The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-05-23

4
Revisv-Ths Bank Statement
New York. May 2.-rhe conditions II
the days stock market were not essential
iy different from those prevailing for sew
eral days past. There was a marked IN.
dercurent of strength through the whole
list. and the tendency of prices was unIn.
terruptedly upward. with the exception of
the coalers, but this failed 20 incite any
outside participation in the market, and the
dealings were small and most OF them in a
| few active stocks. Sugar continued TO be
neglected, the dealings in the stock being
quite ostentatiously curtailed. The traders
| seem to have made up their minds not 10
see any cause for alarm in the Cuban ques-
| ton, and disregard the news on the SUBJ
| ject n manner that offers strong con.
| trast TO their views on former occasions.
They attach large degree of Importance
| TO rumor circulated In very explitic form
In the so-calied Nebraska maximum freight
rate and the interstats commerce cases
and that the decision in the former case
would be in favor of the railroads. This
case is OF importance TO the grangers and
the belief that the decision will be In Their
FAVOR materially strengthened the group
and made II the leader of the advance The
ouoyancy OF the general speculation on
| confidence 10 the local market. The an
nouncement Of an additional shipment OF
gold for next Tuesday of 10000 was with.
out marked effect on the market. and the
statement OF decrease OF SIS, 0S5 in the
gross earning OF Northwest for April did
not affect the strength in the granger
group. New Jersey Central displayed an
upward tendency at the opening of the
market on continuance of yesterday's
covering movement which seemed TO have
(0mniafp6 he fret r,yha
heavy selling ensued, carrying the stock
down TO s per cent avobe Thursdays low
point, and closing only y per cent higher.
The other coalers were affected in less de-
gree, and the reaction permeated the gen.
eral list for brief period. a recovery soon
setting IN. Chicago Gas continued to re-
ceive inside support and tended upward
The Gould shares reacted somewhat from
the strength of yesterday Many stocks
failed OF complete recovery to the high
point, and last prices were generally a
small fraction below that. but with net
gains on the day. The extreme decline IN
New Jersey Central was 2Is per cent. and In
Delaware and Hudson q per cent, Leather
preferred rose rs per cent. with a slight re-
action. Baltimore and Ohio, and Hooking
valley gained large fractions.
The total sales of stocks today were 81
aH shares. including: Burlir gton and Qu!n-
Western Union. 3,0oo; New Jersey Central.
3, 100.
BONDS.
The bond market during the week ruled
dull. and mainly uninteresting.
Government bonds displayed some little
irregulacty but the variations were ex-
trenely narrow and trading very Eight.
FOREIGN STOCK MARKETS.
New York, May 1.-THE Evening Posts
London financial cablegram says:
THE stock markets here were quiet but
firm today; The mining settlement WIN
on the leadin shares are already ar
ranged
TREASURY STATEMENT.
Washington, D. c., May 2.-Today's
statement Of the condition of the treasury
shows: Available cash balance $229 si2, ass;
gold reserve sl45. ,131.
THE BANK STATEMENT.
New York. May 22.-The exports Of specie
from the port OF New York for the week
amounted to S.2Ce.s0 IN gold and ssl3.4S3
in, silver The imports were: Gold, E7.-
9S3; silver, $3.50; dry goods. s. s13 24S; gen.
eral merchandise. ts.0e773o.
THE GOLD MOVEMENT.
The market has also been aided by the |
restricted volume of the gold exports and I
the prospect that demands for the immedi- |
ate future would continue TO be very light, |
owing to the diminution of the import move |
ment. These continues to be a very keen /
demand in London for gold. the source Of /
which made rather a mystery. but It is |
reported 10 be Russia The effect Is to \
put premium on gold in Europe This |
widens the margin OF profit in shipping
gold. and accounts for the low price OF ex-
change at which the shipments are made. |
The need Of exchange is al present light |
and is likely TO continue so. but such as 10 /
is = will probably continue to be met with /
gold shipments in the immediate future.
LOANS. EXCHANGE AND BONDS.
New York. May Z-Money on call asy
az 1HGra per cent. Prime mercantile |
paper SzG4 per cent. Sterling exchange |
steady, with actual business in bankers b.lls /
at AS7Aa4-Si1 for demand and al &.ssd |
1854 for sixty days. Posted rates SiG and |
SIS Commercial bills SASH. Bar silver
5oi& Mexican dollars AZ. State bonds dull:
railroad bonds firm. Government bond.
firm; new fours registered 123s4: coupon
l22i2; fives registered Ii3: coupon ii3: fours
registered 10: coupon 112; twos registered
IS; Pacific skies of '9s. i4. Silver certih-
Gates closed sOAGSss.
BANK CLEARINGS
New York. May 2-Clearings $s4s55 o0o;
balances s7.0o5. Ie7.
Boston. Mass. May 2.-Clearings r4sSs,-
10: balances x.7A, 75e
Philadelphia, Pa, May 22-Clearings So
m sos; balances a. 4T. AS. For the week |
:leerings, Ses7e SOS: balances, $3.50, tss
Baltimore, Md, May 2.-Clearings S2fs3-
"a: balances S15.l1O. For the week clear |
ngs, So. ST.. Do: balances E7ss,O71
ST. Louis. No. May 22-Clearings S504s-
~; balances &A2.075. Money 4G7 per cent |
New York exchange % cents bid; % cents
asked.
GRAIN AND PRODUCE MARKETS.