The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-03-24

New York, March 23.-The traders
had today's limited market entirely 10
themselves, the financial community at
large holding aloof on account OF vari-
Gus, uncertainties in the situation that
are likely, or are considered 10 be likely,
to unfavorably affect the market. The
London market for Americans was fiat
but at the local opening, sales for fer
eign account were resumed, and this
caused a disappearance Of the improve
ment that had been in progress at rhe
close OF business on Saturday. In the
early dealings, Sugar displayed eSpe-
cial strength and gained 1 per cent,
while in several other properties, sharp
fractional advances were recorded. The
foreign operations referred TO influenced
a general reactionary movement, IN
which some severe losses occurred. The
trading element expended some energy
on the bear side, using as text the un-
favorable commercial situation as re-
fected by the sharp discrimination in
mercantile paper, the Cuban discussion
at Washington and a stiffening tend
ency in the exchange market. The
granger stocks were especially affected
by the failure OF the quarterly dividend
| In the industrials, American Tobacco
received support from the pool, weak
ness in Chicago Gas was attributed TO
| the probable result of the Investigations
| by Attorney General Maloney or the
| details of the reorganization plan, ana
| General Electric was attacked, on gen
| eral principles, presumably. Pac0nc
Mail suffered from uncertainty regard
| ing the outcome OF the proposed sub
sidy negotiations. In the late dealings
the bear leaders made an effective drive
in various stocks. paying special atten-
ton TO the grangers, Louisville and
| Nashville, New Jersey Central, Kansas
| and Texas preferred and some of the in
| dustrial shares. Renewed liquidation
was discernible in Tennessee Coal and
resulted IN a concession 1&4 per cent As
is usual in a sluggish market, weak
spots were found in a number OF the
usually inactive shares. Selling by
! houses with Washington connections
was quite marked. The losses at the
low level were 162 points in the promi-
nent shares, with Burlington and New
Jersey Central the chief sufferers.
Among the less conspicuous shares, the
extreme decline was guaranteed in one
or two cases. The trading in the fore
| noon was apathetic but in the late ses-
sion the market became animated at
the expense of values. The pressure TO
sell abated in the last half-hour and a
movement by shorts, in which Tobacco
figured for a point and other shares 10
a fractional extent, occurred. The sell
ing was steady at the improvement
noted but with the net losses general as
a result Of the days operations.
Business in bonds was restricted and
the market developed heaviness IN SYM
pathy with The stocq speculation Kan
sas and Texas seconds declined per
cert Other net losses OF consequence
were in Chesapeake and Ohio Az s.
Northern Pacific firsts; Northern Pa
cific thirds; Union Pacific, Denver and
Gulf firsts; Cordage firsts trust receipts
and Kansas and Texas firsts, pei
cent. The aggregate dealings were
$773, 900.
Governments were irregular within q
narrow range on dealings of $4,000.
New York, March 23.-Evening Posts
London financial cablegram:
The stock markets were idle today
The settlement in mines befnS tomor'
row and the general settlement on Wed
nesday. Thetone was steady except foi
Americans, which have fallen on a
further rise in the gold premium there
and a renewal of the talk of the strain
ed relations with Chill on the frontiel
question. Americans were good, bu
merely rejecting New York advices
there is no initiative here Northern Ia
cific bonds were exceptionally nat
The Berlin market was quiet ou
steady, and the Paris market weak or
the aspect of Egyptian affairs.