The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-04-26
STOCK MARKET SAGGING
Declines Due to the Reaction From
Saturdays Advance.

New York, April 25.-The market for
securities was sluggish and almost stag
nant today Prices ruled below Satur-
days close, andw lille there was a brief
pause at one time during the morning
| in the downward course. due to strength
/ shown by one or two of the industrials.
| the sagging tendency Of the market was
practically uninterrupted. The trading
was narrow and professional and de-
/ clines really represented nothing more
! than a natural reaction from Saturday 5
( advance. The supply of stocks continued
very limited, owners apparently being
/ content to hold their property for higher
/ prices. Neither is there any very active
demand for stocks at the present level.
/ The consequence is that the movement OF
/ prices is rather narrow. There being no
genuine demand for stocks and no real
pressure of liquidation, prices naturally
! lose one day what they gain the day be-
fore or gain the next what they lose
today. There was some selling IN this
market today for London accolnt which
may have represented liquidation by tim
i'd foreign holders. There was some spec
ulative activity also. and quite a wide
movement OF prices in some OF the high
priced industrial specialties. Otherwise
the market was in the hands Of the room
traders. The waiting attitude Of traders
IS likely 10 continue until the occurrence
of some event gives a clear indication Of
the course or probable duration OF the
war with Spain.
The future Of the stock market is also
dependent largeup on the course OF thu
money market There was nothing in
today's development 70 indicate accu-
rstely what the course will be. There
Is some demand for currency from the
interior. Chicago exchange on New York
falling again today to discount The sub
treasury also issued a notice that II
would receive no further deposits On ae-
count O. shipments Of currency from
Washington or telecraphtc transfers 20
any point. The transfers Of this char
acte- today amounted 10 g no 20 and IN
Of the depletion Of the treasury's supply
az currency and good supply of god the
above notice was nadenecessary. There
was no change in the rates for time no
ney or commercial paper.although cal
money continued 70 - fairly vel SUD
piled New York apprehension was ex-
pressed Of stringsncy in the immediate
future
There was 4 sharp advance n ira for
eign exchange rates. demand sterling
bills rising = per cent. There IS 10 very
active demand for exchange. bu, thA
stocks which had accumulated in New
York had been largely worked 81 bv The
importation Of Eolra Tbs gold import
movement has FOR the moment eyiSsn,ly
ceased. though any zctived esaana for
money. x IS believed. would rouptiy
bring about SIS resumption
Total sales Of stocks today igIn
shares
The bo2a market vas very dun toSiay
and prices d-ifted 70 = lover iev4. To-
tai sales were IS osa.
United States rex f0urs advanced x
Per cent today. while The twos declined !
! per cent tho ed fours coupon \ Dar
oe1t and the cd fours registered I. pa-
ce2t e. the hsd p-tce.
FOREIGN STOCK MARKETS
New York April Freeing Pos,,s /
London financial czSisgrzm says;
Tia STOCK EA-ks-s asrs vs-s EssAy /