The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-26
War SCARE ALL GONE
Mondays Sellers Reappear
as Tuesdays Buyers.
CLOSE IS AT THE BEST
Bonds Show Increased
Activity and Strength.

New York, Jan. 25.-The timidity man
Tested by dealers in stocks yesterday,
because the warship Maine had been or
dered to Havana, was fully equaled by
the confidence with which traders bought
back their stocks today when the ship
had arrived in Havana. The most notable
feature of the days trading was in the
large volume of transactions for London
account. The number of shares bought
in New York for London was estimated
at from 10000 to $1,000 shares. Even with
this large demand to be filed prices were
not lifted at the opening fully to the
London parity. The sharp decline seemed
to have awakened a demand in London
for Americans a1.d early quotations from
donthere showed yesterdays decline here
largely recovered. The strength of the
Spanish fours in London also indicated
the absence Of apprehension of an en-
broilment between the United States and
Spain. London gave the tone to the days
market and sustained by the absorption
of free offerings of securities after the
opening. Foreign buying of securities
was sufficiently heavy to have a marked
effect on the exchange market, the actual
rate declining &c, with the demand for
bills very light London's large buying
Of securities, in fact, led to renewed talk
of early imports Of gold, and this talk
is given additional force by the showing
Of merchandise exports from New York
for the week which were over 81, 200 900
in excess of those Of last week, and over
So 900 greater than those in the cor
responding week of last year. IT was evil
dent that some Of the professional lead
ers who put out short contracts in yes
terday's Cuban scare refrained from COW
ering in the early transactions, in the be-
lief that the market would become easy
after London had ceased operating. The
belater short rushed to cover in the final
transactions and made the tcne buoyant
at the close, which found prices at the
best of the day for the standard stocks.
Yesterdays losses on the average have
been more than recovered.
The total sales Of stocks today were 1885,
900 shares.
BONDS.
The bond market showed increasing ac-
tivity and strength as the day progressed
and showed gains as a rule. Total sales
We're $3.3OO.OOO.
United States old four registered were
Il per cent lower bid, but the coupon and
the new tours were q per cent higher.
FOREIGN STOCKS.
New York, Jan. 25.-The Evening Posts
London financial cable says:
1.-The stock market here was idle, bust
ness being checked by the political news
and by settlement. Money rates at the
settlement were about as before. Con-
tangoes on Americans were to az per
cent The general tone was steady.
Grand Trunks and Canadian Pacif1cs had
the best market In Americans New York
Centrals were especially strong and above
New York, and the close was firm on
New York support. Argentine govern
ment stocks and rails were good. Copper
shares were easier. The money market
was distinctly harder. Supplies OF cash
are dwindling and the market has re-
commenced to borrow from the Bank Of
England"
LOANS AND EXCHANGE.
New York Jan. 25.-Money on call easy
115Q2 per cent; last loan ia per cent;
prime mercantile paper, 3q3A per cent
Sterling exchange weak with actual ousl-
ness in bankers bills at s4.S49s for de-
mand, and at S4.S214a% for sixty days.
posted rates, s.S3d12 and aS0lsG4.S6;
commercial bills S4.S2 Silevr certificates
5s15q57Ib cents; bar silver, 562s cents; Mex
lean dollars, 4424 cents.
TREASURY STATEMENT.
washington, Jan. 25.-Today's statement
of the condition of the treasury SHOWS:
Available cash balance, $24oll2'49O; goIo
reserve. 1853, 4SS, $50.