The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-02-22

New YORK. Feb. 2l-The stock market was
dull again today. the volume of business
being even lighter than yesterday; but, as the
trading was more generally distributed, there
was an appearance of greater activity. Lie
speculation was, however, decidedly stronger
in TONE and there was at times very healthy
movement, full of comfort to that part OF the
speculative fraternity which looks forward TO
an appreciation in values. As the tariff Dill Is
The leading factor of the situation, every
thing which tends to create a sentiment on
the one side or the other of that question has
influence upon the market. The election in
Pennsylvania yesterday was looked upon In
The light of an instruction to the national
lawmakers to modify their views on the
Tariff, and hence was made use of by the bulls
to move up prices Washington advices were
scant as to new development, and the deal
ings In the industrials were consequently re-
stricted, neither side of the market caring 10
operate heavily on dead reckonings.
There was fairly good buying of Sugar,
which gained "a per cent in the day, having at
one time made an advance OFFS per cent, but
subsequently losing it all. and finally rallying
81 per cent. Distilling was very firmly held
the buying being mainly for western account
A prominent bear operator is credited with
selling the stock short, and thus counteract-
ing the influence of the purchasing move
ment, the result being that the shares adj
vanced only the smallest fraction. Chicago
Gas was also prominent In the dealings; buy
ing ON orders from Chicago sent it up per
cent in the morning, but when this support
was withdrawn, the short interest took an
inning and broke the shares IL per cent, the
closing sale being at rally of only u per cent.
A report was circulated in the morning that
the General Electric compBny was on the
road to prosperity and to a dividend on the
common stock, and purchases were thereby
Induced at an advance of IL per cent An Of
fetal statement that there was nothing alb
normal in the business of the company TO
cause an appreciation in the stock led 10
realizations of the profits Ofthe improvement,
and thus caused a reaction of Is per cent.
In the railway list st. Paul and Burlington
did the bulk of the business, ST. Paul was
bought by London and the west, and cable
Rdvices were 10 the effrct that the foreign
shareholders had received assurances that the
dividend for the current quarterB would be
duly paid. An advance of * per cent was all
that could be reached, and of this h per cent
had been lost at the close. A scarcity of Bur-
lington shares in the loan market led the
shorts to cover, and caused an advance of q
per cent, but the later dealings were on a re-
acting market, and the closing price was q
per cent of from the best. Western Union
fiuctuated within a limit of Y per cent, gain
ing 81 per cent on the day. In the rest of the
list the transactions were tri1lng and the
changes In prices very slight, except that
Wisconsin Central rose per cent and Cordage
preferred and New York, Chicago and st.
Louis each per cent, and Toledo and Ohio
Central declined = per cent. The market
closed generally firm.
The probability ofgold shipments was again
brought forward by reason of a Slight advance
I,,c hrt fDar of
Mt current rates is slight to make such
ventures not very alluring.
The bond market was very strong all day,
and nearly every issue traded in recorded an
Improvement, the most prominent of which
were Wisconsin Central first. 27s per cent, and
Oregon Railway and Navigation SIS p. per
cent