The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-05-18

Psesidsnt's Cuban Message = 20 Mach
Aildsr Than is Might Have Been That .
1soeusd Occurs On Its Pabtieatiea-
Turkeys senLDensnes Has Little
Eject - the Time is Crosses the Water
More Gold Into Than Oas ef the
Treasury - Grasgen Advances - Beads
FIrm-Governments Heavy.
New York. May 1.-THE presidents mes
sage calling for an appropriation to relieve
destitute American citizens in Cuba proved
faT less sos;ile IN tone towards Spain than
the dealers in securities had apparently per-
suaded themselves that Il would and the
market strengthened upon its publication.
recovering a part OF the loss tha; ensued
upon early inumatioas that the message
was forthcoming and tha. its tone towards
SPAN would be extremely provocative.
With the exception Of a few week spots
IN the market. due 20 causes peculiar OF the
stocks affected, the market was strong a.
around today and even the in:imations
senate On Cuban belligerency was probable
did not weaken the tone OF speculation
The traders have apparently persuaded
themselves that there is much less danger
10 values in action by the government IL
Cuban affairs than they have Eel, during
the previous agitation Of the subject. The
de aiings On the exchange. however. stu
continue almost wholly professional and
exceedingly restricted in volume and the
movement Of prices reflect little more than
board room maneuverins tor short turns
and no very definite opinion on general
conditions The renewed uneasiness appar-
ent on the London exchange over the crucu
lent Of Turkey towards the great powers
was reflected here 20 some extern. at the
opening but the weakness was overcome
early in the session. The easier tone Of the
exchange market, both In London and In
Paris. was factor Ia strengthening the
market II does not escape notice that ths
Tow Of gold into the Unieed States treas
ury keeps up steadily a7c rha, In the in
tervals between the Withdrawals for ship
ment the treasury gold reserve tends i'm
niedia,ely towards reolenishiEg. The pres
poets Of large grain crops. which had TIE
effect Of weakening the wheat market, ter
ded the other way IN the market for rail-
way shares. the gransers. especially. being
in excellent demand notwithstanding the
small eastbound shipments reported on the
runofs OF rate cutting by western reads
and recrimination on that account between
the roads. Ore-third OF the transactions
on the exchange were in Chicago Gas ard
Sugar. the former leading the market In a
buying movement which advanced the price
~ per cent on the day. Sugar was weak
early but scored a net gain OF a fraction
on the day. Tobacco was weak on the
Illinois decision denying the legality OF the
company. but inside support was forthcom-
ing and the loss was mostly recovered. TIE
improvements in the grangers ranged from
"a to IL per cent. the latter in Rock Is
land. Early strength IN the eoaler.. amount
ing TO = rise Of IL per cent n New Jersey
Central. was followed by heav:ness and the
gains were more than wiped out General
Electric seems 70 have been caugh, with
cut support by the bears and was sold down
"a per cent, only the fraction being re-
gained. The Gould shares advanced on coz
ering early but developed weakness later
in the day. Fractional gains were very
general throughout the list London sold
some stock on arbitrage early but later be-
came buyer and, il is estimated. oorgh:
some 10ece shares more than were sold
The bond market displayed little feature
but prices were well held and a firm under
tone was apparent. Fluctuations were IN
usually narrow and but little attention was
paid 10 the prominent issues. The aggregate
sales were $sSaoO.
Governments ruled heavy and recsdei
fraction for some issues. The sales were
5000.
State bonds were more prominent IN the
speculation and improved generally on pur-
chases Of $1,000
FOREIGN STOCK MARKETS.
New York. May 1.-THE Evening Posts
London financial cablegram says:
Turkeys heavy demands were a damp
er on the stock markets here. which opened
generally lower but except for foreigners.
which closed Eat, the tone gradually i'm
proved, and the close was about IT the best
Americans opened dull bu there was a mark
ed recovery. and the closing was quiet al
the best. Gold receipts from the Cape are
attracting attention. $1,000 pounds being
received at the bank today. The Paris
oourse was irregular. and the Berlin mar
was was steady
LOANS. EXCHANGE AND BONDS.
New York, May E.-Neney on call easy
at lI.diis per cent: last loan II per cent:
closed offered At li46iis Per cent: prime
mercantile paper sls64 per cent: sterling
EXCHANGE easier Win actual business n
bankers bills a. HGLa4sr,. for demand.
ard az 81 ssisf SEA for sixty days: posted
rates AG and s. sal 81: commercial bill.
81 sSi4 d4Siz: silver certificates ahlsIH:
bar silver size. Mexican dollars Gao. Gov
eminent bonds weak: state bonds dull: rail-
road bends firm
BANK CLEARINGS
New York. May I7.-Cleartngs "a % 81,
balances xs,4 ~
Boston. Mass. May r.-CIeariays cz.5ss.-
81. balances s. ss4 54S
Philadelphia Pa, May i7s-ilea-.cxs 81 |
g. 81: balances s. %. SIS
Baltimore. Nd. May I7.-CIes-.aSs s. So |
a.: balances Sli.f
ST. Louis. No. Nay T.-Cearirgs & 81
ssi; balances 1sss So; money fa7 per cent:
New York exchange . cents bid: 70 cents
asked
TREASURY STATEMENT.
Washington. D. c. May f7-Totsy's /
statement OF the condition Of II. treasury |
shows: Available cash balance S-.i5c.
god reserve SO. go Sol