The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-03-15
SHOWS NET GAINS
STOCK MARKET STILL MOSTLY 4
MATTER OF INDUSTRIALS.

Northern Pacifics Constitute the Most Not
able Exception to the Rule. Being Weak
on Approximations of Certain Costly Fea-
lures of the Reorganization PIan-Gen-
eraI Electric Loses, Tobacco Stronger
and Sugar sells Up-ConditiOns for the
Week Which Have Kept Outsiders Out
the Street-Bonds Dull
New York. March 1.-THE volume OF
business in stocks today was only moder-
ate and the dealings bore the usual i'm
print Of manipulation. With single ex-
ception. vagaries in the industrials were
the features. the usual eccentricity OF
movement being noted in that group. Lon
don was a seller of the Northern Pacifcs
but otherwise was not a factor in the mar
ket. The stocf1s mentioned were not
ably weak on apprehension of severe as
sessments under the plan Of reOrganiza-
ton which, il is said, VIII be published on
Monday next Il is evident that the com
mon and preferred stocks viii have 10
contribute heavily 10 provide fort he large
amounts of cash that are lmperatVeiy
required TO rehabilitate that great prop
erty Upon dealings larger than the re
cent average. the common stock Nlelded
Ia per cent and the preferred - per
cent. The trading II the balance OF the
list. aside from the leading lndusJI ldI
shares was featureleSs. General Electro
lost 1Is per cent. 10 357s per cent. with
Boston a large seller and subsequently A
repurchaser % a more moderate extent.
Tobacco, on the other hand, was eXcep-
ronally stronger on manipulation ana
gained Il, per cent and the preferred per
cent. with a subsequent fractional re-
action in the last named D.stiihng I'M
proved n per cent on suggestions or me
formation Of a new pool IN the STOCK
Sugar sold up IL per cent. osleHsiply on
account of advances in the prices OF lAt
foreign and domestic product MOST OF
the advance was retained. Inc railway :
shaded of slightly at the outset, but sur
fened later on purchases 10 cover shorts.
The final operations were irregular ana
the net changes show small fractional net
gains.
The speculation OF the week clearly in
dicated the continued indispos. ton OF out
Siders to make ventures IN Wall street
despite a number Of developments thdt
would ordinarily have created interest IN
the market The responsibility Tor TINS
condition of affairs is variousiy placed
upon the prolonged political excitement
both in this country and in Europe, the
eNrraVaEances Of congress and the IN
satisfactory condition of general trade
The merchants report that increase
tranSac tions are made as a rule only al
are neither able or willing 20 contrlDute
toward the financial necessities OF the
brokerage contingent. The more iHpor {
ant events have included the declaration
of the regular quarterly dividends on
Sugar. Manhattan and Western Union. the
/ half-yearIy disbursements on Northwest
preferred and ST. Paul preferred and not
ably the advance made in -. PAU common
to a per cent annual basis. The purely
professional character OF the operations
for the week was evidenced by the Wild
speculation that was al times INDUCED IN
in the Industrial shares. Tobacco was
preeminent in this class n point or ac1N-
itv and eTTatiC fluctuations. Inc strategy
employed BY the insiders was OF the mos
adroit character. At the outse reports
were in circulation OF renewed aggres'
siveness by the opposition, cissenslons ~
management and other reports OF q IKE
tenor. The price saEgef 10 7l%s per cent
against 20 per cent, the closing sale 81
the previous week A. the Low POM
large interests were heavy purchaser
The climax came on wednesday wheI
rumors OF a compromise between me tfus'
and its com petitors involving the INr
chase OF several important properle'
caused a stampede by the shorts Wl-ct
sent the price up 20 So per cent ~
movement was exceptionally Nloieut. ln'
transactions in the day mentioned aEgre
"a tiuz Z3j.0po shares. the banner total 10
E DAYS trading IN any stock N the pas
fifteen months. The extreme advance
| OF trading and jump OF eight points from
the closing % the previous day occurrri
TIE subsequent movement was IRE %
lar and the stock left Of for the week a. q
nec Improvement Of I07s per cent Ger
] e~sf F.ie- the was decided feature ~
J connection with TumOrs OF a fdForao'
/ character which eventually crystalllze
into the Official report % an harmSr-ol'
/ arrangement between the company an.
| the powerful Westinghouse company re
Al f.r
Z The stock or the irst named company r0-'
Z g. -le- cent. az compared with The FRA
I figure % last Saturday. TIE nee san 81
Z The week was reduced BY realizing sale
{ % -. per cent Interesting deve.oTrne
Z in asclriol % those noted ICc.utrt
| ssueezs OF shorts n Baltimore ard ono
! causing Al a4vsrCe % ) per cent -
closing shows = gan Of "a Pc cf-- l1'
Reimbursement % ire Affairs % th!s CON
pany = expected 20 take uD a co1si 1er1iol
| tine and in-!raz-1oCs % quite severe ~
seSsnsuLs D tie junior securities ara "
/ officially made The FOR. booming par o
4 company ezcl.es Widespread antlclpa to-I
Interest throughout the financial w1r.
owing % the largely distributed holding
~ the ze--lrl-ies and the prctrar-et en-
+ uz-rsss-ue1 - The system TIE aef-r4
ties q the <eE Ere railroad vre-e --s-e'
on The Il -hzr e a11 .Dc1Dei toward
lover t1z-- TIE -e- changes lr the ger
/ e-sl rnz-xs-. aside from those e-llrTe "a -
we-e slight ard 81 uoFt ms z1-es re-J--
declines The agE--gate sa.sa were e,
-Le 80 shaw
T-1e trzss.rz n b0.ds today was ev-so
.-1-1Isv s-Ifl ard u-l. r--rFg-tlE The de-
- amounted 20 &s-EP Egv.les2 -
~ z=eE saozs lrr-sglzrlty bl- FAIRS
Ora to1@ ruled E..a- prices we've a
! sghf c5ae-s7sonz- Total Gales Eer- 3.
/ - tgs
t-srsra--e-sr were Irregular Efl ca
e.-s-- .eus-f-v ea s-8l@s 81 E2fs 81
| ~ =tz-- rls-ts,ls-s nlsrs--i ltrEs-lffs r.ls.
occurred 30 f--e-7~~ So --ff=ztr tarr-'
r-ss ...se + .-rsr--1 far ~ salE 20 ts- 1ls
l--z~ wht-a az-~eEzfsi $50 81
/ IL silver -.r-lt1tee 1ra4-EH 90 = -
were -oce5 uirho1. IHlEar4l- lla-ea g
NF.T YORK BANK t-f-Aff-sT
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