The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-04-20
No HOPES OF PEACE
Accordingly Spanish Fours
Drop Like a Shot.
AMERICANS HELD WELL
In Foreign Markets = Belief
in a Spanish Breakdown.
AMERICANS HELD WELL

New York, April 1s.-The early declines
in London seemed to Indicate a practical
abandonment Of hopes Of peace and Span
ism tours both in London and Paris
dropped 81 per cent. This weakness of
Spanish securities was especially democrat
izing on the Paris bourse. The support
accorded Americans in New York, after
the opening mere without change in senti-
ment in London, and also in Berlin, and
later dealings there witnessed a recovery
in Americans though the Spanish bonds
continued to drop. This tendency contin-
ued in London, even after the close of the
exchange, in the trading on the street.
II was tendency that gave color TO the
belief in certain circles in Wall street that
Spain is prepared TO reiinquish Cuba as a
last resort. The selling here for London
account was nevertheless sufficient 10 eff
feet declines all through the list. The
international stocks led in the trading,
and nearly all showed declines of a point
or upward. The bear traders were 10
some extent causing a slight rally from
the lowest. There was at no time heavy
pressure of liquidation. Dealings were
slightly larger than yesterday, and were
much better distributed, but the market
was sill very narrow and there was no
very big movement in prices. Operations
in the money market continue very much
restricted though there is no apparent
lack of money for call loans on the stock
exchange, loans being made at per cent.
The tone of the exchange. market was
rather firm, and there were no important
engagements of gold for import. Holders
OF money are inclined 10 await the decis-
ion of the government as to bond issue.
The demand from the interior for money
continues. The high rates at which time
loans and commercial paper are ruling
are having their effect in restricting bust
ness operations outside of speculative cir
cles. The dullness of speculation in secur-
tiles is doubtless due also in part to the
diversion Of active speculation into the
wheat and cotton markets.
The total sales of stocks today were
1850 shares.
BONDS
The market for railroad bonds continued
total sales were SS25, 900.
United States new fours declined = per
cent. and the fves coupon 4 per cent in
the bid price today. Others were IN
changed.
FOREIGN STOCK MARKETS.
New York, April 19.-The Evening Posts
London financial cablegram says:
The city is relinquishing all hopes of
peace between the United States and
Spain and considers that war can only be
averted by miracle Consequently there
was heavy tone in all the stock markets
today, especially for all Paris specialties.
the bourse there being demoralized by the
continued fall in Spanish tours, which
closed at the lowest, 81 per cent. Wonder
is expressed here that Americans hold
their own so well. Many were restrained
from selling too freely by the manner in
which New York was absorbing stock.
The close was comparatively steady. The
view is held in some quarters that the
outbreak of war will stop gold shipments
to New York because of the high insur-
ance premiums. Some well informed peo-
pie think otherwise. having regard to the
fact that shipments could ne made via
Canada Gold was in stronger demand
for New York today. The arrivals of Ger
man coin was large and more is coming.
as the result of the Bank of England 5
policy, outlined in these dispatches yes
terday.
Paris. April 1s.-Prices on the bourse to-
day were weak. Spanish tours leading the
decline. The joint action Of the United
States congress IS considered as excluding
a chance Of peace. The whole session was
agitated and all securities in the list fell
heavily.
Berlin. April 1e.-Business on the boerse
today commenced undecided, with prices
rather steady. Later they weakened on
me collapse Of Spanish fours on western
bourses, but closed steadier. American
securities were firm.
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