The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-03-30
STOCKS AND BONDS
WEEK OPENS WITH A C0NTIN-
UaNOE OF TIE DECLINE.

Trans-M Missouri Decision Is the Spectre That
Haunts Security aoiders-News OF Re
auctions in Western and Northwestern
Freight Rates--vanderbu,s Lose sharply
Missouri Pacife's Low Water Mark
Internatiouals Weak - Changers DE.
pressed-Bears Get at the Industrials-
Close Firm 1t Partial Recoveries.
New York. March 2s.-The week opened
with continuance Of the downward move
ment OF prices which had been in evidence
since last Tuesday, when the decision in
the Trans-Missour: case first influenced the
trading on the exchange. The same III
fluence was still powerfully al work and
the apprehens:ons OF security holders re-
garding its effects were intensified by the
news OF rate reductions by the Missouri
Pacific and ST. Paul after their withdrawal
from the traffic associations. The exceed
iagly uncertain tenure Of confidence mani
tested in the trading on the London ex-
change Was also reflected here. especially
al the opening, ard the trading opened
with a ver:ttabie rush downward OF prices.
covering and prices recovered somewhat,
| but were soon tending downward again.
Stop orders were uncovered by the constant
| fail in values, and very large holdings OF
many stocks were thrown over The low
! est point was reached in the morning hour
and after noon a struggling improvement
| set in which resulted in partial recovery N
many stocks. The days transactions were
| large especially OF the morning decline,
| and there were heavy dealings Tor PROBES
sional account, but large amounts OF long
| stocks also came out The outside puyihs
movement, which was started by the Lake
| Shore refunding bond issue and the accom-
panviug purchase of Vanderbilt properties
for inside interests, has been entirely sus-
| pen6ed. The Vanderbilts scored sharp loss
| today. though the sales were not large
Canada Southern lost Sis per cent; NORTH
| west, 23s; Lake Shore, ?; New York Cen
| trail, ~; Omaha. /; Cleveland, Cincinnati
Chicago and St. Louis, and CHESAPEAKE
and Ohio, Is. Lake Shore recovered -.
per cent and New York Central per cent
| Michigan Central sold al 80 per cent aga-hs
SO per cent for the last previous SAFE al
though It had in the meantime been bid
down by steps The iow-pr!ced shares cu'
quite a figure in the selling, the Goulds
| y.
cent on reports that that road had cut the
rate ON eggs. but recovered IL per cent on
a subsequent denial The price at the de-
cline was 49, per cent the lowest on record
Wabash preferred lost rs per cent IN sym
pathy. and Atchison preferred declined .
per cent on the statement for February
showing a decrease in surplus or SlZo,oOo
| The international stocks all displayed Weah
| ness in sympathy with London. Erie hrsts
| preferred losing per cent; Erie SECONDS
| preferred, ia per cent; louisville ana Nash
Vile. IA per cent and Southern preferred
IL per cent. The srangers suffered iroil
the general depression. Rock Island Ios'
25s per cent and ST. Paul and Burning 1oi
each l2s per cent. Burlington alone Oh th'
group rallied to the extent OF a point OF
the favorable showing on the February
statement with it's increase OF surplus earn
ines of nearly $4,000 The indCstrals wer'
nearly all more or less under pressure O
manipulation by the bears. Sugar. Tobac
CO. Bay State Gas, Chicago Gas, Genera
Electric. American Spirits, Rubber and co
ton Oil losing from l 10 points. CON
solidated Gas lost per cent. and America
Spirits preferred 2ls per cent The coaier
were quite notably steady and strong o.
: account of their relatively favorable situa
|
interest. which control making agreements
New Jersey Central and Lackawanna wer
: two of the exceptional stocks which show
ed net gains on the day. though they wer
only fractional Similar net gains wer
made by Manhattan and United state
Leather preferred. The net decline in In
| other coalers was only fractional excep
IL per cent in Susquehanna and Wester
: | preferred The closing was hrm at PAL
tial recoveries-
a The total sales Of stocks today were S4l
40 shares. including: American ToDacc'
: 1900: American Sugar, 1890; Burhngto
and Quincy, 1850; Chicago Gas. 2o.eoo; &c
eraI Electric. 800: Louisville and Nasf
a Vile. $500; Missouri Pacific, 1880; Ne
York Central $500; Northwest, 500; NortI
T ern Pacific preferred. 500: Omaha, Esd
Reading. 1640o; Rock Island. fo.4oo; St Pa'
g7o0o. wabash preferred, 800: Southern PR
= ferred 5000; New Jersey Central. 1000.
The bond market participated in the o.
preston which was apparent In the sha'
market, and values Of the more importai
speculative issues yielded 1dl17 per cent
liberal offerings. Sales for foreign accoui
were quite feature and incluoed most
the active international liens. Ine marx
showed some steadiness toward the clos
| hut the rScONeTleS IdChcN NS-.~Nf
. sales were 81, $4,000.
% Governments were neglected az the ooai
. but bid prices were quite firm ana tTansa
u tons were reported over the counter a.
higher range
FOREIGN STOCK MARKETS
New York. March Ze-The Evening Post
London financial csblsgram says;
The stock markets were dull ard UNI
terest;ng today. Prices fell OF Their oV
weight. A pess!mistic view IS taken
Americans by some OF the large hnanci
houses here. but others are disposed to
u gard the decline as oveTdone. Neither Sc
. ton. however, is backing Its opinion =
the market IS perfectly siagnant-
- Paris bourse opened weak. but closed a.
slight recovery. The Berlin market "
fat
loans AND EXCHANGE
: (eU York. March 2e.-Aoney on caH noi
> irarv a. iI.ais. per cent; prime Insreant
:. paper siLd4 per cent: s.eriing excnan
- firn with actual business IN bankers o.
AT xg7lkTis7lz for demand ard at ~ -
ass for sixty days; posted rates Az
- aSsis. commercial bills %i-sf-Gis' slf'
= certIfca;es s2ssas3; bar silver SIS: Sc
can dollars So: government bonds II
~ "a registered and coupon LII hN
rer.s-s-ed aid coupon IA; Is register
I'd ,r0-x. As coupon 1I5is; Is REGISTERED .