The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-05-13
VIGOROUS BEAR RAID
lakes the Edge Off Stock
Values to Close on.
MARKET RATHER ERRATlC
Strength Shown by Pacifcs
and Changers.
MARKET RATHER ERRATlC

New York, May 12.-The bulls'had the
better of the speculative contest today
but the edge was taken off the rise in the
last few minutes of trading by a.vigorous
bear raid. The continued purchases for
London account and the lack Of strain in
either the money or sterling exchanges
were features OF confidence. Moreover, It
was announced that the final 5000 go war
rant, in connection with the Spanish in
demnity would be deposited on Monday in
local bank. which announced that all the
needed exchange had been secured. and
this was favorably interpreted as 10 its
probable effect on sterling exchange. The
known movements of money. although Of
ten misleading. were thought to forecast
a favorable bank statement, as there had
been but few known industrial consolida-
tons financed. AT times the stock market
was very erratic. There was first a recess
sion from the opening high level andthen
a gradual recovery until near the close.
Sugar moved over a radius of nearly ten
points and closed with rise of 6; Brook
lyu Transit lost nearly a point net but
closed nearly 2 points above the figure
reached in the raid. American Tobacco
lost nearly 3 points. after dip of twice
as much. Metropolitan dropped to 2lS$4,
jumped points and left of with a gain Of
over 2 points The iron and steel shares
were rather weak, as were the eoalers.
but the Pacifics and grangers were strong
~
general in the list.
The total sales of stocks today amounted
to 62s, $50 shares. including: American
Hoop, 9,4O0; American Steel and Wire, IS
600; American Sugar, los. 900; American To-
bacco, 81. 800; Anaconda, 1000; Atchison,
10000; Atchison preferred, @, 500; Baltimore
and Ohio, II, 100: Baltimore and Ohio pre-
ferred. $780, Brooklyn Transit, 10000:
Central Pacific, $500; Chicago, Burlington
and Quincy rights, $500: Chicago. Burling-
ton and Quincy. 1890; Chicago Consoiida-
ted Traction, 400; Chicago Great West
ern. 800: Consolidated Tobacco. 1900;
Consolidated Tobacco preferred. 400; Fed
eral Steel, 5000; Federal Steel preferred,
400; Louisville and Nashville, 10000; Man
haitian Consolidated, 27,3O0; Metropolitan
Street Railway, 600: Mexican Central.
$500; Missouri Pacific. 1900; National Steel,
$500: New York Central, $500; Northern
Pacific, 500; Pacific Mail, $500; Peoples
Gas, 14.S0Ot Reading first preferred. 1890;
Reading second preferred, 400; Rock Is
land, 720O St. Paul, 2O,900; Southern Rail
way preferred, $500; Tennessee Coal and
Iron, 400; Union Pacific. 900: Union Pa
cifc preferred, 400; Western Union, 5000.
Immense blocks of high-grade mort
cages were taken today at improved prices
and the strength Of these issues exercised
a stimulating effect on the speculative
liens Considerable activity was noted.
The market generally improved. Total
sales A.5300OO. United States As and the
old As coupon advanced IA, and old &C
registered and the IS. is in the bid price.
New York. May 12.-The payment Of
the last instalment OF 100000 OF the
$50. 900 600 to Spain will be made to the
National City bank on Monday next. The
bank announces that all the exchange nee
essary for the transfer of this money has
already been provided.
New York, May i2.-The steamer Eutru-
ria sailing tomorrow will take $4,000 ounces
OF silver for Europe.