The Wichita daily eagle., 1895-03-24
PROFITS ARE TAKEN
HEAVY LIQUIDATION SALES ON The
STOCK EXCHANGE
Early Selling Movement Due to Weakness
of American Securities in London
Bears Touch the Market Gingerly--
Later Recovery Grows in Force with
Strong Buying. Landing Prices at the
Highest for the Week. Closing in Buoy
ant Tone--Market for the Week Consid-
erabiy Strong and Animated.
erabiy Strong and Animated.

New York. March "a weak Lon
don market for American securities
causing a selling movement in the stock
exchange this morning which sent the
general list down fraction. the de-
preston lasted for about an hour. dur
ing which time a large number Of
shares changed hands. The bear eie-
ment was cautious nj its dealings and
not disposed to put out very long lines
over Sunday so the greater part OF
the sales were in liquidation Of long
accounts for the purpose of taking
profits. Later the recovery set in
which grew in fcore under very strong
buying, the market closed buoyant in
tone at about the highest price OF the
week. The gains made on yesterdays
final sales were: Missouri Pacific 2-s
per cent;New Jersey Central 2l4 per CT;
Central Electric per cent: Norris and
Essex and Delaware. Lackawana and
Western Ia per cent: Delaware and
Hudson 1@s per cent; Pacific Mail and
Lead 1 per cent; ST. Paul, Minneapolis
and Minnesota fs per cent and the rest
of the list kIzt per cent, except Pitts
burg and Western preferred. which
shows a loss of per cent. and a few
other shares which are down small
fraction.
The market during the week display
ed considerable strength and animation
Among the moving influences of the i'm
provement was a general belief in the
early settlement Of the dissensiOns
among the anthracite coal carrying
companies. London buying and 1.-THE
receiving Of short contracts, coupled
with an active demand from the COM
mission has materially assisted and the
highest prices of the year were touched
in the Changers, General Electric, Dis
tilling, New England, New Jersey Cen
tial, Atchison, Manhattan. Leather
preferred, Southern common. Hooking
Valley, Western Union, Cottonseed
Oil, Kansas and Texas Wheeling and
Erie and Lead preferred. The advance
in these shares over the low prices of
the quarter ranged from 14 per cent in
Atchison to 5Ia per cent in New Jersey
Central The closing was at the best
Of the week. Distilling was heavily
traded in throughout and exhibited
marked strength, being bought heavi-
ly by interests connected with the reor-
ganization Of the company. The clos
ing sale was within Is per cent of the
best price made. The announcement
of meeting of the coal carrying roads
alarmed the bear traders and in their
haste to cover. New Jersey Central
was advanced from S91s per cent to 81
per cent, the final sale being within *
per cent Of the top figure. The other
anthracite coal shares and also the BIZ
luminous coal stocks made material
advances. The principal gains on the
week are: Toledo and Ohio Central
preferred, Chicago and Eastern Illinois
preferred, and oregon Improvement
preferred AZ per cent; Oregon Improve
ment common 25s per cent; Wheeling
a,,I T,I- -Y~ix
Missouri Pacific S7s per cent; Louisville
and Nashville SIS per cent and New
York elevated 25s per cent; Big -Four
preferred IA per cent; St. Paul Mime
apolis and Minnesota, Pullman and
Evansville and Terre Haute 3 per cent;
Hooking Coal pa per cent; Burlington
and Reading 23s per cent; Illinois Cen
trail 212 per cent; Louisville and New
Albany preferred. Delaware and Hud-
son, Alton and Terre Haute and Cotton F!
seed Oil preferred pa per cent, and (
Rock Island and Denver and Rio /
Grande preferred 212 per cent; Susque- !
hanna and Western preferred shows q 1
loss of per cent.
Speculation in bonds was animated |
today, the sales asgregating sl,06i. 900. |
Higher prices were established as a rule I
the only decline OF more than a frac- /
ton being l per cent in Wisconsin Cen /
tral firsts.
The railway and miscellaneous bond 1
market was unusually active and /
strong during the week and foreign
houses were purchasers Of large blocks 4
Of the international securities. There /.
was a fair inquiry for government is /
sues. The new fours coupons Were \
traded in at 120k per cent which is the
Silver certificates were active. s6s. 900 i
changing hands at 6315N6i.