The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-05-16
HOBBS
SparaSuS Kidney Pills


Hobbs Remedy Co., Propr:etors. Chicago.
ally affected by the recent heavy import
movement is shown by the April trade
statement, which reports an excess OF i'm
ports or merchandise over exports of sSlS
l34 But this still left for the ten months
OF the fiscal year an excess Of merchandise
exported over imports OF S2SeSu-eS4. with
net gold imports for the same period of
81 ,eo,lol- The enormous import movement.
seemed 10 be in full force still las. week,
but this weeks imports OF Cry goods and
merchandise at New York showed a total
OF 81 ,05S,6 9i This is still ab1ormaily large,
but IS s2,623,S25 less than last weeks total
The customs receipts from day TO day in
oicate that imports are still further decl;n-
ing nearer 10 the normal level. London's
very considerable purchases OF securities
here during the week have also exerced a
manifest influence on the exchange situa-
rcn- There IS. therefore. nothing apparent
n the situation TO call for further extern
sve gold shipments on account Of leg.t.-
mate trade Influences. The market depres-
sion due 10 gold exports was accentuated
by the Cuban scare on THURSDAY AS re-
suit the net declines of the week are very
general throughout the list. The early
strength in the market resulted in gains OF
over point on the grangers, Cotton Oil
preferred, Chicago Gas, Tobacco, Tobacco
scrip, Louisville and Nashville and Leather
Subsequent declines established net losses
IN all these, extending TO %. per cent IN
Chicago Gas. u. Per cent in Burlington
per cent in Rock Island. and fractions IN
the others except Tobacco scrip. which
maintained its gain. There were net losses
also in Consolidated Gas OF rs per cent:
New Jersey Central 2as per cent; Delaware
and Dudson, is per cent; Susquehanna and
Western preferred, las per cent: New York
Chicago and ST Louis second preferred q.
NJ cal ND
per cent Fractional net gains were retain
ed after an extreme rise in Union Pacific
or Ia per cent, and Western Union OF IL
per cent Other net gains were: LaClede
Gas preferred. per cent; Manhattap. rs
per cent; Lead preferred IL per cent; Nor
folk and Western preferred. ga. per cent:
ST. Paul. Milwaukee and Minneapolis per
cent; Oregon Navigation preferred, 81. per
cent.
BONDS.
The bond market was quiet during the
week and suffered some sharp declines In
the usually dormant bonds The under
tone of the general market was fairly good
with purchases for foreign account exerting
quite sustaining influence. The dealings
included large number of issues. but the
variations in the speculative Hens were
trivial The principal losses were: Peoria.
Decatur and Evansville seconds, 14zs per
cent: Peoria. Decatur and Evansville firsts
per cent; Northern Pacific Terminal firsts.
lls per cent; Louisiana and Missouri River
frsts. 81, per cent; Western New York and
pennsylvania incomes. AZ per cent: Ms |
souri, Pacific consols SKIES, Il. per cent, and |
Union aPcific sinking fund Fights. and Gal |
weston, Houston and Henderson firsts, |
per cent.
Governments were quite largely dealt in |
and displayed general firmness, with the |
new fours gaining slightly.
FOREIGN STOCK MARKETS.
New York. May 15.-The Evening Posts |
London financial cablegram says: The /
stock markets were quiet and IRE gular to- |
day. Two small failures were announced. |
10th due 10 the result Of the recent squeeze
n Kaffirs"
ABOUT THE BANK STATEMENT.
New York, May 15.-The Financier SAYS:
The causes that are responsible for the
present gold export seem 10 have made |
more CT change in the New York bank
statement FOR the week ending May Is. |
han the actual shipment Of specie Itself
Thus. while the present movement OF gold
10 Europe has brought about an apparent
net loss or between eleven and twelve NIL
son dollars. the deposits OF the New York
banks in the same time have decreased
1nly S,0nCo0. while the actual cash reserve
May and May Is. has contracted
only Sl,is2, 400 The difference between the
money al demand with exporters and the
reported decreases has been repeatedly
made up by the receipts Of funds from the
continues in undated volume. The effect |
Of the exports has therefore been largely
-linimized by the receipt OF new funds.
On the other hand, the olans Of the banks
are beginning TO respond TO the demands
IF imports, whose largely increased busl-
less is without doubt causing the outward |
Tow OF gold. and the expansion IN the loan
tenn OF the statement can be attributed TO 1
borrowings on import account, since the
'arrowness OF the stock exchange market
.educed the demand for call loans TO a low
lSure. In view OF the expansion IN ne
oan account and the increase In the cash
-eserve. the increase in deposits was TO
lave been expected. The Saturday ship
rent OF gold does not figure in the current
statement. The banks are still reducing
outstanding circulation. which, during the
money stringency previous TO election ran
- 20 more than t20N1.0J0 and the present
otal is just about what II was one year
Igo. The course OF the money market
SENS 10 be governed largely at present by
he merchandise import movement For tire
month 90 April, this was the largest ever
eportei. II mas continued in undsui.nishes
-olume so far during May, but even Z.
alling of begins. from now out. the effects
VII be felt for some time 20 come.
LOANS. EXCHANGE AND BONDS.
New York May I5-Noney on call cas-
Z Ia Tii2 per cent: prime mercantile paper
iaGi per cent: sterling exchange easy. with
ctual business IN bankers bills at &Gi.7 |
.Sts for demand, and az 2ssi.ai ss1. for
.xty days; posted rates GS and ( ssh;
Commercial bills aSi< CASA. Bar silver.
IL: Mexican dollars. AZ State bonds duh: |
abroad bonds firm: government bonds
rmer; new fours registered. I22ss: coupon.
g; fiives registered. 10; coupon 1ieis: fours
2 g.stered il9,s: coupon il21s; ;wos register
4 IS; Pacific SKIES OF sc. 1874
BANK CLEARINGS
New York. May i5-Ciearings Sc SIS So:
alliances :. si3 -.
Boston. Mass. May i5-Cieartngs g.. 81
s.: balances sf.sI533
Philadelphia Pa. May i5.-Cie1-.ngs g..
s1sIi: balances s1.2tS0i5.
Baltimore. Nd. May I5.-Cles-irg g f1s,-
3; balances SSs.i
St Louis. No. May 5-Clsa-;aEs s. fs-
8: balances ssei. f59: money +d7 PEP cent;
cev York exchange - cents bid: 50 cents
skei.
TREASURY STATEMENT
Washington .. c. May I5-Today's
tate-nect OF TIE condition ot tie treasury
Hoysy- AvailahIe cash balance 81 ~ Is.
old reserve 81. SSL@-
WOOL AND COTTON MARKErS