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

Market Raies Heavy for the wcck-van.
dcrbilt Properties Hammered--Ral,y In
CoaIers--Bonds Quiet.
New York. March The stock market
was weak throughout the day except
for SUgar and Dist.iling and a few others
of the less active induStrtals. The weak
ness OF the London market for Anieri-
can securities and selling by foreign
houses had perhaps most 20 do With
the depression, but the advance in ster-
Ing exchange rates was also a prominent
factor. or the railway list. Louisviils
and Nashville vas tho heaviest. London
was the leader in the selling movement
and as the shares rccedcGe. stop orders
We're met. which helped the decline and
the break was not checked until de-
cline OF per cent had been made Tn,
closing price was only i per cent above
the lowest 81. Paul sold down ! per
cent. the last being the lowest price
touched. The purchase were mainly TO
cover short contracts. The other Gran
gers showed declines OF l. 10 7. Per cent.
The loss on the day in the rest CT the
railway group ranged from L per cent
downward. The industrial shares moved
iTregUiarly. Sugar WAS bought IN uo1er-
ate amounts To cover short contracts
and rose = Per cent with nnai ~
action of = per cent DistllinG was also
IN good demand. making q gain 81 ;. per
cent On buying by the anti-C.reenhut
Lead and Leather preferred each APP
pTectated I per cent. General Ecctric
WAS sold down I per cent by Boston
houses. reCainiug 4 DER cent IN tho nnal
trading: United States Cordage guaran-
teed broke per cent on the sale %
100 share lot. the common recedng = per
cent Tobacco IS down s per cent. Chi-
cago Gas \ per cent and Consolidated
Gas = per cent. The market closed gen
orally heavy
During the week as a rule the market
has been heavy. and the active Inst with
but few exceptions shows material loss
compared with The final quotations OF last
Saturday. At the opening of the week
the action Of the Canadian Pacific IN
passing the dividend on the common stock
led to a selling Of the shares hefN and
ia London and caused a drop Of 80 per
cent. 20 ~ per cent Subsequent cover
ing by the short interest brought tha
f gureS UP to 44as per cent. but there was
a later reaction and the final sale OF
the week records a net los OF e-s per
cent London was notable factor In
the weakness of speculation Twents-
nine shares touched tho tovscsT figures
reached since January 1. The Wander
biit properties were taken IN hand In turn
by the bear traders and hammered down
New York Central was the chief point
OF attack. Tho Gould stocks received
considerable attention which WAS rlost
marked in Missouri Pacific. the stock
cent. OF which only = per cent was re-
gained. The action OF the Chicago alder
men IN granting a charter TO new gas
corporation and the renewed hostility OF
Attorney General Maloney brought about
4 beartsh feeling In Chicago Gsas Louis
Vile and Nashville broke from IN per
cent 10 AZ. per cent. mainly On uQuida-
ton or foreign accounts. The coal shares
were depressed during the early trading
10 the extent OF ga per cent Ia Susaue-
hanna and Western preferred. lS per cent
a., a MI mar ant
in IRckawanna- The agreement of the
sales agents as 20 the March output
brought about q Subsequent rally and tbs
closing prices showed only fractional
changes on tho we-k. except for New
Jersey Central Tho declaration of a
dividend OF 1 per cent on United States
looked for, resulted In decline from a
per cent TO s. per cent. and the common
stock fell In sympathy from "a psr cent
10 per cent Tobacco was Solo az
per cent on Monday, but sales vers made
| in the closing dealings 1T SIN per cent.
The net gain ~ per cent baltimore ana
Ohio was sold down frot, 6-r- per cent
to 57Ts per cent. mainly on rumorr to u.
effect that the company would find IL
difficult 20 meet i,s March disbursement.
an Official denial OF the story resulted In
q recovery TO o. per cent. part OF which
was lost and the break on the week -
81 per cent The Granger shares were
under continuous pressure particularly
Northwest, which lost per cent raliytng
only x per cent. The net Declines In tho
rest OF the group ranged from - pee cent
| 10 10 per cent. the latter m St- Paul The
sales OF the week aggregated As.sCe
shares.
Tbe bond market today Was quiet srd
the majority OF the sales were at lower
/ figures. The total transactions were - ~ :
Co
During tho week the mariz~t was fun
/ and generally heavy and in the Inactive
mortgng eS there were come notable 20
c@>-sfons including. Oregon Navigation
collateral trust fvcs 70 per cent. Northern
paciNc collateral trust siIes. Z per cent.
ST Joseph and Grand Island frEt trust
receipts. per cent C0rfisFs nrsts al
vnncs.f a. uer cert The Gales Of the
week were t..ia2ps1 sales OF large
amounts az new government fotrr we're
made at fguree ranging from w. "a
1913. per cent. the final tTarssc ti0nE, DO
| ting at the latter figure.