The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-04-23
STOCKS AND BONDS
STOCK EXCHANGE CUTS LOOSE
FROM LONDON LEaDINGs.
Is Almost as Defiant In It's Self Isolation as
the Earlier Days of the week-New
York Refuses to Conform to London
Quotations, Which Closes 1T q Higher
Range Than on This Side-ConflictIps
War News-Close Weak at Declines
Bonds Quiet.

Bonds Quiet.
New York, April 22-Only two stocks
wers dealt in today 10 the exten. of TO-
600 shares. namely. New Jersey Central
and Western Union. The stock exchange
seemed 20 have lost docila faith in Lon
don's superior knowledge OF the value Of
American securities, which Z was so
ready to acknowledge yesterday after its
costly experience in giving way too far
10 tiulidity OF Monday. The New York
price refused 20 conform TO the London
quotations. which had risen after the
London opening 10 above the New York
closing. The New York price. on The
contrary, obstinately PERSISTED al low
er level Than the party with London.
London prices. as i cor ssqUence, fell on
in the final dealings. seeing the persist
ent pessim.sm OF ihe New York market
This Dessimistic moot Of M local deal
ers discouraged Lo110a from buying in
this market. even az a higher range pre-
vailing in their own mar;ler. Aroitrage
opersCOns we're Insignificant. The close
In London showed the prices az Ameri-
cans still above the New York jarity. in
sDite OF declines IL Sympathy With New
York The stock market as obstinately
refused TO respond 10 the weakness in
wheat with rise. m rhe II cory recent
" prevailing that Trrop>1n war, while
il would increase the value OF wheat,
would depreciate .>rheiical railroad
,alues. 7 ices sagZ.i a. Gsy. and bust
ness was almost staghan:. minutes pass
ing without a single T;ictation teing re-
corded. The market was !aft entirely 10
the traders, and these were influenced
to some degree by the fact that large
operator, recently a bear. but who turn
ed buyer yesterday, joined the short side
again today. The reports and opinions
regarding the war were very conflict
ing today. There is a general disposi-
ton 20 buy, on belief in the success or
the Turks, on the ground that Turkish
victory would lead 10 the intervention or
the powers, and the speedy ending OF the
war. The absence OF information from
the Turkish forces, and the confident
claims put forth by the Greeks. togeth-
er with the news that a Russian fleet
has sought TO pass through the Oar
daneiles, and that Turkey fears ag-
erosion from Bulgaria. confused the
calculations Of stock dealers. and gave
a pause 10 the trading. The money mar
ket continues in a lethargic condition,
and money brokers find new business
practically non-existent, thus rejecting
the general business. The same state OF
things is reported from other centers and
confirms the dealers in other shares in
their inactivity. The feature Of any
movement in the day was the movement
in coa,ers, which had an appearance OF
aggressive strength. The loan rate for
the stocks indicated a demand from fhe
Shirt interest, who were the victims OF
,.cme professional maneuvoring. The
movements were errat!c. New Jersey
Central ranging over 2 IS per cent, and
closed with a net gain OF 3-S per cent;
delaware and Huds 81 and Lackawanna
moved in sympathy, tie former closing
unchanged and the latter with net
loss Western Union was weak on pub
lished reports of an improved method Of
ISlesEdpIy anu pll ~ Va tFNANdS-h
earnings. and SUFFERED net loss of / 1-2
per cent Union Pacific was in good de-
n,and, and gained "a per cent on the
day, closing at "a per cent. American
Spirits shares developed weakness In he
closing dealings. the common stock
losing 3-s per cent and the preferred .
per cent Movements otherwise were
narrow and without interest. The clos
ing was weak, with a general decline OF
fraction.
The total sales OF stocks today were
11s,5zS shares. including:
American Tobacco 800; American
Sugar 1O,4oo; Burlington 1900: Chicago
Gas $500: Delaware and Hudson $500;
Louisville and Nashville $500: Reading
1900; ST. Paul 1900; Western Union 15.-
200: New Jersey Central Is. 500.
The railway bond market ruled quiet,
bu: with a firm under-tone. Fluctua-
.ions n the principal issues were I'M
usually narrow, and there was a marked
contraction in the volume OF trading in
the high grade liens. Some sharp vsria-
tons we're registered either way IN the
usually neglected Lens. The extreme
changes were 9. S. and c. o. frsts,
which rose S per cent, and Toledo,
Peoria, and Western firsts. which teii 3
per cent. The sales were ss25. 900.
Governments were slightly easier on
quoted prices. there being no transac-
tons at the board.
FOREIGN STOCK MARKETS.
London. April 22.-The London stock
market opened easy put later improved.
only 10 give way again. Bulls were
eager buyers bu: realized later in the
session. Consols for money II rs: FOR
the account liz.
New York. Ap-1 22-The Evening
Posts financial ca5lssram says:
Posts London financial cablgram says:
1T is difficult 20 realize from tae feel
ing in the stock markets here that war
Is proceeding in Europe; on he contrary.
the optimistic tone grows n strength
For he extensive buying % Kffirs many
ascribed reasons might be given. SUI
f-s = % say that the big houses appear
u think ina: me fail has gone far
enough. and are trying 20 brace the mar
kst to- q smart revival A. present The
dealings are entirely professional. The
other markets we're good. but Greek Sc
ctr-ities we're "a; n contrast I; = IL
crzas.ag in Americans. Gold brokers
are freely bought by Insurance COM
oar!es. AL the foreign boGrses were
firm
View YORK. April 2z-Nonsy on cal
7ousiazIlv 1-11 IL Pc cent: PRIME
mercantile paper , i-2d4 Pc Gel. S;e-I-
faz exchange nominaIiy steady with
actual business II bankers bills 4; 81 -
Ass - for demand and q; - IS I-29
1854 tor sixty days. Posted ratss