Evening star., 1897-04-13
Extreme Dizziness characterized Stock
Operations.
ENCOURAGING C, B. & Q. STATEMENT
The Entire Granger Group Ad-
vanced in Consequence.
GENERAL MARKET REPORTS
.ee iai Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK. April 13.-The absence OF
new complications IN the eastern diplomatic
situation was reflected by a steady under
tone in the foreign security markets this
morning. Fractional concessions prevailed
in the American department. but the sales
in the local market were not significant.
The opening level in the market was con-
sequently steady at last nights closing
level. with the changes mainly favorable.
Extreme dullness prevailed during the en-
tire morning.. practically business being
reported outside of the room.
Renewed declines in Reading and Ten
nessee Coal and Iron had a tendency to
force sympathetic concessions elsewhere,
but there was no important selling. and
therefore no important declines. Reading
established a new low level. selling down to
II 3-S, net loss OF SO per cent on the
recent cash assessment. Advantage was
taken of this weakness to cover outstand-
ing short contracts in New Jersey Central.
per cent advance following an active
demand fer this property.
The annual statement of Chicago Bur-
lipgton and Quincy attracted considerable
attention, and was generally construed to
be favorable. deficit of sSl3,Gil is shown
after payment of all charges. but this
amount is offset in part by a sinking fund
account amounting to $777,7S5.
II this amount has actually been cred
tied to an account providing for maturing
bend obligations. the real deficit is
tremely small and warrants confidence in
a reasonably prosperous showing during
the present year. The entire granger group
was advanced under the influence of this
prospect.
Just prior to delivery hour the market
became more ective under an increased pro-
fessional demand and net gains were re-
ccrdtd IN nearly all departments. The en-
TIRE surface appearance of the market
changed during this period and a few COM
mission orders encouraged the fears of the
short interest. The shares in which the
short interest was largest were especially
favored, however and there is little conf
dence in rally exceeding the narrow pro-
1esslonal limits which have heretofore
marked the active speculative periods
An advarce in Bell Telephone and a mark
ed increase in the demand for the rights
to subscribe to the new stock were i'm
portant developments of especial signifi-
canoe to Investors. The rights advanced
a trifie over 81 cents during the morning
which is equivalent to making the cost
of the new stock $219 per share This de-
mand is said to be based on the prospect
OF the company being successful in pending
suits, and its subsequent entering into ac-
tive Geographic competition. As the Sc
cur1tieS Of the company are largely held
by conservative Investors. the increased in
quiry is of especial interest at this time.
The friends OF Chicago Gas again be-
came active during the last hour CT busi-
Eess ard advanced the price OF those shares
under aggressive buying of a superior
character. New York Central was advanc-
ed for substantial net gain under buying
equally good. The change in sentiment
prevailing during the final hour would
market favored with more general outside
participation.