The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-03-31
BUYING N Full FORGE.
At Near the Top When the
Stock Market Closes.
SPANISH F0URS ADVANCE
London ReyiveS a Hankering
for Americans.

New York, March 30.-ReaIzing sales
were absorbed today without at any time
| reducing the level of prices to last nights
| close. or even near it. and the marke.
several times rallied to near the top fig
ures of the day under renewed buying.
The day closed with such buying move
ment in full force and with prices near
the highest level. The days net gains in
the railroad list ranged from 1 TO points
and In the specialties gains Of over
points in Sugar and nearly 7 points in
Metropolitan Street Railway were scored.
Some of the shorts put out in Monday
bulge were covered and perhaps helped
on the advance materially, but the lead
ing influence in the market was ram
pant speculative buying movement. Lon
don was credited with being large buyer
here, bur foreign exchange failed to re-
fleet the fact, the tone of exchange being
firm. This might be due to slightly easier
time money, which was no less significant
of the prevailing confidence in peaceful
outcome than the strength in stocks
Prices of Americans in London had risen
before the opening here, but cabled re-
ports said that this was due to buying
on New York orders. Spanish government
bonds also showed strength in Paris and
London, but this was called a reflection
of the strength of American securities
rather than the cause OF IT. Early reports
from Washington that Spain had agreed
to free Cuba for $500 600, 900 indemnity,
gave the first powerful upward impetus
to the market. The abstention Of the SEN
ate foreign relations committee from re-
porting any of the war-like resolutions
IN its custody and the refusal Of the house
to interrupt the progress Of the presi-
dents negotiations with the Spanish gov
eminent were interpreted as favorable
factors. No account was apparently ia
ken of the implied suggestion accompany
ing these actions that the presidents de-
mands upon Spain were sufficiently firm
and far-reaching TO meet the objections
of these who had threatened to oppose
him in congress. The underlying cOnvic-
ton in financial circles was that whatever
these demands may be Spain would &C
cede to them and thus avert hostilities.
The total sales of stocks today were
SCI. 900 shares.
The bond market was by no means as
active as stocks, but the tone was strong
and some notable gains in prices were
scored. Total sales were 81, 1850
United States new fours, coupon. adj
vanced ~ per cent, and the registered
1 per cent bid. There were sales of the
new tours coupon at l per cent over yes
terday's prices and of the old fours. cou-
pom, at y per cent over yesterdays bid
price.
SPANISH FOURS ADVANCE.
Madrid, March 30.-Spanish fours today
closed at 7475.
New York. March 3O-The Evening
Posts London financial cablegram says:
After a dull opening the stock markets |
here were practically booming today, be- |
ing led by Spanish fours. Americans and |
Grand Trunk. There is a tendency here |
again to buy Americans, and prices here |
were above the New York parity all day. |
The close in the street was a trife under |
the best. There was a shirp rise III |
Kaffirs, first on the rumors of the death |
Of President Kruger, then or reports that /
the Deutsche bank had declined the terms |
of a loan to the Ttarnsvaai government |
Neither of the reports was confirmed. |
but the latter was credited in good quar- |
ters."
Paris, March 30.-Prlces on the bourse |
today were very firm on re-purchases. |
Spanish fours hesitated at the outset but |
were quickly carried up with other gov |
eminent securities and finished at the |
highest point of the day.
LOANS AND EXCHANGE.
New York March 30.-Money on call !
nominally 1Q1t2; prime mercantile paper,
5Q612. Sterling exchange steady, with |
actual business in bankers bills a s4S2Ia |
q4S3& for demand and at $4.S024 for sixty |
days; posted rates, s4sl1264S2 and 81 S4Ik
g4S5; commercial bills, $3.50; silver certif-
Gates. 551zG5612; bar silver, 55ss: Mexican
dollars. 44%.
GOLD FOR IMPORT
New York, March 80. Mueller, Schall &
co. have engaged $3.50 600 for import. A
dispatch from Boston says that Kidder,
Peabody & Co. have $500, 600 in gold en-
ga Ged for import
TREASURY STATEMENT.
Washington. March 30-Today's state
Tent of the condition of the treasury
shows: Available cash balance. 1924 $50
,43. gold reserve, S173, 15S. $50