The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-03-15
PRICES ARE HIGHER
MARKET TENDS UPWARD AND
closes IN GOOD TONE
foreign Selling Orders Offset in Their Eff
sugar Clique Arouse Suspicion Re-
garding Their Intentions and the Bears
Squeeze Two and Three-Ouarters Per
Cent Out of the Frice--General List
Strong in the Main--Bonds Strong and
Lively--Large Sales.

New York, March 1.-THE general
trend OF speculation on the stock ex-
change today was in the direction o.
higher prices and the great majority OF
shares dealt in showed an advance at
the close OF business of 1S9S per cent,
comapred with the final sales of yes
terday. There were foreign selling or
ders in the board at the opening but
there was also buying for the London
account and this together with pur-
chases by the local traders served 10
sustain the market Sugar opened AZ
100 per cent ex dividend OF > per cent,
a gain of 4 per cent, and made furth-
er advance Of IL per cent, the high
point being reached about o'clock
Around 1910 there had been good Offer
ings of the stock and suspicion was
aroused that the bull clique We're liqui-
dating part of their holdings with the
view of realizing some of the profits OF
the late heavy rise. This induced
liquidating on the part of outside hold
ers and led TO a bear demonstration
against the trust which broke the
shares 2si per cent, to 9SS4 per cent. In
the last quarter of an hour the buying
movement was renewed and resulted
in a rally Is per cent followed by re-
action OF a per cent. making a decline
OF 3 per cent on the day. The coal
stocks were favorably affected by re-
ports to the effect that the existing
differences between the companies were
in fair way to be arranged within a
short time. Purchases of New Jersey
Central were notably heavy and the
shares advanced rs per cent TO 6sfs
per cent, reacting l per cent. raaiyinS
IS per cent, receding 3. per cent and
closing at a recovery OF = per cent, the
gain on the day being Is per cent.
Deleware and Lackawanna advanced
pa per cent and closed at the highest.
Delaware and Hudson rose rs per cent
and held all but u per cent OF the inn
provement. General Electric was ac-
lively traded in, fiunctuatinS between
29& per cent and 2S24 per cent and clos
ing midway between these figures at
loss of q per cent on the day. There
was not much trading in the grangers
outside of St. Paul, which was sold By
the arbitrage houses in the morning
but gave way a per cent, being sus-
tanned by purchases by the traders on
the belief that a l per cent dividend
would be declared. During the after
noon the stock moved up X per cent
bat reacted Is per cent, making a net
loss of Il per cent. The movement in
the other stocks of this group was mar
row. The general list was in the main
strong during the afternoon except
that there was a sympathetic reaction
with the decline of Sugar after delivery
hour. In the final dealings. however.
the market lost its heaviness and
closed in fairly good tone. the principal
gains on the day being: Great North
ern preferred 3 per cent; Wheeling and
Lake Erie preferred 2@s per cent; New
England les per cent, Baltimore and
Ohio Ia per cent: Consolidate Gas Us
per cent. and Pullman, Illinois Central
Leather preferred, Lead preferred and
Mexican Central ! per cent. Declines
were established of IL per cent in
American Express and 2Iz per cent in
Michigan Peninsular company prefer
red.
The trading i'm bonds during the day
was marked by considerable animation
and strength The AtchiSon and Kan
SaS and Texas issues were again the
leaders in activity and the aggregate
sales were $9S3.000, of which s52S. $40
We're Atchison tours. The sales for the
day footed up $l.S07 600 an unusually
large record. The principal advances
are: Omaha and st. Louis first trust
receipts Al per cent; Ohio Southern
tours and ST. Paul, Hudson and Dele
ware sevens, > per cent. Declines: St
Joseph and Grand Island firsts per
cent; ST. Paul, Indiana and Dayton ex-
tension 3 per cent; Toledo, Ann Arbor
first trust receipts 21s per cent.