The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-04-08

Of President McKinley's message to con-
gress. International and American securi-
! ties were harder, but they closed easier
! on the rise in the Bank of England's rate
of discount.
New York, April THE Evening Posts
London financial cablegram says:
The stock markets opened steady on the
better outlook Of the Spanish question.
Business, however, was neglected and
brokers left early for the Eastern holi-
days. While, in view of all the circum-
stances, Americans were better they were
left alone, and of course will not be traded
in during the intervenin holidays until
Tuesday morning. Spanish tours, which
closed last night at AZ. opened today at
5OA, and closed about 49,. Americans.
after a reaction at midday, closed nearly
at the best. The rise in the Bank Of Eng
lands rate is fully justified by the figures
of the weekly return.
Ordinarily, the first bank return for the
March quarter shows a large return Of
cash from circulation, but this tendency
is checked for the moment by the Easter
holiday demands for cash.
The return is the weakest for some
years. Details of the gold movement for
the week show the sale of IA. coo pounds
in eagles, the shipment Of 1875 900 sove~-
eigns to New York, $1,000 pounds to South
America and of $1,000 pounds to Canada,
and the receipt OF 5000 pounds from
Austria.
Following the rise IN the bank rate dis
count brokers raised deposit rates Dy u
per cent 20 Pr per cent for money at cal
and to % per cent for notice money 4
further large amount Of gold is going from
the bank today
Trade returns for March show incI eased
imports Of 2,750,000 pounds. nearly all due
10 increased receipts of feed stuffs. la geIy
from the United States. Eports decreased
100000 pounds.
LOANS AND EXCHANGE
New York, April 7-Money on call. PIG
per cent. Prime mercantile paper, sos
per cent. Sterling echause steady. til
actual business in bankers bills at $i.S3IzGD
4-S313 for demand and at Sl80I.lti SOY tnr
sixty days. Posted rates $.SgHIi S1.A anu
81 4ia. Commercial bills. $i.bO. Silver Ger
ti1cates, 56Q57 Bar silver, 5524457. Next
can dollars, 45c.
New York, April THE situation in the
money market is felt to be one fortified
against even a severe shock. Bank re-
serves all over the country have been
greatly strengthened. The gold resrve,
both Of the government and of the New
York banks is large, unprecedentedly so in
the case of the latter, and is constantly
growing. A large proportion of the lay
ments at the customs house are made IN
gold and the clearing house balances are
in great part settled in the same metal.
There IS no immediate prospect of Inter
national exchanges turning against the
United States, and until this occurs there
Will be gold imports to replenlsh the
money market. Today's advance IN the
Bank of England rate did not check the
engagements of gold, but served 10 shift
the demand somewhat from London to
Berlin. The rise in money in London le-
suited in rise in the Berlin and Paris
rate OF echangeonLondon
BONDS.
The bond market was almost wholly |
neglected, but prices were firm Total |
sales were 81, $50, 900.
United States new fours advanced l per |
cent, the old fours. registered, y per cent, |
and the fives L per cent in the bid prices !
.oday, and the twos declined p per cent. |
There were sales of the new tours, coupon, |
1t 12214 per cent, an advance of q per cent
]ver yesterdays sale price. Today's last /
price was 122 per cent. New tours, reg
stored, 121; coupon, 1874; fours. 1oS%;
l10l2; twos, 81; f1ves, registered,
liz; coupons. 1118; Pacific sizes of 80. 1G3.
GOLD FOR IMPORT.
New York, April brown Bros. q Co
lave taken s1,250,0OO In gold for import.
{essler & Co. have $3.50 600 engaged for i'm
'ort from London. Additional gold en-
Hoffman & Co. of S25O,OO0 and the National
'ity bank of $500, 600. the latter from Ber-
IN Mueller, Schall & Co. have 100000 on
he way from Cuba.