The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-03-04
SMALL GAINS MADE
STOCK MARKET DULL WITH LES
BUSINESS DONE

Professionals Control the Market, Which is
IrreguIsr-Gossip Concerning the In
dustriaIs a Feature of the Market
London Operations Limited and on Both
sides of the Market-Gains in General
Electric, sugar, Internationals and
Gransers-Crossing of St Paul and Bur
nngton-Market Closes Firm.
New York, March 3.-The share spec
ulation was comparatively duh, bust
ness being one-third less active than
yesterday. The course of prices was
irregular and was dictated entirely by
the professional dealers. \ feature
Of the days operations was a variety of
gossip almost entirely concerning the
industrial shares. London was not d
considerable factor, its operations being
limited and the orders about evenly d.
vided between the two accounts. The
initial prices were irregular. owing 20
lower London quotations for Americans
but the market soon proved superior 10
this influence and took an upward trend
General Electric advanced is per cent
on the news Of an important decision
| by the United States supreme court IA
VOrable 10 the company IN lOns-cOn-
tested suit Sugar gained point, part
ly on covering Of shorts and partly on
account OF advances in shares also
made su bstantial fractional advances
In the first mentioned group some sig
nificance was attached TO the fact that
St Paul crossed Burlington in price for
the first time on record. The advance
halted at the end Of the first hour and
was succeeded by "A reactiOnary move
ment on which some stocks made mater
iai declines. The depression was at
tributed TO selling for London account
and by the traders. Tobacco. which
absorbed one-third of the total dealings
developed pronounced heavineSs in the
latter trading on reports of the forma>
ton of a powerful anti-truse combina-
ton and of cutting in prices by outside
plug tobacco manufacturers. RumOrs
were also current Of an impending is
sue of preferred stock amounting 10 ST.
900. 600. The loss reached IL. per cent.
| but at the low point support was eX
tended by insiders and free covering by
the shorts resulted in appreciation OF
that fact. Blocks of stock of from 500
/ to $500 shares changed hands at fire.
quent intervals. In the rally the price
was carried up TO last nights closing.
but realizations at the finish caused a
concession of z per cent, Burlington
was the weak feature of the railway
list, declining is per cent on the COM
paratively light corn movement. Balti-
more and Ohio was less active than re-
Gently and moved in erratic fashion
within a 1-cent range. closing unchang-
ed as compared with yesterdays final
Tayin no lxAf N "a
greater part Of the late session exhibit
ed firm tone and prices of mos stocks
rose to figures slightly above yesterdays
finals. Rubber shares became promi-
nent toward the closing. the common
declining 3 per cent, to 2ii2 per cent
The preferred was offered down IL per
cent, TO S4l2 per cent. The losses We're
attributed TO a raid. The market clos
ed dull and firm at fractional net inn
provements generally.
The total sales OF stock were 1880
Shares, including: American Tobacco
So. 500; General Electric, $500: Burling
ton and Quincy, 24.300; Baltimore and
Ohio, $500; American Sugar. q 100; ST.
Paul, %. 100; Western, 1000.
Dealings in railway bonds fell off 70
1870. 900, a total considerably below re-
cent averages. The temper of the mar
ments occurred in a few issues. The
formal announcement Of a receivership
for the Pittsburg and Western, as
sequence to that of the Baltimore and
Ohio, was not especially reflected IN
the price of the cOmpany's bonds. The
firstS yielded l per cent, to 65GL per
cent. The Baltimore and Ohio fives of
1925 exhibited siren 9Th and gained Il:
per cent, to So per cent. On the other
hand the consoI fives of 1888 lost IL per
cent on a seller 30" option. Baltimore
and Ohio Southwestern firsts were fore
ed down 10 1904 per cent. as against los
per cent the last preceding sale made
soma time ago.
Government issues were weak and
lower on sales OF 3l?3,SaC.
Silver certificates ruled slightly high
er on sales of $4,000 at 6sTs9ss& per
cent
Philadelphia. Pa. March 3.-CIesrings
$15,947. 727; balances S1ssf.7o2.
Baltimore Nd, Msrca 5.-CleaEings
s.. SS3.O14: balances s4O7.4l4
ST. Louis, Mo, March 3.-CIearings
S4.11s,62l; balances s56s.i7i.
Berlin. Germany. March The week
~ statement OF the Imperial Bank OF
Germany shows the following changes
Compared with the previous account.
Cash in ha.G, decrease t}tiG. go marks:
tressury Totes, d4cTsdse a.. 09G: other
securities. increase 1850. 30; notes 10
circulation, increase SI.JsO.,0o.