The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-03-21
ACTIVITY
Is MARKED
Closing Was in Many In
stances Best of Day.
BOND MARKET WAS FIRM
Total Mas Not Large but Tone
Was Good.

New York. March 20.-General improve
ment was shown by the stock market to-
day. The absence of selling pressure at
the opening caused the professional eie-
ment to cover in q number OF the active
issues. with the result that numerous
material gains were registered. Southern
Pacific was one of the few exceptions.
showing more or less weakness through
out the day The bulk of the days busi-
ness was during the morning session,
though III the last hour the market re-
sumed its early activity and closing prices
were IN many instances the best of the
day. The better feeling was more pro-
nounced in the afternoon because OF the
greater ease in the time money market.
some loans being made at o clock. IL
was the general opinion that barring I'M
toward events the situation should con-
tinue to improve. The early gains took
In Canadian Pacific. Louisville and
Nashville. St Paul and several special
ties. including Minneapolis and st. Louis
which advanced points. and the steel
stock Later there were improved prices
for Baltimore and Ohio and Fries, New
ork Central. S.. Louis and San Francis
co issues and Rock Island. The advance
in the last two named was accompanied
by reports that an earl announcement
OF the much discussed deal Will be made.
In the industrial group prices reached a
higher level in Tennes se Coal, Colorado
Fuel, Consolidated gas. General Electric
and National lead. Sugar shares were
weak throughout. and Amalgamated cop
per was barely steady, though making a
fractional net gain. The decline in sugar
followed the operations OF a specialist.
who offered the stock down In hundred
share lots A feature of the early after
noon was the sudden demand for Metro
politan. which was said 10 come from the
large short interest. On fairly large tran
SactionS the stock made a net gain OF
points closing at that. Missouri Pacific
developed some strength by reason Of its
statements of earnings which was one Of
the most gratifying features of the day.
The hard coal stocks were fairly strong,
though not in active demand, and ST.
Paul advanced on what was reported to
be inside buying. London traded in about
Zoo shares here, buying slightly on bal
ance. The days business was compare
lively small and commission houses con-
tinued 10 report an absence OF public in
terest. Much of the buying came from
various pools and cliques that were prom
inent on the short side up to a few days
ago There was no change in the for
eign situation. Sterling rose a trihe In
-
toward the close. Very little business
was reported. MONEY. both for time and
demand loans. was offered in abundance.
Lut the demand was again only moder-
ate. Forecasts of the week. movement
indicate only a comparative slight loss
by the banks. The increasing strength of
the market during the day led TO more
general inquiry for numerous minor
stocks. which had not figured in the rally
to any extent. These included Chicago
Terminal issues. Colorado and Southern
issues, Lake Erie. Evansville and Terre
haute and several other obscure proper
ties. North American made a jump of (
points, but did not maintain the full adj
vance, and several other high grade
stocks which have been recently liqui-
dated improved.
The bond market maintained firm tone
throughout the day but was somewhat
lass active than on yesterday. Total sales.
par value. $l.7i5O0c. United tSates new
Is and IS advanced !. on the last call
Closing quotations of stocks were as