The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-02-22
WAITED FOR BONDS
MARKED FEATURE OF THE PAST
WEEKS SPECULATION.
Nothing Doing Early I'm the Week Except
Some Bears Work in High Priced
StOcks-Firm Undertone in the Rest OF
the Market-Foreisn Interest Confined
to the "New Yankees"-Geueral Trade
More Irregular--Confden REEVES on
the Bond Issue-About Iron, Coal,
Fibres and Farm Products in General.


Fibres and Farm Products in General.
New York, Feb. 21-Bradstreet's FL
nancial Review for this week will say:
The disposition to wait for the con-
clusion Of the bond issue and its effects
was even more strongly marked this
week. Speculation during the early
part of the week in fact dwindled away
to nothing and the only apparent inter-
est was confined to some bearish man
ipulation in the high priced canned
stocks. At the same time the rest of
the list showed a firm undertone, which
was not shaken by the threatened DEM
onstration of the silver men in the
United States senate, or by the news
that a small premium was paid for
gold not taken from the treasury and
| which was wanted in connection with
the arrangements Of the bond syndi-
cate.
The trading for the past week has
been entirely professional Outside in
terests are at the lowest ebb and though
London has taken kindly to the New
Yankees" as the four per cent bonds are
dubbed in the jargon of the market,
1T has shown no disposition to interest
itself in our railroad stocks.
The feature of the market was the
| continuance of selling pressure in New
Jersey Central in the early part Of the
week. The movement looked to some
extent like liquidation by investors and
was accompanied by very gloomy dc
counts of the coal trade and of the nom
success of efforts to bring about a set
tlement between the companies inter-
ested in it. 1t is, however, believed
that the low prices for New Jersey Cen
trail, which touched S11a per cent on
| Monday, and of Delaware and Hudson
and Lackawanna, which fell to l25 per
cent and 1862 per cent, were due to
bear selling. 1t may be noted that the
| Vanderbilts have this week secured an
additional representative on the Lack
awanna board. The induStrials have
been strangely neglected. Sugar has
shown a little stronger tendency.
American Tobacco has had another
break and the trasfer of the control of
part Of the Chicago Gas properties to
the new parties and rumors that a
floating debt has been unearthed, were
both without influence on the stock.
BradStreets on Saturday will say:
General trade during this, a short week,
has been irregular. The success of the
latest emergency bond issue has re-
vived confidence somewhat in the gen.
eral financial situation. Iron and steel
are no more active, recent advances
being barely maintained.
The outlook in the soft coal industry
is more settled owing to the efforts to
form a pool, and steadier prices and
wages are expected. The prices have
not reacted materially, concessions in
quotations in cattle, lard and oats be-
ing the only losses to note; cotton goods.
it is true, have been hardly steady. but
hogs, pork, cotton, iron and steel re-
main firm, while prices for wheat,
corn, coffee and refined sugar made
fractional advances during the week.
Prices of wool continue weak, about
200, 900 pounds of Xxx and above having
been picked UP by manufacturers below
y cents. In dry goods, foreign dress
woolens are relatively most active
jobbers supplies being taken about as
fast as received. COttonS are quite
dull; buyers being Is cent lower in
their views than sellers Milder, bright
weather has stimulated sales by retail
ers and jobbers somewhat. Exports
of wheat from both coasts of the Uni
ted States Seattle telegram missing)
are naturally smaller than usual for n
week, owing to the holiday, the total
amounting to 1885, 1913 bushels, against
e,572, 900 last week. 100000 in the week
year ago; 2,546.000 two years ago and
2,307 900 three years ago.
Net railway earnings for 1894 are not
encouraging Gross earnings Of 13S rail
roads for the year are SS67, 62S, 623 and
net $627. 073, S72, a decrease respectively
of Ill and lis per cent from 1898. In
1893 a similar comparison showed a de-
crease of 1.6 per cent in gross and "a
per cent in net. The best showing is
made by the eastern railroads which
show the only gain-S.5 per cent-over
1893. OF the roads showing decreases
the best exhibit is made by the south
ern roads, a decrease of less than l per
cent. The Southwestern and Pacific
roads make the poorest showing, 2o-S
and 1913 per cent decrease.