The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-04-08

Case Cuts Some FIgure-Sugar is the
Feature OF the Day, Such as it is, in View
of the Profits in Beating the New Tariff
Law-Governments Rise Half Point
London Better.
New York, April 7.-There were times
today when the trading on the Stock Ex
change was absolutely stagnant. The trans
actions were almost wholly lacking in in
terest, the volume being small and the
fluctuations narrow. The total sales for
the day numbered only a few thousand
shares over 100000, and nearly half of these
were for Sugar. The grangers aggregated
only about 5000 shares, and the coalers
only about many more, of which 1000
were in New Jersey Central. Speculation
in railroad shares has practically come TO
a standstill Prices held fairly firm, how
ever, in spite of the dullness. The applica-
| ton for a re-hearing Of the Trans-Alissouri
case had a Strengthening effect, though it
was not taken into very serious account.
The industrials were predominant in the
! dealings. Sugar practically monopolized
I the attention on the floor of the Exchange
I IN the long intervals and was actively ma
nipulated all day. It jumped rs per cent,
to lips per cent, on traders estimates OF
| the profits likely to accrue to the company
on inportations of raw sugar before the
new law goes into effect The stock sub
sequently lost a small fraction. Local Gas
securities were all favorably affected by the
passage through the senate at Albany of
the committees bill for the progressive re-
duct;on of the price of gas, (which was I'M
derstood to have the gas company's ap-
prevail. Under the impetus of this news
Brooklyn Union advanced 2ls per cent to
102 per cent, with a subsequent recession
to l01 per cent. Consolidated Gas jumped
81 per cent, to 1854 per cent. and retained
all but a fraction OF the gain. Tennessee
Coal and Iron sold off on the expressed ap- |
prehension over the low price of the pro- !
duct, though manipulation in the stock was |
evident, said TO be designed TO cause trou- |
BILE to the bucket shops. A sharp rally &C. |
CURED later in the stock. Leather prefer /
red also continued depressed on the trade /
outlook, and the stock lost a point, but /
recoveded most of the loss. Some of the !
low-priced shares developed weakness dur |
ing the day. notably Baltimore and Ohio, |
which lost a point on reports that another |
issue of receivers certificates would be
subjected to manipulation. New Jersey Cen
trail f1uctuating more than a point, but
closing with a net improvement of IS per
cent Delaware and Hudson also showed
gain of 3: per cent. Northern Pacific
preferred was also quite noticeably strong
on the report that the Daniel Lamont was
to become president, in furtherance of the
harmonious relation of the road with the
Great Northern. The Standard Oil stocks
sold today at 293. against pa on Monday.
The rise is attributed to current rumors
of the formation of a new company and
the incidental distribution Of existing sur
pluses.
The total sales Of stocks today were no.
400 shares, including: American Sugar S.
500; Burlington, 1890; Chicago Gas trust re-
ceipts. $500: Delaware and Hudson, 3, 800;
Reading, 21.1O0; ST. Paul. 400; Tennessee
Coal and Iron, AGO; New Jersey Central,
100, 400
Hallway bonds participated in the semi
stagnation that was evident in other de-
partments, the aggregate sales being only
s7S7 COO.
The new government tours rose y per
cent, to 12i9s per cent, on light sales, with
out eliciting any large offers.
FOREIGN STOCK MARKETS.
New York, April 1.-THE Evening Posts
London financial cablesram says:
The stock markets were better today
cheap money being the factor. The only
feature was the firmness in home rails and
IN Argentine stocks. Consols were 112 5-16
Money was easy at the settlement and the ! I
carry-over was easily affected. Contagoes
On Americans were 21sd3 per cent. Ameri-
cans were of good tone, but quiet. kaffirs .
we're fiat, closing at the lowest. The i'm ,
mediate cause was rumors of fresh capital
requirements by a leading company, but
he entire market was very sick. Gold
vas in strong demand at 77s1112d with prac-
scally no supplies. The question of the
bank rate tomorrow is most uncertain on {
account of foreign exchanges. Most quar- 5
ers look for reduction to 2i2 per cent.
EASIER on Kaffirs. The Berlin market was :
steady" :
LOANS AND EXCHANGE. :
New York, April money on call easy
It 1iaQ1s. per cent; last loan IA per cent: .
.losed offered at l1kd124 per cent; prime
mercantile paper 3lsd4 per cent; sterling ex
hange steady with actual business in bank
RS bills at si.S7 for demand. and Si.s52s for /
ixty days; posted rates 81 iz94SSG4SS12; a
commercial bills Si.Si24: silver certificates G
l7sG622s; bar silver 6154 Mexican dollars 7
So. Government bonds strong; state :
,onds dull: railroad bonds firm.
BANK CLEARINGS.
New York. April 7.-Clearings Sss.7SS.S25;
alliances s4,5s4,59J.
Boston, Mass. April 7.-Clear!ngs $685.
Il; balances sl.75S.32s {
Philadelphia, Pa. April E-Clearings 81 I
y $50: balances s.. 1887. c
Baltimore. Nd. April 7.-Clearings s. 49, :
q; balances s2SS,3s0. ];
St Louis, Mo-. April 7.-Clear;ngs s5.l9s,- a
81: balances S769. s3o; money 5G7 per cent; =
lew York exchange. &c bid: soc asked. .
TREASURY STATEMENT. .
Washington. April 7.-Today's statement 4.
/ the condition OF the treasury shows:
.vailabie cash balance 500 9SS, 090; gold re-
erve s152 80.
SILVER GOES OUT TO-DAY.
New York, April The steamer Fuerst :
bismarck Will take out 10000 ounces or n