The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-06-17
JUST A FAVORED FEN
Stocks are Singled Out and
Others Neglected.
C0ALERS AND FLOWERS
Are the Conspicuous Ones
The Financial Forecast.

| New York June Is.-There was a small
| number CT stocks whose prices were marx
ed up at the opening today and for which
a buying demand existed at intervals dur
| ing the day. The coalers were conspic-
uous. especially the Reading isues, and
they rose On an average Of about IL
points. The Flower group also moved up
ward and gave some semblance Of
strength TO the general market. Aside
from this demand the market was almost
wholly neglected and in the hands % a
small coterie of professional tradrs. The
utmost endeavOrs of the operators did not
serve 10 move prices more than a small
fraction except in a few isolated places.
The advance in the coaers was pretty
Well held. It was attributed 10 the return
from Europe OF prominent fnancier who
has figured in many railroad reOrgs niZl-
tiO2s, and to the c.osing out OF options on
Lehigh Valley by sympathetic .5ltrol
Some Of these railroads displayed rather
firm tone in sympathy with Reading but
the movement of prices in them was in
consequential. The advance in the Flower
Air Brake made characteristic sky
rocket jump Of Is points. Colorado South
ern first preferred dropped pa presum-
ably on account OF the labor troubles in
the state. Metropolitan ranged over
points. but closed at a small chang
There was nothing in the general siU a-
ton that found any reflection in the sro,>
trading. The undertone was rather fJe
in the railroad list. partly IN sympathy
with the strength OF individual stocks al
ready mentioned. The announcement of
an additional shipment by tom 1rrow's
steamer Of s1,o00G)0 in gold was without
influence in the trading, unless II might
have been a feature in discouragins &C
tivity. Influence in the same direction
was the expectation of an unfavorahle
bank statement tomorrow. Last Satur-
days shipments, as we'll as those made
early in the week, viii all figure in to-
morrows statement but not today's en-
gagement. The banks are said 10 have
lost cash in other ways during the week.
and a large decline in that item is expect
ed in tomorrow's statement The item Of
loans cannot be forecasted, but there were
reports OF a calling of some loans yester-
day. suggesting that there may be a con-
traction of credits reflected by tomorrow
return. An incident of the day was the
firmer tone in the silver market in Lon
don, said to be due to buying for Indian
account and TO the effect of the Colorado
smelter strike.
The total sales Of stocks today amount
ed to 329. 537 shares, including: American
Steel and Wire. 1900; American Sugar,
$500; Atchison preferred. 1870; Brooklyn
Rapid Transit, 1900; Burlington. 15.3 0;
Chicago Great Western. 800: Delaware.
Iacka wanna ard Western. $40: Denver
and Rio Grande preferred. 500; Federal
Steel, 27.49O; Manhattan, 5000; MetropoH-
tan, 400; Missouri Pacific $500; New
Jersey Central, 1900; New York Central,
400; Ontario and Western 1000: PeunsyI-
vania, 1920; Peoples Gas, 400; Reading.
4.So0; do first preferred, p -OJ: do second
preferred, 42J0; Rock Island, 6,lO0; ST.
Pau Il go: Standard Disabling 1000 Ter
nessee Coal and Iron, $500; Rubber, 6.2o0.
The leading stocks closed as follows: