The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-05-14
TONE STAYS FIRM
STOCK MARKET CLOSES STRONG AT
THE TOP LEVEL

Influences Affecting Values Rather Con-
ficting But in the 5lain Enceuraging to
Holders-London Irregular for Ameri-
cans But Figuring on Purchases on This
Side-BurIinstoz Dividend Firms Up
the Railway Lht-crop Reports En-
coaraginE-Tobaceos tezdied on Legal
Proceedings-Bonds.
New York, May i3.-There was de-
cided contraction in the volume OF bus
but the tone Of the limited speculation
was firm throughout The influences
bearing upoE prices were rather con-
fficting but were, in the main. encourag-
ing 10 holders Of securities. London
prices for Americans came irregular,
but moderate purchases for foreign &C
count were expected in this market and
this served TO offset the early announce
ment that 81 900. 900 in gold would be ex-
ported TO Germany. No appneciable
change has been noted In either the
rates for money or commercial paper.
The sterling exchange market exhibited
a sagging tendency and the declaration
OF the regular quarterly dividend OF one
per cent on Burlington contributed 10
firm up the railway list, and the granger
group in particular. The trading eie-
ment was affected sentimentally by
more cheerful crop advices and bid up
prices whenever practicable. though
without taking any noteworthy lines
of stock. A general evening-up move
ment by shorts WAS also noted, which
was more clearly reflected in Sugar,
Leather preferred. Tobacco and Louis
vile and Nashville. A few weak spots
developed as the day progressed, but
the depression did not influence the mar
ket and recOveries were subsequently
made. Consolidated Gas recorded a
decrease of IL per cent, and rallied y
per cent The fling OF a demurrer in
the proceedings against the Tobacco
management impaired steadiness 10 the
stock and inspired covering demand
as a result OF which an early decline
of a point was fully recovered. The
more conservative stand taken by the
German reichstag IN the sugar bounty
bill strengthened American Sugar stock
The advances in the railway list aside
from Louisville and Nashville. whic
gained IS per cent, did not exceed frac-
tions. The market closed strong at the
top level.
The total sales Of stocks today were
50, a9 shares, including American To-
baDco 300; American Sugar Il. 500; Chi
cage, Burlington and Quincy $500; Chi
cago Gas 1900; Louisville and Nashville
100; St Paul II 900; Tennessee, c &
$500.
Bonds were dull but prices were fair
~ we'll sustained until near the close,
when a slight reaction occurred. The
sales were $679, 900.
Slight advances were recorded in gov
ernments on purchases Of $4,000.
FOREIGN STOCK MARKETS.
New York, May 13.-Evening Posts
London financial csblegram:
The stock market opened dull today
but receded later On confirmed private
cables stating that the Pretoria pris-
oners would be merely sentenced to five
years police supervision Prices at the
close were at the best. Consols were
higher. South Americans were in de-
mand and mines were better. Ameri-
can rails were dullish on gold exports
but closed better in the street
TIhte Paris fbourse was dull and the
Berlin market was steady.
BANK CLEARINGS.
Philadelphia, May 1s.-Cleartngs sd2.-
061 SIS; balances S760,77
Baltimore, May lS.-Clearings. $780,
100; bala noes 1888, 312
Chicago, May 13.--Money on call stea-
DIV per cent; on time 6G7 per cent. New
York exchange 70 cents premium be-
fsls
$3.50 on demand; ;4Ss2. on sixty days.
St Louis. May !3.-Clearings A.62s,-
597: balances s797 $50.
Memphis. May 13.-C1earings $500 s03;
balances $l3s. 005.