The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-03-05
CLOSES AT THE TOP
TEMPER OF THE FINANCIAL CON-
EUNITY MORE CHEERFUL.
Cuban Scare is Losing its Power as an In
fiuence on the stock Market-Some
Commission Orders Mingie With the
DeaIIngs-Better Prices for Americans
in London-News Nearly Absent Except
for Some Encouraging Railroad Earn
ings Exhibits-Bouds Decidedly Strong
In Sympathy With Shares.

In Sympathy With Shares.
New York, March 4-Trading in the
stocks today was in about the same
volume as yesterday. The market ap-
peared 10 have cut away from the in
f1uerce of the Cuban imoroglio. The
greater part of the business was for
account Of professionals, but there was
also a little leaven OF commission or
ders. The temper OF the financial com
munity was more cheerful than at any
time since the introduction Of the Gu
ban belligerency resolutions London
lent some support and covering by the
traders was quite the order OF the day.
There was a marked absence OF news
having a legitimate bearing upon pric-
es, aside from the encouraging eXhio-
it's Of February gross earnings. includ-
ing those of st. Paul. The company
mentioned shows an increase Of SS1S,-
15e.. The market opened strong and
higher and a further degree or strength
was impaired by reassuring cables or
London prices for Americans and some
buying of the international shares here
II has become the fashion with the
traders TO mark time upon London, ow-
ing to the absence of outside interests
in the market. The upward move
ment was checked for brief interval
by an attack on Burlington which
caused drop of Ia per cent in that
stock. The selling was again attribu-
ted to the unsatisfactory character of
the January report published Monday.
Other stocks lost substantial fractions
ha Nd
ment was soon resumed with renewed
vigor. General Electric was espec-
tally strong, gaining IL per cent on gos
sip of expected favorable development
Sugar advanced IL per cent on re-pur-
chases by interests that were heavy
sellers last week on the Cuban scare.
Tobacco moved irregularly within a
range of point, and was sustained
by covering OF the shorts. Leather
preferred was exceptionally weak on
further liquidation of Boston holdings.
In the railway list gains were noted
in q number of the active stocks, rang
ing from 1Q1R per cent The market
received a slight setback around de-
livery hour on the execution Of realiZ-
ing orders. The reaction was Of only
momentary duration, however, and in
the further rally the coalers assumed
prominence. Delaware ana HUDSON
rose IL per cent, New ersey Central ~
per cent, Lacawana Ia per Get Tn
closing was quiet, but strong in tone,
at about the best figures of the day.
The total sales of stocks today were
$1,000 shares. including: American To-
bacco 1880; American Sugar $4,000;
Burlington and Quincy 22,500; Balti-
more and Ohio $500; General Electric
1880; Louisville and Nashville 16.6OO;
Missouri Pacific 1890; Northern Pacific
preferred 400; Rock Island 800; st.
Paul "a, 700; Tennessee Coal and Iron
100; Union Pacific 400; Western In
ion 1900; w, and i. Il. 1900.
The bond market developed decided
strength in sympathy with the improve
ment in the share trading. The vol
ume of business was also on an in
creased scale. The Northern Pacific
issues were the features and exhibited
marked strength on anticipation of i'm
portant favorable developments in the
near future in rela ton to reorganiza-
ton. Texas Pacific issues advanced
sharply ON speculative buying. The
aggregate sales were 81 1854 900.
Government issues sagged slightly
in the early dealings, but subsequently
stiffened and closed steady. The to-
tai transactions were $1S7, 900.