The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-05-10
DECLINE IS FURIOUS
Stock Market Is Demoralizet
BY Liquidation.
RAILWAY SHARES SUFFER
Record Clearing House Bal
anCes--CaII Money Strong.

New York. May 9-The stock marko;
today was demoralized by liquidation
both voluntary and forced. and values
melted away. with large interests aDpar-
entity apathet.c. Marginal accounts were
wiped out and nothing escaped the fari-
Gus decline The continuance Of bear
pressure disheartened many. and resulted
In shaking out many commission house
accounts. The marke, was devoid OF gen
eral news features, but local stocks re-
nected fear as to the probable effect Of
the Ford franchise tax bill, which vas the
genera. belief would be signed tomorrow
London purchased some $3.50 shares rem
der1ng an easier tone 20 ster-ing exchange
and acting as the maintaining factor In
the early dealings. Money on cali VAS
strong. ranging from ~ 20 9, the latter
being the quotation o. the last loan.
Standard shares were thrown over IA
some instances 70 rotect Specialties that
we're recedng at an Alarming rate TIE
forenoon show OF strength tempted re-
newal Of short pressure. and liquidation
which was pTactic ally continuous. Among
the weakest points were the -four
stocks" which had risen the most during
the long bull campaign. Brooklyn Tran
sit suffering net loss ~ 81. New York
Air Brake ~ and Peopie's Gas over
point. Other declines among che SPECIAL
ties were American Tobacco. &: sugar aGd
Steel Hoop gu; Metropolitan s. C1oan-
enta1 TOBACCO preferred 81. Marhatfan.
f,. National Staei and Cousolsda5sd Gas
2. The railways Suffered from ! - 3
points I9zs and rhera were 80 May
other weak spots that their e1umerat IN
would ba tedious. The bear faction 7aa
constantly on ire alert for ya'ns-ab.e
points and s'orless orders we're fFeaT tn
covered in some quarters tse F1pecrs-
ticr was entertained that the rovHruH7s1t
Gro report % b Issued tomorrow s916
show .ttIs Improvement in ere wfafar
wheat bes-. Clearing 59uss haianrea 60
dazy q IS ~ 80 we're to is-ReEt ree1-s.
and ne credit 6alarces = over - aflo a5
~ the hs-k watch managed ~ payment
- ;he sransh Indemnity. vas fEe iarE-
- eve- iiqaidstaa az fas r.fsrrE bose
---a rus,srsz sorry 8sa. as-snce - oTrg
gis8o1o &C. tas Iarges: Sfnee isse ~
raossrr ~ ems rrzrEef was wax 5zt
G-z. rlrez were wea a5ove re- 1owsss re
t-.si irarssc-sous Tor TIE 1ay hzvlnz be.z
es - shares
Tbe-e xsrs cztts 3 ~ lfFzez = fhs
b918 n1srket whfrh iru9Tea ere S9zn-
wsTs tsz5enrr - the sz-us r5e-flts.3-ss
r1o-tzaEes vAoss i-zsez t0wrvsF. ~ =of
exceed f-ac.lnsal Freror-lezs- T2;al SAFES
2 -Eas9 5rfsss ststna Ts fhe - rsi
aaf re fs ssgances = r. faa - F-e~
%er York Ney s-Tae cegn-asrrla1- A.
Ferttesr's r11n1eu 1aaursst 1assrx-an
Tas s5r ne Last dzg - ere aree=af
hers wsfa re rsratssn-1zr ae@eg1s 81
,oEssz bg1snesz WHs Can ard ~ so1e
i-r@x11zr Rsrerss after hsars ss-e faF-
sraas.e. The 6sve sazaeass 81 Pretoria
arasaees = astsg~ faae urzsss oues-
- 81 ard assk ths aas asaE L-ars-
srzas SHARES zere sa4xss a. tse sxfseta-
ftaz - 3 -aT %eE TaTk epsre1 assE.
tssn boaxss Tse strsst ssss4 ~ ~
asrs ;soarh 'here wfre .esses On BAD
arcs. Elsver eseased strs-s a. = 7-lE Tbs
LAX ss@xhf Esz.os ga = szvn~