The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-03-16
STOCKS AND BONDS
SHARE TRANSACTIONS SHOW 4
REMARKABLE INCREASE.


Over a Quarter OF a Million OF shares Sold,
Being the Largest Aggregate FOR Many
Weeks Pact Range Hueh widened
Inactive Stocks Being Handled and
f. Low-Priced Shares Waking Up. Espe-
cIsliy vanderbiits Market Strong
Throughout = Close Is Firm, With
Numerous Substantial Gains.
New York, March 15.-There were over
%. coo shares OF stocks sod on the ex-
change today. which is the largest aggre-
gate for many weeks The dealings cover
ed wide range Of properties. many usu-
ally inactive stocks being quite largely
dealt m and a number of the iow-priced
shares being especially no;abla for ava
kened activity. This was particularly true
OF the Vanderbilt group. which was re-
markable for heavy buying and strength
The tendency of the market was. in fact.
strong throughout, the exceptions being
stocks which were subject 10 some special
influence. The leaders have been expect
the extraordinary session OF congress
would operate, 10 some extent, as bear
influence and have put out short lines of
stocks in anticipation of a fall in prices.
The strength OF the buying movement
which set in Immediately after the open
ing consequently took them by surprise
and their efforts to cover helped the ad-
vance in prices. a noticeable feature in
connection with the activity in the Wander
bilt group. which has been manifested ev-
er since the news OF the Lake Shore $50,
10000 refunding operation is the manner
in which the buying movement passes from
one to another OF the stocks This has
given rise 10 the belief among some deal
ers that the large capital invested in these
stocks has come into the market for &C
tive participation again. The advances
which occurred today in the Vanderbilt
stocks were as follows: Michigan Central.
per cent; Cleveland, Cincinnati and Chi
cago and ST. Louis. 27s per cent: North
west. IL per cent; Illinois Central, rs
per cent; New York and St. Louis. rs
per cent: second preferred. 2ls per cent:
Canada Southern, ! per cent; New York
Central l per cent: Omaha Ia per cent.
Chesapeake and Ohio, on usually heavy
dealings.ss per cent. There was frac-
tional reaction in New York Central and
st. Louis and Northwest. Some Irregular
ity was manifest at different points in
the list, and there were occasional reac-
tons due 10 profit-takng. but the general
tendency in the railway list was upward.
The grangers showed fractional gains, ST.
Paul being exceptionally active and strong
at higher level than the London equiv
aient, which led TO some arbitrage selling
here. all offerings from that source being
we'll absorbed. The industrials did not
shore in the advance in the rest OF the
market. Sugar moved irregularly but
showing weakness on the sugar schedule
when the new tariff bill was presented to
congress. The net loss on the day in this
stock was Is per cent. The Rubber shares
labored under rumors of price war with
another company, the common stock los
ing 20 per cent, and the preferred 2is per
cent Full recoveries were made on Off
cial denials, but the price eased Off again
at the close. New Jersey Cent 4. which
fell 1 per cent early in the d., rallied
rs; Lackawanna jumped IL per cent and
the other anthracite coalers gained frac-
tionally on the strength OF efforts max
ing to further consolidate the interests Of
the trading. Missouri Pacific showed excep-
tional weakness. breaking 3 points. to IL.
per cent. on talk that difficulty might be
felt in meeting early accruing interest
charges. The stock rallied z per cent on
official denials. The closing was firm
with substantial gains In numerous shares.
The total sales of stocks today were 49,
$40 shares. including: American Tobacco
5000; Chicago Gas, 500; Cleveland. Cinc.n-
natl, Chicago and ST. Louis. 5000: Louis
vile. u,6oo; Manhattan Consolidated 500;
Missouri Pacific HeO0 New York Central
!. 800; New York and St. Louis second pre-
ferred 800: Omaha, 1850; Reading 500;
T0An Tel =. Do,
Jersey Central. 400
The bond market responded sharply to
the improvement in the standard railways.
and exhibited more animation than for
some time. The gains were OF most conse-
quence in the usually neglected issues, OF
which an unusually large number were
dealt in. The sales were s1,731.000.
Governments were dull. but decidedly
firm. The sales were $1,000.
FOREIGN STOCK MARKET
New York. March 1.-THE Evening Posts
London financial cablegrsm says:
The stagnation in the stock market was
Cnbroken today. but cheap money and the
reported maintenance of the European
concert gave a good tone. Consols were
firm, but were scarcely dealt in. a posi-
ton not inaptly described as "bulT' be-
fore either a storm. which can only he
produced by severe political complications,
or before a further sharp rise, such as IL
likely TO be produced, owing TO the cheap
ness in money, IL politics becomes more
settled Americans were steady, and clos
ed at the best. but were inactive. South
American stocks were good. Japan bought
about 10000 pounds in gold today. but
the price has fallen to as 9lkd. The Paris
and Berlin markets were steady.
LOANS AND DISCOUNTS.
New York. March I5.-Money on call ca
sy at lizT2 per cent; last loan ia per
cent; closed offered at 11z112t per cent,
Prime mercantile paper ga per cent Ster
ing exchange firm. with actual business
IN bankers bills az ns7d4s7j& for demand
and at s5.s5i$G4s So. for 81 days: posted
rates si.sSGi4 $50 and sissG4ssiz: CONNER
,.al bills 1851 silver certificates So. q
go; bar silver. s.. Government bonds
firm; state bonds quiet; railroad bonds,
firm.
BANK CLEARINGs.
New York. March i5-Clearings. So
~. 159; balances. si.1fs.sd5.
Roston. March I5.-Clearrzs, 81, -. So:
s.. 9s4.2s7.
Baltimore. March i5.-Clearngs, 1884,
is0: balances, S57.5
Philadelphia. March 15-Clearings, 81
50. sl5; balances. 8. So. sl2
St Louis. March I5-Cleanngs. s5fA.-
-; balances. sos. 4s5. Money 5l7 per cent:
New York exchange par bid; &c premium
asked.
TREASURY STATEMENT.
Washington. March i5.-Today's state
neat OF the condition OF the treasury:
Available, s212s9sss2 Gold reserve, ;l5i.-
1881
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