The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-04-27

Grant Monument Day Be:uR . Holiday has
Everything to Do With the Dul:ness OF
the Market - Prices Advance All Day
without lnterruptIou, on the Belief
That the furkO- Grecian Chapter Is
Finished-Goid shipments Due to Extrr.
ordinary Causes aud Cut no Figure In
the Stock Market Bonds Strong.
New York. April a6.-There was not
mich animation on the stock market to-
day. but the dul,ness was TO be attributed
to the fact that the exchange closes to-
morrow on account Of the Grant monu-
ment dedication and dealers showed
their usual dissemination 20 embark on
extended ventures on the eve Of a holi-
Gay. Prices advanced practically with
out interruption all day and the tone was
strong on the belief that the war be-
tween Turkey and Greece is near is end.
Prices Of Americans advanced n London
and London also bought some socks on
The local exchange. This all went 10 an
courage buyers and ii is thought there
would nave been more Of them had ii not
been fer the impending holiday The
news OF the engagement, OF 81, 500, 600 OF
gold for shipment 10 Europe. s. ,0O0, 900
from New York and $500, 900 from Boston
was disregarded entirely in the stock
market 1t is generally accepted that the
presel; shipment is due 10 the special
pressing demand from Japan and Au-
str.a for currency purposes. This spe-
ciai demand has created a practical pre-
MUM on gold in London. Without this
premium the present rates OF exchange
would not leave sufficient margin Of
profits in gold shipments 10 be worth
while. The profit is. in fact, very small
as !, is. The enormous outstanding
trade balance in favor OF this country.
amounting to over $500. 900, 900, the con-
.inuing excess of exports over imports
and the frightening prospects for Amer
lean securieties in foreign markets. large
ly abate uneasiness regarding the ex-
change situation due to heavy imports,
some selling OF American securities here
for foreign account, and heavy credits
carried by the outgoing tide of American
tourists ID Europe. A treasury gold re-
serve Of $.5a.c00.0oo and an abundant
supply OF gold in the reserve fund OF
banks. leaves no room for anxiety on ac-
cunt Of the currency situation. even IL
the exports OF gold should become quite
hesvy. which is thought TO be imposs,-
BILE. The only decline of Importance dur
ing thed ay was that in Sugar. on ac-
count rf the death OF Vice President
Theosore A. Havemeyer. The stock
opened off Is per cent on this account.
bu. rallied on good buying and regained
3-S per cent before the close Burling-
and st I aul absorbed large share OF
aiteE;ion and advanced steadily In face
of weak whea; market, news of food
damage 10 road bed and equipment and
by delaying traffic. 81. Paul. in addition
had the March statement Of earnings
showing decrease in the net OF s104, 4eS
to contend with. but led In the improve
ment, closing Is per cent above Bur-
ling;on. The internat:onals showed
gains. but the transactions in them were
not large. The same was true Of the
Southwesierns. which generally enjoyed
showing of increased earnings for the
talrd week OF April. The improvement
in tne grirgers extended as high as / is
per cent III Omaha. o. the industrials,
Leather preferred. Chicago Gas. Tobac-
CO. Tennessee Coal and Iron and Ameri-
cal Spirits preferred gained from / 20
points. Gains running from I is per
cent "a ga per cent were shown in Erie
firsts preferred. Louisville and Nashville.
Missouri Pacific and Northern Pacific
preferred. l.: opposition to the general
market. Laclede Gas preferred los. 3
per cent and Consolidated Gas per cent.
Western Union also yielded l-2 per cent
al one time. but subsequently recovered
The total sales Of stocks today were
1890 shares. including: American To-
bccca $500: American Sugar 1880; Bur-
lington 2osoo; Louisville and Nashville
100; Missouri Pacific 400; New York
Cencral 900: Omaha 5000; Reading A.
900: Rock land 81 90: 81. Paul "a. 400:
Tennessee Coal and Iron 300: Western
Union $780,. Southern Railway PREFER
ed 1000.
The transactions IN speculative bonds
were marked by decided strength. with
the international liens leading in the i'm
provement. Business. however. was very
light. The aggregate sales footed UP on
ly $1,000
Governments ruled firm during the
early session. but in thes laie call conces-
SONS were noted from the best prices.
The sales were $4,000
FOREIGN STOCK MARKETS.
New York. April 2s.-The Evening
tost's London financial cablegram says:
the stock markets opened strong to-
day on the belle; that the Greek DE- !
feat mean. a speedy termination OF the |
wal. There vas no public support, how
ever, and the market closed under the |
bes:. ssh the tone was fairly good. The |
settlement shows a small account and |
mo-cy is easy. Contangoes on Ameri- |
cans ere IA and 9 1-2 per cent The !
tone Of Americans was good and the /
tone vas near the best. The fiatness OF /
ksffirs is d:scouraging feature TIE I
New York gold shipments 20 Austria sx-
,it= Halle interest here a tpreseac In /
good CHARTERS r Is estimated that Au- l
:-ria's requirements ot gold this year viii |
D. sfou; $500. 90 pounds Al today's
-ate Q, I-1s per cent for discounts. no 1
American bills are Offering. The Paris !
and Berlin markets were good. but the l
los. was under the best"
GOLD FOR EXPORT.
New York. April 2s.--NuIler. Scasn & /
=, have Withdrawn ss17. 900 IN gold bars /
rom The assay cfiee Cor shipment 20 Ed
-0pe on ionorrow's steamer. The steam
mp Paris calling on "Wednesday. vii 4
axe out s&5. 90 ounces OF silver Kidder \