The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-04-18


quietS crying babies. Price, p cents.
Munyon's Sore Throat Cure prevents diph
iberia and cures all forms of sore throat.
Price, % cents.
Munyon's Fever Cure will break any
form of fever. Price, % cents.
A separate cure for each disease. At all
druggists, mostly 25c vial.
Personal letters to Prof. Munyon, 1906
Arch street, Philadelphia, Pa, answered
with free medical advice for any disease.
Consolidated exchange are earnestly CO.
operating with the federal authorities 20
put stop to the nefarious business in the
interest of legitimate speculation IN stocks
These elements of dizziness left the market
narrow and almost entirely in the hands
of professionals, who took advantage of II
to manipulate one or two stocks so as TO
still further depress prices.
The effect on prices and on the tone of
the market of the New York Central bond
ing operation, announced on Wednesday,
was disappointing to those who had drawn
a parallel in their minds with the Lake
Shore operation and its results. The Lake
Shore issue of S50,0O0.000 at So per cent in
terest was followed by such an improve
ment in prices and tone and such a broad
ening of demand as had not been Witness
ed for many months, and was only stopped,
while yet at full flood, by the announce
ment of the Trans Missouri decision of the
supreme court. The New York Central
refunding was practically a foregone con-
clusion from that time, and, as matter
of fact, the stock enjoyed about 10 point
advance since then. The possibilities of re-
funding in other properties also have been
thoroughly canvassed, and the advantage
pretty well discounted. In addition to this
the size Of the New York Central issue,
100000. In addition to So, 900, 900 for the
Harlem proprietary branch, and the fact
that $15,000, 900 is to be used for new con-
struction after 1903, caused some fears that
the advantages to accrue TO the stock by
reduction of fixed charges had been over
estimated. Nevertheless, the reaction in
New York Central, after the formal an
noun cement Of the contract for the sale of
the bonds. was a disappointment to the
traders, the more so as It extended to the
other Vanderbilts by sympathy.
MONEY AND EXCHANGE.
The money marke still offers little en-.
couragement TO those who lead it. Call
loans have been made at IA per cent dur
ing the week, which is a new record. The
exchange situation offers some apparent
contradictions which are hard to reconcile.
ne price Ol eACnduEe SCHlluueS 10 IdIutll,
the demand rate for actual business reach
ing S4S7Sz64.sS on Saturday. This Is in
face of the recent lowering of the Bank
of Engiand's minimum rate of discount
TO 2i5 per cent, and an open market rate in.
London of considerably less than half that.
The foreign trade statement for March, IS
sued this week, also shows the trade bal
ance maintained in our favor by a large
increase in exports, in spite of the increase
in imports, the excess of exports reaching
100000. The increase in the price OF
sterling exchange is difficult to account for
in face of these conditions. Gold continues
to be shipped to Japan and Austria from
London, though without appreciate effect
on the monetary situation there.
BONDS.
The bond market displayed but little fea-
ture during the week. and prices generally
eased off, the international issues showing
the widest recessions. The losses were very
largely restricted to fractions, although
few mortgages registered sharp gains. The
sales were SS,976,0o0
LOANS AND EXCHANGE.
New York, April 17-Money on call nom
inally at 114d1& per cent; prime mercantile
paper 31ad4 per cent; sterling exchange
strong, with actual business in bankers
bills at si.s724 ass for demand and al sissl4
a. 6la for sixty days; posted rates s4.s6izG
4.6 and s4.ssI4. SS1a; commercial bills 81. ssh;
bar silver O.; Mexican dollars 1879; state
bonds dull: railroad bonds weak; govern
ment bonds. new fours registered, 1854;
coupon 1ei4; fives registered T22i; coupon
III; four registered 11l14; coupon 112i2; twos
961a: Pacific skies Of '9S 10i.
RANK CTFARTNGS
Philadelphia, Pa. April 17.-Clearings SIC,
459, 0S9; balances 81, 51OS4.
Baltimore. Nd, April T.-Clearings S,
476; balances sS24, 912.
TREASURY STATEMENT.
Washington. April 17.-Today's statement
of the condition of the treasury shows:
Available cash balance So, 466, 90; gold re-
serve Sl54, $40 e25.
THE BANK STATEMENT.
New York, April 1.-THE weekly bank
statement shows the following changes:
Reserve, increase 1850; loans, increase
s., 1860; specie. increase S755.900; legal ten
GERS. increase S76,6 500; despoits. increase S.
$3.50 circulation, decrease S1S4.400
The banks now hold s4S. 26690O in excess
of the requirements of the . per cent rule.
New York. April 1.-THE Financier says:
According TO the statement issued by the
Associated banks of New York City for
the week ending April Il the clearing
house institutions gained s1.5SSe.5eo in cash.
and increased their deposits s2.ei2.60n. AS
loans expanded Sl,475.e00. the change in the
deposit item agrees closely with the ex-
pansion in the other totals. The gain in
cash. however, was not as large as the
of the week had indicated. The
flow of funds 10 this center has been IN
heavy during the past few days,
and despite the increase Of one and one
half millions in loans. the reserve is larger |
than at the close of business one week a 60 |
It is not improbable that the loan increase
represents the business of that period. as
the demand for money IS now at a low ebb. |
and rates are establishing new records, /
in the call loan branch A mat |
ter of some moment just al present IS the
course Of foreign exhcange. II the de- |
nand for gold on the part of Japan and |
Austria continues. there = strong prob |
ability that specie VII be exported from |
the United States. The present exchange !
quotations are under the shipping point. |
but the drain on the Bank OF ngland has |
resulted in a net loss Of gold 10 that insti- |
luton of not less than 100000 within the |
past week. and there : nothing 10 indi- |
ate that Il viii abaJe 20 any extent soon. |
The movement from the United States IL |
gold IS actually exported, VIII not De on |
account OF tire trade conditions here. hut /
will reflect rather the change IN the Japa- |
lese monetary standard. and the war pro- |
32raiions IL Europe The domestic staa-
ion does Tot warrant exports a. the pres |
mt time. although continued impoTtacoas /
u merchandise in heavy volume Ted's"s cur /