The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-03-20

4
ate Being Notable.
New York, March 19The volume OF
business today in stocks was about on
level with that OF Wednesday. The
trading was, for the most uart, OF the
usual professional character, although
some selling by commission houses was
reported. The course Of trade was ir-
regular and the movements reflected in
very slight degree the limited news
that might be considered 10 exert a
legitimate bearing upon values. The
initial prices Were irregular, with the
internationally listed stocks generally
showing improvement. The coatribu-
tory influence was higher prices for
American stocks in London and buying
Tor that account in this market, chiefly
TO cover shorts. st. Paul was the lead
er in point of advance. Representative
foreign houses were favorably impress
ed by the news of the less strained po-
lltical relations Of the powers. and es-
pecially England and France, regard
ing the proposed British advance into
the Soudan. The early gains noted were
fractional and Were soon offset by the
appearance OF weakness in several
stocks and by revived rumors of prompt
action by the senate on the Cuban
question. Free selling by influential
houses having Washington connections
was noted, and this encouraged ag-
gressive action by the professional
dealers. Some OF the recognized bear
leaders were active and their opera
tons were based on the unfavorable
mercantile situation. Stress was also
laid upon the reported unsatisfactory
condition of the iron industry, while
some of the anthracite coal properties
were attacked on rumors OF unfavora-
bic temporary results as to gross earn
ings arising from the present policy of
rigid restrictions of the anthracite coal
output. Wheeling and Lake Erie pre-
ferred again attracted attention by a
loss Of 3 per cent. No explanation for
the continued weakness on this special
" had been obtained up TO the close OF
business. As a matter OF fact IL had
been considered that the progress made
in the arrangements for the proposed
soft coal pool constituted a bull arg1-
ment on the property. AS is well
known, however, the stock is controlled
by strong clique. Tennessee Coal and
Iron gave way 2 per cent with a final
recovery of one-half of the loss. The
eccentric tone OF prices in industrials
was strictly followed, with Tobacco
still in the lead in extent TRADING
though its record OF business was only
about one-third as great as in the previ-
Gus days business. The net change in
its prices shows a slight gain The rail-
way shares enjoyed a larger proportion
of business than usual. but the increase
was attended by acute weakness in
number of instances. Rock Island,
Louisville and Nashville, Reading and
Southern preferred lost Il per cent each.
Aside from these the fluctuations were
not especially noteworthy. In the later
dealings a steadier tone was impaired
through covering for shorts and slight
recoveries from the low point were
made in many cases. The net changes
were generally fractional losses.
The railroad bonds were easier. Read
ing was weak on assessment account
and losses occurred in other instances.
Nothern Pacific issues figured for lib
eral proportion OF the aggregate trans
lions Of $4,000. Declines extended TO
2K per cent the last in Atchison ad-
justment tours.
Governments were steady on sales OF
So. 0G0.
LONDON, PARIS AND BERLIN.
New York. March 19-Evening Posts
London financial cablegram: The stock
markets were still lifeless today. not
withstanding a slight improvement in
foreign politics. Investment and min
ing shares were rather better, but other
markets were featurelesS and dull.
Americans have been steady, but closed
fiat on New York prices.
Silver securities are falling heavily
and also Indian exchange, thus indicat-
ing that the emphatic speech by the
chancellor OF the eXchequer on the
maintenance OF the gold standard has
temporary checked speculation on
rise in silver. The Indian budget Is
highly satisfactory, the surplus for the
past year being much larger than an
ticipated.
The, coin and bullion in the Bank o.
England have increased this week pa
O0O pounds, Of which Il 600 pounds was
gold imported and the rest came from
home circulation. The details Of the
gold movement were. $4,000 pounds i'm
ported from Egypt and 5000 pounds
from Portugal.