The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-03-19


New York, March 1s.-In only three
stocks today were the records Of bus.-
ness important, so far as activity was
concerned. The market was no less
strictly professional than heretofore,
and the net changes at the close record
ed losses of 1G2 per cent in the more
prominent shares. The rapidly sue
ceeding political complications in Eu-
rope were responsible for apathy in the
securities, as markets abroad and the
London quotations for American stocks
showed declines Of 1sq1. per cent. Some
selling for foreign account was also
noted in this market, Louisville and
Nashville, and st. Paul being the CHIEF
sufferers. Aside from the last named
however. there was no notable activity
in any Of the railroad stocks. Tobacco
again outclassed all Of its competitors
in extent of trading, that stock figuring
for g., 500 shares out OF an aggregate
of about Ill, 900 shares. a drop of 2is
per cent in its price was succeeded by
full recovery, but renewed selling late
in the day resulted in a nett loss Of is
per cent. The directors OF the company
were in session today but, according 10
an official, no action was taken on the
alleged impending addition of S1,000,O0o
10 the preferred stock. The weakness
in the stock was variously attributed.
although manipulation was probably
the whole cause, to the expectation o.
an unfavorable decision in the proceed
ings 10 annul the charter of the COM
pany. This matter comes up at Tren>
ton before the state authorities OF New
Jersey on Monday next. Unfavorable
influences bearing upon the general stu
alton were predictions Of hardening
tendency in money rates. further dis
asters in the mercantile world. and the
continued disturbing effects Of the Gu
ban discussion in congress. The vol
ume of business, though meagre. was
widely distributed. The pressure 10
sell was almost continuous, being re-
lieved for but brief period around mid
day. In the succeeding dealigns the
offerings were more general, and the
lowest prices of the day ruled at the
close. Aside from the international
stocks referred to, Southern preferred,
Denver and Rio Grande preferrd and
Kansas and Texas preferred yielded l
per cent and IA per cent on foreign
selling. The weakness in ST. Paul eX-
cited some comment, owing TO an in
crease Of s119, APO in the returns for the
second week. Consolidated Gas fur
pished a surprise by dropping AZ per
cent, to las per cent. The decline was
attended by the news of the passage of
bill at Albany granting a charter TO
the rival corporation and also 10 the
Introduction of a measure providing
for reduced gas rate. Subsequently
rally ensued, to 153 per cent. The
final transaction was at Isl per cent.
Wheeling and Lake Erie preferred drop
ped 81 per cent. 10 SO per cent, in the
face of reports Of progress made in the
arrangements for a soft coal pool. II
rallied later to 345s per cent.
Railroad bonds were heavy with a
severe decline in some instances but
chiefly in the Northern Pacific deal
ings. Dealings aggregated 1882. 0O0
The more important net losses were;
In the Consol fives rs per cent; consol
trust receipts IL per cent; consol thirds
and Southern fives, st. Louis and San
Francisco trust fives, oregon Short
Line consols five trust receipts and I'm
ion Pacific sinking fund eeights l per
cent.
Governments were firm on dealings OF
81. 900.
New York, March 1s-The Evening
Posts London financial cablegram says:
The miserable weather. the situation %
affairs in Europe and cables from New
York reporting the Herald's statement
about the Venezuela commission having
decided that 1.-The British claim is IN
tenable," all combined TO depress the
markets. which were fat. with no bust
ness. There was slight rally at the
close. except for Americans, which fin
| ished at the lowest.
The Paris and Berlin. markets were
| fiat.