The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-03-27
PRICES SAL UPWARD
After a Rapid DownhiII Move
ment Early,
ABOVE FRIDAYS CLOSING
improvement ExtendS--Sp
iSh Fours Still Fall.

New York, March 26.-The authoritative
statement that the Maine board of in
quiry's report would be fully as grave as
predicted brought out a full attendance
on the stock exchange today. There were
animated groups about all the active
stocks when the market opened. The
feverishness of the foreign markets and
the fairy tale that Spain had declared
war, which was circulated about the ex-
change, gave momentum TO the down-hlI
movement. Fairly large margins were
| swept away and large concessions in val
| ues ensued on every considerable offer
! ing. Suga, Manhattan and Metropolitan
! Street Railway were hammered, and
slumped about 2 points. Other stocks
were sharply depressed. Gradually the
| market hardened on support given the
grangers and scaled buying Of the special
! ties A quarter of an hour after the open
ing the manifest intention of large in
| terests to sustain the list led traders to
cover enormous short lines and prices
bounded upward, the shorts frantically
bidding against each other. II seemed
likely that houses having vest interests
at stake had come to an agreement over
night to buy. On the bulge here London
was q large seller. After an hours trad
ing prices were we'll above yesterdays
close, which was generally at the best
pricec. The net improvements approXi-
mate two points in the grangers and ex-
coed one per cent in the leading interna-
tional favorites. The speclalties gained
from 1894 points with the maximum i'm
provement in Third Avenue. The trading
was on an enormous scale for a Saturday
the dealings for the short session exceed
ing recent full days totals.
The total sales Of stocks today were !
274,400 shares.
The bond market suffered in common |
with the stock market, but the conces- |
sions were less pronounced and business |
was largely curtailed.
Government bonds also exhibited ex-
IRENE weakness, with the losses extend
ing to points in the new fours Bonds
for the day: New fours registered, lis;
coupon, lis; fours, los; coupon, 10; sec
onds, 81; fves, registered, 110l2: coupon
l10h; Pacific skies of 49, 103
FOREIGN STOCK MARKETS.
Madrid. March 26.-Spanish tours closed
today at 71.35.
Barcelona. March 26-On the bourse to-
day Spanish fours were quoted at 1890.
The closing price yesterday was 400
I
bourse today closed at sou per cent,
against 5214 per cent, the closing price of
yesterday.
Berlin, March 26-Business on the bourse
today was very dull throughout, under
he influence of western weakness and the
more serious Hispano-AmeriCan aspect
New York, March 26.-The Evening :
Posts London financial caolegram says:
The stock markets here remained
Heavy and depressed today on the eve of
settlement, when big differences are again
o be met onsUls were fat, as also all
he speculative merkets. There was a
sharp drop of two points in Spanish fours.
The Cuban situation is still regarded more
'essimistically than the conditions in any
'ther quarter.
Politics today even affected the money
market, where the possibility that war
eween the United States and Spain
would accelerate gold movements from
ere TO New York is not lost sight Of
,oday 22o,O00 pounds in American gold
DIN was sold by the Bank of England.
nd over 100000 pounds from the Cape
-as also bought up for New York. Amer
,ans, after a severe fall IN the street on
n Unconfrmed rumor thac war had been
eclAred by Spain. recovered a dollar on
lew York support.
W Oh IlShS dI LlOyOS are SAID to be Still
sing, but 1 can not learn the actual
notation" 6
LOANS AND EXCHANGE.
New York. March 26.-Money on call
'eady at per cent; last loan. per cent;
rine mercantile paper. 4IsQ5lf per cent.
terling exchange steady with actual bus
less in bankers bills at s. 33ILlI4 SCI. for
emand and at 4.so7sG41 for sixty DAYS
sted rates, &6l1294- S21s and SLs4]sllf S55s. -
ommercial bills. s4S04; silver certificates y
q Q6s7s. Bar silver, 5512: Mexican dollars
q.
GOLD IMPORTS.
New York, March 25-The British Bank
North America has engaged $500 GEO
I'D for import
THE BANK STATEMENT. y
New York, March 26.-The weekly hank
atement shows the following changes:
oans, decrease S7,u0 500: surplus reserve. -
crease 1919 i25; specie. increase E18.3 7rO.
gal tenders, increase 81. SD. 90; deposits
crease $2526,900; circulation. decrease la
400. The banks now hold S33.S5J 475 in X,
cess Of the requirement of the . per \,
ut rule. 60
GRAIN AND PRnnITCE HTAp-Er