The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-03-23
CUBAN SCARE AGA|N
This Time it Proves to be a
Scare That ScareS.
NET LOSSES IN STOCKS
Of Two to Three Points,
Bonds DuIIer Than Stocks.

were not heavy II today's market, except
in a few stocks and internationally. But
the buying demand was al so low an ebb
that even the desuitory offerings which
were dribbled upon the market drove
prices downward almost continuously
The result is seen in net losses OF between
: and points in a great many OF The
standard railroad stocks and leading in
dustrIal specialties, and of over points
IN the local traction specialties. During
the morning session there were evidences
OF an attempt TO support prices in a few
stocks, due 10 the efforts Of a large on
orator recently returned 10 the street
Ihere was also extensive covering BY an
o'her d the largest operators in the street
VINO has recently been Z. persistent seller.
me slightest indication If a Sc in prices
tf"ught out such hs3vy offerings all
through the list that the half formed pur
pose apparent to md up prices for the
:'st or the day was a5alccned. Appar
envy the burst of dlina tiOl IN the final
hour was due 10 consiGe-lo'e sh7r. sell
lHS. a. there was teadency. to rally NJ
C. FeT-ng just before The ,l-se, Tut n.
rally was so feeble that the covering
movement was given over and prices fell
away 10 about the lowest at the close.
The great bulk of the dealings was in the
grangers, Union Pacific preferred, Sugar
and the local traction stocks The raul
road stocks were affected by the reports
OF the blizzard in the west. Sugar cor
tinued depressed on the belief that the
company was on the verge of a war for
SUPREMACY = h.
ton stocks were affected by the threaten
cd complications growing out of the Pre-
posed rapid transit project But. while
these special causes had an apprecia5le
influence, the shadow of the market was
the development Of the governments Gu
ban policy. in which all circles feel certain
crisis is now imminent. Evidently no
one wants to buy stocks until this ques-
ton is settled. Another feature Of the
day was a further announcement of gold
engaged for import and a concurrent cas-
ing off in exchange rates. II was felt
yesterday that the gold movement had
probably come to an end for the present,
and as this was believed TO be due to a
prospect of easier money rates, it was
looked upon with favor by the speculative
community. Accordingly % this reason
ing. the resumption today of the gold
movement might to regarded as an IN
favorable factor. though the further in
flux OF gold must be for easier money.
even though it is not ttE index that easy
conditions have already arrived.
The total sales of stocks today were
269, 900 shares.
BONDS.
The dullness in the bond market was
even more pronounced than that il
stocks, but the losses were comparatively
small, Total sales were 100000.
United States fives were = per cent
higher bid, the old fours coupon u per
cent higher. and the twos Y PEI cent low
er bid today.
FOREIGN STOCKS.
New York, March 22.-The Evening
Posts London financial cablegram says:
The stock markets here continued quiet
and dull today, the only feature being
the better tone on improved conditions
in the Paris bourse and the revival Of
French specialties, such as Rio Tinto cop
per and De Beers mines. Americans are
simply waiting on New York. They closed
weak. Brazils are better. The demand
for gold for New York is less keen. in
Cdinese loan is going fairly well here and
was apparently we'll received in Berlin.
where the subscription list was closed at
noon. The new Union Pacific shares car
ried over today for the special settle
ment on Thursday showed shortpess Of
the stock. much Of II having been taken
up. The differences 10 be met on Thurs
day are, however. enormous and assist
in the present stagnatio OF Americans
SPANISH FOURS.
Madrid, March 22.-Spanish foUrs weR
quoted on the bourse today at $50 against
&c 50. the closing price Of yesterday.
Paris March 22.-On the bOuTse Span
ish fours closed at s. Sic per cent. a net
loss Of u per cent from Yesterday.
Paris. March Z2.-Bourse prices were
firm throughout except IN the case OF
Spanish fours. which hesitated on uncer-
tain reports as 70 the outcome Of the in
quiry into the loss OF the United States
battleship Maine. Rio tintos hardened on
bull purchases and dividend reports
London. March 22.-Spanish fours on the
stock exchange today were quoted Al 545s
per cent The closing price yesterday
was 54at Per cent.
Berlin, March z3-Prices opened irTeg-
ular on the bourse today. but subsequent
" hardened. stimulated by the success of
the Chinese loan. American securities
were firm. operations being favorably i'm
pressed by the increase in the traffic re-
turns OF the Northern Pacific railroad
LOANS AND EXCHANGE
New York, March z-Hou< On cal,
Ii4d2 per cent: mercantile raper. E43S per
cent Sterling exchange steady. Tith ac--
ual business in bankers bills al G+s.a
4 s41t for demand and ~ 4sItsG - Sii4 for
sixty days Posted rates t4.szl8 and - ssd
I 81. Commercial bHLz s. ga - go.
silver certificates. 555sg5s. BaE silver. ~.
Mexican dollars, X
TREASURY STATEMENT.
washing.on. Ha-ch = o1ays state
nent OF the condition q the treasury
shows: Available cash balance g. u.s.
n: gold reserve. F.7i.7-- 50.