The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-01-15
MORE THIN \ MILLION
Shares a Day Is The Average
for the Week.
LAST DAY Is THE BEST
Enormous Dealings al Ad-
vanCes--Excitement High.
LAST DAY is THE BEST

| New York, Jan. A-Trarsactions on
| the stock exchange today were the larg.
| est for two-hour session in many years.
! and had the same volume continued for
the usual five hours trading it would have
been within a quarter OF a million OF two
million shares. As Il was, there were
nearly 10000 shares dealt in. and the ay
erage net rise in prices was from ! 10
points in the shares which figure
most extensively IN the dealings. There
was a diversion OF interest from the Pa
cifics TO higher-priced stocks. the grang-
ers being the gamers The excitement on
the floor of the stock exchange was ire
mendOus. There was an unusually large
attendance OF brokers for the short ses-
sion, as the constant influx OF outside or
ders rendered IL necessary for the large
dealers TO transfer considerable Of their
business TO the hands of smaller brokers
at the regular commission between mem
bers. Stocks opened buOyant and active.
High-price records passed unnoticsd as
the commission brokers fought TO exc
cute orders and simultaneous transactions
In many shares were widely apart Lon
don had early received large purchasing
orders from their side and the quota
tons from rat quarter showed general
out immense blocks on realizing sales
but the sustained buying power OF the
market absorbed all offerings after a tenn
porary reaction and prices again mount
ed upward. The market halted momenta-
rlly, pending the publication OF the week
" bank statement. but upon its appear
ance, showing, as II did. increases of 81
132, 100 in the surplus reserve and 8. e42 200
IN the loan account. builish enthusiasm
was resumed with violence Commission
houses were easily the largest buyers.
The extreme gains IN the Pacifics were on
~ fractional, while n the grangers they
ranged from l in St Paul 10 ( in Bur
lIngton, and in the active coalers from
l to 2ss- The Could and Vanderbilt stocks
were comparatively neglected except
Southern railway. The greatest strength
and activity was shown in the yrangers.
Atchison, Reading preferred. Federal
steel and Brooklyn Rapid Transit. Points
of heaviness were Great Northern pre-
ferred, Illinois Central Metropolitan
Street railway. Lead and Laclede Gas.
Generally speaking while there were
sharp recessions from the extraordinary
high opening. the market regained most
of the decline. The market closed with
some irregularity. but generally strong
and active. with important gains in many
large rise in Burlington on renewed gos-
sip concerning the prospective refunding
Of their outstanding bonds. This talk.
however. was little more definite than
usual New York Air Brake made an
extreme advance Of points, while South
ern Railway preferred and Atchison pre-
ferred were up over two points each and
Federal Steel, common. which has late
Iy been rather neglected, although react
ing from the top prices. ended with a net
gain OF is. The largest trading in any
specially was in Brooklyn Rapid Tran
sit, which had an initial rise Of points
on confirmation Of its acquiring control
of the Nassau Electric company.
The weeks business was remarkable
in the history of Wall Street Transac-
tons for the week In stocks reached the |
enormous figure OF $4,000. making the |
daily average for the full days session |
over million shares
Dealings in the bond market were at |
tended with the usual marked variations |
in the semi-specuIative issues. There was |
in general a disposition TO employ idle |
capital in the stock trading where the |
rapid fluctuations gave promise OF /
speedy profitable return. Investment /
houses reported that their books were /
filed up with orders for primme liens.
and although issues Of this character
absorptive power OF the market prevent
ed any shading in prices
United States twos advanced = and the
threes and the new fours i in the bid
prices.
United States nves coupon. declined L:
registered u. and the old fours. regis
tered n