The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-03-12
STOCKS AND BONDS
SHARE MABKEr FIRM IN TONE,
THOUGH PROCEEDINGS DULL.

/
Foots up Less Than Ninety Thousand
shares-Cretan Question Cuts no +. cure
Any More, But the Habit OF Caution is
Now Firmly Fixed aud Congress is a
Factor to be Reckoned in AIready-In-
fuences in the IndustriaIs.
New York, March r.-Todsy's stock mar
het was remarkable for its firmness OF
| zone, in face of the specific dullness of the
proceedings. With the exception of a very
| slight aEakcning to animation about the
| delivery hour. the trading was almost dor
mant. TIE vo'ume of the dealings was
not only small. but was distributed very
meagerly, few leading shares absorbing
ali but a small portion of the trading.
There are about 80 shares whose prices
| are quoted and transactions IN which are
| recorded on the stock exchange. OF this
number we're only ffty-four in which there
were dealings in full share lots today. The
total number of shares sold numbered less
| than 900, and over 5000 of these were
SHARES OF fifteen leading stocks In view
| OF the very favorable conditions on the
foreign exchanges today and the suosi-
| dence of uneasness lest the Cretan oues-
ton should embroil the powers. it's neoes-
sary 10 look for some other explana ton OF
today's stagnation than a European was
scare. There are doubtless several causes
still operating to restrain speculation, most
| potent being the cautions conservatism
born of a long period OF reverse and de-
preston. There is also disposition To
wait for the assembling Of the new con-
gress III extra session, and for 1t 10 mani
| fest its character and intentions. There
is feeling in Wall street that the extra
session of congress may prove TO be long
drawn out and the senate's attitude toward
a tariff bill is felt to be an uncertain guam
tity. Nanhattan was the leader of the mar
! ket today and Shove decided strength,
which was probably due to covering Quite
a large short interest has recently been
formed in this stock, probably on the
theory that the reduction of the dividend
of per cent was bound to result in a fall
of prices. The fall proved inconsiderable
and the shorts have been seeking cover
today. The price 1859 ois per cent, TO s5A
per cert, which g about the level before
| the announcement of the reduction Of the
dividend. The vanderbilts were somewhat
in good demand, Omaha advancing IL per
cent and Lake Shore e per cent. Sugar
gained point in face of Washington al
vices indicating a probable reduction of
the amount OF protection on refined sugar
under the new tariff. The rise in the prce
of the staple and rumors of large stocks
of raw sugar in the hands of the company,
which viii be increased in value by con-
templated tariff changes, were contribut-
ing causes. Consolidated Gas showed an
! Improvement of pa per cent on. the pros
poets that regIlative legislation at Albany
will not conflict with the company's inter-
ests. The high prices attained by Tobac
CO brought some realizing sales, with a
reaction in the price of 1ss per cent, but
the stock subsequently recovered q per
cent, Missouri Pacific gained Is per cent
on the increase in earnings shown in the
first week in March. There was buying
movement developed in the anthracite
coalers also. about delivery hour. due to
rumors OF further consolidation of coal in
terests. The announcement OF the st. Paul
dividend at about the same time awakened
activity in the grangerS and some SEM
blance OF animation was impaired 10 the
whole market. New Jersey Central and
Delaware and Hudson each rose Il. per
cent, Reading y per cent, and the grangers
and Southwestern fraction. The inter-
national shares f1utuat.d narrowly in SYM
patty with the London market which frs,
bought and then sold. The undertone of
firmness, which was a feature OF the mar
ket all day. was manifest at the close,
which was strong.
The total sales Of stocks today were 110.-
so shares. including: American Tobacco.
$3.50; American Sugar. 1880: Burlington.
$500: Chicago. Gas trust receipts. $500;
Missouri Pacific. 800: New York Central.
3, 400; Omaha, 400; Reading, 1000; st. Paul,
500.
The bond market was more active. with
some OF the usually inactive bonds rising
sharply, notably Houston and Texas Cen
trail de5enture skies, which gained per
cent. The general market ruled firm, with
the speculative issues a shade higher.
Governments were quiet but decidedly
firm. The sales were $4,000.
FOREIGN STOCK MARKETS.
New York March 1.-THE Evening Posts
London financial cablegram says:
The stock markets opened steady today
on bear covering. Consols touch 112}z. No
public buying took place. however, and a
break in prices followed, the closing being
at the worst and consols dropped to 112.
Americans were steady. but the close was
under the best. Brazfls were better. KAT
frs relaxed sharply. as previously cabled.
Finanoiers here think seriously OF the poll
teal situation in South America Details
OF the gold movement for the week showed
the import OF f421. 90 from Australia, f1a.-
90 from, China, 10000 from South Africa
ard $500 from RoUmsnla and the sending
of 10000 20 South America. The Paris
bourse wall dIil after a firm, opening and
the Berlin market was steady"
ST PAUL DIVIDENDS
New York, March 1.-The St Paul direc-
tors have declared the semi-annual divi- |
dends on the common and preferred stocks |
OF and 81 per cent respectively.
LOANS AND EXCHANGE
New York, March ll.-Money on call nom
inaliy 1isn% per cent; prime mercantile |
psper 304 per cent: sterling exchange very
heavy with actual business in bankers bills |
at S.s7G4 for demand and 81 S5iL A.. for !
sixty days: posted rates 81 S5T-s and $3.50 |
>; commercial bills 81 So; silver certifi- |
e;es 651s66i; no sales; bar silver e3ss: Mex /
scan dollars 4ssi; government bonds firm: |
new As registered and coupon. 1884,; SIS /
registered and coupon. III; As registered. |
III; As coupon. II3s; IS registered So.
Pacific IS OF rs. 1875.
BANK CLEARINGs.
New York. March l-CIearines ss7,ss,.
IS: balances S.0ie.5S1.
Boston, Mass. March il,-Clearings sl3,- |
Soils; balances q, es23ls.
Philadelphia. Pa. March iI.-CleaTings =. |
81. 81: balances Ills, ~.
Baltimore. Nd. March I1.-Clear.ngs g.
2S,S7o. balances sls7.5A
s. Louis. Mo-. March Ii--Ciearf-Es 81
81, SSS: balances st5.els: money 5a7 per
cent; New York exchange sc discount BID;
par asked