The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-05-08

men. OF me condition OF the treasury
shows: Available cash balance. $780,
80, 400; gold reserve. slis.1iS.sS4.
REVIEW OF THE WEEK.
New York. May 7.-Bradstreet's fnan-
cal REVIEW tomorrow Will say:
While curren, stock speculation retains
as It's chief characterize &C the absence OF
public participation. the predoninance Of
professional manipulation, and narrow
ness that frequently deserves the name
OF stagnaton, i; has no. been without
considerable interest Throughout, the
week. The principal interest was the
announcement on Tuesday that the mod
ification OF the Dngley tariff. a. report
ed by the senate finance committee. In
cluded IN its provisions a concession 10
the sugar refining industry. II gave the
signal for heavy covering. not only in
American sugar. but IN other parts Of
the lis Wednesdays report from Wash
ington indicated that the modified sugar
schedule would encounter strong oppo-
siticn. and probably defeat. in the house
OF representatives On this there was a
reaction, winch was increased by the
fact that the small bear traders had
been driven TO cover and that other buy
ing power was totally lacking. Fears OF
the rejection OF the arbitration treaty
by the senate. tas proved 10 be the case)
had a bad effect on Americans n Lon
don, creating some further disposition
to sell on Wednesday afternoon. though
the incident seemed 70 be Amos: entirely
dlsregarded there. In fact. London.
throughout tho week. has done so little
in our stocks and taken such email
part in the trading here. that Il could
not be considered speculative factor.
and in the present state OF the war a.
the east and strong possibility of inter-
vention and peace. II. too. ceased 20 be
an influence. Nor has the street given
much attention either 10 the engagement
Of 81 500. 600 more gold for export early
In the week. followed by the withdrawal
OF 81 .0o0. 900 more on Friday. making a
total Of nearly 5000. 600 within a fort
night. or 20 the subsequent decline in
rates. and the accompanying rumors that
the bankers combination was again in
working order and would make gold ex-
ports expensive. IL not impossible. At
;ent!on throughout was largely directed
10 the current TENDENCIES in few stocks.
OF these the most important was Chica-
go Gas, which advanced from so4 TO 81
per cent on the favorable report OF the
consolidation bill 20 the Illinois legisla-
;ure by the corporation committee. the
assertion that the chief corporate oppo-
men: had dropped the contest and the as
sertion that the passage Of the bin was
certain. Missouri Pacifici. on the other
hand. developed increased weakness, de-
c,inInz on Thursday 10 10 per cent, the
lowest price on record. afterwards rally
ing TO IL 1-2 per cent This drop natu
rally resulted in renewed rumors OF
receivership. which denials by the man.
agement could not check. though II was
evident that the ceiling. which included
some liquidation. was largely short cell
ng. The other Gould stocks. Manhat-
tan and Western Union. suffered from
sympathy, the latter being further unfa-
vorably affected by reported interviews
with Mr. Russell Sage concerning the
possibility Of reduction OF the dividend