The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-02-15
HAS BEEN STRONGER
WHAT THE WEEKS REVIEW OF TIL
STOCK MARKET SHOWS

| Irregular Strength the Characterlstic-
Success of the New Loan "a Stimulating
Public Interest in the Market, and IS
Bringing London Round as a Buyer, In
Spite of Former SkepiicIsm-Eneet OF
the Smoothing of international
Wrinkles-Market has Been Broader
Close Of the Days Transactions
New York, Feb. 14-Tobacco moved
within range OF about IL per cent or
purely professional manipulation. The
railway shares as a group were not es-
pecially noteworthy. Slight declines
occurred in them early. but there was a
subsequent practically general improve
ment 10 about last nights closing, uu,
der the influence OF a buying movement
that was in progress around l O'Clock.
Weakness characterized the market
around the final hour. Manhattan
broke ga per cent, 10 107% per cent,
without fresh report or rumors. Other
leading shares were depressed 1Glls
per cent. the grangers leading. The
closing was rather quiet and weak,
with values ruling at a low point.
The bond market was dull and gener-
ally firm. Sales aggregating s1.I6O, OO0
New York, Feb. l4.-Bradstreet's re-
view of the New York stock market
for the week says:
Irregular strength has characterized
the trading on the Stock Exchange for
the past week. The outcome OF the
bond issue has stimulated public inter
est in the market and brought in a con-
siderable volume Of new buying orders
London also purchased our securities
to certain extent, the market there be-
ing affected by a renewed movement
in Kaftir circles and Americans being
held in better esteem on account of the
success Of the bond issue and the de-
creased fear OF silver legislation by con
gress, as well as because Of the pros
pect OF an understanding between our
own and the British governments in re-
gard to the Venezuelan question. The
foreign buying was of very marked
character on Tuesday but was checked
on Friday, largely because Of the ap>
pearance Of friction between the Boer
government of the Transvaal and the
British authorities. The rapid resto>
ration Of the treasury gold reserve 10
almost proportions through payments
for the new bond sales also had a IA
vorable effect on speculative sentiment,
though the withdrawal Of considerable
amounts Of gold from the treasury TO
be turned back TO il Immediately in
payment for bond subscriptions was
naturally regarded as an anomalous
feature-one, however, which could not
be avoided under our present currency
system.
The crushing vote again the senate
silver substitute for the bond bill in the
house OF representatives was another
incident OF an encouraging character
On the other hand, professional inter-
estS have continued to realize their pro-
fits on blocks of shares purchased be-
fore the beginning of the present rise,
and the traders have appeared anxious
for reaction, both ito cover shorts and
to attract fresh buying at a lower level
or prices. J><though the market has
been broader, The participation is
of much more general character, and
a decidedly larger number of stocks
have pa -icipated in its movement The
underlying tone has been bullish, al
though the realizing referred to above
and the disposition of the traders 10
sell on rallies has created irregularity.
though the appearance of buying,
whether from our own public or Lon
don, has caused sharp and decided COW
ering.
On Friday the market had a reaction
airy tone, but was steady at the close.