The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-02-15
EVERYTHING IS NEA
All Departments of the Stock
Market Affected.
BOND PRICES ARE LOWER
Boom in Americans in London
is Predicted.

New York, Feb. 1.-THE weakness OF
Stocks was pronounced today and perme-
ated every department of the market. The
decline was quite uniform in the gen
eral list and a few of the highly specu-
latIve specialties broke severely. There
was little to report in the way of buying
orders at any point and prices wen- OF
easily and rapidly. The market steadied
at intervals and rallied rather feebly, but
pronounced dullness followed every symp-
tom Of recovery. Few of the active stocks
have escaped net loss of point or more
and many prominent securities are over
points lower. The higher prices at the
opening were caused by the confidence
with which prices of Americans had been
Sustained on the London exchange during
Saturdays holiday in New York. This
confidence was still in evidence in London
Ibefore the opening here and the inteIna-
tional stocks showed sharp advances m
sympathy reaching nearly a point N the
case of Union Pacific. These advances
were of the most ephemeral character,
some of them being almost wiped out in
the running sales at the opening. This
was particularly the case with Union Pa.
STOCKS.
committees agreement with the govern
ment over the Kansas Pacific sale SEEM
cd 10 bring realization. The days move
meuL in Metropolitan Street Railway COW
cred q range of I41h points, the slump
from the high point to the lowest being
continuous and very violent, the prices
giving way several points at a time. There
was a quick rally of S1z points, but the
stock fiuctuated widely and closed a net
loss over points. Third Avenue was at
one time ga points above last Fridays
close and though it reacted sharply in
sympathy with Metropolitan Street Rail-
way it retained a substantial gain. Much
talk was heard Of the Cuban question
during the day, but there was no spe
cific development that offered new mo-
tive for selling. The bears took advant-
age of the over-bought condition of the
market. and the rather long-sustained
effort to support prices to make IN ag-
Gressive raid. The stock dislodged by I'M
covered margins induced quite a heavy
liquidation. The bears had no difficulty
in covering at the decline without any
marked rally in prices. Special weak
ness was shown by Northwest, Kansas
and Texas preferred. New York Central
and Pullman. The Rubber stocks and
Third Avenue were practically the only
prominent securities in the list to resist
the weakness.
The total sales of stocks today were
404, 900 shares.
BONDS.
The reactionary tendency in stocks af-
fected the bond list throughout, for the
first time since the recent advance was
checked. Prices of bonds did not yield a
once. some issues showing strength in
the early part of the day, but declines
were general before the close. Dealings
continued on a very heavy scale. Total
sales We're 81, $4,000.
United States new tours coupon were
Il per cent lower bid, and the registered
and the old tours registered were Is per
cnt lower bid. New tours registered. 12S3s;
coupon. PSF; tours, lib; coupon, I412; sec
onds. 100; fives registered and coupon,
1875; Pacific skies of 1899, 10i.
FOREIGN STOCKS.
New York, Feb 14.-The Evening Posts
London financial cablegram says:
The stock markets were quiet and
easier today but with an absence of bus
mess. Americans opened good, especially
Louisville and Nashville and Union Pa
cific but then gave way on New York
selling. and finally closed fat on reports
of an ultimatum from the United States
to Spain. This was not generally be
lieved and barring any political news I
must report a very favorable disposition
IN financial quarters here towards Amer
leans. Many, indeed are looking for
real boom. The general tendency to buy
Louisville and Nashville was led by firm
which recently secured large profits in
trust operations in Americans. Spanish
stocks were steady. Gold mas fallen sharp
~ to as 91ad The feeling grows that the
Chinese loan negotiations are still on, but
discretion prompts secrecy and TO a GER
tain extent restraints the press
LOANS AND EXCHANGE.
New York. Feb. 1.-Noon: Money on
cvan nominally 1G11R per cent. Prime
mercantile paper. 3d4 per cent. Sterling
exchange steady. with actual business in
bankers bills at $4.S59s for demand and at
S4SSd4S3lz for sixty days Posted rates.
S4.S4d4S6l2 Commercial bills. $4.S215 Sill
yer certificates. 58l7d572s. Bar silver, 5614.
Mexican dollars 4514.
TREASURY STATEMENT.
Washington Feb. H.-Today's statement
Of the condition of the treasury shows:
Available cash balance, S2lS, slO $780, gold
reserve. $165. 9l6. 64s
GRAIN AND PRODUCE MARKETS
The following official range of prices on
grain and provisions at Chicago is fur