The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-03-17

Notable Causes OF Activity.
New York. March ls.-Iae share
esBscaSsseya-ftLs Suwo:H e g SC -
speculation was fairly active for sat
urday and generally strong tone. ssc
Improvement being mainly cue 10 par.
chaSeS for the short account although
there were some runners that room
traders were buying for rise Lon
don houses were again in the market
as sellers. chiefly OK 81. Paul. which.
however received strong local support
and gained II per cent on the day. The
market opened In good tone and while
there were declines on some shares
the trend OF the prices was mostly In
the direction OF higher figures. In the
late dealings there was some realizing
but the market closed fairly steady
at a pretty general advance ON the lay
OF isG& per cent Bay State Gas Is
down : per cent; Canada Pacific \
per cent, Sugar and Reading = Per cent
Great Northern preferred I per cent.
and few other shares a small frae-
ton.
The trading during the week has been
marked by increased & tivity but ar
the same time the SPECULATION has
been very Irregular. y cIcentc Of ex-
%Itll lnJtItSl nave OtRif
crowded into the six days. chief among
which were meetings OF the directors
or Manhattan. Western Union. StFau
and New York Central companies {,
act on dividend questions. In the
cases Of ST. Paul and New York Ger
trail the results We're in doubt and wet
loked for with anxiety. The street was
alive with rumors as TO the n ,tonS To
be taken. which In each case were fore
Swallowed correctly. so the official dec
larations had but little effect on the
market. the traders having as usual
discounted the future. The bear trad
ers were chary of eniarging the out
standing short interest. owing TO the
squeeze last week received from the
sugar clique Sugar took the lead I'm
point OF activity. the aggregate sales 81
the week reaching 80. 200 shares. The
efforts of the shorts 10 cover resulted ia
marking the stock from 991 per cent
TO i0lis per cent ex dividend. which is
equal to lo4is per cent dividend. an adj
vance Of 5Ts per cent. Insiders took
some OF the profits and this iiquidI-
ton resulted In a reaction TO 95sa per
cent. The strength OF cototn and hrain
markets. reports of improved crop
prospects. the formation OF a bitumin-
Gus coal pool and the prospects OF an
agreement being reached by the anthra-
cite coal roads were prominent factors
OF the improved speculative situation
New York Central was alternately
buoyed and depressed according TO the
tenor OF the reports as TO the probable
action on the dividend. the extreme
fluctuations before the announcement
Of the "a per cent reduction on being
95% per cent. s3iz per cent and e5+ per
cent. the stock breaking to S2As per cent
ex dividend and recovering TO s2A per
cent New England on good buying
moved up from 2sh per cent to sax Per
cent. losing but :. per cent OF the I'M
prOvement. There have been no devel-
opments in the stock and the move
nIent therein Ia therefore accredited
to purely speculative purchases Tho
roads Identified with the bituminous
coal trade have been actively ccait I'm
and have made considerable ~ prove
ment. owing 10 the successful efforts
10 bring about stability Of prices for
the product Hooking Valley was tbs
leader in the speculation of these shares
selling up 81. per cent. 20 ): per cent.
and retaining all but y per cent OF the
advance. The bonds OF the road have
also participated I'm the Improvement.
which Is regarded as an indication that
the upward tendency Is supported by
a strong following. New Jersey Gem
trail jumped from 81 per cent 10 SON
per cent on the outlook for action by the
coal interests The final
sales was y per cent below the TOP
price. Tobacco after an early gain
OF IL per cent lost 5n per cent on the
failure 10 publish the annual statement
by reason OF the absence OF "A quorum
at the annual meeting called for FRI
day. The stock closed per cent above
the lowest point touched
The bond market was active today.
the total sales being GS5 0oo. The deal
ings at times were irregular but the
closing trading WAS marked by conrid-
cradle strength IN the active issues