The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-05-26
STOCKS AND BONDS
MORE ANIMATION THAN FOB
WEEKS IN THE STOCK MARKET.
Evidence Of an Awakening OF Outside In
terest-Dealings Better Distributed
Most Stocks Carried Above Mondays
Closing, But Profit Taking Causes
Slide at the Close-New jersey Central
Turns at Last-Sugar Strong on Tariff
BIZ DeveIopments-Gzs Ellis Exchange
Weaker-Bondo Active.


Weaker-Bonds Active.
New York, May 25.-There was more anil
nation shown in the dealings on the stock
exchange today than for manw eeks past
and some buyin by commission house
agents gave evidence CT a slight awakening
Of outside interest In the market. Sales
10000 shares, and were much better dis
iributsd throughout the Est than has been
the case in the recent trading. There was
a display of considerable strength which
above last nights closing. but sales for
proft-taking were quite heavy and carried
prices down at the close. The market IS
still in the control of the professional trad
ers, and their tactics offset the element Of
strength. New Jersey Central gave EVIL
dence Of having reached a point Of resist
ance to further depreciation, and the shorts
We're driven to rather strenuous exertions In
order to cover The loan rate of the stock
was bid up by manipulation in order to
enbarrass the shorts. The removal of the
severe pressure on the stock for the time
being was quite a relief to the market,
though there was a late reaction In the
price. Sugar was strong on the belief that
the explanation offered OF the sugar SEIZED
ule Of the tariff bin IN the senate would
help its chance Of passage. The dealings
IN the stock were larger than for some time
and were second only TO those in Chicago
Gas. The dealrrs in the latter stock were
inclined to take an exceedingly conserva-
tive viey Of The benefits assured by the ac
ton of the Illinois senate in passing the
gas frontage and consolidation bills on re-
consideration. The stock did advance very
sharply on the news OF the passage but
was carried down by heavy realizing sales.
The tone of speculation generally showed
considerable access OF confidence, various
causes contributing TO this feeling. Yes
terday's decision Of the supreme court de-
nying the right Of the interstate commerce
commission to fix railroad rates still exer-
cised favorable influence on railroad
values, not on account of the immediate
effects OF the decision, but owing to the be-
lief that it insures advocacy by the COM
mission of a law TO authorize railroad pool
ing. The We akening of the exchange mar
ket during the day was also regarded as an
encouraging factor in the general outlook,
and account was also taken of the weeks
statement of the merchandise exports from
New York, showing total of SO l2I. 166, an
increase of sl50,4 over last week, and OF
s2,C31,7Ss over last year. Iris large ex-
pansion of exports is looked to help the
offset the heavy imports in anticipation o:
the new tariff aand and to help adjust the
exchange balance. Statements of railway
earnings were also good. especially that OF
Southern Railway, showing an increase OF
ret earnings for April OF s70,sl6 and OF
gross earnings of sSS.el4 The effect was TO
raise the price Of the stock. The third
weeks statements of gross earnings of ST.
Paul and Missopri Pacific caused a cheer
full feeling among owners of railroad stocks.
tie former showing an increase of S3i,346.
and the latter OF $4,000 New Jersey Cen
trails range was 31a per cent, the net gain
being a point. Western Union f1uctuated
but closed with a net gain OF a
fraction. Losses of fraction were general,
the exceptions being gains of " per cent
in LaClede Gas preferred, IL per cent in
Lead preferred, and OF point in Lake
Shore, Consolidated Gas, st. Louis and San
Francisco first preferred, and Susquehanna
and Western preferred. New York and
New Harlem jumped five points. to 325 per
cent in the bid price without elicit:ng any
offerings.
The total sales Of stocks today were 902,-
ESQ shares, including: American Sugar, 3d.
100; Burlington. 1890; Chicago Gas trust
receipts, $500; Manhattan consolidate, g.
GOO; Reading, 800; Rock Island. 500; st.
Paul, Is, 200: Western Union, 11,30; Southern
Railway preferred, 400.
The bond market displayed some activity
in the late trading and sympathized in the
decided rally which occurred in the stock
speculation. Business was largely restrict
ed to the prominent issues, in which tho
changes were not essential. The aggregate
safes We're $780, 900.
Governments gained slightly on pur-
chases Of 5000.
FOREIGN STOCK MARKETS.
New York, May 25.-The Evening Posts
London financial cablegram says:
The stock markets were irregular today
and inclined 10 be dull in expectation OF
before the eastern matter IS
settled. The chief feature OF the dullness
was English rails. the settlement disclos-
ing, as expected, large bull account, AMI
high contagoes. ranging up 10 10 per cent
There was a further reaction IN KafTirs
Contagoes on Americans were at 2is per
cent. Todays w:thdrawal of gold from the
Bank of England was mainly for Russia
and more is 10 20. The operation is diff
cult to understand. as the best informed
people DO not wholly connect It with cur
-ency plans. The aPris bourse was steady
after dullness and the Berlin market was
steady"
London, Ems, May e5.-Consois for money
ISIS.
LOANS, EXCHANGE AND BONDS.
New York. May 25.-Money on call NOM
nallyiHalia per cent; prime mercantile
paper. 3l.d4 per cent; sterling exchange
steady with actual business IN bankers bills
II S.SI4s7i. for demand and $ssG4-S5I
for sixty days; posted rates Si-S7 and s4-sSss
ISia: commercial bills 81 sat SO: silver
certificates 6o;sQS0As; bar silver 5s5s; Mex
an dollars i71s- Government bodns strong;
ew fours registered l222.; coupon I22s.; 5
registered 1855; coupon 1885,; As registereli
l0a.: coupon ll9i.: IS registered IS. Pa
,ific As OF IS Ie4i..
BANK CLEARINGS
Philadelphia, Pa, May 25-Clea-ings So
IS IS: balances S.iSs.75s.
BALTIMORE. Nd. May Z.-Ciear.ngs s. l5s.-
So: balances ss7i.5si
81. Louis. No. Nay 2.-clearinEs S,e7..-
IS; balances Ssi2. $Ss: money 4G7 PEI cent:
Sew York exchange 60 cents bid; 50 cents
sked-
TREASURY STATEMENT.
Washington, d. C.. May S.-Today's
tatemen, of the condition OF the treasury
shows: Available cash balance 81 *. So;
Tod reserve slA 50. So
SILVER SHIPMENTS
New York. May S.-The steamship 81
Paul viii take out tomorrow eo0o1 oouaces
Y silver.
DIVIDEND On LEATHER
New York. May @5--The United State, |
Gather company has declared a dividend