The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-04-30

60 Within the Next Two Weeks-HsAvy
Inflow of Currency From the Interior
Mercantile Community Quite ut Ease
for Mency-Market Firms on News
of Commatsd Sentences In the Trsrs-
vaal-Bonds-ForeIgn Markets.
New York. April 2s.-The stock specu-
lation shrank considerably in volume
today and the market was largely per-
functory. At intervals trading was
monotonously duh and this condition
almost exclusively directed toward thS
probability of a revival OF gold exports,
foreshadowed by increasing strength in
the market for foreign exchange. Act
ual rates for demand were generally
quoted at s4.se. and several prominent
drawers advanced past quotations Il
cent. to s4Ss and 1870. Rumors were
current Of the shipment by Saturdays
steamer Of several million dollars IN
gold TO Paris. so far as could be learn
ed no prepare tons have yet been made
for these expectations. but II is believ-
ed that from s2.000.O00 TO 5000. 900 will
be shipped Ia the next two weeks. But
for The apathy Of the stock market the
considerations noted would not have
exerted any appreciable effect, owing
10 the continued heavy inflow Of cur
rency from the interior, which is ex-
pected TO last until the fst OF August.
when the crop moving season begins
TO be anticipated. he best informa ton
obtainable is that mercantile collsc-
tons are good and that the mechants
are not in special need OF money. Be
sides driving the tenders OF foreign
money out of the field, the congestion
Of domestic funds is enabling the mer-
camille community 10 secure whatever
accommodation IS needed practically
upon It's own terms. The receipt OF high
er London quotations for American Sc
curities, together with the news OF the
Communication of the sentences of the
Trdnsvaal conspirators, contributed 10
firmness in the local market at the out
set. The traders appeared TO be dis
posed 10 the bull side, and although
there was complete absence Of in
quiry for stocks by commission houses,
general fractional Improvements IN
prices occurred. Sugar. howver, de-
veloped a reactionary tendency and
yielded IL per cent on news OF the re-
duct. Manhattan lost a point on real
izations. The weakness of these shares
caused only momentary sympathetic
declines in the general market. and in
the later realings. most OF the losses
were recovered. Later IN the day the
gold export rumors caused decided
pressure in some instances, Sugar, To-
bacco and Burlington leading the down
ward movement On the down grade
the market became more active. The
concessions from the top level included
IA per cent in Tobacco, is per cent in
Sugar, rs per cent in Burlington and
sharp fractions in other leading shares.
The closing was heavy at slight net
losses in most cases.
The total sales OF stocks today were
127,19s shares, including the following:
American Tobacco $500: American SUI
gar 34.S00; Burlington 5000: Chicago
Gas $500; Louisville 1900; Rock Island
1000; ST. Paul 1890; Wheeling and
Lake Erie 400.
Bonds were irregular, but with a firm
undertone. Investment buying for do
mestic and London account occasioned
strength in a few issues and sharp
gains were reported in some OF the high
priced mortgages, including 21s per cent
Minnesota and St Louis firsts; IL per
cent in Minnesota Southwestern d1vis-
ion firsts and per cent in st. Louis
and San Francisco general skies and
Detroit Gas fives. COrdage firsts, trust
receipts gained, exceptionally per
cent and St Joseph and Grand Island
f1rsts trust receipts declined IA per
cent. he sales were 81. la, 900.
Governments ruled steady on trans
actions OF $40
FOREIGN STOCK MARKETS.
New York. April 2s.-Evenlng Post's
financial cablegrams:
London-The market opened dull on
the uncertainty OF the fate OF the pris-
oners at Johannesburg. The news that
the death sentence had been committed
caused general recovery, but IL Is felt
that while the position in South Africa
remains as at present, speculative &c
tivity Will be checked. The sentence Of
the sixty members OF the reform com
nfotee means a severe check on the gold
industry in the Rand. Consols have
been at III Lie and closed At Ill IFS
firm
Americans opened dull IN sympa thy
with the other markets. but recovered
and al the Close were firm at the best
OF the day. Mines were wonderfully
steady, considering everything. The
copper mines were very strong on the
reported combina don.
Paris-Market firm.
Berlin-Idle markets were the rule.
LOANS AND EXCHANGE.
New York. April 2s.-MOney on call
easy at 2G2I3 per cent; last loan PA per
cent, closed 2 Per cent; prime mecant.ie
paper 45zG5iz per cent Sterling ex-
change firm with actual business in
bankers bills at Hss& 84ss for de-
n1snd and 34s7z d4ss for sixty days:
posted rates !4Sskd commercial
bills S4s7. Silver certificates $50 asSis
Per cent Government bond steady:
state bonds dull: railroad bonds irreg-
ulzr.
BANK CUEARINGS.
Boston. April 2s.-Clesrlngs si4.s7s.-
So; balances E,s73,772
Philadelphia, April 2s.-CIes-ings
80. 90. 157: balances Sl.471.232
Baltimore. April 2s.-Cls2-1ngs 81
81 ,243: balances t4S1.s40
St Louis. April 2e.-Clszriugs g SO
s33: balances .S5s. 3ss. Money sgs Per
cent.
CHICAGO MARKETS
Furnished By p I. BOSTICK. Commits
sion Merchant, room .. ever Kansas Ma