The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-04-30
.ONE IO THO POINTS
Measures the Advances in the
Active List.
GUNNERY IN THE NAVY
Is an important Factor in the
Upward Movement.


inaugurated yesterday was prosecuted
with aggressive vfgor in the stock mar
ket and prices were lifted from l TO 2
points nearly all through the active list.
The sharp advance did not bring out any
large amount Of offers TO realize, but there
was some proft-taking. apparently by
the small traders, in the late dealings,
which clipped off the extreme gains for
out the day. that any marked reaction in
prices Immediately led to a cessation Of
offerings and the market fell into Intense
| dullness. The rather hesitadng and IN
settled tone of Americans In London was
| ignored and prices were confidently ad-
vanced here from the opening. There was
no important opposition to the bull cam
paign and prices moved quite easily. the
supply of stocks continuing rather lin
tied. Tho volume of business showed a
further increase over yesterday, and fur
Their additions to the list of active stocks
The speculative leaders, which were
bought by the bull coteric, were followed
! by other stocks whose friends desired to
see them keep pace with the rest of che
markets. Their ewas no new developments
through the day beyond the confidence IN
the general situation. The declaration of
neutrality by Portugal may possibly have
| had some slight influence. But the main
! consideration was the satisfaction felt
over the excellent gunnery on the United
States ship at Matanzas and in pursuit OF
! prizes, and the ineffective efforts of the
| Spanish gwnners. The skill thus demon
| strated imparts a strong conviction as to
the superiority of the United States forces.
Early intelligence is also confidently ex-
| pected OF a naval victory over the Span
iards off the Philippines. The strength OF
| the market was quite general, but none
| Of the specialdes, notably Sugar, Man
haitian and Metropolitan Street Railway,
moved more orderly than the general list.
The grangers as usual led the railroad
| list.
Foreign exchange was lower, demand
sterling breaking sharply &c to $4.S4. The
discount rate in London also declined.
This led to renewed talk of gold imports
and the stiffening of the call loan rate
was further factor toward this end.
The abundant supply of money which has
been available for call loans has been
based, however, on the Discrimination of
lenders to put their funds into time loans
and commercial paper. Accommodations
in these departments are now more cas-
lily had, as the outlook is believed to favor
easier money conditions. This may lead
to the stiffening in the call loan rate, as
tending somewhat to equalize the charges
in the different departments of the money
market.
Total sales Of stocks were 297, 600 shares.
BONDS.
There is increased inquiry for railroad
bonds, with the promise of easier condi-
tons on the money market. Prices moved
upward today on an increased volume Of
business. Total sales $1,45O.O0O
Government bonds were strong. The new
tours coupon and the twos advanced
per cent, the fours registered and the old
tours registered y per cent. and the old
tours coupon and the fives coupon u per
cent in the bid price. There were sales Of
the new tours, both coupon and regis
tered, at an advance Of y per cent over
the last sale price. but the old tours reg
istered showed a decline of i per cent
on actual sales from the last price. New
fours 1175s, coupon 119; tours Jos; coupon
10Y; twos %; fives registered 1882. coupon
1101a; Pacific skies Of '99. 1O2lz.
New York. April 29.-It was officially
announced today that Wednesday. May l.
being a holiday (Charter day of Greater
New York;, the stock exchange Will be
closed on that day.
FOREIGN STOCK MARKETS.
Madrid, April 29.-Spanish tours closed
at $780, Gold was quoted at $500
Paris, April 29.-Business on the bourse
was undecided, but subsequently there
was a rally on repurchases and the re-
port from London that the impending fall
ure of large concern had been averted
and its affairs arranged. This stimulat-
ed firmness, which was maintained to the
close of the market, in spite of a few
realizations.
New York, April 29-The Evening
Posts London financial cablegram:
The stock markets here today were
good on the continued arrivals Of gold.
nearly 100000 pounds coming in today. 1
have reason 20 believe, however, that
not much more is to come from Germany
or France. There is yet a light American
for gold. Americans opened above the
New York parity and were a good market.
closing fraction below the best. Canada
Pacific and Grand Trunk were strong on
the growing expectation Of the end TO the
rate war soon. Kaffirs were better, and
show signs OF improving a little. The
Transvaal government wants a loan. and
II is said that neither Germany nor Eng
land Will negotiate until more concessions
have been granted. The IVES. Australian
market troubles continue and VIII not be
arranged until next week. There were
four failures today and more are expect
ed. "A statement Is expected soon rela-
tive TO the Indian currency commissI NJ
REvIE WOF THE WEEK.
New York. April 29.-Bradstreets FInan-
cial Review tomorrow Will say:
Speculative conditions this week have
been q disapp Ointment. both 20 those who
held that war was likely 20 cause further
serious depression tin stock prices and
those who look for the Immediate develop +
ment OF an active and excited 5uIisa
market. AS a matter Of fact, Wall street
has not seen such a dul. tame and wait
ing market in & long tine The public Is
out Of Il either as Investors or spscU1a-