The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-06-15
DISPOSITION IO WAT
Further Course of Events, on
the Stock Exchange,
NEW GOVERNMENT LOAN
Is One of the Factors Making
For Uncertainty.

New York. June 14.-There was dispo-
sition in speculative circles today TO await
the further progress OF events. after a
series OF testings by the professional ele-
ment. There was evidently an expeeta-
ton al the opening that there might be
renewed pressure Of forced liquidation on
account OF the collapse IN the wheat deal
The bears were prepared for such Gevel-
opment and sold with considerable conf
dence, bringing about declines OF q point
in some cases. No heavy offerings were
encountered at tbs decline. however and
prices had come about to the opening
level before the end OF III first hour. Later
in the day there was renewed selling on
quite large scale, which was attributed
20 Chicago account, and This served 10
re-awaken some apprehension as 10 the
extent Of the damage done 20 the tinan-
cial fabric by The collapse In wheat. This
/ teverish tendency OF prices unsettled the
tone OF the speculation and resulted in
the rather dull market for the rest OF the
day. The strength of Manhattan and the
Cleveland Cincinnati, Chicago and St
Louis stocks. ana the nrmness OF Sugar
and Tobacco on the later dealings helped
to sustain the market.
wheat collapse 3 piast, there were consid-
erStions which rather served 20 keep alive
the reectionaVy spirit. For one thing.
there Is some anxiety 10 find how the sub
scriptions to the new government loan viii
progress. II large proportion IL taken
by small investors, the effect on the
money market which may result. IS an
unsolved problem. Ii Is considered proba-
BILE, at all events. that money will become
dearer though no actual stringency Is
looked for by any competent observer.
The indications are, for another thing,
that the heavy grain movement over west
ern roads has passed It's maxim urn, and
some falling of in earnings is 20 De ex-
pected in consequence. The new revenue
law. in force today, has one or two fea-
lures whoe effect on the stock market
values is a matter for consideration.
The total sales Of stocks today were A.
400 shares.
BONDS.
Prices Of bonds yielded in sympathy
with stocks. but losses were the larger
and there was no pressure OF liquidation
Total sales were 81. 900.
United States new fours registered ad-
vanced L coupon. H.; the old fours. cou-
pom, y; the old fours registered and the
fives. 4 in the bid price.
OtNEltT-N YIN bIAINhiA
New York, June 1.-THE Evening Posts
London financial cablegram says:
THE stock markets here were stag
nant today. the brokers being at the Ascot
races. Americans we're dull. closing at
about the lowest, on the collapse Of the
Letter wheat deal. This caused a semi
panic on the Liverpool corn exchange and
renewed rumors as to the solvensy Of
some firms here The Seligmans announce
the details of the United States govern
ment loan and that they are prepared TO
remit subscriptions from here. 1t is I'M
derstood that the Brazilian refundinE
scheme recently detailed IN these dis
patches will soon be submitted 70 the
bond holders by council Of foreign bond
holders acting for the RotchsChilds, who,
presumably, dislike association with Bra
zirs temporary default
THE supply of American bills offered
for discount is again very large
THE difficulties connected with the re-
cent issue Of Chilean treasury bills are
In the course of arrangement"
SPANISH FOURs LOWER.
London. June 14.-Spanish f0urs closed
at "a 3-l6, a net loss Of 3-16.
Paris June 14-Spanish fours closed a
34t. a net loss of 3-16. Business was calm
on the bourse today. Early realizati0ns
CduStl q IFdEtltiis Jul ItiNf-7 NlosFtA @Afd'A-
Ter. Spanish tours were heavier and Rio
Tintos were easier, owing to the decline
In the price Of copper
Berlin. June 14-Business on the boerse
today was irregular and prices were weak
on New York advices concerning the col
lapse Of the Letter wheat corner. which
lowered American securities. Interna-
tionals were maintained and local shares
were easier.
LOANS AND EXCHANGE.
New York, June 14-NOon-MOney on call
nominally 1I4dli2 per cent. Prime mer-
camille paper 3g4 per cent Sterling ex-
change. steady. with actual business IN
bankers bills at - s5i414 sS14 Tor demand
and at 81 $50. 81 for sixty days Posted
rates. As504 s5iaG4 s5tz Commercial bills.
81 s364 s34 Silver certificates 81. q5siz
Bar silver. e. Mexican dollars. i5i<
TREASURY STATEMENT.
Washington June I3-Today's statement
OF the condition OF the treasury shows
Available cash balance. SIS. 952. 40. gold
reserve, SI55 17.715.
nE0TnHTI