The Wichita daily eagle., 1897-05-13
STOCKS AND BONDS
STOCK MARKET REPEATS TUES
DAYS PERFORMANCE.
cts London Set the Pscs, and when Lon
don Closes and There Isn't Any Pace,
Then the Strength Dies Out-London
Again Purchaser, Though In Less Vol
ume Than Before-Dullness In Part Due
to Expected ACCOMPLISHMENT of Further
Gold Exports-Net Changes Narrow
Bonds Firm-Governments Dull

Bonds sEirm-Governments Dull
New York, May 12-Today's market for
stocks was almost a repetition OF yester-
days, whatever strength there was geaer-
ally manifested not outlasting very long
the close OF the London exchange and the
strength reflected from there, which was.
however. less marked than yesterday. Lon
con also was again purchaser OF securities
II this market though not in so large a vol
urne as yesterday. Some purchases were
also said TO be for Holland account. The
stocks bought by the foreigners were Union
Pacific, ST. Paul and Louisville and Nash
Vile, also Norfolk and Western. Some sales
for foreign account were also made. Tie
selling movement in Sugar and Chicago
Gas became heavy later in the day. Sugar
bbeing sold on reports Of jeopardy to the
| Sugar schedule OF the amended tariff BIZ.
and Chicago Gas on reports Of the likeli-
hood that expected beneficial Legislation
could be enacted in Illinois. This caused
such sharp declines in those stocks that the
depression spread by sympathy through the
list. The dullness of trading was in part
due TO the expected announcement OF fur
tner gold shipments bbut these were not
| forthcoming beyond an increase of only
5000 by house which had already an
hounced 10000 by tomorrow's steamer
nateVer shipments may be made by Sat
"Tddy steamer are not expected 20 be
Snail, as was forsshadowed last night.
ihere Is, N fact, very light demand for
eAc4aange and no encouragement to offer
pllis against gold 1t is evident that very
small Quantity OF these would break the
exchange market below the prohtable point
for gold shipments. What shipments may
oo7 Forthcoming on special orders from
Europe, Of course remain open to conjec-
ture. The considerable purchases Of our
| securities by London yesterday and today
| has tendency TO weaken exchange An
| increase in the exports from the port of
New York for the week Of 81, $40 26S, some
what Offset the enormous imports of last
week and the government receipts from
| customs from day to day show that this
weeks imports will hardly reach anything
Ike last weeks figures. On the other hand,
New York exchange on Paris showed a ten
dency to harden and the Paris rate on Lon
don declined slightly again today AS a
result Of the upward movement OF stocks
today and the subsequent reaction, net
changes are for the most part very narrow
The restricted character OF the market is
shown by the fact that Sugar and Chicago
Gas absorbed over one-tdird Of the total
dealings and as these two stocks were nota-
bly, depressed. they constitute an effective
drag on the market. The foreign purchases
OF stocks were estimated at from ZOO to
900 shares. The declines in Sugar reach.
ed IL per cent. with rally Of y per cent;
Chicago Gas fell rs per cent, but the ne.
loss was only 5s per cent There was little
Of importance in the movement Of the rail-
way shares but the reaction in the marke.
carried the list generally 20 a fraction be-
low last nights close. Union Pacific was
an exception and advanced IL per cent, TO
rs per cent, on foreign buying. Oregon
Navigation preferred enjoyed further rise
OF points Standard Oh liqudated certin-
Gates sold today at 81 per cent.
The total sales of stocks today were fS-
536 shares, including: Amebican Sugar. %
800; Burlington. 700; Chicago. Gas trust
receipts. z. 200: Louisville and Nashville, A.
800; Manhattan consolidated. 400: Reading.
100; ST. Paul. 10 100: Union aPcihc. u,fco;
Western Union, $500; New Jersey Central.
500
The bond market maintained a firm tone
generally with purchases for foreign ac-
count again noted Gains OF slight fractions
were generally made in the leading issues,
with the speculative Eers absorbing the
bulk Of the dealings. Improvements OF fG2
Per cent were scored in some of the inactive
n:ddlegrade stocks. The aggregate trans
actions were s1.l25,oc0.
Government bonds were dull. but a hard
ening tendency was apparent in the new
fours. The sales were s320oo.
ILLINOIS CENTRAL BONDS.
lit
railroad has negotiated a sale of So. 100 |
OF So per cent gold bonds secured upon the |
former Chesapeake Ohio and Southwestern /
and ST. Louis, Alton and Terre Haute: also |;
sl.Sos,ooo Chicago. ST. Louis and New Rr- |
leans first mortgage 81: per cent bonds to 4
retire maturing division bonds. and 500 |
Oo6 OF maturing Springfield division bonds /
TO bbe renewed al 31e per cent.
FOREIGN STOCK MARKETS
New York. May 12-The Evening Posts |
London financial cablegTam says:
The stock markets were quiet today.
with a reaction in some OF the speculative
stocks which have recently advanced 60 |
sharply. The tone. however. is still dis !
tinctiy firm. Americans were quiet bu. |
firm with some exceptionally good buying.
rotably OF Central Pacific, Norfolk and
Western, and Union aPcifc. The close was
steady but there was no business. Braztls
were better again and kaffrs were good
There was sharp rise IN Peruvian stocks
or a reported contract signed by a French
syndicate with the Peruvian government
for loan Of about 1ooo.0Ho pounds. L IS
believed that satisfactory arrangements
VIII be concluded for meeting the ePruviau
corporation bondholders' claims on the gov
eminent. The Paris and Berlin markets
were firm"
LOANS. EXCHANGE AND BONDS.
New York. May I2-Mouey or call easy
at lLGli2 per cent: last loan ~ per cent
and closed offered 1i.Hiis per cent: prime
mercantile paper 51-G4 per cent; sterling
steady with actual business in
bankers bills at s4s,,4 "a 81. for demand.
and s.. sSixa4 SSia for sixty days: posted
rates s4SG4S71a and SsSl4 So; commercial
bills ASi.. Silver certificates seI.GsI. Bar
silver 6rz.
BANK CLEARINGs
Philadelphia. Pa, May ie-CleartrEs go
tn0. ssS: balances Sl.SS. se4
Baltimore. Nd. May 12-ciea-inss = .ss-
.ee: balances Se. IS
81. Louis. No May i1-Clez-inz Ss-,
aso; balances ss4s.54i: money 4G1 per cent;
New York excHhange, 60 cents bid; g c
= sked.
TREASURY STATEMENT
Washington D c. May l2-Today's state
nent OF the condition 90 the treasury shows
sva;iahle cash balance SO ss 80; gold re-
serve Ef7 sson
GOLD FOR SHIPMENT.
New York. May Ia-Kitier. Peabody &
Co, have increased their gold shipment:
Tor tomorrow Sa.co. making tie total ship
neuts x5a,oo.