The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-05-08
STOCKS AND BONDS
STOCK MARKET CONTINUES EX.
TRENELY NARROW.


Volume and the Range fractional In
the General List - Ssreogth shown IT
Timss and . Million. Dolier Gold En-
gssemeut Ignored - Genera, Railway
List On-Lisht Bond Dealings
New York, May 7-Tcday's market
for stocks continued extremely narrow.
and to the last degree professional. with
nothing in il that reflected any general
condition or influence on values. The
dealings were even IN smaller volume
than yesterday, and Western Union ao-
sorbsd more than a fifth Of the tota.
dealings. 5000 Of It's shares changing
hands during the day. The general list
moved over only a small fractional
range. and many stocks remained tota:-
ly inactive during the day. the large ma
uted among few stocks. A tone OF
some strength was impaired 70 the mar
ket at times, and. most notably. etrangs
10 say, Immediately after the announce
ment Of an engagement; OF 100000 IN
gold for shipment 70 Europe tomorrow.
The strength was most notable In the
grangers. with the exception OF Omaha.
which was one of the notably weak spots
in the market. The price OF the group
generally was thus carried up 20 price
equal TO or above last nights close. Re-
ports Of the good progress being made il
spring seeding in the northwest was
among the favoring influences On these
stocks, and some small net gains were
shown in this group. The general rail-
way list. on the contrary. was OF an
average fraction as the resu. Of the days
trading, the vanderbilts especially show
ing a reactionary tendency. Omaha sag
ged from the opening. yielding 2h per
cent. but recovered part Of the loss. The
decline was due to the selling OF holdings
acquired on the superstition that another
divideCd might be declared this year.
The coalers also showed a cessation OF
yesterdays strength in largely diminish
ed dealings. Other movements were a.
most wholly due to special causes. The
Gould shares showed themselves much
frmer against bear attacks than yester-
day, although the movements Of Western
Union were decidedly erratic. II lost 1s
per cent. rallied rs per cent. and flrally
again reacted 1x per cent. Manhattan
also moved irregular.y over range Of a
point while Missouri Pacific was COM
para;ively steady. Chicago Gas reflected
the effects OF realizing and impatience
over the delay in legislation for CONSOLE
datior. The stock lost point on the
day. Local gas stocks. on the contrary,
Showed continued strength. Tobacco
jumped 2 per cent. to 711s per cent. on
manipulation. American Spirits pre-
ferred again gamer 1% per cent on the
day, as a result Of the favorable settle
in an cratic manner on conflicting ru-
more and c.osed with small net gain.
Northern Pacific preferred rose a point
early in the day and maintained the
gain. though Il fell into dullness. London
was small seller Of shares on arbitrage
during the day at higher level than
here. London prices for Americans. how
ever, improved noticeably before the
close there. Standard Oil llquidating
certificates sold AT 307 per cent.
The total sa.es of stocks today were
1i1,7l5 shares. including: American To-
bacco. $500; American Sugar. $500: Bur-
lington and Quincy. 9.4o0; Chicago Gas
Trust receipts. 10000; Manhattan Consol-
idated. 1900: Missouri Pacific, 1000:
Northern Pacific preferred, $500; Omaha
10000; Rock Island. 200; ST. Paul. 1900:
Western Urion, 2s,70o.
BONDS.
The bond market vibrated somewhat
frresularly. with liquidations in Erie
prior lien fours the feature. The bonds
sagged 3b per cent, to ssh per cent, on
the announcement OF the dissolution OF
tie agreement, with the underwriting syn
dicate. to retain their holdings. The
changes in other issues were trivial, with
business very light. the total sales agsre-
eating only $725.ooo.
Governments were slightly easier On
prof. taking. The sales were $4,000.
FOREIGN STOCK MARKETS
New York. May THE Evening Posts
LONDON financial cablegram says:
The stock markets were quie. bu.
firm goday on a belief that an arm;siice
between Turkey and Greece vii, soon be
declared. Consois and similar securities
closed al the best. Brazils alone were
fat on the further fail in exchange. With
the settlement approaching the restric-
ton cf business is natural, but IL eastern
ed FOR az the next account. Kafiirs were
steady on the God Field company's sat-
isrsciogy meeting. a. which the scheme
for Few shares was approved Practi-
cally ali the money necessary for the
rayrns nttomorfow % 2.ss0.oo0 pounds
from CANA 20 Japan has been transfer
red N tae Bank Of England. and ye; The
outside supply OF cash Is abundant.
which q significant. TIE Apri. returns
are satisfactory. The imports show
small decrease. American shipments 81
c5fton icing about hall those o. a year
ago. The exports Increased 1880. 900
pounds. including increased shipments
e NooIeas and other goods 70 the United
States Today's drop ot one po!n; Il Ber-
IN exchange on London - probably due
% the competitor o. tie remittance 20
London of me Chinese indemnify funds
Tne Paris and Berilr markets were
steady 20 frH-"
LOANS AND EXCHANGE.
New York. May Money on call easy
a. 1Ad1i7 per cent; las; loan IA per
csa.: clossd offered az i.diiz Per cent:
prime mercantile paper si1G4 per cent
Sterling exchange na-ms- xf>h actual
business in bankers bills a. SGAd
4 ST., f5r demand and al 81 4ssi4 for
- days: pos-sd rates, tssi4 Gfs7. and
81 ss3I S3%: cennsr-lsl bills. 4S9
4 sSI.. Silver CERTIFICATES soizds1 Bar