The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-03-19
CHANGES ARE GAINS
For the Most Part But Not
Much of That.
MAINE RUM0RS ABOUND
Spanish Fours Relapse in
London and Paris.

New York, March 12-Today's stock mar
ket f1uctuated over quite a wide extreme
first upward and then downward, and
with later recovery above the early
high point. But ii is noticeable that the
days net changes, although mostly on
the side Of gains, Were not very large.
The extreme dullness was feature This
and the character Of the rumors which
affected the marked indicated the rnanip-
ulation Of small professional traders
whose existence depends upon a move
ment of prices, whether up or down The
late rally was the feature of the day and
was significant of the nervous waiting
attitude of the speculative world This
rally was effected on detailed rumors as
to what had been taking place at The Sc
cret meeting of the cabinet in Washing
ton. Compromise with Spain over Cuba
was the burden of this rumor accompa-
MED by the information that Spain was
perfectly willing to grant everything on
the sole condition that her flag remains
in Cuba. The professional short sellers
fastened to cover open contracts on the
strength of this report and another to the
effect that distinguished officer of high
rank in the United States navy had ex-
pressed the opinion that the Maine was
destroyed by an internal explosion due
to an accident. Business in the furry
caused by these rumorS was more active
than at any time during the day, but was
not on an unusually large scale, especially
considering the wide movement Of prices
Neither was the rally we'll held, the re-
action touching practically all stocks.
and amounting to d substantial fraction
in many cases. AS for the opeing part,
it was largely assisted by the buoyancy
of tn local traction stocks, based on the
reported offer of the rapid transit com
mission for an extension of the elevat-
ed system. Manhattan more than recov-
cred its dividend on tae iirst quotation
on the strength OF this. and Metropolitan
Street Railway jumped 2l& points. The
subsequent movement downward was
equally conspicuous in these stocks and
other specialties. The heaviness and dull
ness were without the slightest Interrupt
ton after the opening squirt up to the
recovery in the last hour. The relapse
in Spanish tours in London and Paris
was not re-assuring. Notwithstanding
yesterdays slight hardening IN the rates
Of exchange and the distinctly easier tone
i'll today's money market. further gold to
the amount of $780,, 900 was engaged for i'm
Port today.
The total sales Of stocks today were
3o0, 600 shares.
BONDS.
The bond market sho we'd weakness in
the early dealings and a firm tendency
at the close. Total sales were s.. 3O9.0CO.
United States new fours and the old
tours coupon were Is per cent lower bid.
New tours, registered and coupon, JZol5
tours, registered, 10; coupon. III; twos,
pom, Ill.,; Pacific skies of 80, l03
FOREIGN STOCKS.
London, March 1s.-On the stock ex-
change today Spanish tours were quoted |
at 549s. The closing price yesterday was |
30 lie.
Paris, March 18-The bourse opened !
dull, chiefly on London offerings. and later |
was steadier. Rentes ana Italian securi- |
ties at first weakened. Then the . was |
a relapse in Spanish fours. Afterwards |
they became firmer but tours closed heavy |
and Turkish securities finished decidedly |
weak.
Rerlin, March 1S-Erices on the bourse !
were irregular today. American securi- |
ties were weaker and Canadian Pacihcs |
Nere we'll supported Bank shares were |
on anticipation of the Chinese
loans.
New York. March 1S-The Evening
Posts London financial cablegram says:
The stock markets here were idle and /
today, with d bullish tnCina-
lion. Americans opened dull. became bet
-er on the ostentatious buying by lead
ng American house, gave way later en-
New York selling and closed weak. The
report of the naval board OF inquiry on
he Maine disaster is anxiously awaited
Spanish tours were q per cent lower. New
fork is said here TO be s5ecuaung con-
,iderably in that stock. The Chinese loan
prospectus Is out. The details are as al
'eady cabled, but an important point to
tote is that the entire loan has to be paid
Up as early as May 3. This. doubtless, !
indicates the payment TO Japan on May s, !
If hte entire balance OF the indemnity of
II. OO0 900. The ease in the London money
market was increased today by the re-
ease Of 10000 pounds OF Japanese
money from the Bank of England"
GOLD AND SILVER MOVEMENT.
New York, March lS.-The National City |
,ank announces S750o00 more gold en-
ragged for import. and L. Won Hoffman &
%. $4,000. The steamship Etruria. sail
ng for Europe tomorrow. will take out
q, 900 ounces Of silver.
TREASURY STATEMENT.
Washington, March lS.-Today's state
nent OF the condition OF the treasury
hows; Available cash balance, 1924, 461,-
SO; gold reserve. $40, 516,i7o.