The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-04-13
LAST SALES LOWEST
Stocks Affected by Uncertainty
in Congress.
BULLISH HOPES BASED
On Delay, as Making For
Peaceful Settlement.

new 1OIhy ApIu IZ.-1Ns OSCIiHe III
Americans in London below the New York
parity. which resulted from the dull deal
ings, were disappointment TO those who
bought stocks in New York yesterday.
Opening prices here today were, however,
not as low as the London parity and
there was selling in consequence for ar
bitrage account. The market showed a
Slight degree of animation in the first
hour on buying attributed to Washing
ton account. The bull theory was that
differences in congress would begin today
and that delay added TO the chances Of
peaceful settlement. The volume Of the
buying was not imposing and it had
ceased before noon. For the rest Of the
day the market was TO all intents and
purposes lifeless, and the last sales were
for the most part at the lowest Of the
day. Speculation awaits the formulation
by congress of its intentions on the Cuban
question. There was a lively movement
in Tobacco which carried the price up
nearly points, the motive being the re-
ported settlement of the controversy in
the trade over the plug tobacco deal. The
advance in the price was also said TO be
directed against an outstanding short in
terest There was large buying Of the
company's scrip also and a resulting rise
of 1 per cent in its price. Rubber prefer
red was lifted points on very limited
transactions In the railroad list North
west was the only prominent stock which
showed gain, though Rock Island was
at one time shade above yesterdays
close.
Both the money and exchange markets
were dull and steady today at the recent
level, but about $3.50, 900 additional gold
was engaged for import. The movement
of currency to the interior was undated.
Total sales of stocks today were 30, 700
shares.
BONDS.
The bond market was intensely duh and
showed slight recoveries in some cases
from early weaknesses. Total sales were
$500, 900.
United States new as advanced 4 per
cent in the bid price. Government bonds
otherwise were unchanged.
FOREIGN STOCK MARKETS.
New York. April 12-The Evening Posts
London financial cablegram says:
1.-The stock markets here were stagnant
today, business being scarcely resumed
after the holidays. Such speculative po-
sition as existed had been adjusted prev
ious to the Easter holidays. and there
was no inclination TO reopen commit
ments. pending developments. Americans
were sold a little from the continent. In
vestment stocks are still falling, on dear
money"
Berlin, April 12.-Prices on the boerse
today opened firm, owing to the moderate
tone of President McKinley's message to
congress, but the contracts were limited,
spectators hesitating owing to the I'M
certainty of the measures which the Unit
ed States may adopt to restore peace in
Cuba. American securities closed dull.
LOANS AND EXCHANGE.
New York. April 2.-Noon-AIoney on
call firm at 3 per cent; prime mercantile
paper, 51496 per cent; sterling exchange,
steady with actual business in bankers
bills at $4.S314d12 for demand and at 1901
for sixty days; posted rates. S4S01264S1
and s4S4GIS41a; commercial bills, $47sa1a;
silver certificates. 5594d561a; bar silver,
557s Mexican dollars, 45L.
GOLD FOR IMPORT.
New York, April 12.-Engagements Of
gold for import are announced as follows:
Lazard Freres. 1926, 900; Kuhn Loebe & Co,
$1,000. 600: J. & w. Seligman & Co.. $3.50, 900:
National City bank, 500, 600; Ladenberg,
Thalmann & Co., S455 600; Heidelbach, lex
leheimer & Co., SEQ, 600.
TREASURY STATEMENT.
Washington. April 12.-Today's state
ment of the condition Of the treasury
shows: Available cash balance, $226 81, 1856;
gold reserve, s17s, SG2034