The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-04-02
che qaaierx 1ai1p Tuesday gIorriue april 2 1891

Oooshares, according TO today's amended
certificates of incorporation, is to con-
stitute new era in the volume of deal
ings Of the individual stocks.
single commission houses did a suffi-
Gent business in these stocks alone to re-
allze handsome fortune simply from the
brokerage commission on their opera
tons. One house was credited with sell
ing upwards Of 500.O00 shares OF United
states Steel preferred and various other
houses between $1,000 and 100000 shares Of
eieaer one Or the other stocks. The
sources required for the support Of a
stock in which dealings are on such a
scale today confident purchase of all the
STOCK that may be offered at current quo
tauons staggers the imaginttion. But
today's event proved that the powerful
syndicate back of these securities was
equal TO the task It is current belief
that the market mana cement Of the
stocks is under the care Of the most con-
spicu0us and widely known professional
Operator in the Street. The offerings
which were hurled on the market fairly
staggered the prices for a period, but
they were rallied and moved upward
through the avalanche, the common ris-
ing % and closing at the top, while the
preferred rose an extreme IL and closed
within IS Of the top. The course of these
stocks had a large influence on the ulti-
mate movement Of the whole stock mar
ket. There were points Of great strength
mere and there in the early dealings, but
the proft-taking sales were on an enor-
nous scale, and the movement OF prices
highly irregular and conflicting until past
the noon hour. Many Of the opening ad-
Vances were about wiped out before the
final outburst, which carried prices to
the highest Of the day. A final realizing
movement carried the most active stocks
down again from ] to points and made
the closing very irregular. Rock Island
was feature all day. in spite Of denials
of reported consolidation with the Atchi-
son systems and of other rumors set
aflOat to account for the movement in
tie stock large part Of the specula-
ton was apparently based on the dis
parity between its price and that Of the
other leaClng Changers, which have had
such tremendous advances in the last
few months. The extreme rise in the
stock was AZ and its net gain points.
St Paul was strong throughout and be-
came quite buoyant, rising 53s, but falling
back " on the reaction. Union Pacific
was very actively dealt in at an extreme
rise Of 215, and Manhattan was advanced
as much on large dealings. All of the
Steel stocks were quite volatile both
chose included in the merger and the in
dependent companies. Republic Steel
preferred rose an extreme Ga points,
Sheffield preferred a. and Tennessee /
Coal 49, None Of these advances were
fully maintained. Quite a number of dor
mant stocks were advanced sharply, Pull
man rising 63s. Burlington was quite Sc
verely depressed by prohibiting, falling
at one time 31s below Saturdays closing
price, but ending with net loss Of only
~. Lackawanns, after an early advance, /
fell 35s under Saturday.
Losing prices Of stocks were as fol-
lows:
Atchison 5000. e35glWheel & L. E. 10
BALTIC. & Ohio. 925siW Wis Central -. 205g
Can. Pac 900. SO Third Ave I'LL
can. South 800. 6A4IB. & o. pfd... 96B
Chesa. & Ohio. 1853 Nat. Tub. TT. 6716
Chi, @. W.. . DO pfd ...119
Chi, 3. & Q...173k ANAL Copper .l0GA
Chi, Ina. & L.. $50 Adams Elk ......160
DO pfd ........ "a Amer. EZ .......200
Chi. & e. III. u8 iU. S. Elk ........ II
Chi 81 NOrthw 1884 els Fargo Ia
Chi, II. 1. * P.159 Am. Cot. OIL. 25$f
C.C.C & st. L.. 81 do pfd ........ s.
