The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-05-01


Influenced by Special Causes. Bot Those
Figures are shown n . Fair Measurs
OF the Eject Of the Movenent In the
Market 1t Largs-AdditIonal shipmeots
for Today acd Tuesday-No Alarm Felt
ut Washington.
New York, April 30.-The prices Of the
active railway stocks scored an average
net loss Of abou, 3-4 per cent today.
whicn is probably a fair measure Of the
influence upon the stock market OF the
heavy shipments Of gold 10 Europe by
tomorrow's steamer. Some OF the losses
were heavier and some were less, but 1t
was because they were influenced BY
special causes. Bear sentiment pervaded
the market quite generally but the deal
ings were most strictly confined TO pro-
fess.onal trading. Transactions were
small and unevenly distributed. Only
Sugar was dealt in to an amount OF TO-
010 shares and the total sales were less
than 100. 900 shares. The fluctuations
we're narrow and outside interest in the
market was absolutely dead. The con-
tention Of the market for American Sc
c;rities N London was equally dull.
partly because tomorrow is holiday
there.
The volume already reached by the
gold shipments is unquestionably sur
Prise and disappointment to holders or
securities The Withdrawals or gold
from London for Austria and Japan for
some time past had prepared observers
for reflected demand here. but 1t was
expected TO result IN transactions in the
nature Of purchases of gold with a quid
pro quo to cover a premium. The prices
at which sterling demand bills are sell
ing indicates that some such transac-
tons are being made but the large vol
ume of the shipments shows also that
there must be legitimate demand FOR
.emittances TO meet adverse exchange
growing out OF trade conditions. To-
morrow's shipments will be $4,Ooo.ooo.
making the total for the week sS.4I.ooo.
Further Shipments Of from $4,000 to
81 900. 900 are already announced for next
Tuesday.
That this has created feeling OF IN
easincss among capitalists Is obvious
from the barometer Of the stock ex-
change today. The heaviest declines
we're in the coalers and some OF the in
dustrials. New jersey Central lost "a
psr cent, Lackawan SIS per cent.
IND Reading common and second pre-
ferred a point each. Leather preferred
and Rubber also lost IA per cent, ana
Tobacco. Rubber preferred and Western
Union declined a point each. In the rail-
wav lis. Northern Pacific ehowed the
heaviest decline. 1-2 per cent, and 'ne
preferred came next with 3-s per cent.
Hooking Valley fell ! IA per cent, 10
1l1-2 per cent, the lowest on record Tor
the stock. Burlington. Louisville and
Nashville, Lake Shore. Omaha, and
Lake Erie and Western each fell point.
There was a fractional rally at the close
which made net declines somewhat less
than these figures. Pacific Mail was an
exception in the market. and displayed
sutficien, strength in the closing dealings
10 establish a ne: gain Of point. STAN
dard Oil sold today at 800 per cent.
The total sales Of stocks today were
90. 400 shares. including: American SUI
gar 1880; Burlington $500; Chicago Gas
700: Louisville and Nashville 1000;
Northern Pacific $500: Reading 200; ST.
Paul $500: Western Union $500: New
Jersey Central 5000.
The bond marke: ruled depressed in
sympathy with the heaviness OF the
share speculation. The losses. however,
were not material. except In remote
cases Some few issues were consp!cu-
Gus for strength. notably Norfolk and
Western. New River firsts. which adj
vanced 4 per cent. The sales were
ssS2, 900.
Government. bonds were active and
generally frm, with sales Of $4,000.
THE STANDARD OIL SALE.
New York, April 3o.-A sale of STAN
dard Oil stocks was made on the curb
today at 500 per cent. which price is the
.liynest ever paid for the shares OF the
company and represents a rise OF some
thing like forty points within the las.
few months. Standard Oil. which gener-
ally rules AT higher figure than any
OIL the ONAsf >dk -. y stIA, Aat iNstaAA 1AN >
dends IL per cent annually. but within
the last fifteen months upwards Of ~
per cent has been paid. through the
medium ~ extra dividends, and this
fact. together with rumors 10 the effect
that the forthcoming meeting Of the d.
rectors an extra dividend OF at least ~
Der cent will be declared. in addition 70
the ueual 3 per cent for the quarter. &C.
count for the sharp rise in this stock
FOREIGN STOCK MARKETS.
london. April 30.-Anerican securities
opened firm and continued 50 all day on
European political sdvices- The closing
tone was steady and the demand mod
crate.
New York. April 3a.-The Evening
Posts London financial cablegrssn says:
Tine stock markets were quiet today,
with a holiday appearance. but there
was a good tone W 70 the close. foreign
stocks being especially strong. Ameri-
cans were quietly steady. The Par.
bourse was strong. A feature there Is
the rise in Spanish stocks on <aoy; COW
erinz, this beng option day on me Paris
oourse. TIE Berlin market was steady.
II Is reported that part Of tie Chinese
indemnity 70 Japan viii be pad over IN
Berlin. b1. tbs IL probably ineorrecs-
WEEKS REVIEW.
NsT York. April 2a-B-sdstrse:'s fnan-
ciaI review tomorrow vii say:
While the eastern Ear sitGatio- has
passed into stage which NJ longer sems
dangerous TO the stock and money mar
ksts, /; ass been By 10 speculative r.
view az London or on Tae continent
Pr.css nave recovered. American ssock.
with the resi-. b1- thsre has besE nc
marked improvement or disposition 70
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