The Wichita daily eagle., 1895-04-21
BUOYANCY SETS IN
ACTIVE BUYING GIVES STOCKS A
SHARP RISE TO CLOSE on.
opening is Quiet and = shade Below FRI
days Close. With q Tendency to Still
Lower figures--Nany shares, Especially
the GranSers. Close at the Highest of
the Week--Week's Trading strong and
Active With Business well Distributed
and the Weeks Bond Business Is of Like
Nature--GovernmentB Bonds

New York. April so.-The stock market
opened quiet and shade below yester-
days closing prices and during the first
fifteen minutes the tendency of the active
list was in the direction of lower figures.
The specialties dealt in at this time Were
on the contrary quite strong and re-
corded advances. and gradually the en-
tire market gained strength. The volume
of business was small. Shortly before
the close active buying set in which re
suited in sharp rise, and speculation
closed decidedly buoyant in tone. Many
of the shares traded in were at the high
est OF the week in the final dealings, nota-
bly, the grangers which were in buying de-
mand and made gains on the day OF
l.n7s per cent. Sugar figured most prom
inently, moving within a range of "a per
cent and closing al yesterdays final
prices. Louisville, New Albany and Chi
cago sold up 2is per cent. The stock re-
acted "a per cent in the final dealings
Other advances on the day are: Balu-
more and Ohio. Baltimore and Ohio South
western preferred. Iowa Central, Norfoik
and Southern. oregon Improvement and
Cotton OIL preferred | per cent: Kansas
and Texas preferred. IL per cent: Norfolk
and Western preferred. Ia per cent. and
Consolidated Coal y. per cent A few
shares showed declines of isTSs per cent
The trading throughout the week has
been characterized by considerable
strength and animation with a very wide
distribution of business Speculation was
stimulated by the favorable reception ac-
corded 10 President Cleveland's views
on the financial question. by the strength
of wheat. cotton, oil and other staple
commodities. and by trade reports show
ing a revival of business throughout the
country generally. \ brisk inquiry came
from foreign centers. and commission
houses reported large increase of orders.
principally from the west. Losses made
in Baltimore and Ohio and General Elec-
trio were rapidly recovered and subSe-
quently both properties touched higher
figures than We're current before the
break RealiZations We're in evidence AT
periods. but the reactions caused thereby
were as a rule slight and full rallies
quickly followed. The highest prices OF
the year were touched in seventy-tive
stocks and from the low point touched
after January /. Leather preferred showed
a gain of 2las per cent; Sugar, 3hs per
cent; Manhattan, 15ia per cent. and To-
bacco. 15I4 per cent. The Improvement
in prices as result of the weeks trans
actions. ranges up to l2ie per cent. the
latter in Tennessee Coal and Iron pre-
ferred, the common moving up TO ga per
cent. Sugar led in point of activity and
was marked up 10 1Js per cent. mainly on
the resumption OF operations in the trcst
refnerieS The ready absorption or the
stock offered gave color TO the often re-
peated rumor that insiders We're incras-
ing their holdings. The final sales of the
week and the net gain - per cent. the
preferred making a similar Improvement.
Manhattan was notably strong and jump
ed from 1l2is per cent 10 1lS'e per cent.
These figures induced realization and the
price fell 10 III per cent Leather pre-
ferred began the week with "A gain OF
la per cent. Realizing sales sent the
figures down to 1iSs per cent. loss or .
per cent. Subsequently the stock again
touched 20 per cent. closing at TI4 per
cent ex-dividend Pullman was sold up
from I57 per cent to los per cent The
granger shares made substantial ad-
vances. The coalers show gains ranging
to Ia per cent, the latter New Jersey
Central.
Speculation in bonds was active but
erratic for the greater part OF the day.
Near the close however. there was a
general upward movement and the markt
closed strong. the sales being S,eli,cs.
The bond market during the week was
animated and strong and there were heavy
purchases OF all classes OF securities for
home and foreign investment accounts.
The dealings covered a wide range. -
issues being dealt in The more marked
appreciations are I'm the inactive bonds.
but the speculative issues also show ma
teriai gains.
Government bonds ruled fairly active
and higher. the feature being the sales
OF the new coupon fours at 19o7s per cent.
the highest price yet reached The total
sales We're sl2s.ooo.
The state issues were dull but generally
firm: sales of IS. .0cO Virginia Centuries.
5000 Virginia Centuries deferred skies
threes. and 81 so Alabama claiss 4. SiI-
yer certificates We're quiet and heavy with
transactions of 5000 from 61's per cent
10 81 per cent.