Colo South go. 1l7sI Amer Malt .... 81
Do q P B5i -. 2iq4A@2, g BTa & Re 52y
Del. q Hudson 17Z15 do pfd ........ 941s |
Del, L. & ...2l5 Amer. Spirits q. 215
do pfd -. 9715iAm. Steel Hoop &
Erie ........ 81 DO pfd 1890. 90'z /
90 1st pfd 80. 70il Am. Steel & w. 4S$4 |
CT North pfd 20024i do MD ........112
Hook. Valley. 64l4l do pfd ........l297s /
ID. Central 800. II Am. Tob -.......J23$4 /
do pfd ........ 61ts do pfd ........114
Lake E & W. 60 AN. Mining Co.. 46
do pfd ........127 Brook. r. Tran. 8Sls /
Lake Shore ....2l9A Colo. y. & l.. 5l12 /
louis. * Nash.100ll Cont. Tob ...... 445s /
Nanhatta i ....12Sisl do pfd .....-..103ls /
Net. st. Ry... .l69sl Fed. Steel $500. 50
Mex. Central q. Z27sI do pfd .-......105
Mimi. q St. L.. S6$t Gen. Electric ...21S
90 ptd ........llZ iGluCose sugar =. 5D9s
nj
Mobile & Ohio S0i3 Int PAPER 49,. 27H
NO., K. q t.. Z5ls| do pfd ........ 79$f /
DO pfd ........ 575sI Laclede Gas .... S11s /
Y. j. Central .155 NAT. Biscuit 80. 4114 /
81 Y. Central. .l4lasI do pfd ........ $50
TOrf & West. 50&4 Nat. Lead 800. 1864 /
do pfd ........ S5ia do pfd ........ S3ls /
North. Pac go. 95S4 Nat. Steel b9ls /
do pfd ....... 92ls 90 pfd 1872 /
Ont. &, Vest. Sc N. Y. A Brake. 1l5
Dr. Rv. & Nav. q North Amer .... S7A /
do pfd ........ IS iPac. Coast ..... 81
ennsvlvania .-15si2 do list pfd zee. 81
Reading 1900. 1864 do I'd pfd .... 81
do LIST pfd 49,. 76s4 Pac. Mail 1900. So
DO I'd pfd .... 6&a PEOPLES Gas ..l071a |
Rio G.. Vest. 81 Press Steel Car 90
st. T. & s. T.. 45iE Pull Pal Car.213
do 1st pfd ..-. S3l Stan. r. & T..
do "a pfd 6S Sugar -.-.---....-l40lk |
st.. T. SOuthw- .5i2 do pfd ........iN
do nfd 49,. Gas Tenn. c. & L.. 6f5s I
st. Paul .......153 Z. s. Leather 1879
st. p & Old q. S. Rubber :. 20is
south. Pac .... A. do pfd .-..... 1855
south T}y $500. 1885, West Union 80. IS
do pfd ........ IS Rep. T. & S.. 2i&
rexas & Pac.. $685. 90 pfd ....... 7eA
Union Bac --.--. &-e L. :. steel ...- ass
do p1d ..-.s-.. 50 do pld ....---. s1aa
n ab3Sh ~ Z. g. C. a. ST. 30
do pfd .-....-- 20
Although government interest disburse-
neuts are expected to yield over 100000
70 e money market tomorrow, the alb
iorption Of cash by the sub-treasury on
outline operations ccntinus very large.
sterling exchange advanced fraction to
he gold export point today or the large
demand from stock houses. who are buy
ng American stocks abroad. After the
stock market had closed "a 10000 gold
TO Europe for tomorrow was
announced and more is expected to go
turing the week. The tone OF the money
market was distinctly harder, bat not the
lightest effect was produced on the spec
llation Conjecture was ut q loss to ac-
cunt for the heavy and concentrated /
euing of the United States Steel stocks,
lut there was a suggestion that it was
hue to the purchase OF an interest
mounting TO several million dollars.
which the syndicate of underwriters had
greed TO sell. but had decided to pass the
uen market.
The bond market was not So active rel
lively rs the stock market, but bust
less was larse and the movement 81
rices irregular. Total sales par value,
G 0s5.0ga United States threes and new
ours declined g per cent on the last call.
New York Money Markes.
New York. April Money on call
ominauy az per cent. Prime mer-
antie paper. 5i1 per cent, Sterling
xchange hrm. without actual business in
ankers' Bills. Mt s. $50 a-eo'4 Tor demand