The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-03-05
STOCKS SHOW LOSSES
Of One to Three Points, on
Very Small Business.
BONDS ARE IN SYMPATHY
Uneasy Feeling Over Cuba
Liberal Gold Imports.

New York. March 4-Prices of stocks
show losses from I 10 8 per cent today on
a very small business. The market was
quite inanimate at times and what bust
ness there was was concentrated in a
fe~ leading stocks. All of these showed
weakness but the downward course was
pursued in very desultory manner, I'M
til the final hour. when the bears made
determined drive. They broke the price Of
Reading first preferred ! points, and car
ried the general list TO the lowest of the
DAY but covering in special stocks induced
some sharp rallies. notably in Reading
first preferred, New York Central and
Metropolitan street Railway. Higher
quotations from London lifted the level
of prices at the opening but the fall was
practically uninterrupted afterwards. Eff
forts 10 rally the market were feeble and
unsuccessful. Sugar was under consid-
cradle pressure but showed good resist
ance. Union Pacific preferred was de-
pressed all DAY and closed points lower.
New York Central fell at one time over
points, but rallied 1-2 points in the final
dealings. The local traction stocks were
sufferers after the opening, the extreme
decline in Metropolitan Street Railway
reaching nearly 6 points. The grangers
also figured largely in the selling. A
large part Of this selling was known to be
for Washington account and inquiry was
very keen for news to account for it.
Significant news was scarce and in its abb
sence numerous rumors were set afloat,
one to the effect that purchases of war
ships abroad had been made by the Unit
ed States government. The renewed de-
preston of Spanish securities abroad and
the news of the purchase of two warships
by the Spanish government helped on the
feeling of uneasiness over the Cuban
question. Notwithstanding the hardness
of the London money rate and the tend
ency to reaction in the local requirements
foreign exchange went lower again today
demand sterling falling to s4a1-S. Near
ly all the g. 500 600 in gold which will start
for New York tomorrow, comes from Par
is, and no small part of it is said TO rep
resent French payment for American Sc
curities bought in London during the re-
cent disturbances in Paris. The weakness
in exhange is due to the continued press
ure Of grain bills sold against the ship
ments of the Chicago wheat pool.
The total sales of stocks today were
301, 800 shares.
BONDS.
The bond market was listless and heavy
today in sympathy with stocks. Total
sales 81, 625, 900.
United States new tours and the old
.
today.
FOREIGN STOCKS.
New York, March 4--The Evening Posts
London financial cablegram says:
THE stock markets here were idle today
except for Grand Trunks and Americans.
The tendency of first-class stocks is either
to remain idle or depressed, partly in con-
nection with the forthcoming China and
other loan operations. The buying OF
Grand Trunks was large and influential
partly by a Montreal clique. Americans
were ftful and closed dull. The general
tendency here is TO suspend dealing in
Americans until there is a more distinct
lead from New York. Gold is in revived
demand for America at rs 10d, though ap-
parently shipments do not pay. No gold
<. A
Paris on Saturday. The Paris bourse
opened steady, but closed distinctly fiat
1t is reported that the finance ministers
are 10 introduce a bill to further tax
boerse transactions; also a measure which
will interfere considerably with Coulisse
dealings. The Berlin market was steady.
SPANISH FOURS LOWER.
Paris. March 4--Spanish foJ-s on the
boerse today was quoted at 90 17-32d. The
same securities yesterday were quoted at
5374d at the close of the market.
Berlin, March discount was harder
today and tenders were cautious, owing TO
the tightness of the London money mar
ket American securities on the bourse
especially Canadian Pacific were firm on
satisfactory returns. international secur-
ites were firm and bank shares hardened
in anticipation OF the forthcoming loan
issues.
GOLD IMPORTS.
New York, March 4.-Heidelbach. Ickle-
heimer & Co. announced today that they
had engaged $4,000 in gold for export
from Paris tomorrow. Tomorrow's gold
shipments from Paris will also include
81. 300 600 10 Lazard Freres and $4,000 70
Won Hoffman & Co. Further shipments
for tomorrow are expected both from
Paris and London. The greater part
Of the gold coming from Paris Is sup
posed 10 be japanese yen, the now sold
coin Of Japan. Kuhn, Loebe & Co have
altogether 100000 il gold that will be
shipped tomorrow both from London and
Paris The total on the movement thus
far Is s5.5p0,eo0.
LOANS AND EXCHANGE.
New York. March Mooney on call