The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-04-26

sugar rig ures Tor more Than Onc-h ALI the
Dealings and the Hand OF the Profess
sional Manipulator Is Seen in the Er-
Tobacco and Others Follow the Same
Course. Selling Down, With Late Par
tiAi ReeOyery-Tendency TO Improve
msnt Observed During the Week
New York. April 25.-Today's stock
market was above the recent half
holiday average in point OF activity.
The course OF prices was reactlonary,
chiefly in sympathy with Sugar. The
stock mentioned figured for almost one
half OF the dealings The erratic range
OF this speciality bore evidence Of adroit
professional manipulations. The ini-
tial prices were fractionally above yes
terday's final sales, Sugar leading with
a gain Of almost a point This improve
ment was only momentarily but later,
effective support was advanced and the
stock rallied h per cent, TO 1858 per
cent 4 subsequent reaction occurred
under heavy selling, TO I211s per cent
In addition 10 the liquidation there was
free selling for the short account on
Washington advices intimating the pro-
liability OF the introduction OF a bill in
the senate providing for the repeal OF
the Is cent differential. The pressure
against the railway list was marked
in some instances, rejecting realization
OF profits accruing from the advance.
The Changers, Louisville and Nashville
Tobacco, Tennessee Coal and Missouri
Pacific were prominent in the reaction
airy move, yielding about per cent each
In the closing dealings there was a
general fractional rally one covering OF
shorts. Sugar and Tobacco recovered
an exceptional rs per cent. The clos
ing was steady with the improvements
noted, with the net changes recording
general fractional declines.
The total sales OF stocks today were
$4,000. including: American Tobacco
5000; American Sugar 1000: Baltimore
and Ohio 5000; Louisville and Nashville
5000; Missouri Pacific 1000; ST. Paul
$500; Union Pacific 5000; Wabash and
Lake Erie $500
A tendency toward Improvement In
stocks prices was noted in the week.
Commission house business broadened
and purchases on a large scale were
made in the early dealings. for London
account At times the speculation
verged upon positive buoyancy. The
foreign demand for first-class bonds
was especially noteworthy and large
CLOCKS OF the speculative issues were
also taken. This condition was the
logical outcome Of the congestion OF cap
ital, both in this country and in London,
where consols advanced 10 almost IN
precedented figures. This accuulula-
become nominal The government
bond market also evinced European in
vestment. The steady investment nj
the mercantile situation, satisfactory
returns, encouraging reports regarding
the crop outlook. and substantial pro-
gress made toward closing up the re-
organization proceedings OF several inn
portant bankrupt systems. impaired a
confident tone. In financial circles at
home and abroad there is also expecta-
ton OF unequsvocal gold standard plat
forms by leading political parties. An
other consideration that has been
brought TO bear on speculation is the
prospect of an early adjournment OF
congress. The influences mentioned
counteracted the latter extensive real
izations and selling by London on a re-
vival OF disturbing assumptions regard
gotiations. Wall street has not taken
this last named at all seriously. Chi
cago advices indicating heavier grain
receipts and expectation OF an early
corn movement on an extensive scale
encouraged purchases of the grangers
in which group the best prices OF the
rise were recorded. The unqualified
success OF the Northern Pacific reorgan-
iZation and limitations OF favora BILE |
progress in several other important pro-
perties served TO bring the railway list
out OF the rut IN which IL had been held. |
The Gould and Vanderbilt shares were
prominent in the dealings, with decided
favorable sympathetic influence on the
other shares. Foreign exchange con-
ditions were not a speculative factor.
owing to the fact that rates ruled be
low the call shipping point. A small
amount Of gold was shipped on special
transactions. The high-priced Indus
trial shares were the especial features
OF the trading. The market generally
felt the influence Of proit-taking in the
closing dealings. but the recessions |
were material in only few instances.
For the week. most OF the leading rail- |
way stocks show liberal net gains. The |
aggregate sales were 1891. 322 shares.
Bonds ruled slightly lower today IN !
with the concessions in the /
share list Trading was in good vol |
ume. the sales amounting 10 $500. 900. |
The bond market In the week advanced |
on an increased scale Of activity. For |
eign houses bought literally and sub |
domestic investment purchases /
impaired a tone Of decided strength. |
The Northern Pacific issues were the |
features and advanced sharply on the |
success OF the reorganization Spas |
modac spurts OF activity a higher prices |
were noted in several % the usually |
inactive mortgages. The sales were /
s11. ~, 900.
Government bonds were strong and /
active on investment buying. The sales 4
were SSl7. 900. largely OF the new fours. |