The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-03-15
STOCKS ARE STRONG
Active List Exhibits Two to
Three-Point Gains.
GOLD COMING IN PLENTY
Iribulations of the Spanish
FOurS Continue.

| New York, March 1.-THE stock and
Doho markets were strong throughout TO-
| day. Different opinions were offered az
70 the cause of this and probably all had
! some truth In them. That the excess 81
Duoyahcy was a surprise 10 many profess
! slonai traders, even TO those who expect
/ co some natural rebound from SATURDAYS
| excessive depression was evident. There
| was nothing in the news OF the day to
| Chdh5e materially the political outloog
| ana mat there were many holders of Sc
curities who continued nervous was evil
dent from the large offerings to realize
WAlcn met the sharp rise a. the opening.
put the reactions which resulted from
these offerings were more than overcome
even those stocks which showed the larg-
est gains a the opening rising again 10
the highest and those which had been less
affected at the opening rising in some
cases to point above the early high
prices. Prices of Americans were ad-
vanced in London before the opening here
This was more notable on account of the
acute depression of the Spanish govern
ment fours, which fell 212 per cent in Lon
don on Paris selling and showed an ex-
IRENE decline rs per cent in Paris. The
course of these bonds has been looked to
as true index of the diplomatic relations
between the United States and Spain. This
discrepancy might mean that capital looks
favorably upon the excellent financial and
industrial conditions in the United States
in spite of the danger of war, or ii might
mean that the acut financial distress of
the Spanish government detracts from the
values of its bonds in spite of the chance
of peace. II is not to be lost sight Of
that United States bonds on the local
market lost one-haf per cent in the bid
price in face of the strength Of all other
securities. 1t is possible, however, that
the stiffening of the money rate may have
accounted for this movement. Certain II
is that there was a very large covering
of short contracts which had been left
open for Sunday on the belief that some
new and dangerous development was i'm
minent in our relations with Spain. The
firmness of prices was sustained 10 the
close This was a demonstration that the
underlying strength Of business conditions
in the country would quickly bring about
a recovery of prices upon any relaxation
of the tension over the Cuban case
Gold continues TO be engaged ABROAD lot
import, today's announcements aggresat-
ing considerably over s., 10000. The fall
in Othe rate Of exchange on Paris and
Berlin and the relative steadiness of the
rate on London indicates where the press
ure for gold is being felt and there was
a. response in the stiffening of the money
rate in Paris and Berlin. Money is stun
moving to the interior from this point
and receipts of gold had no effect today
in easing the monay market. over Sl'oVo'-
600 will lbe withdrawn from the market to- |
morrow. and covered into the treasury. |
the second payment on account OF the /
Kansas Pacific sale. Nearly all active |
stocks are from to over 8 per cent higher !
as a result of the days trading.
The total sales of stocks today were 436-
500 shares.
BONDS.
Prices Of railroad bonds rose in sympa-
thy with stocks, but the overwhelming 1
proportion of the dealings was in the /
AtchisOn adjustments and the Union Pa
,ifc new tours Total sales 81 100000.
United States bonds were 4 per cent
ower bid, except the tours registered and
the twos, which were unchan.ed.
FOREIGN STOCK A~KETS.
Madrid, March l4.-Spanish tours here
-oday were quoted at $3.50 against 100, the
dosing price Saturday.
Paris March 14-Although business on
he bourse opened better today, the inces-
SAINT decline in Spanish tours weakened
securities all around. There were rumors
# forced sales. The opening was 554 5-16.
put soon dropped to 531s. Later the price
leclined TO 522. closing at that figure,
ret loss Of rs from Saturdays close.
New York. March 1.-THE Evening
POSTS financial cablegram says:
Americans continue unsettled and
everish. the chief depressing influence
odav being Paris. where the bourse was
by tire fall in Spanish secur-
ties and the Coulisse agitation. The Sc
ere slump in Americans in New York
N Saturday attracted the attention Of
,uyers here. and prices opened. $50 above
he New York Parity, New YORK respond
aC TO This latter. A further improvement
COX place, with considerable influential
,uylng for Germany, but the close was
ull in the street. kaffiJs. which have
,een dull the last few days, on Paris con-
itiors. closed panicky, on the news OF
he murder of Woolf joel. the existing |
ead of the firm Of Barnato Bros.