The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-04-28
VERY UGHT VOLUME
Almost the Low Record in
Stock Transactions.
TO THE WHEAT MARKET
Large Part of Speculative In
tereSt is Shifted.
TO THE WHEAT MARKE7

New York, April 27.-Today's stock mar
ket was almost entirely without tone. The
total transactions were not greatly in ex-
cess of the smallest days business in the
history Of the exchange, the aggregate of
ali sales footing up only 81, 800 shares. The
market drifted aimlessly and over a very
narrow range. Such usually volatile spe-
cialties as Sugar and Metropolitan Street
Railway covered a range of less than q
! per cent during the whole day. A large
! number of stocks which almost always
! figure in the days trading have not a
| single sale recorded for them. A few
stocks moved quite widely on account OF
| special causes. but the volume of bust
ness, even with these, was small Cana
dian Pacific and Northern Pacific stocks
moved upward together from the same
cause, namely, rumors which are preva-
lent in London that the Northwestern rate
war is about to be settled. Canadian Pa
cifcs net gain is 25s per cent, and North
ern Pacifc's a point. The strength of
these stocks really gave the tone to the
whole market, lifting 1t from last nights
close, which it retained to the end Cen
showing made by its annual statement.
Kansas City, Pittsburg and Gulf recOv-
cred "a per cent of yesterdays loss, which
was said to be due to apprehension that
its terminal port on the Gulf would be
closed by the war. Hawaiian Commercial
recovered points of its recent losses,
which were said to be due TO apprehension
that Its stocks Of sugar in transit were
liable to capture. Arbitrage dealers sold
most of the international stocks, but
bought Northern Pacific. Their transac-
tons, however, were insignificant. The
dullness in stocks is no doubt due in part
to the transfer Of speculative interest to
the wheat market.
Conditions in the money market seemed
to be working to an easier basis. Call
loans at the banks, which hold out for 4
per cent, are being repaid, as money can
be had for less than that in the street, and
time loans are said to be made at a shade |
below per cent, which has been firmly !
held for some time. The demand for funds |
from the interior continued but is not as
large as earlier in the week. The rise in |
exchange checked the rate for demand |
sterling. holding steady at about s4.s4-1.
Total sales of stocks today, 81 600 shares. |
BONDS.
The bond market was intensely dull in |
sympathy with stocks, and prices were |
held about steady. Total sales, 5000, 900.
United States old tours, registered, de- |
clined 4 per cent in bid price, and the |
new fours, coupon, were Is per cent lower |
bid than the sale price of yesterday. New |
fours, registered. 1853 coupons us; tours.
registered, LOG; coupon, 1O7; twos, register |
ed, "a; fves, registered, 1922; fives, cou-
ponS, 11013; Pacific skies OF 49, 10215
FOREIGN STOCK MARKETS..
New York, April 27.-The Evening Posts |
London financial cablegram says:
The stock markets here were quiet but |
better today on the combined inflow of |
gold and easier money. The settlement .
was a small affair. Americans closed at
about the best, with very small specu-
lative inquiry here. Ksfirs were better
on the reported reduction of tha dynamite
rates in the TransvaaI.
Paris, April 27.-Prices were firm in all .
sections on the bourse today. There were /
many covering purchases. Spanish fours
were active early in the day quiet during |
the afternoon, and on the whole they were
fairly maintained. International secur-
tiles rallied smartly.
Berlin, April 27.-One the bourse today
prices were firm. The cheapnes sof money, /
coupled with the strength of the markets
at other centers. caused all-around pur-
chasing, principally OF bank shares.
Madrid, April 27.-Spanish tours closed .
at $3.50. Gold was quoted at rs.
New York, April 27.-3. p. m.-Money on
call. steady, 1la92 per cent; last loan H.
per cent. Prime mercantile paper, 6G7 /
per cent. Sterling exchange. steady, with |
actual business in bankers bills at A.S4s4q /
4.S5 for demand and at $4S1d4S14 for
sixty days. Posted rates. $4Sl1Ad4S2 and
AS514Q4.S6. Commercial bills, 81 S0Q4. sOl4.
Silver certificates. 56@4 G57. Bar silver.
soy Mexican dollars. asa
TREASURY STATEMENT.
Washington, April 27.-Today's state
ment of the condition OF the treasury
shows: Available cash balance, S2lS. rs
756; gold reserve. $50. 761,724