The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-03-11
DECLINES OF A POINT
Sometimes More, Throughout
the Stock List.
UNEASINESS AS TO CUBA
Is a Most Influential Factor in
the Decline.
UNEASINESS AS TO cuba

New York. March 10-Today's stock
market showed a further contraction in
the volume Of dealings and an apathetic
tone 70 the trading which indicated the
prevailing disposition TO refrain from spec
ulative activity until conditions became
more settled. There is continued uneasi-
ness regarding the Cuban situation, which
finds its reflection in the large offerings Of
securities on anyv substantial advance.
1t is the evident sentiment also that the
present conditions, so far as they are
known. do not warrant a further violent
decline in prices. There was a strenuous
attempt in the early dealings today 70
mark up prices with the purpose OF pine
ing small bear traders and probably also
fer the purpose Of realizing at the higher
level. This maneuver. which proved so
successful yesterday and Tuesday brought
about such abundant offerings that It was
soon discontinued and the bears retained
control of the field for the rest Of the
day. \ small arbitrage buying for Lon
don account aided in the early resistance
10 the decline and the strength Of special
stocks tended to the same end. ST. Paul
was ell supported in anticipation Of the
dividend declaration. which was al the
rate Of ) per cent per annUm, although
the increase over the recent rate was
called an extra dividend. The strength
in ST. Paul as compared with the other
grangers, drew it and Burlington togeth-
er, and their prices crossed during the
day. ST. Paul yielded in the final dealings
and fell 10 the lowest OF the day. TObac-
CO was also a strong feature and helped to
sustain the specialties. Its tone, however.
vas decidedly feverish. Pittsburg. Gin
cinnati, Chicago and St. Louis underwent
a remarkable series Of fluctuations, as
low as 4li4 and as high as a. apparently
due 10 contest between rival spectators
to uncover each others margin The
stock closed unchanged. The uneasy tone
on foreign exchanges, especially the weak
ness Of Spanish fours in Londan and Par
is, helped materially 70 defeat the efforts
to advance prices. The continued influx
Of gold failed TO have any effect in sus-
tanning the market. Neither did II save
the foreign exchange market from falling
an additional fraction. There was a per-
ceptibly easier tone in the rates for cal
money and loans at the close were made
at = per cent. Tenders are still loath
10 make time loans. a large part of to-
days selling was attributed TO Washing
ton account. There is no doubt that The
bears employed the usual channels for
Washington selling for the sake of the
effect and they accompanied il today by
the circulation of sensational rumors re-
garding developments in the Cuban situa-
ton Because of last weeks Washington
selling previous TO the publication Of he
news of Consul General Lees requested
recall, the market is extremely sensitive
to any demonstration from that quarter
Today's net declines are about a point or
over all through the list and effectually
wipe out the advance Of yesterday and
the day before.
The total sales of stocks today were
2S3. 40 shares.
BONDS.
Bonds were weak throughout the day
in sympathy with stocks. the specUIa-
tive issues leading the decline. Total sales
81 Cos OO0
United States new tours and the Old
coupons advanced z per cent. and the
hves i per cent bid.