The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-04-13

ing Its Terrors-Downward Trend In
caso Gas-DecIines General in the Rail-
way List-ClosinS Weak at General De-
c:ines aud Mostly at Lowest Points.
New York, April 12-with the exception
Of rally iii prices shortly after the de-
/ cline at the opeing. the course of prices
was very generally downward today. The
course OF affairs in southeast Europe was a
potent factor in discourag;ng trading and
some private cable advices received IN tie
street painted more alarming condition
CT affairs than was reflected from the for
eisn exchange. The trend of the markes
downward brought realizing sales in some
Of the stocks that have enjoyed the great.
est gains OF late. This was notably true
of Chicago Gas. which rose :. per cent az
ter the opening, and which subsequently,
declined rs per cent on proht-taking. the
sales reaching an aggregate of 5000 shares
and leading the market. The stock recov,
cred 1a per cent OF the loss. The local ga,
stocks were sold down with the same pur-
pose, Con Solidated Gas losing IL per cent,
and Brooklyn Union IL per cent. American
Spirits, common and preferred. also de-
ciined on realiz.ngs, the former Us per cent
and the latter z per cent Sugar secured
an advance of q per cent in the early rally
but reduction of y per cent in the price
OF refined sugar aroused fears for the eX-
pected profits 20 the company from i'm
ports OF raw sugar IN anticipation of the
tariff, and the stock sold off rs per cent.
The closing, however. was practically IN
changed. Quite a notable center of de-
preston in the market was Tennessee Coal
and Iron. which lost Il. per cent on the re-
port of a thrcaened strike on account OF a
cut in wages growing out of the continued
low prices OF the product. Holders OF
Western Union stock seemed TO have an
early intimat!on OF the coming decision OF
the supreme court, which was not an
nounced until later in the day. and which
was unfavorabie to a contention against
the Bell Telephone company had for sew
eral years by the Western Union. Fears
were expressed by the sellers that the re-
suit would De increased competition against
the Western Union by the telephone COM
pany, and this had the effect Of driving
down the stock IL per cent after an early
gain OF Il per cent. This seemed to open
up a decline in the Gould's extending to a
point in Manhattan and a fraction in the
southwestern railroads of this ownership.
which also had TO contend with some I'M
favorable reports OF earning for the first
week IN April. Reports of increased earn
ings for Kansas and Texas. and Texas Pa
cihc were not received until near the close,
and so were without effect on the trading
The coalers were subjected to heavy pres
New Jersey Central The bears srgu-
ment was that heavy damages had been
done to the companies colgeries by foods.
A fall Of IL per cent was brought out IN
New Jersey Central. Lackawanns, Read
ing common. first and second preferred and
of % per cent IN Delaware and Hudson.
The sales of Reading were notably large.
Declines were quite general in the railway
Est, the grangers, southwesterns, Wander
bits and internationals all showing synp-
toms of depression but the losses not ex-
ceeding a fraction in any case. Louisville
and Nashville held notably firm on the
strength of an increase of earnings in the
first week In April of over $1,000. AL
though the total volume of dealings was
somewhat small, survey of the list shows
them wei distributed in small lots The
closing was weak, at the lowest point in
most cases, ard at general net declines.
The total sales of stocks today were 49,
5T shares, including: American Sugar. a.
800: Burlington. $500: Chicago Gas trust re-
ceipts, $500; General Electric, $500: New
York Central, 9. 200; Reading 1890: St.
Paul, 100; Tennessee Coal and Iron, 1900:
Western Union. 500: New Jersey Central.
$500.
The bond market has eased off in sym
patty with the downward trend of share
values but the losses were trivial. aside
from Colorado Midland firsts. which re-
acted per cent. as compared with the pre-
viors sale. The dealings developed little
feature and were largely confined to the
prominent issues. The sales were sasS. 900.
Government bonds displayed hardening
tendency on the first call. but later sagged
slightly. The sales were $1,000.
FOREIGN STOCK MARKETS.
New York. April 12.-The Evening Posts
London financial cablegram says:
The stock markets were dull and de-
pressed today after a steady opening KAT
frs were fiat on the political rumors. The
stock exchange now views the eastern ques-
ton more seriously than hitherto, and
motion for holiday on Saturday next was
dismissed today 10 ge finally considered on
Wednesday. when. II politics are unchang-
Cd, the house exchange will decide 10 re-
main open. This has not occurred on an
Easter Saturday for many years. Foreign
stocks closed better on an Improvement IN
the continental bourses Gold is in strong
demand for Japan and the continent. over
$500 being withdrawn today from the
bank. II IS reported that soyereigns srriv-
ing from Australia are being melted for
tect its store OF bar gold the Bark Of Eng
land may lower the price Of eagles. Lon
don discount houses have further reduced
their deposit rates by Il per cent. The
present tendency Is towards easy rates for
short money. but quotations FOR Iong-dzted.
loans are hardening. The Paris and Ber-
In markets were fat but closed better
LOANS AND EXCHANGE
New York. April money on call easy
q; l1zTI4 per cent; last loan IL per cent:
closed Offered "a II per cent; prime mer-
camille paper 3isn4 per cent: sterling ex-
change firm, with actual business IN bank
ers bills a. 81 s7i.aLs7iz for demand. and
81 ssa4si. for sixty days; posted rates "a s
iz6As7 and HSsaf ss7z: commercial bills
- IS: silver certificates s-Gsz.: bar silver
E
railroad bonds easy.
BANK CLEARISGS
Philadelphia aP.. April I2-CIeartnEs 81
-. 20: balances Sl.nI9if7
Bsltimore. Nd. April i3-Cisart,zs 3. g.
SIS. balances SseaSs
S. Louis. No. April E-ClesrinEE ss.77-.-
So; balances ts72.s.5; money 5a5 per cent:
New York exchange. - cents bid. % cents
asked
TREASURY STATEMENT.