The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-05-04
STOCKS AND BONDS
STOCK TRANSACTIONS ARE IN
MUCH IMPROVED TORE

| From the Past Few Days-State OF the
Market Reflects Increased Confidence
In the SIfuation Regarding Causes and
Effects of Gold shiPments-Fractionai
Gains General Throughout the List,
Railways Closing Near the Top.
New York, May a-There was greatly
improved tone to the dealings in stocks to-
day and values held sppreciabiy nrmer-
The volume Of trading also Increased SOME
what but it is still extraordinarily small
This reflects the increased confidence OF the
stock market concerning the shipments OF
gold 70 Europe. Fears on this score have
partly abated The fact that new engage
nlents for export were made today, WITH
actual business being done in demand ster-
ling for 81 81. to the pound, CONFIRMS me
belief that the gold movement IS not the
result, Of a natural settlement OF the pal
ances. but a special demand for soio' IN
vo,viug the payment Of a premium for IL
Tho closest estimate that can be MADE
shows The profit on gold shipments TO cease
~, demand sterling fails to Sass. The
fact that a premium must be paid for the
nresent gold shipments Is coming 70 cause
/ tbe onerat,on to be regarded as business
| operation profitable to the country ana as
/ a h.avd indication OF the abundant supply
| of gold In the country making II, marking
| II s the best source of supply OF the special
demand. such as that OF Austria at pres
ent. with Russia and Japan also strongly
attracting gold. all of this demand beng
| for currency conversion purposes Although
| the United States treasury has supplied
nearly all of the stock of gold for the pres
ent movement. the movement OF gold into
! the treasury continues at apparently the
same rate as for some time past The cur
rent government receipt. also are IN excess
OF expenditures because Of the heavy in;-
portations of dut.able merchandise to anti
cipate the new tariff bill. While these I'M
portations serve to make the exchange sit
uat.cn more adverse. their benefit 10 the
United States treasury and their corse-
quent safeguard to the currency IL viewed
as a compensation. IN part at least. The
fact that the price Of gold bars and Amer.-
can eagles was reduced in London and that
the Paris rates for sterling exchange rose
slightly have also given rise to belief
that there may be only q small shipment
of gold. or more at all. by next Saturdays
steamer. 1t remains to be seen whether
this hope Is JUSTIFIED. The brighter aspect
also favorable factor in today's market.
Gains ranging from 1 to 1 s4per cent oc-
Cured in Northern Pacific preferred. Louis
vile and Nashville. New Jersey Central.
Sugar, Tobacco, Consolidated Gas, and
Brooklyn Union Gas. The gain In the grans
ers averaged y per cent and fractional
gains were general all through the list,
the railways closing the near the top proce.
The bears attacked special stocks in an ei-
fort to stem their improvement and work
ed the line successfully IN the Gould stock.
Missouri Pacific losing point, Manhattan
"a per cent and Western Union u per cent
the latter recovering and closing with
gain of 4 per cent. Metropolitan Traction |
fell % per cent and rallied = per cent |
Tennessee Coal suffered a net decline Of
IL per cent on talk of labor trouble I'm |
pendinb. The closing was firm and, with |
the exceptions noted. net gains were gen. |
eral.
The total sales OF stocks today were l0s.- |
6ls shares, including: American Sugar. a. |
200; Burlington. 4, 100; Chica go Gas trust re- |
ce!pts. 1900; Louisville and Nashville. A.
900: Manhattan Consolidated. 5000: ST. Paul |
500; Tennessee Coal and Iron. 400; wes- |
tern Union 1890.
BONDS.
TIE bond market displayed increased ac-
tivity and there was material broaden /
ing to the dealings. A number Of the usu-
ally inactive shares participated N the |
speculation. The changes lacked conse-
quence but a decidedly firm tone was ap-
parent. The aggregate OF the sales was
81 0500p
Government bonds were pressed for sale
and showed concessions OF slight fraction
in the more active issues. The sales were
$500
FOREIGN STOCK MARKETS.
New York. May s-The Evening Posts
london financial cablegram says:
The stock markets were quietly steady
today Americans opened at reduction
but slightly above the New York parity.
advanced in the afternoon and closed stea-
dy at very little fall. Funds TO pay the
Chinese indemnity have not yet reached
London. The demand for gold for Japan
has gone off, and the continent is less eager
TO purchase. Half a million sovergns have
been shipped today at Melbourne for Lon
don. Stocks OF copper have not changed
during the fortnight. the total being 81
7S tons. The Paris bourse had strong
opening. but London did no. respond fully
and the close was duh. The Berlin mar
ket had an improving tendency.
LOANS. EXCHANGE AND BONDS
nominally lhG1i7 per cent: prime mercan-
tile paper 5isd+ per cent: sterling exchange
steady with actual business in bankers bill
sASA1dz for demand and at HssI. Tor -
days; posted rates As764ss silver GER
tifcates siizds2: bar silver 81 Mexican
dollars - l-lsc. Government bonds weak.
new tours registered I2si.: new four cou-
pom 1221s; fives registered I127s; fives cou-
pom HTS; fours registered i1es.: fours cou
- Z. CT 80 I
of IS. 1914.
BANK CLEARINGs
New York, May 2-Clearings so, szs 81:
balances ssF5 ST.
Boston. Mass. May 3-Clearings S5.e7s.-
535; balances s. og.CSs
Philadelphia. sP., May a-Clearinxs TO-
Ii7.3s3; balances S1.si2.c5o.
Baltimore. Nj. May 3.-Cea-snEs q. IT,
i53: balances fs224 80.
St LOUIS. No. May 2-Clearirrs S.c77-
-: balances ss7o. III: money ga. per cent:
New York exchange sc bid. 81 asked
TREASURY STATEMENT.
Washington May 3-Todsy's sta,en.r. o, !
the condition OF the treasury shors: .
Available cashh balance 81. -, II; gcI6 re-
serve Sss, Ss ~.
GOLD FOR SHIPMENT.
New York. May a-HesdsIbsch. IcxI.h.!-
rner & Co. viii ship 1Sc9o n god sor.or- ,
row. This. with THE $4,000 already an
1ouncet By Kid5er. Peabody & Co. 81 Bos !
ton. makes the total $40 90 for tenor ;
rows steamer and makes -. total ship :
nents 70 date S.s3.e"a TIE si.sa0s for
Shipment tomorrow vas Withdrawn from
he sue--reasury today "a god coin Il rs-
.c-n for the cspcxlt az treasury notes. TIE
ultimate destination os the god ID un1sr-
stood 70 be Austria Z,
4
LIVESTOCK MARREr3 d,