The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-03-10
HEADED BY TOBACCO
TW0TFIRDS OF THE DEALINGS II
THE CONSOLING WED.

In Addition to the Regular-Thing Infiu-
ences are Reports of Discussions In the
Management, and the Senate Discussion
of the Cuban Ouestion-sman Opera
tions for the Foreign ACCOMPLISHMENT
cans Firmer in London - Decline in
Sugar and Advance in Baltimore and
Ohie-Close Strong at the Top-Bonds-
New York, March e.-The stock market
today was moderately active and ire
gularity characterized the dealings There
was hardly a trace Of commission business
and the distribution OF the trade was in
different. The industrial shares as
group exceeded the railway hist in point
Of activity with American Tobacco far II
the lead and figuring for over two-thirts
of the aggregate dealings. The influences
bearing upon the last mentioned speciality
were not new except that, in addition 10
the dissatisfaction over the protracjed war
with the outside manufacturers and the
anticipation Of an issue OF new preferred
stock 10 a considerable amount. il was
suggested that dissensions are now pre-
vail;ng in the management The prob
ability of these differences being fought
out in the stock market was also dis
cussed. The deliberations at Washington
the most important general factor bear
ing upon the values. The dealings for
foreign account were uninportant and the
local market was unresponSiVe 10 a nrmer
tone in American securities in London
In the forenoon operations almost general
weakness developed and some material
concessions in prices were reported. To-
bacco was decidedly erratic and de-
cline of Ia per cent to 717s per cent, &C.
CURED on manipulation. The same force
was responsible for a rally 10 1875 per cent.
but subsequently a reaction occurred 20
ia per cent on heavy realizing sales.
In the late dealin gs and extensive demand
from the shorts rushed the stock 10 1Sis
per cent, and il closed at an unimpOrt-
ant recession from that figure. The size
of the blocks of stock handled attracted
considerable attention. General Electric
advanced ~ per cent on fairly large trans
actions as result of the pool operations
but did not fully retain the improvement.
Manhattan yielded ? per cent, 10 1854
per cent, without particular eXplanati ton
aside from a theory of liquidation of spec
ulative holdings. About half Of the loss
was recovered in the closing dealings.
Apprehension regarding the safety Of an
overdue vessel belonging 10 the Pacific
Mail Steamship company was reflected IN
a break OF ~ per cent, which was SubSe-
quently fully made up. Further unfavOr-
able rumors oncerning the business of the
American Cotton Oil company caused de-
clineS of "a per cent in the common and
per cent IN the preferred STOCK ne
first mentioned rallied eventually near 10
the high point. The apathy which mark
ed the forenoon speculation was relieved
in the later dealings by slightly increased
activity and an improved tone, due TO the
belief indicated by Washington dispatches,
that action by the senate on the Cuban
question may be deferred until an impair
tial consideration can be had The de-
claratiO OF the regular dividends on
Sugar stocks was followed by a slight de-
oil d1ra fn a las hy holders "
pected an extra disbursement. Baltimore
and Ohio was the feature of the closing
dealings and improved to ITS per cent, a
rise of 3 per cent on heavy purchases,
chiefly by the shorts. The stock was in
active demand in the loan crowd and COM
manded per cent premium for use. The
gains in the general market were also sub
stantial and the purchasing movement
carried the list slightly above Saturday 5
final sales. The closing was strong at the
top level.
Trading in railway and miscellaneous
bonds was moderate in volume and ire
gularity in prices was noted. The North
ern Pacific issues were in demand and
| improved sharply on the increasing be-
| lief that strong interests are about 10 take
| prompt action toward he rehabilitation OF
the property. The other issues displayed
| but little feature and the fluctuations
were unimportant- The sales were l,2SO,-
| 600
Prices Of governments were shaded al
| the outset but closed steady. The trans
| actions aggregated $500.
The American Sugar Refining company
| has declared the regular dividend of Il.
| per cent on the preferred stock and
| per cent on the common stock.
| St. Louis, March 9.-Clearings, 81, E051S;
| balances, S49.Z74 Money 7HS per cent.
| New York exchange par bid, % cents
| premium asked.
Philadelphia, March 9.-Clearings, S,0S4.-
| 600; balances, 81, S59. $50
Baltimore. March 9.-Clearings, s., 015. 6S2;
| balances So coz