The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-05-06
OPERATORS ALL Bulls
Outside Public Rushes in at
the Market Price.
SPANISH FOURS LOWER
SaIisbury's Speech is of
Worldwide Effect.
SPANISH TOURS LOWER


OF the outside public. manifested in their
disposition TO come into the market and
buy stocks In largo blocks at the mar
ket price. The professional operato tors
were made somewhat wary by the failure
OF the London market TO show any IN
dependent Interest In American securities
yesterday while Wall street was taking
| a holiday. The same elements were ap-
parentiy rather suspicious OF the ad-
vance in Londen before the opening Acre
this morning, and were disposed to at
tribute IL 10 manipulation from this side
Prices hero failed to respond at the open
Ing to the London advances and ruled be-
low the London parity for a considerable
time. Tho market was full OF outside
buying orders, and business was on a
large scale. but had q heavy burden OF
proft-takding sales TO carry. and the
small opening gains wee in large part
wiped out during che first hour The re-
action here failed to impair the conn
dence IN London, whsre Americans con
tinued very active and strong. The buy
ing here for arhitrags account was also
on very large scale In all the interua-
tonal stocks and turned the scale to the
Dull side. Large operators who had
taken profits on Tuesday and this morn
ing, impeiled by an apprehension that
the rtse was progressing too fast. felt "a
newed confidence on account Of the sup
port accorded to London and the outside !
public and turned buyers of stocks asain.
The market presented all the character /
istics Of the rampant bull spirit. From /
time to time the general strength was |
taken advantage OF FOR heavy proft-tak- |
Ing IN special stocks At other times.
when there was disposition for business
to ianguish, individual stocks were pushed 1
vigorously upward for the purpose Of
sustaining the general market Traders
we're busy seeking out obscure stocks
which had not yet felt the renewed i'm
petus to business, to lift their prices to
the higher level of the last few DAYS.
The large number Of small lots of stand
ard dividend-paying stocks was also a
conspicuous feature of the trading argu-
Ing the reawakened confidence of the in
vesting public and the greater ease in
the money market. where tho rates are
no longer so inviting for the employment
Of ready cash. Rock Island was the CEN
ter Of a large interest in the railroad list
on account OF It's excellent statement for
April and was Fitted 81 points 10 a parity
with 81. Paul. Sugar was furiously act
I've and very volatile all day, covering an
extreme range of Az points and gaining
S9s points net. Manhattan, West Chicago
Street Railway and Consolidated Gas are
over four points higher The large ma (
ority Of stocks traded in are at least !
! point higher and net gains range from
hat up 10 points. There was no special ]
development in the situation 10 account !
or the ouoyancy Of the market beyond !
he general conviction that SPANS capac- I
~ to carry on the war is nearly exhaust 7
ID and that the danger OF any serious ]
Impairment OF this country's prosperity 7
" reason Of the struggle is about passed. a
This confidence was felt also as 10 the 3
.blity OF the money market 20 easily T
meet all requirements of the government g
or war expenses. Lenders OF money |,
'ere consequently not so stin in their re-
uiremsnts and conditions were easier. n
! large number OF tariff returns gave {
cree TO the general confidence in the y
trength OF the business situation. a
Total sales Of stock today were l5- 4
% shares. c
BONDS. d
The bond markets shared the activity q
nd strength Of the stock market and q
lows higher prices all around. Total q
lies. S2,5s5ooo. L. S New fours. regis G
red advanced a; coupon. 4 in the bid :.
ice. Others were unchanged New fours ?
'gistered 12l; coupon, nlh: fours. los
upon, l0sls: seconds. IS. fves, registered e
nd coupon. 10; Pacific skies OF 20. f02z. o.
STANDARD OIL DIVIDEND. fir
New York, May 5-The llouldating tr7is- {.
es of the Standard oil company have L
'clared quarterly dividend OF 3 per te
mt on the corporate stocks in their v
inds. and an extra dividend Of per
mt. s.
FOREIGN STOCK MARKETS .,
New York May 5.-Evenfng Posts Lon =
n financial cablegram: -
The stock markets here opened dull
day. on Lord salisbury's speseh, but >,
'sed better. except consoIs and similar
lnsy. Argentine and Brszii stocks were %
: The default By the latter government r.
freely discussed Americans were good. BE-
sing AZ the best. They opened above a.
: New Tory parity ard that market W
Iponded 10 the rise here. Spanish er- ~
ange was nominal. al the lowest record. -
9 insurancs premium On stocks a. =.
'yd's on the possibilities OF war be- -
cen France and England has risen % l.
guineas. but !, Il mere betting Details 70
the gold movement for the week sno- De
purchase OF is43. 90 pounds IN bar gold
IN French. German. Russian ard ia D
sess coin ths receipts q 25oe9 pozz1s :
z Austria. OF $500 pounds from Aus X
oaf SO 20 from Germany. Of 1000 %
ints from Egypt and u 500 pounds =
u China. and tae sxDor; % :. 30 pounds
soEih America Thsrs we're .ndlca-
. today that rs preparation 70. nc -.
zess indemnify payment Ezs ssx.r.-
z 20 tel ard ths market bad 70 bar es-
from Ire bank -
0sdoa. Nay 5-s3znisA fou-z eassee a. Pa
. = &c; Iozs o: = hl=
arss. May 1-SSSzlsh fo-Ts ciose6 a. "a
lis ast loss e E-ls BssspsSs 40 ast
o. ne 5s1rse under tie azaesace y a.
.ec.l.e u Spanish f9u-z. lat later =
e zss a. lnsp.0v zasz; sr5 Ftl-ss 80
Cd aEEn- Spanish toUrs. Aswsyes. Nsnz
.Tlloa q ,hei- rsosvsrx. sraEsszz So
rs declined O. isqg.dsr.oa aiss .crrss -
Ez
-ls1, Mag ga ;as soerse ,o12Y sss- sss
; eS<1sS sczswAAs dsSEssse6. ewing "a