The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-05-17
STOCKS QUIET AGAIN
Bears Leave the Street to Its
Own BuIIish Devices.
PRICES STEADILY HELD
Or Moving Upward = Bonds
Also on the Rise.

New York, May 16.-Todsys market was
remarkably quiet after the recent ex-
element. the total sales being little more
than half the number Of shares sold dur
ing the panicky TWO hours OF SATURDAY,.
Apparently there was no such thing as
bear Spectator in existence, but With the
exception of slight irregulsrity in prices
at the opening and slight relaxation in
values in the last hour of the market.
the course OF prices was steadily held. or
moved increasingly upword. This was
rather contrary TO the general expecta-
ton. which was that prices would tent
downward in the absence Of buying by
shorts, VINO were largely closed out ty
Yesterdays rise. and with less strenuous
support from the powerful alliance Of cap
italists who came TO the rescue of the
market This combination was believed 10
be simply for the purpose OF sustaining
the market against any precipitated at
tempt at liquidation. The bull movement
which the lote Mr.. Flower and his as
socfates had iGaugurated previous 10 his
death was felt TO be bold under existing
conditions and its continuance was hardly
looked for. There seemed fair prob
ability that some of the uncertainties to
the season must cause a reactionary ten
dency for a time. But the professional
traders after the early transactions took
the long side OF the market and there was
uninterrupted absorption OF an extremely
varied list of stocks throughout the day
I'M
the market into a lethargy and nothing
but resumption Of the rise brought any
activity. London was scarcely a factor
either way the market there being neg
4ected On account of uneasiness over the
situation in China. A slight hardening in
the rate Of exchange had no other expIa-
nation than this same uneasiness Money
IN New York, however, worked decidedly
easier snder the influence of receipts from
the interior. The money market bene-
hted also from yesterdays payment of
the final 100000 installment to Spain on
account Of the Philippine purchase. The
Flower stocks. especially. PEOPLES. Gas and
Brooklyn Transit, enjoyed the greatest
auVsntase in the days movement. but
tilere We're notable advances also in the
stocks Of other New York municipal cor
poratfonS on the prospect of attending the
Ford franchise tax bin. Stocks OF the
various steel and iron companies were
also strong and there was activity and
strength in Chicago Terminal In The
railway list. Central and Southern Pacifc
rose nearly 3 per cent on a belief OF a
beneficial effect OF the unifcation Of the
system number Of other railroads ad-
vanced point or over and SSugar fs m
points on the day. Tobacco gained : 10
points. The dosing was near the top and
firm but quiet.
The total sales Of stocks TODAY amounted
10 1855 shares including: American
Steel and Wire Is 100; American Sugar
$500; American Tobacco. 300: Atchison
preferred 2. 200; Brooklyn Rapid Transit
o|z"; Central Pacific. 1880 Burlington.
lLVo; Burlington rights, :. 800: Chicago
consolidated Traction, 100: Chicago Tor
InlnaI' 100; preferred 1900; Colorado Fue1
and IRON 100: Consolidated Gas. 2 20.
Continental Tobacco 1900: Federal Steel
LOW; do preferred, $50: International |
Paper. 1890: Manhattan Consolidated. II
o'; metropolitan Street Railway 1851. /
National Steel. $500: New York Central
~" New York Central rights. 400. I
Northern Pacific $500; Peoples Gas. o.
80; Rock Island. 100; ST. Paul. y zoo. /
Southern Pacific. IS. 100: Tennessee Coal
and Iron, $500; Union Pacific. 6. 40. do !
preferred $500; United States Rubber 6
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