The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-03-02
STOCKS AND BONDS
ACTIVITY OF THE LATTER PART OF
LAST WEEK CONTINUES.

4
Railways and Specialties Come to the Front,
Industrials Giving Place in Volume.
Though Still Fairly Active Outside In
terest is AIanifested-Lake Shore Sen
sationaliy Rises Ten Points OIL the Day.
Constituting the Feature-IndustriaIs
Fiuctuste Narrowly and Show Slight
Net Losses-Bonds Generally Firm.
New York. March 1.-The stock market
today was characterized by the cont:nu-
ance Of the marked activity as compared
with business for a number of weeks.
which was the feature of Friday and Sat
urday. The greater part OF the additional
business was done in the shares of rail-
ways and specialt;es, the industrials fall
ing off to some extent in the volume of
transactions, but still remaining fairy ac-
tive. There were some 177.000 hsares sold
on the exchange today. The fact that con-
| siderable buying was done through commits
| SION houses was an indication OF growth
OF an outside interest in the market The
most notable feature of the market was
| the sensational rise in Lake Shore by bv
wide jumps to 172 per cent-iO points on
! the day. The stock subsequently, reacted
to 16I per cent. The maximum figure was
registered IN the first forty minutes of tra =
! ding, when the bulls were IL control of the
market and the tendency of all prices was
| upN ard. Calculations OF the benefits ex-
pected to ..s:,-- TO tie stree ron he
| probable retunding a low rate of interest,
of about si4,000.0c0 of bends which mature
! IN the next five years, were largely re-
| sponsible for this rule. The Vanderbilt
| stocks all enjoyed an advantage sylnPa-
| thetical from the buoyaEce of Lake Shore,
"hich improved 10 points. There were sub
sequent slight reactions in these stocks in
response to the successful raid of the
bears. The efforts of this ciatirgent were
concentrated upon New Jersey Central AMI
Manhattan, with the effect of a decline in
the former Of "a per cent and in the latter
of rs per cent. TINS drive was effective
in turning the course of prices in the whole
list. The grangers were more heavily
dealt in than any other group and showed
firmness, though they lost generally the
lively fractional advances of IS to q per
cent. The st. Paul. statement for January
though showing a heavy decrease in earn
inss, was compared with so favorable a
showing last year that It was we'll receiv-
ed. The stocks suffered from the general
reaction by the bears. All of the we'll
know high-brade shares were in extensive
deriald for investment, and showing gains
from l TO per cent on purchases of odd
lots. The indIstrials f1uctuated quite
widely in manipulation and showed small
net losses. Leather preferred was well
supported at the decline and rallied
point on the ground of the excellent trade
outlook. The decline in the general list
was not, as rule, above a point except
in Tennessee Coal and Iron, is per cent,
Chicago Gas, rs per cent, and Consolidated
Gas, IL per cent. The International shares
sagged in sympathy with the general de-
cline. Notwithstanding London support.
Rallies were frequent, but briefly sustained
after the decline. the closing showing frac-
donal gains and losses pretty evenly divi-
ded, except for the losses in the special
ties, which were very pronounced.
She total sales Of stocks today dere no.
9S shares, including: American Tobacco,
600; American Sugar, % 100; Burlington,
1900; Chicago Gas, $500; Louisville and
Nashville, 5000; Manhattan. 1850; North
western, $3.50; Northern Pacific, preferred,
400; Reading. 400; st. Paul. 20,100; Ten
nessee Coal. 300; Jersey Central, $500.
The bond marketa displayed general firm
ness. with slight gains in a number of is
sues. The sales were Sl751 600
Governments continue to tend upward.
with the old is conspicuous in today's tran
sactions. The sales We're s252,O0o.
FOREIGN STOCK MARKETS.
New York. March 1.-The Evening Posts
London financial cablegram says:
The stock markets were idle and dull
today, being swayed by politics. Lake
Shore going up six points Generally the
close was under the best, little interest
being shown here in Americans \ sus-
tanned lead from New York might have
more than the usual effect in the depres-
sion in other markets. Kaffirs were flat
and wer freely sold. Financers here still
regard the Transvaal situation gravely.
Silver was fiat on the report that Japan
is to adopt the gold standard, I gather |
that this is true, although the details are
perhaps premature. Bar gold has fallen |
to us I'd. Japan being the only buyer, |
there is naturally no pressing for the |
metal
The Paris bourse was dull. The settle !
ment is proceeding there. Berlin markets |
steady
LOANS AND ECHANGE.
New York, March 1.--Noncy on call easy |
at Ii4Q2 per cent: last lean. 1S4G4 per cent; |
icosed offered at 1913 per cent. Prime |
mercantile paper, 3d4 per cent; Sterling |
exchange prime with actual business in |
bankers bills at Si.S7i+ for demand and |
SS5G4.S5Is for sixty days; posted rates. |
slS5G4SS; commercial bills Si.S4d4 S41.; sill |
yer certificates 6f2iqs5i4; bar silver. sii5.
New York. March l-Clearings, ST., SS9,- |
SIS; balances, Sis PA.
Boston, March 1.-Clearings. 81. Sc, Us; |
balances, 81 i22,01S.
Philadelphia, March 1.-CIearings, s7,s74.-
go; balances, s1,6l3.9sl.
Baltimore, March 1--Clearings, so,216. 7Se; /
balances, $685. 902.
St. Louis. March 1.-Clearings, s5.fS7,-
695; balances. See7,7O5. Money 5G7 per cent;
New York exchange so cents discount bid; !
- cents discount asked.
TREASURY STATEMENT
Washington, March 1.-Today's statement
OF the condition of the treasury shows:
Available cash balance, S2l2, s37,255; gold
reserve, &4S,sSI. 20