The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-02-25
GOES ON CHEERFUL
STOCK MARKET IMPROVES THROUGH
TIE DOUBLE HOLIDAY.

Foreign Dealers Maintain Interest In
Americans-Gold Reserve increasing
and Money Eariier-Railroad Earnings
show Up Better-Cspit~lists Coming
Forward With Idle Money-Silver Bull
ion Certificates Higher Than since DC
tober-BsItimore and Ohio wesk-In-
ternationals strongest-Bonds Stronger.
New York, Feb. 24.-The stock mar
ket started in after the double holiday
with a cheerful sentiment ruling. Con-
tinued interest in our securities was
| displayed by the foreign dealers. ami
an encouraging feature was the report
| of a fairly large business by commits
| sion houses. The seteadily increasing
gold reserve of the treasury, the ease
| in money, the evidence of the desire of
| capitalists TO employ idle money. as re-
| fected in the strength and activity of
| the railroad market, and substantial
| Improvements in railroad earnings,
made up a part of the bull program.
An advance in the price of silver bull
| lion certificates 20 the highest point
since October last also quickened the
sentiment in favor of higher prices
St. Paul and Omaha was stimulated by
| the publication of the report for the
| calender year, exhibiting a decrease in
| operating expenses of $l09.5S2 and an
increase in surplus after a dividend on
| the preferred stock of $306, go. Balti-
| more and Ohio was the weak feature on
| unfavorable predictions by the traders
! as TO the result of the expert investi-
CATION now going on regarding the
| financial outlook OF the property. II Is
claimed that the result of the exam
nation Will be TO compel the heroic
action that has been so long deferred.
The railway shares. as a group. sur
passed the industrials in point of activ
| ity, although in this respect Sugar
came next 20 St. Paul, which led the
entire market in extent of trading. The
| greatest strength was displayed by the
international group. Denver and Rio
| Grande and Lake Shore rose 2ls per
| cent, Louisville and Nashville is per
| cent, Atchison preferred is per cent
and other leading shares 10 a less eX
tent. Sugar held first place among the
industrials, and on renewed pool man
| ipuplation gained Ia per cent, TO n11a
per cent. General Electric improved
~ per cent and Tobacco. Chicago Gas
and Distilling nearly point The up
ward movement was checked at inter
walls by realizations, but the offerings
were we'll absorbed. The market clos
ed active and strong with substantial
gains in many shares as result of the
days trading.
The total sales of stocks today were
221, 719 shares, including: American
m
lean Sugar, 2S.700; Burlington, 9100;
Chicago Gas, 1890; DistilIing and Cat
tie Feeding, 1900; General Electric, s..
600; Louisville and Nashville. 23.400;
North American. $500; Rock Island. o
500; St Paul. sc, 300: Tennessee Coal and
Iron 800; Union Pacific. 200; Wabash
preferred. 1890; Wheeling and Lake
Erie, $500; Southern Railroad prefer
red, 800
The bond market exhibited increas-
ed activity and strength. feature Of
this market, being the execution of lib
eral investment and speculative pur-
chases for foreign account. There was
also an active local demand from cap
| italists and financial institutions. The
aggregate sales were s.. 49,. 900.
Trading in government issues was
comparatively quiet, but values We're
fairly well sustained, on sales aggre-
| eating S132.000.
Silver certificates advanced sharply
| today, $4,000 being dealt in at 694 d70
per cent in response to a higher London
| quota ton and the resulting improved
! commercial price here. The buoyancy
of the white metal was chiefly due to
demand in London for shipment to In
| dia- The supply has been depleted by
the decreased production and low price
| which, on the other. hand, has increased
the consumptive demand for use in the
|