The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-05-06

| Hedrly n3I were OF sugar ard Chicago Gas.
| Outside of these Western Union was the
only notable active stock on the list The
/ Cod stocks, all Of them, and the coaIers
were depressing influences in the market to
some extent, the former seeming 10 be to-
tally lacking IN buoyancy until the final
transactions Of the day, when they rallied
fraction There was what locked ike
| liquidation n all OF these stocks, and many
runors bearing on this were set ahoat 10
/ neip in the decline. The turbulent rush
Z 20 cover OF the shorts last night left that
interest largely depleted IN today's market
( arc there was no resulting pressure to buy.
There was. besides, the natural reaction
/ from yesterdays upward rush on profit
taking. The lower prices OF Americans in
| London helped the decline 20 some extent,
| though not fully to the London parity IN
/ ii that market had sold several thousand
, shares OF the leading international stocks In
! this market. These were all contributory
causes to the depression. But the pr.nci-
pal motive Of the selling was undoubtedly
a modification OF the view held yesterday
/ that the tariff bill was assured OF a speedy
enactment Into law. Reports found cur
rency early in the day Of expressions Of DIS
satisfaction with the. bill by prominent
members OF The house of representatives
and especially OF determined hostility 10
schedules which are viewed with most IN
F.. tereSt IN Wall street. Seeing the fender
ness OF the market, the traders embarked
upon selling movement to discout the de-
| feat OF the Angio-Amsrican treaty IN the
senate, the vote upon which was not yet
/ taken when the market closed There was
no evidence il this to any deep seated
tiTidity OF the part OF capital lest the de-
feat OF the treaty should lead to interua-
( tionai complications. II was rather a ma
reuve- CT present traders, which was ef-
fectiTe IN narrow market, and which was
based or SUPP osit.on that London viii
SELL American securities on the defeat OF
the treaty.
The day was marked by further decline
IN the rates of sterling exchange demeri
touching sls7 and 50 days ASA. and the
consequent substance Of apprehensions OF
further gold shipments on Saturday, which
ere now considered highly improbable. RU-
NOR OF an agreement by an exchange es-
Enlistment not 10 ship more gold were de-
died, but tbs was coupled with the state
ment that further shipments were not Ike
~ this week. The gain OF gold OF s245,. CO..
yesterday was a further factor IN dispers-
Ing apprehension on this score. Some OF
the extreme declines, which show ret loss
es approximately in mos. cases. were: Su-
gar, 21s per cent; Tobacco. III: Western
Union. ~; Manhattan, rs; Missouri Pacific
l1eal&, which Is the loves. on record: Del
aware and HUDSON IL. ard New Jersey
Central i7s. The average loss on the lead
ing railway shares vas Z per cent. Ct.ca-
go Gas was strong in face OF the market
and rose II. per cent. but reacted a per
RrOaxl-v f-rfn7 81
per cent on the Signing OF a 5-year contract
with the city. Lead Jumped IL per cent
on the schedule IL the tariff bill affecting
ii, but lost the advance.
The total sales OF stocks today were 49,
s47 shares, including: American Tobacco.
$500: American Sugar. 1850. Burlington
and Quincy. 1850; Chicago Gas. ., 10; Della
ware and Hudson 1900; Louisville and Nash
Vile. 3..1; Manhattan Consolidate, 500;
Missouri Pacific, $50; ST. Paul. 1850: Ten
nesse Coal and Iron. 800; Western Union.
$500
The trading in bonds was moderately ac-
tive. with slight concessions general in the
speculative issues. Business was largely re-
str.cted TO the principal liens, with sales
OF Atehison issues by continental interests
quite marked. The sales were 81 .o5e. go.
Government bonds were slightly frme- |
N tone, with the total sales aggregating
SIiea1.
FOREIGN STOCK MARKETS.
New York May 5.-The Evening Posts !
London financial cablegram says:
The stock markets were firm today. but /
the boom in English rails was the only fea-
ture. The rise in the latter has undoubte:- !
" been TOO fast, and the speculative posi- |
ton IS very large. Foreigners were firm !
after dullness. Kafflrs were steady; great /
interest cen.ers in the consolidated gold |
fed company meeting on Friday. Braziis |
were fiat. There Is a continued fall IN ex-
change L Is runlored that Japan < 70 |
issue a loan here for 100000. I hear in 4
soo3 quarters. however. that az present the |.
arrangements IS merely fer an international! |
loan for thar amount II exchange Is made !
il viii be the result OF overtures from Lon /
DON China VIII pay japan tzSo.6C0 On I
Ss lr5ay. OF this IL Is believed that q con-
siderable amount viii soon be dtsbuTsed /
here for ships. etc Much interest was Felt i
In the Indian council selling drafts today 1
under IS pence per rupee, although Only ~ |
lakhs were applied Tor. L would h..A |
weakened silver only. A French u1intage /
order for ESQ 600 pounds ha. 20 be rendered |
FOR Tomorrow. The aPris boursa opened !
dull or the fire. but closed good The Bsr- |
In market was steady"
LOANS. EXCHANGE and BONDS.
New York May 5.-No-ey On cal no-nin- !
ally IisFs Per cent prime mercantile paper /
Si.Fi per cent: sterling exchange heavy. I
with actual business in bankers bis a. l
sis7-. fo- demand. and a. - ssG4 So. for /
90 days. posted rates 81 ssz-G=S and 81 81 /
1 So: commercial bills ss-SGiS1.; silver /
certificates s5EsaSIi.: bar silver, Sos cents.
Mexican dollars f57.- Government bonds. |
arm.
BANK CLEARINGS
Philadelphia. Pa. Nay 5--Cleari-sS SO
5l9S 81; balances S.4s-.45s
Baltimore, Nd. Nay 5--Clsa-!1gs E,7a.-
81: balances tSS7.754-
s. Louis. No. Nay 5-Clesri1gs 81 ~
As: balances So 81: money 5fsT Per cent:
New York exchange sc bid: s. asked
New Orleans. La May 5-Crear.ngS 50.
ca; New York exchange SO per S-oo pre-
MUM: commercial 5 cents per sou pre- :
MUM
TREASURY STATEMENT
Washington. . c. May 5-Tc6ay's state
merit Of the coz6i,son o; TIE treasury shows
Available cash balance 80. a. 81: god re-
serve sIssslsl2
LIVESTOCK MAEKrr@