The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-03-07

bilt control, was most Immediately affected
in sympathy with Lake Shore. II was
found also that New Jersey Central has
about S5O.000.0co bonds maturing by 1902;
Burlington, s2S.eCo.00o in 1903; Northwest
over Sl2 coo. 900 In 1902; St Paul an aggregat e
foyer So. 000, 600 due between now and 1905;
Louisville and Nashville over 100000 due
in 1898. and Michigan Central 10000 in
1872; all bearing interest at per cent. The
analogy between these roads and Lake
Shore example. The Vanderbilt properties
were naturally al affected by some sympa-
thy and the operation had a general sentI-
mental effect on all railroad properties as
indicating high grade of credit and earn
ing power. The consequence was a Stimu-
lation of buying OF railroad stocks. which
caused larger volume of trading on the
exchange on Wednesday than any day for
many months. Prices tended uninterrupt
edly upward by wide bounds. the price OF
some lligh-priced stocks being bid I'D many
points eliciting any offers Of the stock. The
upward tendency was also accumulated by
the disposition TO anticipate the Inaugural
ton BOOM which all traders have conf
IDENTIFY counted upon with the incoming OF
the new president. Some OF the prices az
tanned by that time in the week were: OF
the Vanderbilts. Lake Shore. 10 per cent;
Northwest. "a per cent: Omaha, So per
cent; Omaha preferred, s per cent; Cleve-
land, Columbus. Cincinnati and ST. Louis.
3ih per cent: Illinois Central, per cent;
New York Central AZ per cent: Michigan
Central, per cent; New York Cincinnati
and ST. Louis. 2@s per cent, and New York.
Cincinnati and st. Louis second preferred.
60 per cent. The effect on some OF the
other stocks was shown in the advance in
Chicago and Alton of per cent; St. Paul
preferre, ~ per cent; Northwest preferred.
2 per cent; Omaha preferred. per cent:
New Haven. per cent; Pullman. 6k per
cent: Manitoba. per cent, and Rome, Wa
tertown and Ogdenburg. per cent. This
list OF high-priced investment stocks held
the advance and resisted the reaction later
in the week except Omaha preferred, which
lost l per cent. and Pullman. which lost
354 per cent The general market came I'M
der the influence Of Teactionary tendency
on Thursday, which continued TO the end
of the week. This was partly due TO the
fact that traders had looked with conf
dence 10 Inauguration day as one OF high
prices. and they proceeded to take profits
The trust paragraph in the presidents IN
augurai address also deprkssed the price
of the industrials. Some OF those wha had
expended their enthusiasm over the Lake
Shore loan began 10 argue that all roads
d.i not have as good credit as Lake Shore
and that Il would net be feasible for al OF
those which have bonds maturing few
years hence 70 anticipate the maturity by
returning scheme. London also became a
heavy seller Of American securities in this
market, estimated al 5000 shares for the
week These we're well absorbed and the
prices here were maintained a point with
the LONDON parity. This was. IN fact. what
invited the srbitral sale OF stocks here but
this fact helped the rsactionary tendency
OF the markets. The reaction was not com
pIete in any notable case except those OF
The industrisls and some % the interna-
t!onals Louisville and Nashville showing
a net decline OF Der cent. Sugar OF Pc
cent and Consolidated Gas of per cent.
The higA-priced investment stocks mostly
resisted the reduction. a. already noted.
Vanderbilts felt the reaction. but had left
10 them a net gain on the week ss follows:
Lake Shore. 81 Per cent; Northwest, n
per cent: Omaha. q. per cent: Omaha pre-
<srred. 5 per cent; Cleveland. Columbus.
Cincinnati ard S. LOUIS. - per cent: New
Central. =. per cent: Michigan Central =.
Ter cent: Canadian Southern. A.. per cent.
New YORK Cincinnati and 81 Louis. -
pr cent: NsE YORK. Cincinnati and S.
Louis second preferred. = per cent o. TIE
speclzllies Brooklyn registered a notable
advance Of p>- cent. and LsCI45e Gas pre-
fsrred -. per cent from special CAUSES
There was abou. a -iIIca shares sold On
the exchange during Ire week and The field
vas remarkably broacensd The outlook
for speculation Il better as q result OF the
weeks operations. Encouragement e fsl
over me prospects FOR general business. ths
promise Of the rev administration ard Re
sue-Iai IMPROVEMENT n Ire business % rzil-
ways No export movement or god has -
In. ;hoagh hardening t=1teney - mas
fest in exCaznE>. attributed partly 70 ne
selling OF American securities fOr London
account TAs-e Is rot much f@sr % per
zsnsH- injury 70 vzil<s - thss co1ssry -
the ev.sl. of A. European SaT. A feature
OF he SeS Srzs a IA z the gTice o, silver
from ss--c a. ozuce 20 szssc- TIE fsE = a.
trfb2;sd 20 ;he az % Japan adopting q
rate OF = - q silver % % zol1 fo- TIE
Inauguration CO ire gold STANDARD
BONDS
TIE bad market during sse week was
chz-zcteylzst ~ marked animation al !