The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-05-20

nish the Disturbances Of the Day, the
Latter Taking . Header of 3-s Ter
Cent When the News Comes of the De-
feat OF the Consolidation Bill, and Bid
ding Fair to DemoraIiEe the Whole List
Encouraging Features of the Day
Enumerated-Bonds Firm.
New York. May Is-The frmness shown
by many standard shares in the rather
stormy vic.ss.tudes OF todays stock marke,
was quite remarkable, considering the ex-
isteace OF two such centers OF depression
as New Jersey Central and Chicago Gas
in the late dealings after the receipt o.
news OF the defeat in the Illinois legislature
OF the bill permitting consolidation Of the
gas companies. To estimate the extent of
the influence that might have been exsrcis-
ed upon the general market by these two
stocks il must be considered that they alb
scrbed over s., 600 cut OF a total OF $4,000
shares dealt in on the exchange for the
day. Chicago Gas alone being credited with
S. 600 shares A large proportion OF these
sales was made In the last hour and a half
OF triiag, nd enormous blocks o. stock were
vnloaded with precip.tate eagerness which
had been bought in the conviction that the
consolidation bill would succeed. The price.
which had advanced a point in the morn
ing, tumbied headloag Sas per cent. with no
check to the decline until the lowest point
was reached, when there was a feeble raj
~. The Generalization in this stock was
IN fair way 10 break the whole market and
did, in fact, carry prices generally below
the close last night and wiping out the
gains Of the earlier part OF the day. But
final rally in the market brought many
prices back near to last nights close, or
fractionally above Il. New Jersey Central
was center OF depression all day and sold
Off 2ss per cent. with only fractional rally
a. the close, carrying with il Delaware and
Hudson, which lost rs per cent Reading
and Lackawanna, however. showed a net
gain on the day. Notable declines in other
stocks were point in Sugar and Manhat-
tan, and IL per cent In Tobacco, and rs
FER cent in Tennessee Coal and Iron. There
were other losses in the list, but they were
small and many standard shares were on
a level with or above last nights closing.
The days trading. though narrow. was
n arked by a notable undercurrent Of
strength. based partly on the apparent ter
mination of the war between Turkey and
Greece, and partly on a conviction arrived
at by public opinion in the street, IN its
own processes Of reasoning. that the admin
istration at Washington had determined
against any radical steps IN regard to Cuba
The outward gold movement Is no longer
viewed with such marked apprehension as
at first. on account OF the evidences that Il
will be restricted to moderate proportions.
There was a slight hardening tendency 70
exchange during the day. showing that bills
were being slowly absorbed, In spite OF a
very light demand. The gold export for the
week is, however. expected 10 be small. A
| rise Of IA per cent In the price of ST. Louis
and San Francisco grst preferred on ru-
mors Of an approaching dividend declara-
ton was one of the features of the day.
Norfolk and Western preferred also rose
IL per cent. but lost most Of the advance
The total sales OF stocks today were 49,
SCI shares. including: American Sugar. s.
800; Burlington and Quincy. 1850. Chicago
Gas trust receipts. $500: Delaware and
Hudson. 5000; St. Paul. 1000: Tennessee
| Coal and Iron, $500.
Railway and miscellaneous bonds were
without essential change in value although
a decidedly firm undertone was apparent
Business was moderate, with operations
largely restricted 10 the prominent issues
The sales were 1851 900
Government bends showed an improving
tendency in the forenoon but subsequently
eased of. The transactions aggregated g.
800.
FOREIGN STOCK MARKETS.
New York. May 1e-The Evening Posts
London financial cablegram says:
Confirmation of the Greece-Turkish arrni-
suce. together with superabundant money
has given the stock markets here a boom
ing appearance, although at present the
activity is mainly confined 20 house specu-
lat!ons A feature today was q sharp rise
In Kafflrs, which. as previously cabled you
have been oversold: efforts 20 provoke 1T
tie boom may be successful Foreigners and
all other markets were sympathetIcally
good. The rumors OF suggestions IN the
Financial News tina; Brazil might borrow
large amount from New York are dis
credited in good quarters. About 100. 900
In japanese money was released here today
ard more is coming. The aPris and Ber-
lin markets were firm"
LOANS. EXCHANGE AND BONDS.
New York. May Is.-Money on call easy
al li<Glh per cent: last loan ~ per cent;
closed li.q1b per cent; prime mercantile
paper 3zGt per cent: sterling exchange
steady with actual business IN bankers bills
al s4E54 T4Sls for demand. and at Hssit
9i.s5i& for sixty days; posted rates Hs7
and ASd4 $50: commercial bills 1854
Silver certificates e0a6,s: bar silver sDI..
Mexican dollars f7.c. Government bonds
easier: state bonds dull: ranlroad bonds
firm
BANK CLEARINGS
New York, May ls.-Clearings 80. So. Is;
balances si.7Js.7ss
Boston. Mass, Mass. May Ie-Clearing.
81. 2n, Ia5; balances sl.2si.eL
Philadelphia, Pa. May I2.-Clearings Sl.-
lao; balances si.524.AL
Baltimore. Nd. May ls.-CIearfngs g. a.
So: balances .fe7.s3f-
St Louis. Mo. May ia.-Cieartngs AT
III; balances {;Sss7l: money i17 per cert:
New York exchange 50 cents bid: 50 cent.
asked.
TREASURY STATEMENT.
Washington, D. G. May ls-Todsy's
statement ot tire condition Of the treasury
shows: Available cash balance ~. 81. sle;
sold reserve yE5.7s1 q.
DIVIDENDS DECLARED.
New York. May May le-Tae Chicago.
Burlington sni Quincy Railroad company
today declared a regular quarterly DIVIDEND