The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-06-12


permanence Of the higher range prevail
ing. But. as has been the case. more
and more notably, the offerings 10 real
ize were quickly absorbed with only a
prices today were generally below the
best Of the day, owing to this profit
taking, as was the case yesterday. net
gains being considerably less than the
extreme advances. The aggregate OF
sales was not so large as yesterday, be-
ing about 100000, but was the largest OF
the year except yesterday. The list OF
transactions also show many ADDITIONAL
stocks awakened from a dormant state
SO marked by the case as TO suggest
manipulation with the purpose OF bring
ing inactive stocks up 10 the level OF
the recently advancing and active secu-
rites. There was talk on the exchange
OF bull pool at work N certain securi-
ties. The belief was accentuated by the
malt in the advance Of the active leaders
OF the recent upward movement. nota-
oily the CHANGERS. II is q familiar de-
vice in the bull market to realize in one
group of securities while sustaining the
market by purchases of another. The
favOrlteS in today's advance We're the
low-priced shares Of reorga nized compa-
MES. There were over $4,000 shares Of
Northern Pacific sold, exceeded only by
sugar with 1900 shares; Northern Pa
cific common also showed sales Of over
12,00e shares. OF Union Pacific 22,0G0
shares We're sold This group Of stocks
had been a favorite with London for
some time and the high range attained
invited some selling by London to real
iZe. London was also, however, buy
er. Reports from exchanges In other
cities, of revived interest and activity
in speculation helped to sustain the mar
ket. the buying being induced by the
progress made with the sugar schedule.
The advance in the anthracite coalers
was accelerated by the difficulties Of the
short interest, whose needs were aggra-
waited by the increase of the loan rates
on the stocks Of this group. The pri-
ces of many stocks were carried below
last nights close by realizing at one
time or another during the day, but
practically all show net gains. the nota-
Die exceptions being Northwest. Omaha
and Lead preferred. Tobacco lost a
point Canadian Southern az one time
reacted IA per cent but gained a frac-
ton net. The stocks OF the iron COM
panies were notably strong on the trade
outlok. Net geains were for the most
part fractional, but EXTENDED to poin;
or over in Illinois Steel, Minnesota Iron
q points,, Tennessee Coal. Birmingham
cent?, Lackawanna, Canadian Pacific,
Linseed Oil e points, Pacific Mail and
Central Pacific OF the low-priced
shares Of reorganized companies, North
ern Pacific advanced 90. per cent. with
reaction Of e per cent; ST. Louis and
San Francisco frs; preferred, 2ls per
cent; Northern Pacific common. Kansas
and Texas preferred, and Union Pacific
a point or over, and the Reading stocks
and other stocks OF this class fraction
The total sales of stocks today were 49,
91S shares. including: American Tobacco,
10000; American Sugar. 1900; Burlington
and Quincy, LOO; Chicago Gas trust re-
ceipts, 1850: Delaware and Hudson, $500;
Louisville and Nashville, 5.l00; New York
Central $500; Omaha, $500; Northwest, g.
80: Northern Pacific. 12.2O0: Northern Pa
cific, preferred, 1850; Pacific Mail. 400;
Reading, 1900; Rock Island, 1880: ST
Paul, 1S 400, Tennessee Coal and Iron, $500;
Union Pacific, p. so: Western Union. 1850;
Southern Railway preferred, $3.50; New Jer-
sey Central, $50.
The bond market continues TO broaden
from day to day. with increasing strength
in the usually dominant mortgages. The
inquiry for these securities is quite good.
with wide variations between bid and asked
prices. The transactions noted are several
points above previous sales, with some is
sues recording exceptional changes. Trad
ing IN the speculative issues has quieted
down somewhat. with fluctuations narrow.
The ag gregate sales We-e s.1ls.oo. The
more noteworthy advances are: Iron Noun
tain SIS, per cent; Utah Southern general
IS. trust receipts. per cent, and lhterua-
tional and Great Northern, 3i4 per cent
Governments continued to trend upward
with business confined 10 counter dealings
FOREIGN STOCK MARKETS.
London, Eng. June 1.-THE markets for
American securities after moderate fiuctus-
demand. closing firm, with the demand
moderate
New York. June 1.-THE Evening oPst's
London financial cablegram says:
The stock markets remained firm TO-
day. continued Improvement in Americans
being the feature Interest In that nargs.
is steadily Spreading. and am able 20 state
confidently that many big financial people
have laid in stocks IN expectation OF a rise.
Whether the public viii come In soon re-
mains 10 be seen. Prices tonight clossd
under the best Mines were strong. The
announcement Of the committee headed BY
Mr.. Farchil3, representing Central aPc,ac
bands ani shares. has created surprise IN
view Of the existence OF TIE Banoury share
holders committee and TIE recent notice
that Speyer Bros. will seon call for a de-
post OF bonds. IN business circles, the
new committee 5 scarcely taken seriously
The APIS and Berlin markets were firm
BRADSTREETS FINANCIAL REVIEW
New York. June libra tstreets financial
review tomorrow VIII say;
Net only have advances II quotations
beer seen Throughout. the share Est. bat
TIE market las bee. much more active. and
exhibits a constant tendency 20 broaden
Public participation e decreasing an. while
american stocks nave been Ire specuts tive
feature in LonSo1. there has beer a fair
amour; OF foreign buying here Sacrt Il
te-es;s = various stocks have been Gr.v@z
= cover, and tAs professional Interest man
~ ranged OF re hal SIDE TIE combined
efsc: az these factors has eee1 20 furnish
much better buy.-g psoss- THAI Wal
stree; has seea II many months ETs5e-oe
= slso a; Had TIA: pors-.-. interests are
- f. - L..