The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-04-07


steadiness-Bonds Firm.
New York, April 6.-Interest in the sell
ing of stocks was very .anguid today on
the stock exchaonge, and the markets
were apparently afflicted with an attack
of spring fever. In many of the stocks
which are usually dealt in here not a
single sale was reported 10 their credit.
Fluctuations IN the main were very mar
row, not offering sufficient margin to
invite operations even by the professional
traders. The dullness seemed 10 be re-
fiected in part from other centers. London
showing nothing doing in Americans, the
stagnation being so marked that London
agents Of some of the houses in the street
ceased cabling. Chicago also was taken
up with her municipal elections, and Bos-
ton and Philadelphia were a.so very
quiet. Such dealings as occurred were
subject 10 entirely fictitious influences and
were concentrated in few stocks. The
absence of the heavy liquidation that has
characterized SONS recent markets, was,
however, marked and the railway list
held remarkably firm. AS an example
Of the motives that affected the dealings
il may be said that the comparatively
large transactions in New Jersey Central
were largely due 10 rather abstruse cal
citations as TO the proper level of the
price for the rev per cent dividend basis
compared with other per cent stocks.
There was no news Of Importance regarde
ing the finances of the compGzS c. OF the
coal traffic in general. The stock moved
irregularly all day over a range of ia
per cert and showing net loss Of frac-
ton on the day. The other coalers were
affected in sympathy. Lackawanna lost
rs per cent on the day. Delaware and
Hudson, on .he other hand, gained
net fraction. The trading in Sugar was
ors Of what inside Interests were doins
apparently affected by conflicting rum
with their holdings. Leather preferrei
was quite a feature in the dealings and
showed decline Of rs per cent, recover
ing about half the loss. The closing down
of the company's tarneries, the prevailing
low prices of the product and fears Of
bad effect on the earnings from the posi-
BILE duty on hides, caused the decline.
Chicago Gas was quite active and rose
on covering Of shorts, who had sold or
the belief that the company was likely TO
be unfavorably affected by the Chicago
election. There was more or less weak
ness manifest IT all Of the specialties. The
railway list, on the other hand. showed
remarkable firmness, especially the
grangers. The fluctuations in this group
were confined to very narrow fraction.
st. Paul held steady at 72H per cert
through a succession Of sales, mostly of
100 share lots, but with one lot of 1000
shares, the aggregate reaching 2,400
shares before the stock receded Il per
cent. Burlington was almost equally
steady on larger transactions. This firm
ness Of railways must be largely attrib-
uted to confidence II, the stability Of the
passenger and freight rates az present in
force. The bears were not able to make as
much fof the postponement OF the hearing
Of the Joint Traffic associations appea, TO
the supreme court as they were yester-
day. The Increase in earnings shown by
some roads for thetfourth week in March
in spite Of the bad conditions, was also a
factor. The Vanderbilt
and Gould stocks were comparatively ne
elected The railways generally, how
ever, showedl fractianal ret gains. The
general market also stiffened somewhat
In the final dealings and closed steady.
The total sales OF stocks, today were
l24,O12 shares. including Burlington, TO-
500; American Sugar, 25,S00; Chicago Gas
Trust receipts 1850; Delaware ard Hud- |
son, 5000; Omaha. 5000; Reading. 500; |
St. Paul, $500; Western Union, 5000.
Railway and miscellaneous mortgages |
held firm on moderate dealings. The high |
grade liens figured prominently II the |
operations, but the variations were not |
important. The general undertone was |
firm, but some few noteworthy declines |
were registered in the inactive issues. The |
sales were s1,O76.00O.
Governments were moderately active |
but unchanged in values iThe sales were !
s15,500.
New York, April 6.-The Evening Posts /
inancia,t cablegram says:
THE stock markets opened good today !
but closed dull OF the weakness in KAT /
frs due 10 Paris selling and to the nature |
If the proceedings before the South Afri-
IAN committee today. Consols closed Il
below the best rates. The mining settle
nent was light and nominal, ard tomor-
-ow's carry-over should be favored by /
Easy money. Americans were dropping /
because OF the lack OF support. The Paris
md Berlin markets were firm
New York. Aprils6 SOS. $780,
'27; balances, s5,275, 915.
Boston. Apri, 6.-Clear;rgs, $50, 21S,1Ss;
s1.74S,216.
Philadelphia, April s.-Clearings. slo,-
80. e97; balances 81, 5s9,9S6.
Baltimore, April ...-Clearings, s2,s45,-
06: balances. s33S, coo.