The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-04-16
SMALL GAINS REMAIN
After the Stock Markets Ad-
vance and Retreat.
WAR RUM0RS ARE RIFE
More BuIIish News Comes too
Late For Effect.

New York. April 15.-Professional
traders bought stocks this morning, caus-
ing an advance in prices Of point or over
in the speculative facortes, but most of
these takings were sold again before the
expiration Of the days session, carrying
prices back over their own course and
leaving net changes in almost all cases
Insignificant but with small gains pre-
dominating. The party in the exchange
which espoused the bull side yesterday
found cause for encouragement in the ad-
vance in the price of Americans on the
London exchange this morning Other
| European bourses also showed a firm
| tendency for Americans, and Spanish
| fours rallied from an early depression
before the opening of trading here. The
cause Of this strength was rumor that
the powers had interYened between the
United States and Spain, and that the
| Cuban insurgents had agreed 10 an armis-
tice. This rumor seemed TO have great
force in foreign circles and effected
! sympathetic rise here at the opening,
which was assisted by the professional
manipulation Reports from London in
! dictate that there has been extensive deal
/ ing in options on Americans in that mar
| ket, and todays demand was in large
! part from the sellers Of the options for
! the purpose of covering their contracts.
! Whatever credence attached to the inter-
! vention theory abroad, it was not deemed
! important IN the country and the buying
| movement was quickly exhausted. The
midday period of intense dullness and
saSging prices gave way to a more active
! selling movement in the final hour on be-
lief that the senate would take action be-
fore adjourning. The definite information
from London that Great Britain would re-
fuse TO join the naval demonstration in
behalf of Spain and the Austrian am
bassador's open avowal that he had given
up hope of Europe preventing war were
not received in Well street till after the
close. Neither was the news that the
regular army had been ordered to the
seaboard. Dealings were on a small scale
and the wide movement of prices indi-
Gated small flowing supply of stocks, !
holders maintaing their waiting attitude. |
A feature of the day was the reaction Of |
AS points ex-diyidend in Tobacco, the cor |
ner against the members having been !
closed out Another was the active de- |
mand for Union Pacific Denver and Gulf, |
which rose at one time a point on the be- |
lief that the pending reorganization will |
not bear heavily on the stock. The money |
market continued throughout the day and |
the demand from the interior continued |
good. As foreshadowed in these dis
patches lasta night, the supply of cur
rency has become so scarce that some of
the city banks are shipping gold in re-
Spouse to the interior demand. Further
engagements of nearly S1.5OOO00 in gold
for import were made today, nOtwith-
standing the hardness of the money mar
ket and the Discrimination of Paris or Ber-
lin to supply gold. Paris exchange on
London as result jumped IL confines.
to % francs SO cenumes, an advance Of 6
confines over a week ago.
Total sales of stocks today 2O5. 300 shares.
The bond market was duh and about
steady. Rock Island extension hves were
largely dealt in, three separate blocks Of
100000. 100000 and 100000, respectively,
changing hands during the day. Total
sales were s1,475,OOO.
United States fives were Il per cent
lower today (the registered exinteresO;
the twos were per cent higher, and the
old tours registered Il per cent higher
bid. Others were unchanged.
New tours registered eX-interest 119.
coupon 100; tours registered. 1OSl4. coupon
1897; twos registered IS; fves registered
ex-interest 1888, coupon III; Pacifcs of
SO 100,
FOREIGN STOCK MARKETS
London, April 15.-The stock exchange
opened today with disposition to await
New York advices. After great slackness
prices suddenly turned upward, on ru-
mors that the powers had interviewed in
the Cuban crisis. on the report that the
insurgents had agreed to an armistice
and owing TO the belief that President
Mckinley would secure a free hand,
which treasured the market.
New York, April 15.-The Evening Posts
London financial cablegram says:
A general improvement was apparent
today, and a more confident tone, both
in the money and stock markets. Delay
is believed 10 be favorable for peace
Spanish fours, the keynote 10 the market.
were 44i4 per cent, and closed at 4334 per
cent. Americans were better. although I
there Is little initiative 70 buy here The
close was quiet and dun. There was a
sharp rise in Argentines on Paris sup
port and on the belief that in the event OF
war that country would benefit by large /
wheat exports Gold was in good demand
Tor New York Nearly 400 90 pounds ,
is now on the way TO London chiefly from :
Africa, Japan. Egypt and Australia. Some
also is coming from Germany. The ten :
dency OF the London money market is
easier. the current rate being -2-ls per Z
cent, with American bills on forward de-
livery at SIS Per oenS'
barcelona, April l5.-SpaniSh fours are
quoted here az Is.
Berlin. April i5.-Business was quiet and :
prices were well maintained on the Boerce
today. Northern Pacifcs were harder and :
Mex!cans were easier on reaIizaC0ns. 9
Paris. April l5.-Tae Boerce vas aE.-
,ated TO-DAY. but business closed n better c
shape. Spanish fours al STs, were we'll
supported. They afterwards weakened
and at she close oc the day, recovered.
owing 70 the receipt ~ e dispatch from
Madrid saying The insurgents had decided
70 submit The fou-s closed az 80. e
net gain ~ "a from yesterdays closing :
orics 81 the street.
LOANS AND EXCHANGE