The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-01-14
MILLION SHARE MARX
Reached Three Times in Wal
Street This Week.
FIVE DAYS TRANSACTIONS
Exceed Any Five Days in the
Exchanges History.

New York. Jan. 1s.-Stocks again made
further progress upward today. and in
some cases the advances were considerable.
Transactions in stocks were over million,
making the third million-share day this
week. while on the other TWO days trading
was but little short OF the million-share
mark Transactions so'far this week have
exceeded those Of any similar period in the
exchanges history. London in the early
trading was a purchaser. but subsequently
the preponderssce OF arbitrage dealings
were sales. There was an hours delay in
transmission of ables and this largely re-
slricted the foreign transactions Commits
sion houses and traders were the purchas-
ers in the general list. Interest frequently
fUctuated from one stock 10 another and
when any stock started upward, fol-
lowing continued the rise. The reduction
in the floating supply is the prime divi-
dend-paying stocks and their attendant
higher level lea 10 renewed interest in the
l0wer-priced stocks. There was large de-
mand for the standard stocks, the grang-
ers and New York Central leading. Bur
lisgton. Rock Island and ST. Paul made
the best prices in years. Burlington made
an extreme gain Of 27s. on expectation that
the December statement would be very
favorable. This statement, however, is
not due for two weeks yet. Among the
,ow-priced stocks which were in keen re-
quest we're the Pacific and Southern Rail-
way, which advanced ! asd L. respeC-
lively, for the preferred and common.
There was but little doing In Pennsylvania
which ended in a slight loss. Renewed
talk of a possible betterment in the coal
trade rendered the anthracite coalers buoy
ant. Readisg first preferred and Jersey
Central being especially conspicuous. The
greatest rise Of the day was made by New
York Air Brake. with 10 points. The con-
fdent assertion that Brooklyn Transit had
acquired control of the Nassau Electric
railway resulted in an extreme gain of
ga for that stock, most of which it re-
tanned. aMnhattas. on further reports re-
garding electrical equipment, advanced
over 2 points Sugar rose points on the
report that a new trust was to formed,
taking in that capital and a number OF the
Independent refisers, but a denial of the
rumor as far as 1t concerned some of the
interests mentioned, resulted in a partial
reaction. In the afternoon the speculative
leaders ecame dull for while. but as
sumption of enormous purchases in the
Pacifics was accompanied by an increase
of business in the rest of the list Profit
taking toward the end rendered some OF
the stocks decidedly weak, while generally
a good tone prevailed.
Total sales of stocks today were $685.
400 shares.
Bond prices generally moved upward.
with some usually neglected shares figur-
ing prominently is the market Total
sales, s4,650.Oo1.
United States new As. coupon, advanced
SIS and As registered, the 3's and the old
As. coupon. IA in the bid price
FOREIGN STOCK MARKETS.
New York. Jan. 13.-Commercial Adver-
Users London financial cablegram: Set
t!ement and Geographic Interruptions re-
tarded business here today. The tone was
firm. Paris was almost entirely shut off.
Americans opened dun. while prOfit-taking
proceeded with fair activity. New York
quotations were delayed until near the
close. when the market was strengthened
and became lively. There was active bid
ding for Southern railway securities and
the general feeling of cheerfulness pervad-
ed the market. Coppers were good. Tin
tos touched 30 IS Anacondas opened at
7-16 to end in March. Gold in bars to the
extent of 9131, 90 was taken by the bank
at rs l0d.
BRADSTREETN FINANCIAL REVIEW.
New York, Jan. 13.-Bradstreet's Finan-
cial Review tomorrow will say:
All records OF sustained bullish move
ments in Wall street have been broken.
This week has seen successive daily trans
actions Of 100000 shares or more. with
higher quotations throughout the share
list Ordinarily the extreme activity and
the no less extreme prices would suggest
that the market was nearing a culmina-
ton, as was the case in 1871, when the
last speculative excitement was about 70
terminate The confident sentiment which
has brought the public into the street
seems, however, 10 be undiminished, and
though conservative interests deprecste
the rapidity with which the markets seem
10 be moving 20 an extreme. il is admit
ted that present favorable financial and
other conditions as well as the greatly
augmented facilities for speculation which
+: enjoys. render it futile 70 form conc.u-
sions about the immediate future based on
former experiences.
Il Is now probable that this week the
market has presented growing evidences Of
and OK a decided increase in
the amount OF purely speculative purchas-
ing in contrast with the investment de-
msnd for securities. which was 50 nots BY
displayed prior 70 January / An lmpor-
,anr Indication OF this IS furnished by the
comparatively smaller dealings in bonds.
stock sales. and hy the tendency % the
former class % values 20 recede little
from their recent high level
There has also been a great deal ~ IL
regularity In the movement q different
parts OF the list some groups Of stocks
presenting The appearance CT taking
profits. while others advanced. The par
% the public IN the movement
c4a be gauged BY the volume u orders
by commission houses Tor Ioc4l
and out-of-towR spectators. Chicago ~
one time furnished a large amount q bus
mess. As was the case IN ne preceding
week the disposition seems 20 b. % fo,-
o. The leaders Of the speculative world n
whatever direction they indicate. tnouxa
when one part u The lis; IS Temporarily
abandoned. and The realizing sales cause
-ecessions- sufficient buying seemed % DE-
se.op . prevent the declines Sron being
~ ~ severe. London has Tot been az i'm
oorta1t factor AltaouEa AnsElca1z Esre
ne active feature there ard ~ British
public seems inclined % buy. there wzs
lezvy foreign realizing and arh.trszs
brokers' are known 20 have borrowed large