The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-04-29
STOCKS AND BONDS
STOCK MARKET EXPERIENCES 4
SMALL NET DECLINE

SMALL NEf UECLlNk
Affirmation In the Share Trasaactious Il
Lacking and There Are Seesoes OF PosL
tive Dullssss, with which the *
change sitaatioe. IL IL surmiaed. May
Have Something to Do - Gold Export
Movement ID Under Way Though .
season Of Exporting L. Expected to
BriuG 1t Soon Back Again.
New York. April es-The market for
stocks was lacking In animation today and
sank at times into a condition OF unquali-
fed dizziness. although evidences of firm
ness and strength were not lacking and the
small net declines was due rather 10 the
sympathetic effect Of the manipulation by
the bears Of special stocks than 10 any
thing in the general situation.
Perhaps the dizziness was in .noe small
Part due to the inauguration OF the gold
export movement today. first generally ad-
na.tted to be due 10 normal causes. Inter
est IN the gold movement was confined In
very large part 10 those having TO do with
the market for exchange as il is now
generally understood that the gold move.
ment has been held back, for several DAYS
at least, by agreemen, OF the exchange
houses. which agreement IL was found i'm
possible TO maintain after the engagement
on Saturday OF about s.. 600 900 Cor shipment
to London on an order from that center
There was little apprehension aroused In
Wall street, however. by the news that
N.5oo.oD in gold coin had been withdrawn
from the sub-treasury for export TO Eu-
rope. For one thing. Il is felt that the
present period of excessive imports OF mer-
chandise. which is now throwing the ex-
change situation against US. viii necessari-
ly be limited by the enactment into the law
OF the new customs tariff. The return OF
the sold that may go out now is therefore
confidently expected with the normal mer-
chandise export movement later Further
more. it is believed that. besides the large
treasury gold reserve. portion OF the large
reserve Of New York banks would be forth
coming for export purposes rather than
that they should have their stock OF legal
tenders depleted. The extent Of the de-
mand here growing out OF the demand OF
Japan and Austria on London is somewha;
manifest IN Wall street that the gold ex-
ports will be suff,cient 10 deplete the treas
Cry reserve TO point that would give
ground for apprehension regarding the cur
rency.
The market for Americans In London
vas weak this morning IN the face Of an
advancing tendency for consols, and the
New York market took its opening tone
fynr 7
the general market advanced 10 a point
fraction higher than Mondays close. The
bears then sought successfully to stem the
advance by attacks on individual stocks.
Those selected for attack and the declines
effected in them were: Chicago Gas. IL
per cent; Western Union, ~: New Jersey
Central. 23s; Delaware and Hudson. II:
Tennessee Coal and Iron. ia: closing at the
lowest; Leather preferred. lss. and Omaha.
IL. The net declines in there were, how
ever. only fractional, except in New Jersey
Central. 1ss, and Western Union. IL. Su-
gar was a strong force in the market. lead
ing the early advance and a general rally
at the close and showing a net gain on the
day OF IS. per cent. Standard OIL sold to-
day at $685. per cent. the highest price on
record
The total sales Of stocks today were $780,
e15 shares. including: American Sugar. 80
100; Burlington. $50: Chicago Gas trust
receipts. 1890: Omaha. 1910; Reading s.
800: ST. Paul. 10 300: Western Union, l4.70O;
New Jersey Central, $500
The trading in the bond market was
marked by a renewal of strength and ac-
tivity in the Texas and Pacific issues which
rose lss per cent and IL per cent respec-
lively. The general market lacked feature
but rfed generally higher. The aggregate
sales were x66.0oO.
Government bonds were neglected but
steady at Mondays closing prices. Sales
$1,000.
LONDON STOCK MARKET
London. Eng. April 2s.-American stocks
opened firm and continued so all day in
sympathy with the money market. The
close was firm with a moderate demand.
LOANS AND EXCHANGE.
New York, April 8-Money on call easy
at 1i4d2 per cent: prime mercantile paper
3ik64 per cent: sterling exchange. heavy,
with actual business IN bankers bills at
81 s7zs for demand. and A.ssI4 for sixty days
posted rates aSd4.s3Is and 81 ssizd4s Sc:
bills ASST; silver certificates
Sls4 GS2h; bar silver SIS: Mexican dollars
4sss; government bonds firm: new AZ reg
istered. lzx; coupon. 12e7.; SIS registered.
1l2S; coupon. IA; As registered. III: coupon
1l2A; rs registered $50; Pacific SIS of 20.
1o4.
GOLD FOR EXPORT.
New York. April SIS $4,000 IN gold coin
has been engaged for export tomorrow.
BANK CLEARrNGS
Philadelphia. Pa, April S.-Clearings 81
21s. 2ls; balances s1.c4.sls.
Baltimore. Nd. April E.-Clearings 81
"a. SIS: balances S27l, 2s3
ST. Louis. No. April 2s.-CleaHnss 4.z-5.-
s45; balances Sls.2s7; money sal per cent;
New York exchange. 20 cents bid; 10 cents
asked.