The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-06-29
MARKET VERY NARROW
Stocks Strong Monday Re-
allied on Yesterday.
PERIODS OF STRENGTH
Enjoyed By Many, But Gains
Largely Lost.

New York. June 2s-some of the indus
trial specialties advanced in the early
trading today on pool buying. inside sup
port or individual Causes, but a realizing
! movement later In Tobacco and BrooklyI.
Transit unsettled prices and wiped out
all but few gains. The market was very
narrow and entirely professional stock.
which were strong yesterday being sold
to realize today. Sugar. Peoples Gas.
Pullman Consolidated Gas. Tobacco and
Brooklyn Transit, and In a Slight degree
Manhattan. all enjoyed their period of
strength. The Changers at one time stiff
fened up to about last nights close on
strength In Rock Island due TO inside sup
port and in part TO Burlington's favorable
May statement showing ar increase -
gross of S745, 535 and IN the surplus after
charges of s29, $50. But the suspension for
the present Of the grain movement and
the knowledge that the current earnings
Of the grangers are falling below last
years large average brought realizing
and fractional declines. Union Pacific pre-
ferrsd was quite marked sufferer from
the reports OF rate-cutting in transconti-
mental passenger business. The railroad
list was very much neglected for the most
part. the demand for stocks having ap
parently died away entirely in spite Of
many favortng conditions and the ease
in money which seems TO show no effect
whatever from any demand to meet July
obligations or TO take up The government
loan The very light demand for stocks
is not accompanied by any pressure TO
sell large amounts and the result Is an
almost stagnant market in which there
IS nothing to Indicate any change. The
new tax or issues, transfers and sales
of stock certificates continue TO absorb
a large amount OF attention in Well
Street, where the opinion prevails that
unless its liberal provisions can be sue
cessfully combatIed IN the courts or le-
gally evaded. they will largely curtai
professional speculation and operations
by room traders for a quick turn in the
price Of stocks.
The total sales Of stocks today were
261. 200 shares.
Bonds reflect the pressure OF available
money for profitable employment and
prices continue TO advance. Total sales
&, $40 900.
United States old tours coupon and the
fives advanced 4 IN the bid price, New
fours. registereda and coupon. l24k fours,
10; coupon. III: seconds, %: fyes register
ed and coupon, 1l2; Pacific skies of 's9,
101k.
SPANISH t'OURS AGAIN.
Madrid, June 2S.-Spanish tours closed
today a 5e.S. Gold was quoted at s.
London. June 2s.-Spanish tours closed
at "a. net gain of T. It IS reported that
the stock exchange committee has con-
cluded 20 remove after June %. ali men
ton of Spanish tours from the official
list. and 20 quote the same under names.
sealed or unsealed. The former refers
to those payable in gold IN London. The
action of the Spanish government IN the
matter is generally disltked and Spain
has lost free market in Paris and Lon
don for over two-thirds of her debt
Paris, June 2S.-Spanish tours closed at
"a. a net gain OF 7-16. Business on the
bourse today was quiet and prices were
maintained. 1t was reported that the
decree recognizing the cabinet would be
signed forthwith. Spanish tours recov-
cred in consequences Of the backward ac-
ticn Of 2x per cent reported from BARGE
lonia
Be.Nn. June 2s.--TnternationaI securities
were maintained on the bourse today and
Spanish tours were quoted better prices.
American securities were weak at the
close OF the market. Bank shares and
local securities were weak on realiza-
tons.
LOANS AND EXCHANGE.
New York. June 2S.--Noon: Money on
call nominally at iGl1a; prime mercantile
paper, 3Q4 per cent: sterling exchange
steady, with actual business in bankers
bills at s4.S512G4 s524 for demand and at
Sassy for sixty days posted rates, $4s5G
4S61s; commercial bills. 81 s3Q4 S3I2. Silver
certificates. $1,000. Bar silver. 1914. Mex
lean dollars, +5%
TREASURY STATEMENT
Washington June 28-Today's statement
OF the condition OF the treasury shows:
Availale cash balance. s194, 132, 344 Gold
reserve, $l65. 723. 699.