The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-03-05
STOCKS AND BONDS
ENLARGED VOLUME OF TBADIEH IN
THE STOCK MARKET.

Tendency Decidedly Reactionary and De-
c,ines Notable in Many Cases-Profit-
Taking at Previous High Level Is .
KinIey's Antitrust Declarations in His
Inaugural Scares the Iodustrials Into
onvulsions-Bond Market Continues to
Exhibit Pronounced Strength.
New York. March i-Today's market was
active and marked by an enlarged volume
OF trading. ever 2e5, % shares being sold or
the stock exchange. A wide variety of prop
critics was dealt in. The tendency was DIS
t.nctIy reactionary and the declines were
notable in many stocks. Many factors
contributed 10 this result. the principal ono
being seeming desire &c take profits az the
high range OF values established yesterday.
This disposition was manifested soon after
the opening. a. which the tendency was
upward. in spite OF the depression existing
on the London market, on account OF re-
newed uneasiness over the status Of the still
unsolved Cretan problem. The rise at the
opening OF q per cent each in New York
Central and Omaha. showed the continued
effect OF the Lake Shore bonding operation
on the Vanderbilt properties. But this
soon gave way to the selling movement and
to profit-taking IN many of the high-priceG
The early gains were soon lost and heavi-
ness overlook the entire market There
was slight check TO the downward trend.
due 10 rally Of II. per cent in Chicago Gas
or reports of good prospects for consolida-
ton. The ran in the general list was I'M
important, and the downward course was
resumed. New Jersey Central and Man
haitian rad lost a point each. the first on
the labor troubles of the Lehigh and Wilkes
barre and the latter or the continued ap
prehelsion OF a reduction of the dividend
rate. a period OF dizziness ensued and ap-
parent waiting for the new presidents inau-
guraI address, the paragraph as 10 the
trusts was seized on by the bears and an eX
tensive raid organized on the ildustriais.
These suceumbed rapidly and precipitated
d further fal in the whole market. The
marvel was very active from then up TO
about delivery hour, and heavy liquidation
was manifest in the industr.als large blocks
being thrown upon the market. The lowest
prices of the day We're registered at that
tirle. nulness succeeded and continued I'M
Ill the close The extreme declines in tho
Vanderbilt stocks were: Lake Shore. 20
per cent; 81. Paul and Omaha. 2as; New
York Central and ST. Louis second prefer
red, 2; Northwest. 1874 Canada Southern.
II; New York Central, rs New York Cen
trail recovered and registered fractional
net advance. being an exception IN that re-
spect. OF The indrstrials. Sugar lost 2ia
q = 1T -
tx; Consolidate Gas. u: General Electric,
l. and Tobacco. rs. OF the spec:aities, Man
haitian fell ia per cent; Pullman l. and
Pacific Mail. Is. The grangers also parti-
cpatci in the reaction in the market. Bur-
lingion declining IL per cent, ST. Paul, ia
per cent and Rock Island la per cent or
tae other railways the loss in Northern aP
cihc preferred was rs per cent. Missouri
Pacific l per cent, Kansas and Texas pre-
ferre1 per cen. and Atchison rs per cent.
The weakness persisted till the close. when
prices we're mostly az the lowest level OF
tn day.
TIL total sales of stocks today were 2S.-
2as shares, including: American Tobacco.
$500; American Sugar, 1910: Burlington.
5000; Chicago Gas, 1920; Louisville and
Nashville, $500: Manhattan, $500; North
west. 900; Northern aPcific preferred, B.
200; Omaha. L. 800; Pacific Mall, $500; Read
.ng, 4.0O0; Rock Island, $50; ST. Paul, D.
200; New Jersey Central. S,ieo
The bond market continued to exhibit
pronounced strength regardless of the fe-
verishness OF the stock speculation Con-
fiGence in the general financial and COM
mercial outlook is reflected in keen IN
vastme1t demand for railway and miscel-
famous mortzag which carried many Is
sues I'D substantially. The low-grade bond
is coming into better favor, owing TO the
greater possibility CT enhancement In value
of which the purchases for speculative &C
count are more marked. The market cas-
ed off slightly towards the close on reshza-
tons in some of the active lines. Sales.
s., 205. 900.
Governments were neglected az the board
Slight advances in bid prices failed TO brfns
out any offerings. but the outside DEAL
ings were very heavy.
FOREIGN STOCK MARKETS.
New York. March 1.-The Evening Posts
London financial cablegTam says:
"The stock markets opened momentarily
firm this morning bu. quickly gave way
on heavy selling from aPris- Later this
was followed by the widest political ru-
mors on the report that King George OF
Greece had gone to Thessaly. Consols Eel
to 1fll.. and all the markets closed al the
best. Gold has fallen 10 77ssd- Today's
bank return completes the hslf-year and
shows an exceptionally large profit The
dividend TO be declared shortly is expected
to be at the rate of 10 Per cent per snnunn.
Details OF the gold movement for the week
show the receipt of fiN.0co from Australia.
fl4.0DO from Portugal. and 5000 from Rou-
mania. TIE Bank OF Bombay rate is down
from i to 10 per cent The aPris bourse
was fiat. a large account being closed to
day prior 20 the settlement tomorrow. The
Berlin and other continental bourses were
weaker than Tor some time past on politics.
LOANS AND ECHANGE-
the New York. March Money on cal
easy at Iizdlzs per cent: last loan i. per
cent. closed offered a. IiZHi1. per cent:
prime mercantile paper 3d4 per cent: s;s--
ling exchange firm. With sctaa! business IN
bankers bills al Ns7a4s7l4 for demand ana
81 s5I.d4&i2 for % days: posted rates 3i-ss
a4Ss. commercial Bins Sls4iz. silver CERT
fIcates sii.GSiSs. bar silver 81.
WOOL AND COTTON NARKErs.
New Orleans la March 4-Cofton-Ess-: