The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-04-15
SUGAR HOLDS FIRST
ACTIVITY CEETERs IN THE INDUS.
TRIAL GROUP.
London Lower for Americans But Local
Market strons-ConsoIing Features of
the Days Indications Range All the
Way From Crops TO Cuba-Interest In =
Revival of the Demand for vanderbiIts
Sugar Nets q Gain of a Polat-Small
Tempest in Tobacco-CIose at Slight
GaIns-Ronds Higher.

SaiLs-Honds Higher.
New York, April IA further mod
crate increaae was Noted today in the
stock market and there were iniica-
tons of commission house buying 10 a
moderate extent. Activity conferred IN
the industrials group, with Sugar hold
ing the first place. London came low
er for Americans but the local market
opened animated and strong. Trad
ing was affected by the considerations
that have recently been noted, the sea
sonable weather, ease Of money, weak
ness in exchange, more encOurag. ng
advices as 10 the crop outlook and =
belief that TO disturbing elements are
likely TO occur in the near future, re-
garding the Cuban question. Consider
able interest was attached 10 a display
Of strength in the so-called Vanderbilt
shares, as indicating a revival OF in
vestment demand for securities. The
market at the outset was quite active,
but the movement decreased later and
the afternoon operations were only mod
crate in extent. Trade reports denot-
ing the substantial position OF the Su-
gar Industry in persistent buying buy
ing OF the stock by the pool have caus-
ed considerable anxiety on the part OF
the shorts as the manipulatOrs appear
10 be able TO manipulate the price at
will. Sugar today rose / = per cent. 70
12S per cent, closing a net gain OF
point. Tobacco early lost sharp frac-
ton but at the extreme low point pur>
chasing orders came in and the stock
becoming apprehensive on account OF
the scarcity of the stock in the loan
crowd rushed 10 cover and caused raj
ly OF Pa per cent, 10 ss1z per cent. The
stock commanded a premium OF y per
cent for use by borrowers. nj the late
dealings the stock was hammered free
ly and yielded to 81 per cent on rumors
that an application had been made for
an injunction TO restrain the payment
of the scrip dividend. The books close
for this payment tomorrow. A sale OF
10000 shares OF the scrip was reported
today. Up 10 late hour no papers had
been served upon any Official OF the
American Tobacco company. Chicago
Gas made fractional progress upward
on the old argument of probable pend
ing dividend. The advancing tendency
in the general market was checked at
times by profit taking, but the depres-
railways as were active fiuctuated with
in narrow limits. aside from the Wander
bilt's. Michigan Central rose IN pes
cent, New York, Chicago and ST Louis
firsts preferred advanced 10 81 per cent
bid, but reacted 10 79 per cent bid at
the close. nj the final dealings general
realiZations caused fractional recessiOns
and impaired an easier tone TO the clos
ing. The net changes record Slight
gains as rule.
Railway bonds were active and higher
on wide distribution of business. The
dealings embraced a number of the
issues of the St. Paul railroad. The
more substantial gains were scored in
the usually inactive issues. Central
Washington firsts trust receipts jumped
III per cent, to 50 per cent, on the pros
pect of favorable treatment in the North
ern Pacific reorganizat Other no,
table gains were: st. Louis and San
Francisco trust fives, 81 per cent, and
Lincoln and Colorado firsts, IL per cent.
Seattle, Lake Shore and Eastern firsts
trust receipts sold up rs per cent, TO 80
per cent, and reacted TO SO per cent.
Seattle, Lake Shore and Eastern all
assessments paid touched 4052 per cent.
The sales were t2,047 900.
Governments were strong on sales OF
SIS, 900.
BANK CUEARINGS.
Chicago, ILL.,, April 14.-Money easy
at per cent on call. 6Q7 per cent on
time. New York exchange 20 cents
premium. Sterling posted rates $3.50
on demand; S4S9 on sixty days. Bank
clearings SIC, 279, 745.
Baltimore. Nd, April 14.-Clearings
s.. 675, $40; balances 1850, 6S4
ST. Louis, Mo, April 1i-Clearings
s4,0l6.sS7; balances ss6s. $50. Money 6qs
per cent.