The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-05-22
STOCKS AND BONDS
SHARE MARKET LIGHIENHD OF
LlQUIDATING PRESSURE

Strength and the Close b strong q
About the Top Prices of the Day-Bond
Ouiet-London's Zone Good Br.dstreet'
Financial Rsvfev.
New York. May N.-The stock msrke
was relieved today OF some part Of tx
pressure Of heavy Liquidation in Ii.
coaiers, especially New Jersey Central
and in Chicago Gas, which has been the
/ h=avies. drag upon it for several day.
past. TIE latter stock showed sons
strength today on renewal Of faith Il
| favorable action by the Illionois iegislat-
ure On the consolidation bill New Jer-
| scy Central also recovered about
points from the lowest Of the day On
quite heavy covering movement The
underlying strength OF the market was
thus allowed 20 assert Itself 10 some ex-
ten. and was helped by some special
strength n individual stocks. with the
result that the days trading brough.
fractional gains all through the list. But
while the tendency Of prices was upward
the market was lacking in buoyancy and
Vas dull and apathetic, the dealings be-
ing in the strectest sense professional
and very small and the varia tons, out
SIDE OF a few specia; cases, very narrow.
A feature Of the marke: the last few
days mas been the small dealings in SUI
gar. Efforts have been apparent a, dit-
ferent times recently to represS any
marked upward movement. in this stock
since the tari foil has been reported 70
the senate. Restricted dealings in a
dropping market would be a natural con-
sequence of this policy. The engage
ment for export o, s.. 2Oo. coo in gold here.
mad no very marked effect on values, as
The amount was about what had been
anticipated. The shipment - said 70 De
in settlement Of bills OF exchange sold
during the week. The exchange require
nlents have been very small and the
probability is that such exchage as is
called for is being settled by gold ship
men;s. even al the low prive Of ex-
change prevailing. and this Is consider
ed 20 be not unlikely 70 continue. The
weeks imports Of dry goods at New
York were valued at s2,673.2S4. which is
a decrease Ct si23. ss1. compared with last
week II is poooa Die that the imports Of
general merchandise a. this port 70 be
reported tomorrow will show proper
.ional falling off. the decreased receipts
from customers reported from day 20 day
fo-esaadowing such q result and ac-
counting IL part for the light demand
for exchange.
London did some buying in the New
York stock market today. and was a
factor in the upward tendency OF prices
New Jersey Central and Chicago Gas
again absorbed abou: one-third OF the
total dealings today. the aggregate sales
OF all stocks being only $4,000 shares.
New Jersey Centrars range was SIS per
cent. and the net gain 1 3-s per cent.
Lackawanna and Delaware and Hudson
also improved, the former 1-s per cent
and the latter 3-4 per cent. Chicago Gas.
General Electric and Manhattan also
gained about a point each on the day,
the latter on reports. afterwards denied.
that the new motive power 70 be adopt,
ed had been determined upon. The rail-
ways practically closed higher, Omaha
leading with gain OF 3-4 per cent.
There wis good buying in Western
Union, resulting in rise OF "a per cent
on rhe day. Tobacco vas heavy and lost
a large fraction. The closing was strong,
though dull. and practically a: he top
prices o. the day.
The total sales OF stocks today were
1890 shares, including: American Su-
gar $500; Burlington and Quincy $500:
Chicago Gas trust receipts 134oo: Della
ware and Hudson $500: General Electric
3. 500; Louisville and Nashville 300;
consolidated $500; Rock Is
land $500: Western Union 400; New
Jersey Central 2, 500.
The bond market ruled quiet and unin-
,erestins, with a slight tendency toward. |
4 higher plane. The s.. Louis and San !
Francisco securities were prominen. n !
the speculation, with the general fves I
Using 1 IL per cent. and the skies per /
cent The aggregate sales were ss77. coo. !
Governments were neglected, but gen
orally firm The sales were $1,000
FOREIGN STOCK MARKETS.
New ok. May 2l--The Evening Posts
The stock markets have been grow
ls Quietsr as the settlement approaches.
III, me tone today was distinctly good. /,
Cous0ls hardened al The close OF the
success o. The Indian loan. Foreigners
we're strong. notably Turks. Kafhrs. af-
.er a period o. dullness. closed strong.
earn that a syndicate was formed some
line back. principally OF Berlin AMI
capital. OF about 250. go
oouads 20 operate IN Kaffirs. A. The be-
ginning o. the recent rise about ico, 60
pounds IS said % have been laid out. on
which huge profits have been taken in
he last few years Such factor On A
'ear marke: goes far 70 explain the "a
'snt little boom in mines. The Paris
,1i Be-iia markets were firm"
FINANCIAL REVIEW.
New York. May E-B-adstreAt's review
/: The stock markets tomorrow WI! say:
Irrs.5ilar.ty In prices and a completely
I OCCASIONAL speculation have been witness
I n Wall stree. this week TIE discussion
the Cuban question IN congress las kept
.e public GU. Q. IRE rarks-. ard caused
.ordon % avoid our securities .c- he tine
eng. though pigs <or Americans ,he-e
yuPs his n some r-szssre w.-a the het-
= feeling resulting from TIE z-1atsti-. BE-
rse7 Greece ard Turkey. and the pros
ect Of peace n he Leyzat- Favorable
-op reports from TIE west gave q st-ouz
ntsrtc2e 70 ire g-zrgsTs an1 Induced Gov
ING CO short contracts T. that group. a.
cough tle uncertainty zhout .hs Cuban
=vsIoSnsat. a. Washington sTtte-.iy PRE-
sate5 L large interest from taxing tire
i.tta,ivs On the bull s.de- TIE tar11 5sIl .
as been, FOR TIE tine being oszcu-ed BY
e no~ interesting Developments n cor
.ctio1 vi-h or :o-sssa relations. AID n
zs-.csu Sugar stock aas beer SeSs active