The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-01-28
1T FEARS No FRACAS
STOCK MARKET 10 LONGER DIS
IURBBD By WAR TALK

Activity Increased and Dealings Well Dis
tributed, Covering Both the Railway.
and lndustrials-Snsar Leads and It
Paul is second-Course of Prices Ioward
Higher Level, One Temporary Set
back Excep;ed-Anticipated Success
of the New Loan-MOney Market Diff
cultIes Observation-Disclosures Closes strong
New York, Jan. 27.-The stock marke;
today enjoyed a decided increase in
activity. judged by recent records, and
the volume OF business was unusually
Well distributed. The larger dealings
covered both the railroads and indus
trials. Sugar led with IS. 600 shares
with St Paul second with 81 800. TIE
course OF prices, a temporary set back
excepted, was uniformly toward a high
er level, and buying was less exclusive
ly professional than heretofore. A var
riety OF influences predisposed the stree:
70 the bull side. The chance Of any ser
ious contention between this country
and Great Britain, that cannot be ar
ranged automatically, Is now generally
regarded as remote. Then again. assn
rance OF the successful carrying out Of
the new government loan is doubly as
sured and in the best informed circles
apprehension OF impending stringency
IN the money market has been dsSsipat-
ed. Furthermore, the easier tendency
OF the money rates is expected 90 soon
extend 10 the market for commercial
paper where at present the inQairy for
even choice grades is only nominal
opinions are now generally confident Of
important favorable DEVELOPMENTS at
thursdays meeting OF the anthracite
coal presidents, The great interest IS
being attached 10 the progress that is
being made in the efforts 10 settle the
long drawn difficulties OF tbe Lssding
mining and carrying companies. 1t IS
expected that in the event Of a settle
ment on permanent lines the reorgani-
zatlon or the Reading would be readily
hurried through and the well known
poHcy OF the bankers in charge Is 10
work up favorable sentiment through
manipulation Of the general market. a
weaker tendency in the sterling ex-
change market is believed 10 have ef-
fectuaIly disposed OF the question OF
gold exports, upon an exchange basis
Tor the lmemdiate future. London prices
came higher and fairly large buying
FOR foreign account was noted in this
market. \ number of favorable exhi-
bits OF railroad earnings which came
10 hand, and, notably, the ST. Paul fig
ures for December, showing ah increase
in gross Of S561,12S and an increase Of
net OF $S35,6l1, and exerted a decidedly
stimulating influence upon the s2ecula-
tive sentiment
The market opened strong and gains
approaching point were scored early in
a ~ her ~ ms a
movement was checked by sales TO take
profits before noon and by vigorous
drives against Sugar and Tobacco,
Forcing those stocks down 17sG214 per
cent respectively. The decline Of the
first was based upon the now very ia
miliar report of the probable increase
by the German reichstag. in the bounty
paid TO German exporters OF the com
modify. The declines IN the general list
were not heavy, but many shares reced-
ed 70 below Saturdays closing figures.
About l O'Clock, however, a rally started
which carried stocks to the best fig
ures OF the day, with st. Paul, Reading.
Leather preferred and Rock Island
most conspicuous in the active list. Con-
sOlidated Gas sold up per cent on fur
Their rumors of a probable increase in
the dividend rate and coincident to the
reelection to the board OF trustees,
minnesota IRON rose "A per cent on re-
ported favorable trade conditions. The
market closed active and strong at gen
eral substantial Improvements.
The railway bond market was active
and strong with Reading issues leading
at advances of 14G1A per cent. The
total sales were So, 4S3, OO0.
The market for governments also
showed ripple OF activity, the sales
reaching $9l. 600 at important gains.
The bias and quotations showed but
little change.
In state issues only $4,000 Virginia
deferred s stamped and s. 900 Ten
neSSee settlement threes were dealt in.
GRAIN MARKER