The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-05-19
AND BONDS
STOCK MARKET NOT MUCH SCARED
OF CUBA ANY MORE.
There 10 the Belief That the Presideut's
Cuban Policy 10 Conservative, Besides
Which the Street Isn't Worrying 30
Mech About Cuba rs It Did, Anyhow
Five Stocks DO About Half the Busin ess,
But the Other Half Is Better Distributed
Than Ordinarily Of Lste-CIoses Strong.
Generally 1t Eest-B onds Active

Generaijy ut Ecst-Bouds Active
New York, May 1s-There was In the
tone Of the stock market a reflected ind:f-
ference to the possibility OF action by the
senate on the Cuban question that Nigh,
be unacceptable 10 Spain. This was partly
due 10 the belief prevalent in Wall street
that the administration has determined up
on conservative policy on Cuba bu, hold
ers Of securities are also inclined to tim:di-
ty on account Of the agitation Of the Cuban
question than was formerly the case. Per
has the restricted volume Of the trading
vas due in part 10 the Cuban discussion in
the senate, the total sales reaching only 1885,
cco shares. Although about half this amount
was absorbed by the five leading stocks,
the smaller sales were better distributed
through the LIST than for some time past,
many usually inactive shares coming in for
fair degree OF activity. Chicago Gas was
the leader OF the market and was strong all
day until just before the close. when II re
acted sharp fraction. 81. aPul and Bur-
Hngton came next IN point of activity and
moved nearly parallel all day. showing very
vigorous strength, st. Paul, however. show
Ing a slightly w.der reaction just al the
close. The strength OF the grangers was a
material factor in the strength of the whole
narke and was assisted by the grain situa-
ton in the northwest and the increase in
ST. aPul's gross earnings for the second
week in May Of sl4,9is. The Southern and
Southwestern railroads also continued their
showing OF increased earnings IN the second
week statements. Missouri, Kansas and
Texas with an .ncrase OF CO. $50 and Kan
sas CITY, P.ttsburg and Gulf of SO .695. Lon
don was a small buyer OF stocks but was
also seller and how far the one offset the
other cannot be accurately stated. Bur-
lington's extreme rise was IL per cent, and
st. aPurs is per cent. New Jersey Cen
trail moved over a range OF is per cent un>
der bear pressure and affected the other
coalers by sympathy. but IL continued prac.
tically unchanged. General Electric was
also under continued pressure but showed
no important change on the day. Manhac-
tan was forced down rs per cent. and rail-
led feebiy. Tobacco moved up is per cent
at the close, under manipulation Brooklyn
Union Gas lost rs per cent. Lead common
gained las per cent, and the preferred IL
per cent on account OF the benefits from
the proposed tariff. St. Louis and San Fran
cisco frsts preferred advanced 3% per cent
and Norfolk and Western preferred IL per
cent. Union aPcifc and Western Union
gained a point each. Fractional gains were
riade throughout the entire Est. The mar
ket closed strong and generally at the best
prices.
The total sales Of stocks today were IT,
Alb shares including: American Sugar, H.
100; Burlington and Quincy, 1910: Chicago
Gas trust receipts, 1890; General Electric,
$500: Manhattan consolidate. 400: Reading.
1850; Rock Island, 800: ST. Paul. 17.4oo; New
Jersey Central. 1890: Union Pacific 400;
Western Union. 5000.
The bond market ruled fairly active, with
generally higher prices current some few
exception were noted but these were GEN.
tered In the low-grade inactive liens, includ-
ing Colorado Midland As trust receipts.
which yielded 21s per cent. Atchison gen.
eral fours were quite animated with block
of $1,000 changing hands at so7s per cent,
the top price. The average sales were 81
$4,000.
Governments were easter on the first call
for the new tours. but later hardened sigh:
ly. The transactions aggregated $4,000.
LOANS, EXCHANGE AND BONDS.
New York May 1s-Money on call NOM
inally 1Hk01R per cent; prime mercantile
paper 3i2Gf per cent; sterling exchange.
easier with actual business in bankers bills
at s4.SI4 for demand, and at sSSis Q4s6H
for sixty days; posted rates 81 s7d4 Ssi1: com |
fnercial bills s4s5G4siz. Silver certificates |
6It4G61l1. Mexican dollars ~. Govern
ment bonds easier; new tours registered |
l22is; coupon 10; fives registered lib: cou- |
pom 113; fours registered 1lo1z; coupon III. |
twos registered IS; Pacific skies OF IS l0si4. |
BANK CLEARINGs
Philadelphia. Pa, May ls.-Clearings So |
ssl. 100: balances sl.3i4.lZ2,
Baltimore. Nd. May 1s-Clearings E,lp,- |
20: balances 1881 s45.
81. Louis. No. May 1s.-CIearings A5ep.- |
aS; balances $574.s6s: money var per cent;
New York exchange so cents bid: 50 cents
asked.
TREASURY STATEMENT
Washington, ID. c.. May 1s.-Today's |
statement of the condition OF the treasury /
shows: Available cash balance SIS. Cos. III;
gold reserve 1855 80.
GOLD FOR SHIPMENT.
New York. May ls.-The steamship Paris !
will take out tomorrow es5co0 ounces Of /
silver. The steamship Altai. from Carths-
sna, brought $4,000. OF which 1880 goes
10 London, and $500 TO Manchester. Eng.