The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-05-17


New York, May 1s.-Today's stock
market was on a very mild scale and
the changes in prices as a rule were I'M
important. The trading was exclusive
business. aside from the usual half
holiday argument, was, to an extent,
caused by uncertainty as to immediate
political developments, both domestic
and international, and the gold export
outlook. Next to American Sugar,
which led the entire list, the greatest
activity was in Manhattan railway. The
las mentioned stock reflected continued
liquidations, which was again attribut-
ed TO the unsatisfactory quartely state
ment The traders. as usual in such a
case. improved the opportunity. The
general market was irregular within
narrow range and exhibited a tendency
toward a lower level London prices
were higher and this helped the inter-
national shares to q moderate extent,
but the foreign operations in this mar
ket were Insignificant The Initial
prices were irregular. but the market
soon ran OF in sympathy with the drive
against Manhattan and some pressure
against Sugar, which lost = per cent
on reported unsatisfactory trade condi-
tons. The later trading developed
steadiness and. aside from Manhattan,
which held at the low point, and a re-
cession OF 2ia per cent in Minneapolis
and St. Louis second preferred, i'm
provements were recorded. Bay State
Gas was an exception in advancing IL
per cent The market closed firm, with
slight changes either way.
The speculation Of the week was fair
ly interesting. despite intervals OF ex-
trene dullness. The most influential
factors in the speculation were uncer-
tainty regarding foreign and political
considerations and the gold exports and
their probable effect upon the money
market The shipments OF gold this
week Appropriated $500. 900. OF the
amount mentioned, a. 50, 90 went 70
Germany on alleged special Russian ac-
count, and 5000 was sent 70 Canada
Indications a. one time pointed 70 eI-
ports to Paris. although the margin %
profit was not large az any time. u IL
understood that come Of the leading
houses that had figured upon exports
were able 10 complete their Temittances
in another form. and toward the close.
exchange operated against Paris. The
treasury reserve figures ruled today al
Sil45ss. 737 and although this amount az
lords ample protection against a pro-
cracted raid. the speculative communi-
~ is unable 20 regard the steady az
fux OF the gold with complaceacy- The
Efforts Of the government 20 check tie
outflow are not regarded as practical
and VIII not be effective, ss long as a
premium = paid FOR the gold and the
present monetary and !nte-na tlonal
trade conditions are unchanged 4 call
made BY the treasury upon the deDosl-
tory banks Tor 81 80 90. or about Oae-
half Of their holdings OF government
money. payable June I. e. not expected
20 appreciz5ly influence the money mar
kst. owing 70 the large accumulation
of funds al this center. the continue.
beavy receipts OF currency from the IN
teAor ana the considerable offerings %
capital that would b@ available IN TIE
event OF even a moderate stsEen-nE n
rates This stzErsztioa OF money II thIs
eeason % theyear is a slgulhcza, u
favorable condition regarding general
trade and the stock exchange markets
Favorable Influences were n evldeao@
during the E=@k and served % qualify
n h-zzr.sh sen.9nez. that prevailed.
with the result q giving sonl@ .rTeE1-
lsrity II prices TIE government week
y and monthly crop reports were s2v-
o-abie. returns for the first week n
May were satisfactory ard ;ae fgre-S1
exchange market displayed q saEEinE
ts- 1e1cy- In the spec.zlfseS, B1Gaso,
Rochester and PsftsbRrs pre<erTed
sc0red a ne. gain q a. pr cerlt Coz
soh1a,ed Gas vas deri6esJiy erraise- 4
decline q f-sr cent. . Iss Te- ce-t
z7zs succeeded b. a rally % issiz per
ce-. and 8 reaction - l5Ssz per cezt.
tie stock cgcsed az II Sugar. are
sons manipulated. 49, q Eas -2-satly