The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-03-18
NEARLY IVO POINTS
Is the Average Loss in Stand
ard Shares.
SPANISH TOURS ADVANCE
Bond Dealings Contracted
and Tendency Lower.

New York, March 17.-There was COM
plete reversal of sentiment on the stock
exchange today compared with that OF the
earlier part of the week, and prices saSged
almost continuously. The losses averaged
nearly 2 per cent in the standard shares
and were more pronounced in the spe-
cialties where, in one case, the decline
! exceeded 4 per cent. Trading was dpTni-
! natd by the announced completion Of the
Maine board of inquiry report, the fail
ure of the Pacific roads to reach an ami
cable agreement upon passenger rates.
| and the heavy selling by houses with
| Washington connections. a favorable fac
| tor which had little influence was the
continued influx of gold. The present
movement, including today's engagement
| of s., 300 900 and the S. 800 900 en- route from
Australia, is in excess of 100000 600. The
| continued ease of money likewise attract
ed little attention. The resumption of
uneasiness as 70 the general Cuban situ-
| alton seemed not to be shared on the for
eign bourses, where Spanish fOurs ad-
vanced, although this may have been due
to the announcement that the interest
payments which had been in doubt would
be made. The bears offered round amounts
of the grangers, Sugar, Manhattan, Met
ropolitan Street Railway and other prom
inent securities. The absence OF support
by leading financial interests was readily
perceived by the advocate of lower values
and utilized to the fullest extent. Lon
don was rather apathetic and early prices
afford little encouragement TO either par
ty, being slightly mixed. Subsequent ca
bles reported the London exchanges clos
ing exceedingly weak in response to this
- l,,,TFr
traders attention during the day at re-
ceding prices. 1t was the gossip of the
street that late this evening the rapid
transit commissioners would announce
certain concessions to Manhattan in the
way of extensions. but that stock declined
considerably. The net losses of points
and over are as follows: Metropolitan
Street Railway, AZ per cent; Sugar, 33s
per cent; Consolidated Gas, 212 per cent;
Tobacco, 212 per cent; Manhattan, pa per
cent, and Pullman. ~ per cent.
The total sales Of stocks today were
319, 100 shares.
BONDS.
Operations in railway and miscellaneous
bonds showed a further contraction in
dealings. with the aggregate reaching
81, $50, 900. The tendency of the market
was downward throughout, and, as has
been the case of late. a large prepon-
derance of the dealings conferred in a few
of the speculative Inns
Quotations for government issues indi-
Gated losses of Y per cent in the issues
of 1925 and Il per cent in the fours regis
tered of 1897.
FOREIGN STOCK MARKETS
Berlin, March 17.-Prices were firm and
the market had a better tone today on
advices received on the bourse from west
~
Americans were especially in better IA
vor.
Paris March 1.-THE bourse today
started buoyant and reacted slightly later,
on realization but closed firm. Interna-
tional securities were harder Spanish
tours were principally affected by the an
nouncement that the April coupon would
be paid and advanced to So Ills per cent.
Rio tintos made a sharp advance on IA
vorable statistics.
New York March 17-Money on call
nominally 2d212 per cent; prime mercan-
tile paper, 412Q5la per cent; sterling ex-
change firmer, with actual business in
bankers bills at s4.S3A 64.a for demand
and at s4.S024 04.S1 for sixty days. Posted
rates, S4S11RG4.S3 and $4.S413G4S5l2. Com
mercial bills, s4.S0d48O12 Silver certifi-
Gates. 55G55A. Bar silver, So Mexican
dollars, 4f%4.
GOLD IMPORTS.
New York March 17-Lazard-F reres
have engaged $1,000. 900, and Muller, Schall
& Co. 100000 in gold for import. making
a total for the day of $1,000. coo, and total
on the present movement, s24.550.000
TREASURY STATEMENT.
Washington, March 17-Today's state
ment of the condition of the treasury
shows: Available cash balance, S226, 49,
532; gold reserve, $40, 1882, 070.