The times., 1897-03-30
The World of Business.

New York, March 29.-Wall street re-
view: The depression in the markets for
securities on the closing days OF last week,
consequent upon the Supreme Court de-
cision in the Transnlissouu Freight Asso-
citation case, as increased today by news
from the West about rate cIttlng and also
10y advices from London and the conti-
nent OF a more warlikc feeling on the
Eastern question. The bears had the upper
hand and pushed their advantage with
Vigor being encouraged by the receipt of
numerous selling orders by commission
houses from Philadelphia, Boston, Chi
cago and other cities The decinein prices
ranged from IL 10 3 Ia per cent, and as
the downward movement made progress
many stop orders were executed. Missouri
Pacific WAS singled out for special at
tack on the reports current that the COM
pany had takra the initiative in rate cut
ting by making Il reduction from the regu-
lar schedule charges on eggs.
Other marked declinesin the early trading
were ] "a in Burlington ana Quincy,
= Is IN Northwest, as III st Paul,
j l-2 in jersey Central, l 3-4 IN Sugar,
3 IL in American Spirits preferred, i'll
Atchison preferred, ! rs in Tobacco,
j l-2 in Omaha, and / "a III New YORK
Central During the afternoon, in ad-
duion to the deniaS concerning Missouri
Pacific. came the February statement of
the Chicago, Burlington and Quincy, Which
showed a lal pe increase i'm surplus as com
pared with last year, and the announce
mCnt OF an advance OF l-16a1-S cent iii
certain grades of refined sugar.
The advances that followed were equal
to / 3-4 in Lake Shore, 1-2 in American
Spirits, preferred, ga in Jersey Central,
and IA to 1 IA in the remainder Of the
list Near the close, however, the
Grangers developed renewed weakness,
but the remainder of the list held firm
and the improvement noted was well
maintained The Grangers closed with
only fractional recoveries and in the case
of Rock Island the final sales were at
the lowest of the day. Net changes show
declines Of Lap 5-s per cent, Rock Island
leading Lackawanna gained 3-4; Man
haitian, 1-2, and Jersey Central, Is per
cent. Total sales of stock were 32s, ,346
shares, Of which $1,000 were Sugar,
81. 200 st Paul, 1e,20o Chicago Gas,
$4,000 Tobacco, 1880 Missouri Pa
cific, ] 6, 100 Reading, $500 Burlington
and Quincy, and IL, 500 Atchison, pre-
ferred
The bond market was active and weak
TODAY. The transactions aggregated ST.
6o2 .ooO Ann Arbor As fell IA to
7s Ia; American Dock and Improvement
bs / toI14: Atchison General As, "a to
81: do. adj, As, 3-S TO 43; Chesapeake
and Ohio General 4 1-2s, to 70; Rich
mond and Allegheny, 1st consols, TO
100 1-2: Chesapeake and Northern Pacific
LIST 5s, 5-S to Al Cleveland and Canton
LIST 5s, 3 to Il; Hooking Valley Con, as.
to 20; Iron Mountain General, Con-, 5s,
j TO T3 1-2: Kansas and Texas, As, l 5-S
to So IA: Lake Shore Reg st Is. IA to
10 3-4:Norfolk and Western, Con-, As, 1-2
to - I-2; Oregon Short Line, 6s. certs-,
ia to 115; Rochester and Pittsburg,
LIST 6s ! 81 to 122 ID; Rock Island cou-
pom lists, to 1870; do, deb. 5s, 1-2 to
So: st. Louis Southwestern 1st, As, TO
81; do, I'd as, 8 1-2 to 20 1-2; st Paul
and Omaha con- 6s, Ia to 1870; st.
Paul and Minnesota div. 5s, ID TO 112;
St Paul gen. 4s, series A, l IA to 100 "a;
Southern Railway con. 5s, L rs to ST-1-2a
81 "a; Texas Pacific lists, to IS; do,
pnds. 1-2 to 8 9-4a19 Ia; Wabash deb,
series b, rs to 19 12; do. 1st 5s, 81
10 1O4: do. ends, to 65, and Wis. Cent,
bs TO 50.