purpose. therefore,
II is just as efilcacious In preventing
gold exports as wheat or cotton or any
other commodity. I1ast week the sill
yer exported amounted in value 10 Ss22,-
s33. From January Of this year up TO
the close OF last week. the silver expor-
ted amounted TO Ss. on $50 as compar nd
with 81 .l20. % during the same period
laSyear. an increase OF s6.s11.217. In
the same period mis- year. namely from
January l to May 2. the exports Of gold
amounted to $lSl37,35 as against S31.-
ss7.73 In the same period last year. or
a decrease OF S3.73o.575.