The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-05-15

tive God shipments and the Possibility
of Trouble With Spain are Influences or
That Side -.sprins Wheat Cuts Some
FiSure-Bouds Firm-Week's Review.
der steady and uure,nitt.ng pressure al
Gay today from one source or another and
the result IS a wide gap n the total yaiu-
alton Of securities compared with the close
yesterday. which il would require many
millions OF dollars 10 bridge TIE Only
cheerful factor in the market vas some
early buying for foreign account, witch.
however, failed TO sustain values, and the
| exceptional strength OF the Gould shares
During TIE earlier hours OF trading the
bears harpei irdustriously OF the develop
nlents in the Cuban question and the gov
ernment's proposed attitude towards it.
[ The Washington adv.ces were held to fore
I shadow aggressive action by the govern
meut, such as would De likely 20 enbro:l
! The country with Spain. When later ad-
vices from the capital Indicated the mii6er
! character OF the measure contemplated and
/ that they would probably De confined 70 the
/ Dispatch OF relief 70 distressed American
/ citizens in the island, the bears turned 10
/ the announcement OF an additional ship
ne1t OF 81, 20. COO il gold bars by tou,or-
-Cw's steamer. T6.s makes the total for
| the steamer g 250,ooo, whereas the selling OF
| stocks earlier in the week was based upon
an estimate that shipments would aggre-
gate 100000 or even s10,e090Go. II is sig
nihicaEt also that these shipments were
I Ia Id =rSs
eating the special character Of the demand
for the gold. The volume OF purchases OF
securities for foreign account during the
week has undoubtedly affected the ex-
change situation. The decrease for the
week n the value OF dry goods imported
at New York OF s2.043, GO is equally sisnfi-
cant. The market was weak, however. un-
der vague apprehensions that there would
come late news of further heavy shipments
and the bears made this an effective instru-
nent for keeping up the depression. Before
any notable rally could occur, news was
received that the presidents Of the anthar-
cite coal roads and companies had received
summons from the attorney generals Of
flee at Albany TO answer 70 charges OF con-
sp.racy under the new antitrust laws. A
marked heaviness developed as result IN
al OF the anthracite coalers. and sympathy
IN the entire Est especially in the industrialS
which might be proceeded against on the
same charge as that brought against the
ccal companies. New Jersey Central fell
10 the lowest price OF the year under this
selling. The extreme decline was y. per
cent, 70 75l4 per cent. The fall in other
coalers ranged from = to y. per cent. Su-
gar continued heavy ard declined rs per
cent TIE railway list generally sold of
a. a large section, the grange-s leading,
but recovered a portion OF the loss before
the close. Rubber preferred lost IL per cent.
The Could shores were notable exceptions
TO me weakness Of the market, M;nhattan
especially showing rise. at one time of Is
per cent, with subsequent reaction of S
per cent. The gains IN the others were con-
fined TO fractions. LaClede Gas preferred
also rose per cent. Throughout the bal
ance OF the list, losses were general The
closing was steady, the slight recoveres
being well held.
The total sales OF stocks today were 49,
600 shares, Including: American Sugar. r.
Ice; Burlington, 1l.lo0; Chicago Gas. 1880;
Louisville and Nashville 800: Manhattan
consolidated. 800; Northern Pacific. pre-
ferred $500; New York, South and west
ern preferred 500; Reading. 700; s.. Paul.
Trading was in small volume in the rail-
= ay and miscellaneous bond market. with
i-mness generally apparent IN tie specUia-
tive issues Some acute weak spots develop
ed in the Inactive liens, with Peoria, De-
catur and Evansville seconds featured by
decline OF li7s per cent. Northern Pacific
Terminal. which has been under pressure
throughout the week. lost per cent, and
Galveston, Houston and Henderson firsts
yielded TO similar extent The aggregate
sales were s5icl0.
The feature OF the government specula-
ton was the purchase of a block OF s1no,0oo
OF the new four coupon az slight advance.
The general market also displayed a hard
eIing tendency. The sales were So, coo.
CHICAGO STOCKS.
Chicago. Ills. May Ii-West Chicago
again monopolized the attention OF stock
dealers and some business resulted Clos
ing prices: Streets. 1879: Diamond Match.
l2S; Chicago Gas, S1I4: Strawboard. y: Yves,
Chicago. 95I4; North Chicago. 21: Lake 81.
L iI3; New York Biscuit 49,
LOANS. EXCHANGE AND BONDS.
New York. May 1.-THE Evening Posts
London financial Cab.egram says:
The delay In the arrangement .or an
markets hers ard ta~y closed dull today a,
q general reaction. Tire was no business.
Gold IS in increased demand az 77si1,zd.
Money is becoming slightly hard because
OF The new loans. IEdir today announced
S.5oedo0 two AMI a half per cen, loan.
the minimum price Of issue beng IS. TIE
japanese loan will come next week The
Paris and Berlin markets were steady"
New York. May I4.-Bradstreet's financial
review tomorrow VII say:
Speculation IN securities has become sinp-
~ al exchange OF eoatracts between pro
fessio1al operators, and L Is also soma
what evident that TIE large class CT stock
market traders are inclined % wait and
take E-tls general interest in The proceed
i1sz- Uncertainty about the income on the
tariff : 4 principal factor n inducing this
hesitari7g spirit. and AZ the end CT TIE
week ths revival CO the Cuba question az
Washington II q form which. f : thought,
nay result IN action BY congress a. IRE
executive. and the additional possibility or
enb-oii1ls1t WIKI Spain. has had a further
depressing and restrictive influence. TIE
mere cheerful tone % the London ard Con-
t-1e1t2l markets CT tas osFst that wa b.
tween Greece ard Turkey would be brozz5;
- an immediate e-d BY the powers wzs re-
fscted hzrs early = TIE week u did not.
tcWrs-. rssUlt = azy Improvement n TIE
foreign interest u .-ns-iczEs. ard ADVISES
fTo- abroad 20 Sc far as g STATE that re
pchllc professionals u London are inclined
% ignore or securities. A. tke same tine
shsre has been so-rs foreign hzy5-g here
Presumably fer courirsutzl account. EntcA
= IS mainly confined . a. inquiry fo- ior-
priced seecks and bonds of recoz1-Ess
rozes. Cnsoz aPc.6c shares figuring mere