The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-03-01
.GENIERED N LEADERS
Is the Activity and the Most
Notable Strength.
NET GAINS ARE LIBERAL
Gold in Strong Demand
Abroad for New York.

New York, Feb. 2S-Today's stock mar
ket was strong, but the activity was large
" conferred in the leading stocks, such as
Sugar, the grangers. Union Pacific prefer
red and few others. The most notable
strength was also shown in these stocks
The total sales showed considerable fall
ing off from the recent average and the
market lacked breadth. business being
poorly distributed London was seller
| of stocks here today, for the first time
in considerable period. The local mar
ket was as little affected by this move
ment as it was by London's persistent
| buying during the recent declines II a
| temporary heavinesS at the opening be
excepted. The fall in international stocks
! in the early dealings was sharp but was
for only a brief time. Added to the days
net gains the early weakness makes the
range of prices in the stocks affected very
considerable. Apprehension over the Gu
| ban question seemed to be in allegiance
! and the course of the market was contin-
ued upward after the opening, with the
! exception of a slight reaction after noon
and some yielding from the highest near
! the close on profit-taking. The noon re-
action was attributed TO disappointment
because the supreme court RETAINED from
handing down it's decision in the Nebraska
maximum freight rate case. The sentl-
nents of London and New York on the
Cuban question seemed to be completely
reversed for the recent disposition in Lon
don to look confidently for a peaceful So
luton gave way to depression today, the
! declines on Spanish fours both in Lon
don and Paris being particularly signif-
| cant. In London it was Is per cent, and
IN Paris 3-32 per cent. But ii is none the
less highly significant that the simultane
| GUS decline in stocks prices in London
and the raise in New York were accom-
panied by a stiffening of money rates in
London and a notably easier one in New
| York Call loans were made as low as
~ per cent here today, presumably in
response TO the gold shipments, s1.0O0, 900
additional being announced today. Ster-
! ling exchange failed TO be stiffened by
! the gold movement and demand bills fell
! to s4.s4. posted rates for long and short
! being marked down an additional i2c.
| Considerable additional shipments of gold
| are, under the circumstances, expected
later in the week There is talk also that
| efforts Will be made to have the remain
ing government deposits of the Union Pa
| cific money left in New York banks for the
present, although notice had been given
of the intention TO withdraw them in 10
per cent weekly installments. The amount
| OF these deposits still remaining in the
| New York banks is estimated at SIS, 600
| 600. The average debit balance of the sub
| treasury at the clearing house shows
| constantly diminishing tendency and to-
| days statement shows a small credit bal
ance. due TO the fact that the govern
ments obligations for the last few days
of February are very small The replen-
| ishment of the money market by gov
| la ~ i- ,nt, Ia-e ho,r
| than was the case few weeks ago. The
days net gains in active stocks range
up TO per cent and in few cases over
that. Sugar gained points.
The total sales of stocks today were
| 4S1, 900 shares.
BONDS.
| The bond market was not active today
and showed early depression, but recov-
cred in sympathy with the strength in
stocks. Total sales, s2,400,000.
United States fours registered declined
q per cent, the coupons IS per cent, and
the old tours and the fives Y per cent bid.
/ New fours registered, 1913; coupon. 1872;
tours registered, H. coupon, IL; twos. 90:
fives registered and coupon, H.; Pacific
skies Of SO. s1.0312.
FOREIGN STOCKS.
New York, Feb. 2S.-The Evening Posts
London financial cablegram says:
The stock markets here were heavy
and dull today, due not so much to the
later political news as TO the liquidation
of accounts by defaulting clients at the
settlement and to other forced closing of
accounts. A sharp fall in Spanish stocks
! was also an adverse feature. Americans
| opened dull and lifeless. There is little
business in them here, recent buyers
| awaiting developments in the United
absorbed vrh
stock offered, and the market consequent
! " closed steady to firm. Over 1000. 900
pounds due TO the Bank Of England to-
day was all renewed. and the market now
owes the bank probably over 100000
pounds Gold is in strong demand for
New York a rs CAD. There are particu-
larry no supplies here and 10000 pounds
has been arranged for shipment from
France. I am told on good authority that
some eagles may leave the Bank of En-
gland this week. I can not confirm it,
and do not expect It. Any heavy drain
might raise the bank rate"
Paris Feb. 2S.-Busiaess on the boerse
| today was dull. Spanish tours were weak,
being quoted at SO 9-32, against SOS on
Saturday.
Berlin. Feb. 2S.-Quiet and steady bust
ness prevailed on the bourse today. Nor
thern Pacihcs were easier and industrial
securities were stronger II consequence
OF the expectation that the principal par
ties in Germany will favor the navy bill.
LOANS AND EXCHANGE.
New York, Feb. &.-Money on call nom
inally at 2izG3 per cent; prime mercan-
tile paper. 3izG4 per cent; sterling ex-
| change. irregular, with actual business in
bankers bills at s4.S4lt for demand and al
s4-S2 for sixty days: posted rates. 81 S31.7
4S5l-a%.S6; bar silver, 55zs; Mexican dollars
asa.
COL DAND THE WAR SCARE
New York, Feb. 5S.-Lade1burz. Thai
man & Co. announced that they have en-
gagged $4,000 in gold for importation TO
this country. This is in addition 70 the
engagements Of 1920 90 announced last
week The National City bank has added
$500 90 in gold 20 the amount il has en-
gagged for Importation
London. Feb. $.-The Pail Mall Gazette
in It's financial article today says: The
deInan dior gold for the United States had
hardening influence on the money mar
ket. and the uncertainty 81 regard 70 the
Maine IS frightening away the support OF
! American stocks. But opinion. as a whole,
is adverse 20 any real danger OF war.
The weakness OF Spanish fogTs had & bad
influence