The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-05-19
Everything Is DOWN
Bull Campaign in Stocks
Dwindles to Nothing,
IN FOREIGN MARKETS
British Statesmen's Speeches
Still in Evidence.

New York, May 1s.-The bull campaign
inaugurated yesterday on the stock mar
ket promised we'll during the first part u
the day. but st the close the advantage
gained earlier had all been lost and prices
as rule were lower than last night not
only IN the specisl,ies, whose weakness
stopped the advance, but in the standard
stocks and those which led the advance
as we'll At the opening the bull continS-
emf had 10 face q series OF declines I0E
Americans in London, but the tendency
Of the London market after It's opening
was up and the declines there were is-
nored. prices here opening higher all
along the line There was . fair volume
of orders to buy, which had come 70
commission houses over night as result
of the strength displayed yesterday. ana
there was no selling for London account
TO amount TO anything. The early sd-
yauce was continued with vigor and con-
fdence led by Peoples Gas and Rock
Island, which gained about III per cent.
The graugers all showed strength but
Rock Island, which crossed Burlington
temporarily yesterday and ruled aboVe
the latter stock all day today. The IN
settled tone OF Tobacco and the large
volume of transactions IN 1t gave the
first check 20 the advance. When very
heavy offerings OF Sugar were Joined to
those of Tobacco the bull campaign re-
ceived an efrectuaI check for the day and
was not renewed There was a conspicu-
Gus movement OF Rubber preferred on the
strength Of the good company business
at yesterdays meeting. Price rose at
one time Ia per cent. The weakness In
Tobacco became more pronounced as the
day progressed, the extreme decline IN
both stocks reaching to within small
fraction of points. This proved too
heavy a burden for the market to carry
and prices fell away IN a very dull mar
ket until near the close, when there was
animation on realizing. The stringent
measures adopted by the government to
stop the publication Of news Of naval OPP
erations has proved ef1cacious. and infor
nation seemed to be entirely lacking in
Wall street today. This tended TO beget
some feeling of nervousness and doubt,
which helped on the reaction. The money
market was quotably lower today and
sterling exchange 1zc higher all around,
but the easier money conditions had no
effect on speculation. The weakness of
wheat doubtless had some sympathetic
effect
Total sales OF stocks today 335, 100 shares
BONDS.
Bonds were dull all day and prices NOV
ed very narrowly but were well held in
the late reaction in the stock market.
Total sales were 81. 800, 900.
United States new tours coupon were
Il per cent lower in the bid price. Others
we're unchanged. There were less sales
of the old tours registered at 1OS5s. de
cline Of a per cent from the preceding
sales. New fours registered and coupon |
121& fours 1851; coupon 1O9l5; seconds %; /
fves registered and coupon 11Ots; Pacific |
skies og '99, 1O3.
New York, May 1s.-The Evening Posts |
London financial cablegram says;
There have been no more capital-scar- |
ing speeches, so the markets were better |
here today. AMERICANS and miners closed |
at about the best. Spanish tours were |
exceptionally fat, being sold from Ma |
drid Grand Trunk was booming on good |
traffic reports. Tinto copper was |
strong"
Madrid, May 1s-Spanish fours closed /
today at 59.65. Gold was quoted at SO.
London. May 1S.-Spanish fours closed /
at 32A net loss OF 4 per cent.
Paris, May 1&-Spanish fours closed q /
Sz1k. a net loss of y. Prices were firm 4
on the bourse today and advanced and |
receded on the announcement Of the for |
nation Of a new Spanish cabinet and /
the expression OF doubts as 10 the pay |
ment Of the next coupon OF the Spanish |
debt Towards the close Of the day prices /
excepting In the case OF Span
ish tours. which were dull.
Berlin, May IS-Firm prices prevailed |
on the bourse today. owing 70 the Mar |
quis OF SalIsbury's speech In the house |
Of lords yesterday. International and |
American securities were notably firm. |
and mining shares were particularly act
i've. Italian securities were in good de-
mand and responded TO the tone OF the
Paris market.
LOANS AND EXCHANGE.
New York. May 1s-Boney on call was
steady. at 10 and per cent: last loan
l u per cent: prime mercantile paper |
8 1-2 and per cent. Sterling exchang.
strong with actual business IN bankers
bills al s8SGG4ss - for demand and al
s4s3ais So Il FOR sixty DAYS. Posted rates
g. So II and 4s7- Commercial bills aSZ1h /
silver certificates s. IS and s. - Bar
silver 81 L. Mexican dollars = -
TREASURY STATEMENT.
Washington. May IS-Todays state
ment OF the condition % The treasury
shows: Available cash balance 20. l0.5li:
gold reserve Biz g-fe1s