The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-05-19
BEARS N POSSESSION
After a Fierce Attack in the
Closing Hour.
REALIZING IN EVIDENCE
Shift Takes Place From Spe-
Cialties to Railroads.

! New York, May 1s-Today ended on the
stock exchange with bears apparently IN
opposed and in complete possession of the
market. They made a fierce attack in
prices along the whole line IN the final hour
| after evidences of realizing al various
points in the list had become quite pal
pable. The largest volume Of proi1-taking
sales came upon the market after quite
an extended list Of railroad stocks had
been taken in hand and pushed up TO a
decidedly higher level. This movement n
the railroads continued after the reading
specialties has begun 10 go down. and gave
suggestion of a shifting Of speculation
by taking Of profits from the speci1,ti-s
and putting them into railroads But the
railroad list succumbed 20 the ia.e attack.
many stocks losing between l and points
and Burlington dropping Ia below the
high point OF the day. Practically al the
earlier gains in the railroads were wiped
out, though small net advances remained
in very few cases. Prices were marked
up al the opening 10 accommodate the
outside public. who were coming in 10 buy
after yesterdays advances. The demand
from that source was soon satisfied and
prices yielded and the market fel into dull
ness at the decline. Losses were sharp
in those stocks which have been rushed
up during the last few days. Railroads
showed a pretty good resistance and Man
haitian was notably strong, touching III.
Minnea polls. St. Paul and Sault Ste Ma
RE, which had not moved in a long time,
became br.skly active. the common stock
rising 10 1-2 and the preferred ia AS
the day progressed a large demand sprang
up for Atchison preferred, the Changers,
Union and Northern Pacific and other
standard railroad stocks. Very heavy
blocks of Atchison preferred were taken
on the rise and the price in numbers Of
cases advanced over a point. Anaconda
Mining also enjoyed a gain OF 81 points.
1t was under cover Of this movement in
the railways that the realizing OF profits
in the specialties was in progress. Nearly
all the Flower specialties, Sugar and To-
bacco began to sag under the weight of
the sales. In the attack which the bears
were thus encouraged to make on the
market, Sugar and metropolitan Street
Railway dropped over I points rooklyn
Transit IL and a number of other spe-
c.alties points or over. There was
momentary rally but prices plunged down.
ward again and the closing was very weak
and unsettled, Sugar alone rallying yer
a point on the taking Of bear profits, but
the prices generally ending at the lowest
OF the day. There was nothing in the
general news of the day which seemed
to influence the trading unless It might
no "a - ax-
change. which continues to rise and is near
the gold import point, IN spite Of the con-
tlnued ease OF money and the apparent
abundance of funds both here and in the
interior.
The total sales Of stocks today amounted
to 1881 shares, including: international
Paper. 500; Louisville and Nashville, H.
500; Manhattan, 30 500 Metropolitan Street
Railway. 100; Minneapolis. st. Paul and
Sault Ste Marie, 300; Minneapolis, St.
Paul and Sault Ste Marie preferred. 500;
Missouri Pacific. $780, New Jersey Central
rights. 4eO0; Northern Pacific. 400. on
tario and Western. 5000: Pacific Mail. 300;
Peoples CAST Of Chicago. q. 30: Registered
first preferred. 100; Rock Island 1850:
ST. Louis Southwestern preferred. 100;
ST. Paul. $1,000: Southern Pacific. 800;
Southern Railway, 400; Southern Rail
way preferred. $500: Tennessee Coal and
Iron. 100; Union Pacific, 1850; Union
Pacific preferred, $500; United States
Rubber, 1920; Wabash preferred, 449a:
New York Central 400; American Steel
and Wire. 500: American Sugar. $3.50;
American Tin PiaIte, 3.7o0; American To-
bacco, 500; Anaconda, 1920: AtchisoR.
5000; Atchison preferred, 5000: Brooklyn
Rapid Transit. 1093ja; runs wick, 1000.
Central Pacific, 500; Chicago. Burlington
and Quincy rights, o. 20; Chicago. Bur
lngton and Quincy. 2l9l0; Chicago Con-
soEdated Traction, 300; Chicago Great
Western. 400; Chicago Terminal Traction,
4 100; Chicago Terminal Traction pre-
ferred. 9f00: Colorado Fuel and Iron. 400;
Continental Tobacco, Is. so; Federal Steel.
a. $40: Federal Steel preferred. 1910.