The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-02-15
.III|I!5!!1!:i3

convenient opportunity for Strengthening
out the large floating Indebtedness Of Eu-
rope 10 the United States on trade account:
and there is evidence that the foreign
bankers have used their influence 70 in
duce their clients 10 turn it 70 account
These uquidations. however, can hardly
have sufaced TO fully Offset what Europe
IS owing Us on open account; but they
have. for the present al least, averted re-
mittances OF gold 10 this country which
might have produced q serious stringency
in London and the continental money cen
ters- The long and short OF these transac-
tons. however, is that Europe is after a
pretty long postponement OF payment, set
ting for its food purchases from US by the
remittance Of its investments. and II is
more fortunate for them than for Us mat
they have been able TO do so upon such
favorable terms. We have the advantage
OF buying from our creditors a cOnsiderab be
amount OF our long obligations. but the
disadvantage Of paying q very high pre-
MUM on them. Il Is not easy 70 see what
Just occasion European critics can find for
discrediting our investments, when, after
keeping them a few years. they can realize
upon them al such handsome advances
This experience. however, may be expect
ed TO bring these lucky people into our
market again when a new turn IN affairs
puts down prices at New York
Notwithstanding that Europe has thus
hquidated nearly $1,000 go Of its floating
obligations 70 Us, there is probably q large
amount still Outstanding. After baIanc-
ing all items of the debtor and creditor
accounts between this and other coun-
tries, for the year 1898 there must have
been some $50 000. 600 remaining due 70 this
country. The bond and stock remittances
0 ffhe last six weeks have but half Iioui-
dated that balance; and. at that rate. there
should stiu remain q large sum payable TO
Us on demand in gold"
FOREIGN STOCK MARKET.
New York Feb. 1.-THE Commercial Ad-
veruser's London financial cablegram:
The markets here were very idle and dull
today. Paris sold heavily on unconhrmed
rumors Of riots there. Americans o.e->a
heavy on the blizzard IN America and the
New York money outlook. and prices
dwindled steadily all day There was lii
tie business and what there was had no
feature Coppers were feverish. Tgntos
touched 81 SIS and c-osed at IS. Anacon-
das were g s-16 and closed al 93-s. Utahs
were ? Il and closed at 9-1s. Bostons
ranged from 1916 to 27-s and closed at
I-l5- Spanish fours. 81 IA The bank
bought 134.o00 pounds gold in bars. The
nominal price IS rs lid. but the bank
bought as high as rs I'D
Berlin, Feb. Ion the bourse today in
ternationaI securities were firm. Spanish
tours were hard owing 10 the report Of the
intended increase Of Spanish revenues by
direct and Indirect taxation. American
securities fuctuaced and local stocks were
irregular.
ar-s. Feb 1A-On the bourse today inter-
national securities were firm in the early
part Of the session, being stimulated BY
the buoyancy Of Spanish fours. Later
however. numerous sales of Rio Ti1tos
caused decline The market rgeneralI.
was dull
NEW YORK STOCKS.
New York Stock Markets. furnished bv
c B Bennett Commission Co. SO East
Douglas avenue. Wichita Kansas. Local
and long distance telephone. 4s4: