The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-03-19

characterized al times by great activity
The dlminution OF business upon any
tendency towards a decline in price was
not noticeable. and it has not been FOX
some time past. The volume Of dealings
was large. the aggregate OF the stocks
sold reaching 276,G GOO shares This total
has not been equalled on the exchaonge
since last fall, with one exception. The
| dealings were fairly well distributed.
though they were exceptionally heavy in
I some four or five stocks Notwithstand-
ing the strong undertone OF the market,
! the bears found some vulnerable spots
for attack, and the advance was not I'M
impeded by prcfit-taking. This was
shown in some Of the Vanderbilt proper
| ties, in which the buying movement has
been so much marked for several days
| past Omaha, Lake Shore. Northwestern
! New York. Chivago and 81. Louis COM
mon and second preferred, and Chicago.
| Cleveland. Cincinnati and 81. Louis show
| ed reactionary tendency, especially
Omaha, in which the dealings were very
! heavy, and the decline reached is per
| cent. New York Central, on the other
| d
sales being made below the par of the
stock. The more definite shaping of the
reports thar .he company's bonded debt
| accruing up 10 1905 would be refunded
at a saving of interest charges was the
cause of the strength. The buying move
ment became general and the market de-
veloped marked strength throughout.
pool buying being evident at various
| points and the shorts showing obvious
anxiety to cover. some OF the usually in
active stocks being Included in the
range OF activity. Pacific Mail enjoyed
a gain Of 2ss per cent on the arrival al
San Francisco Of the overdue steamer
Peru. Sugar was heavily bought by the
| traders, although it was sold by some
| usually regarded as being identified with
| the inside interest. This stock rose 13s
| per cent, TO 115k per cent, and reacted
20 11414 per cent on the news of a general
| reduction OF Is per cent in the price of
refined sugar. Southern preferred and
Kansas and Texas preferred benefited by
reports of improving business in the
south. Chicago was largely bought, the
| transactions coming next 10 those in
| Sugar in point Of volume. Some OF the
large gains in this period OF the marke,
were: Sugar. rs per cent; Chicago Gas,
l 3-S per cent; Manhattan. is per cent;
Kansas and Texas preferred, l per cent;
| Southern preferred l Is per cent: New
Jersey Central. rs per cent; New York
| Central, 1-2 per cent; Tennessee Coal
and Iron. l IA per cent; Rock Island
| 1 is per cent, and Burlington, rs per
cent, ST. Paul Jagged in the advance,
| being crossed by Burlington. An effect
i've raid was made on the market after
o'clock, some of the in6ustrials and
anthracite coalers being selected for IN.
| attack. Sensational rumors were circu-
| lated that the syndicate which had under
written the Reading plan Of reorganizd-
| ton had dissolved. The common stocks
fell Is per cent, the first preferred s
per cent and the second preferred ] -
per cent. Old doubts about New Jersey
Central were also revived. and that
stock fell 1 IL per cent. The Rubber
shares were also attacked. common 5osing
1 ga per cent. and the preferred rs
per cent Sugar lost Ia per cent on the
reduction in the price Of the staple, Amer
lean Spirits per cent, and the preferred
per cent. the latter with a subsequent
recovery OF L per cent, and realiZatiUns
on Omaha aud Lake Shore helped the
decline, which became general through
out the list, though to a fractional extern.
only. in most cases. The closing of the
market was consequently weak.
The total sales Of stocks today were
272.9iO shares. including: American To-
bacco, /, 500; American Sugar. $500; Bur
lington and Quincy. 5000; Chicago Gas.
g 500; Chicago. Cleveland. Cincinnati
and ST. Louis, $500; Missouri Pacific,
400: New York Central, 100: Omaha
49, 500: Pacific Mail. 400: Reading, g.
500; Rock Island, 5000: Western Union,
$500: New Jersey Central. 400.
The bond market displayed an irnprov-
ed tone generally. though marked recess
sions were scored in a few cases. notably
A5chisOn. Colorado and Pacific frsts.
when yielded "a per cent. Standard
Rope skies filctuated very widely, but
tended mainly upwards. and ended with
a gain Of l II per cent The sales were
s1.420000.
Governments were neglected but easier
in tone. The sales were 5000.
New York, March Is.-The Evening
Posts London financial csblegram says:
tine stock markets opened fat today
on political rumors. but recovered on
en- uaconf-med telegram frosn Vienna
saying thst Greece vas Withdrawing her
troops from Crete. and then relaDsd
later. closing du,l. consols dropping e
Iii rs. Prices. however. are better On
balance Americans were firm 81 the
strees on New York support: Kafirs
were better on better news abou; tie
deep .eye,s: buying. h1wsvec. vas stag
uanc- The Indian budget is expected 10
morrow. Cablss anticipate a rupee az
veil as a sterling Ioa1- The Paris and
Berlin markets were unsettled but rather
better"
THE SILVER MARKET.
New York. March Is-The silver mar
ket a. London ruled frne- today On con
tinsntaI purchases. Buyers from Iudia
are holding Of n view of Developments
IN japan Of the measure Introduced to
parliament fc- a god coinage Bullion
dealers who wee interviewed a fhLs city
regarding ire biz proceed % b n tze
dark as - - deals. and are awaiting
intelligence regarding 9: wi-h interest. 81
order 20 t11ge q Is probable eaec-s o.
she market
Mex York. Mareh ls--Noney oa oau /
easy a. - and ? pe- cent; iast i5aa q;
81 pr cea-. clos@s - ani l - psT
cent Prime usTean.iie Paps- ? - ard : ]
Per can. Sterling .1eaange STEADY. glia /
actual brs=iHeSs Il bsakeTs' bills q; 81 = I
and s4s1ss f9r demand All - s5ns ~
sky days. Pcseed ra,ss. 4-ss1s and - -. .
0o-r-s--Ez1 hills ks6<z S-vzr ee-tET