The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-05-21
STOCKS AND BONDS
NEW JERSEY CENTRAL Is The FEA-
TURE OF THE STOCK MARKET.


feetcd. Especially the Coaiers-Cuban
Question Makes Itself Felt Again
Chicago Gas inciden. Not Yet Closed
Railways Close at Slight Changes
New York, May O.-New Jersey Central
eagrossed the largest share Of attention on
the stock exchange today and registered
gress downward On January ] Of this
year, this stock sold at 1887. per cent, and
on March I az 81 per cent Today the stock
was sold in large quantities at So. per
cent, and the exrrsme decline for the day
was Sas per cent, and in two days il has
fallen 57s per cent. The trading n the
stock was a. times very animated byt q
large proportion Of the sales were made il
small lots, many successive sales OF 100
snare lots beng recorded with a decline OF
3 per cent or even !. per cent on each sale.
his caused credence 70 be gwen 70 ale
cations OF inside liquidation, which served
to help on the decline. For several hours
support seemed forthcoming for the stock
al various stages but the effort was abaE-
regularly for the rest OF the day, and down
TO 6sl. 1&per cent. closing az % per cent.
Thes sales for the day numbered 6,7oa The
depression Of such a weight on the market
affected the whole list, the othe- coaIers
naturally showing the greatest sympathy,
as being subjected to ore OF the same con-
ditions which have impaired the New Jer-
sey finances. They clased slightly above
-ha
Lackawanna and Delaware ard Hudson,
rs per cent each. and Susquehanna prefer
red. Is per cent The general Est from
the opening Of the market, showed the e.
feet OF the more serious phase assumed
oy the Cuban uqestion. Americans were
depressed in London and this was said to
be due in part 10 early sales there on New
York orders. New York opened down to
about the London parity. But there were
rot lacking evidence OF recuperative power
n the market during the day, especially in
the srangers and the railways generally.
the possible developments IN the Cuban
question being viewed with comparative
equanimity. The market was also rel.ev-
ed of yesterdays heavy weight of Chicago
Gas sales. the price OF that stock rallying
to small extent on the decision Of the
vote on the consolidation bill New Jersey
Central and Chicago Gas together were
credited with 5000 out OF a total Of 80. 600
shares sold. With the sales Of the Burl;ng-
ton, ST. Paul and Delaware and Hudson
added TO these, two-thirds of the sales were
accounted for. Losses OF a point occur
red in Tennessee Coal and Iron and United
States Leather preferred, the former on
faRraaSaI
statement and the latter on the unfavora Die
trade outlook II the late dealings, Metro
poEtan Traction scored a gain of q. per
per cent on a judicial decision favorable 20
the compsny's right TO change the motive
power on certain Of its lines and affirming
that the city's right to take over the tracks
at certain named sum had lapsed through
misuse. The railway list moved very mar
rowly and closed with slight changes
The total sales OF stocks today were Isl
aOl shares, including: American Sugar. H.
200; Burlington and Quincy, 1890; Chicago
Gas trust receipts. 3o,so9: Delaware and
Hudson. $50; Louisville and Nashville. g.
so; Manhattan consolidate. u, go; St Paul
l1.soo; Tennessee Coal and Iron, $500; New
Jersey Central. $3.50.
Railway bonds were well held during the
gains occurred, despite the extreme heav--
ness OF the stock exchange. Towards the
close. however, generally easier tone &C.
veloped and values OF some of the prom
inent mortgages were lowered a fraction
The aggregate sales were 1854 go.
Government bonds were dull. but steady
throughout The sales were $500
FOREIGN STOCK MARKETS
~ r.
London financial cablegram says
The stock markets opened exc!teGly to-
Cay and good. but the pace was 70 fast and
a sharp reaction followed IN home rails
There was a paritl rally at the close For
e-Slers were irregular, TIE feature being a
further sharp rise in Greeks and Turks.
Kaffirs. after booming upwards. closed at
the lowest, II is evident that the present
rise IS mainly due 70 the bears being
caught and some more failures are looked
Tor at the settlement. Germany has bought
fairly largely but the public here IS still
shy and the largest African houses 10 not
want boom until they have secured the
they want In South Africa. De
tails OF the gold movement for the week
show the expert Of ZIG, go from the Cape.
81. 600 from China and 5000 from Austria
to 1UudN tO4A was very strong al IS
u%.d. and the bank sold a small amount
Much mystery IS observed as 20 the des-
tination OF the gold and few really know
whether Japan. Austria. Germany or Rus
sia Is the real buyer. I have special means.
however, for knowing that Just az the
moment Russia is the chief buyer L.
deed, SO keen s the demand in that guar,
ter that about :2oo.Ooo just ar-ied from Aus
-.f -. 49,
pan is not buying Jus; TOW and probably
will Tot til after the new Loan has been
<sued. The aPris bourse, which was fr1.
iur.ng the day. was a little weaker az the
close. on the selling OF KaHrs The Ber-
il market was dull Rouman.a short-date
treasury bills are being soh there"
London. Eng, May n.-AnoUnt Of gold
Withdrawn from the Bank OF England on
balance today Et0Co.
LOANS. EXCHANGE AND BONDS.
New York. May 0.-Mouey OF call easy
idis 3lss per cent, last Loan =. Per cent:
,losed IL.QI-2 per cent Prime mercantile
]apsr SixfI4 Per cent Sterling exchange
luIl ana easier with actual business II bank
rs bills a. SS1sGsE2s for demand ard II
4 ssG+ So. for - days. Posted rates SH
IND s.. Slll 49,. Commercial bi.s Asi.-
silver ce-tigcatss e9fs1-s- Bar silver -
Iex.cal dollars 47Ssc- Government bonds
;eady; state bonds dull; railroad bonds |
i'm
BANK CLEARINGS
New York. Nay A--C.eaz:ngs ss7.e15z-s: |
8. - SO
Boston. Mass. May 29.-Cls4-ass s-ll-s.- |
$; balances s. 4Ss ~
PA..adel7h.a. Pa. Nay T.-Cisar--y s.
5, 90: balances s.. ss 80
Baltimore. Nd. May N-Ciez-ings s. $50 |
a.; balances 81 IS
81 Louis. Me Nav 1o-Cisar.aEz g 81
=: balances go. ~: money a. ps- cant; |
Ssv York exchange 90 cents bid: - cents /
Skez