The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-05-28
AND BONDS
NET CHANGES IN STOCKS HARROW,
BUT MOSTLY LOSSES.

Come . Sensstioaai Slump In Rubber,
Which, Together With Selling In haiti
more and Ohio. Stops the Rise and
| Checks the Aetiviiy-Eneet Of the
| Bavemeyer Trial and Aequittal Upon
Sugar Stock-B Bonds FIuctu.,e Violently
-Lendea improves.
| New York, May 27.-Ths market was
| quite strong for a time today but the
| rather sensational slump in the Rubber
shirts and the large selling IN Baltimore and
Ohio put a stop to the rise and also TO the
activity Of the trading. The volume Of
| the dealings in all stocks for the three hours
OF trading after the noon hour was only
about one-th.rd CT that for the two hours
before noon. The lack OF confidence in
tie stability of values on the part of pro-
fessional traders. who st.II control the mar
ket almost altogether, was illustrated by
the prompt:tude with which they proceeded
! 10 take the profits on the rather slight pro-
vocation. Those who are ding the bulk OF
the trading are now evidently In the mar
ket for a short turn. There was no con-
tinCance today Of the commission house
buying which has Indicated a weakening
OF outside interest in the market. The
fail In the Rubber shares was coupled with
rumor that Il was caused by liquidation
OF interests retiring on account OF the de-
clination of reelection by President +.
W. Evans. This eceentuated the decline
without the sales reaching an extraordinary
volume After an extreme decline of SIS
per cent for the common stock and ~. per
= ~s <nv trc ft>~1
rather strongly. the common closing at /.
per cent and the preferred at 60ie per cent.
All the securities Of the Baltimore and Ohio
that were dealt in showed continued heav-
ress on the belief that the road VIII de-
fault on Its June interest payments. Some
sentimental effect was exerted upon Sugar
stock by the trial Of the president of the
company for contempt. but the dismissal
OF the case al Washington yielded no sub
stantial aid 20 this stock. The market was
remarkably dull at the periods OF decline.
London appeared to be a ready buyer of
rearly all the international stocks when
they fell below the new London parity. The
total purchases for London account were
estimated az Il. 900 shares. The net changes
in prices were narrow, but are mostly
Losses
The total sales Of stocks today were 134,-
$50 shares. including: American Sugar, 2s,>
600; Burlington and Quincy. 1900; Chicago
Gao trust receipts 1880: Louisville anc
Nashville, $500; ST. Paul, l7.Do: Western
Union. $500.
Tho railway and miscellaneous bond mar
ket was characterized by violent huctua.
lions in a number Of issues including the
baltimore and Ohio liens and Kansas City
and Pacific. The latter receded 3% per
cent. Marked strength was noted In some
Of the prominent issues. which was attribu;
ed to liberal purchases for continental ac-
count. the Erie mortgages were more sc-
lively traded IN and the prior liens gained
l1s per cent Fluctuations IN the specuia-
tive bonds were rather narrow. but a gen.
orally firm tone prevailed The sales were
$i,239UC
Government bonds were strong and high
er on transactions Of $4,000.
FOREIGN STOCK MARKETS.
New York, May 27-The Evening Posts
London financial cablegrsm says:
There was a further general improve
ment In the stock markets today, partly
due TO the glorious weather. Home rails
are booming again. but quite the Is the
strength of Americans. I cam o. report
much public interest yet. but the profess
s:onal interest undoubtedly increases with
priced bonds and preference stocks of re-
or ganized lines. Atch:son adjustments
were again strong, the market here going
for the proving July. New York price.
were a little disappointing and hence a
slight reaction came at the close. KafTirs
we're good, Not the least factor IN the
stock at the moment is the position OF the
committee Of inquiry. Money is very dear.
Details OF the gold movement for the week
show the sales Of 354 600 pounds in bar
sold, chiefly for Russia and Austria. and
the receipts of 10000 pounds from the Cape
and 5000 pounds from Australia.
LOANS. EXCHANGE AND BONDS.
New York. Mao A.-Money on call easy
at 1Adlia per cent; last loan IL; closed IL
Qlh per cent Prime mercantile paper 81
IA per cent; sterling exchange weak with
actual business In bankers bills at 1850
4 81 for demand and at 81 s5a4d4ss for sixty |
days. Posted rates &ss11d4s7 and Ass5 |
ssh: commercial bills Sass; sidver certifi |
Gates. SOie 4S01,: bar silver, 60; Mexican dol
lars AZ; government bonds strong: state |
bonds firm.
BANK CLEARINGs
Philadelphia, Pa, May Chickering's s. |
i3l IA; balances $l.os7.iG.
Chicago, Ills. May N.-C1earings S17A3.- !
so; New York exchange 50 cents premium |
foreign exchange weak, demand As71s. 90 |
days $3.50
ST. Louis. No, May z7.-Clesrings &3of.- |
So: balances $3.50; money 4d7 per cent; |
New York exchange IS cents bid; 81 asked. |
TREASURY STATEMENT.
Washington, d. c. May E.-Today's /
statement OF the condition OF the treasury |
shows: Available cash balance Se3o.s2, 49,: |
sol