The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-07-01
STOCKS AND BONDS
BULLS AND THE STOCK MARKET
MAKE IT A STAND-OFF.

Warning ~ to the TransttorIness O
mundane Affairs il Taken to Heart
Money Market IN Better Tone-Mer
chants and Importers in for Funds
London Stock Market Dull.
New York, June 3o.-Today's market TO
securities vas not distinctly react.onary a
was Lack of aggressiveness IN and
manifest sense of rebuff among the bui
contingent. The admonition, contained i;
yesterdays lively selling by London, tina
the adv ance in prices was not going TO last
even IL they were not going 10 offer, wa
taken to heart and had a quieting influence
There was gentleness OF deneaaor shown
oy the bulls and the buoyancy was tatker
out of prices generally. This was NOR,
notable, as there were not such heavy of
fer;ngs to realize profits as was the cas-.
yesterday. The result was a dull market
compared with recent days, although IN
cnaneec total sales OF all stocks approach
81 $4,000 shares. OF these over 1000 wer;
o. 1t. Paul and the addition Of sales o.
Sugar. Burlington, Chicago Gas, Rock Is
land aid Northern Pacific preferred leave:
less than half the totals still to be account.
ed fo:. So far as general news was con.
cerned. there was no change in the encour-
aging outlook which has accompanied the
long and steady advance. Crop advices
continued good and such railroad earning g
as were published were not Giscouraging
Fhe likelihood was strengthened that nc
sold would go out this week and the money
market displayed a distinctly better tone
than for weeks paSe. Rates for call money
were held at form IL 10 ~ per cent, as
against lax per cent for long time pastt
Merchants and importers were in the mar
ket for loans 10 cover imports and to with
draw goods from bond, and the demand for
money TO put int stock and securities con-
tinued After the opening depression the
puiis aid, in fact, carry prices very general
iy above last nights close. The grangers
and cdalers were particularly strong in this
upward movement and the former showed
the firmest resistance to the subsequent de-
cline. Stocks which rose more than point
over last nights close were Sugar, Rock
Island, Consolidated Gas. Delaware and
Hudson and New Jersey Central The sub
sequent reaction wiped out the gains of the
Whole list, and the only important stocks to
rally to a net gain were Delaware and
Hudson. a point and Rock Island, Man
haitian and Tennessee Coal, fractions. The
losses were general, even at the final rally,
and extended to point in LaClede Gas
preferred, Lead, Pullman and Tobacco.
There were a few special causes for de-
preston Of individual stocks. such as the
apprehension that the sugar schedule Of
the tariff bill would be changed SO as to
lessen the protection Of the refined sugar
Northern Pacific preferred reflected the be-
llei among security dealers that the plan
for the harmonious operation of Northern
Pacific and Great Northern had come TO a
pause through differences between Presi-
dent Hell and the Northern Pacific voting
trustees. 1t IS probable that the industrial
shares generally reflected some apprehen-
sion caused by the result of the trial of
the Tobacco company for combining in re-
straint of trade. although disa greement
showed ten jurors for conviction.
The bond market was inactive, but ruled
fairly firm, although some of the specua-
tive issues fell off slightly on profitt-taking.
Transactions in the g:lt-edged bonds were
quite numerous, at substantial improve
ments IN some instances. The aggregate
sales were s1,324,0O0.
Government bonds continued firm on light
dealings. The sales We're $4,000.
New York, June 3o.-The following notice
has been served on the Western Union Tele-
graph company by the Stock Exchange:
Pending the making Of further or other
arrangements by the New York Stock Ex-
change with respect to IT'S quotations. it IS
willing to continue said contract in force
II 20 = T,,,, to-
sheraton of receiving from the Western
Union Telegraph company for each day dur
ing which said contract shall be so con-
tinued III force, sum payable at the close
Of business on each day. it being distinctly
understood that all the provisions of said
contract other than those Relating TO its
duration are TO be and remain IN force
during such temporary continuation of the
contract, but that the New York Stock En-
change OF its committee of arrangements
may at any time without notice wholly dis
continue and terminate such contract ard
that upon such discontinuance or terminal
ton all rights of the Western Union Teie-
graph company shall forthwith cease. II
the terms are accepted by the Western
Union company the contract will continue
as above until further notice"
fOhElGN STUN MARK Els.
New York. June 5o--The Evening Posts
London financial cablesram says:
The stock markets. were duh today, part
" dut &c profit-tatking largely to the set
.lemert on the aPr;s bourse. causing fat
ness there. and partly TO the wild rumors
Of evidence suggesting Chamberlain's fore
knowledge of the Jameson raid. The latter
report is r;diculed in the best QUARTERS
Prices opened good. and thereafter were
very fat until the close. when there was a
partial recovery. Americans We're dull.
They were spurtei in the street only to re-
apse at the close South American rails
. ere fiat on reports OF poor earnings. A
feature was rather sharp fall in Indian
Exchange. Gold 20 77s11d. but Japanese
Iuying : expected at any moment. Money
s IN strong demand as the last day of the
Tomorrow's bank return will
show that the bank has lent the
rarket nearly five million pounds sterling
The Fairs bourse was dull, and the Berel>
market quiet"
LOANS. EXCHANGE AND BONDS.
New York, June So.-Noney on call firrner
Il Il4G2 per cent; last loan IL per cent;
losing 1isIlis per cent; prime mercantile
,aper S7i per cent: sterling exchange very
ull and stetsdy. with actual business IN
,arkers bills at $iSG+S1l4 FOR demand
mi at s4S7sT4ss for sixty days; posted |
ates 81 ssi,G4. s1is and si.sSG4. $50. Com |
nerc:al bills s.Si.. Silver certificates, |
o.. d6o'S. ar gold, eos; Mexican dollars |
IA. Government bonds firm: state bonds |
ull; railroad bonds firm.
SILVER SHIPMENTS.
New York. June S0-The steamship Nor |
RAM Will take out tomorrow 1850 Oounces |
Z silver.
COFFEE AND SCGAR MARKETS
New York. June S0.-Cofee-Options open |
= S.aaS ~ a decline o. S<;rA -,;--S -,,ra; i