The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-02-20
NOTHING MUCH DONE
STOCK MARKET ENTIRELY 4 PRO-
FESSI0EAL AFFAIR.

Only Three Stocks Develop Even = Sem
blance to Activity-News of the Day
Consists of the Burlington and Lead
Dividends, and the Railroad Earnings
Reports for December, Including the
Union Pacific Increases Opening
Slightly Higher on London Quotations
Close at General Net Improvements.
New York, Feb. 19.-The stock market
today was purely a professional affair
and the dealings were unrelieved by
news OF an especially interesting char
acter. London was an Indifferent fac
tor, trading in a small way on both
sides Of the account. Only three stocks
made even an approach 10 activity and
these were St Paul, Sugar and Burling-
ton, the first mentioned leading at 1920
shares The news of the day consisted
chiefly of the declaration OF the regular
quarterly dividends upon Burlington
and National Lead preferred and re-
ports of earnings. including the exhibit
of the Union Pacific system for Deem
Der. showing an increase in gross OF
1858, 295, an increase in net of So. ga and
an increase in net for the year OF 81 SOL,
S02- A slight decline in actual rates
or stearling exchange was also noted.
Some influence was eXerted, but chiefly
in the government bond market, by
the announcement from Washington.
that the j. p. Morgan syndicate would
be awarded about 81, 10000 of bonds.
payment of the installments upon which
had been defaulted by the parties to
whom they had been originally allot-
ed. The news of the Burlington divi-
dend though fully anticipated was fol-
lowed by an advance of IL per cent in
the price of the stock and contributed
TO the general firmness Of the market.
The opening was quiet and slightly
higher all around. under the influence
Of higher quotations for American
stocks in the London market. The early
gains were mainly fractional and were
the more important in the granger
stocks. The room traders, around mid
day, assisted by realizing sales, succeed
ed in bringing about declines, uniIn-
p0rtant except in the case Of Sugar.
that stock yielding rs per cent. The
statistical report regarding the Sugar
industry continue encouraging and fur
Their advances in various grades were
noted today. Shortly after l o. m the
a moderately increased volume OF bus
mess. Manhattan gained Ia per cent,
Southern preferred per cent and Sugar
Union Pacific and Louisville and Nash
vile = per cent. The closing was
strong in tone with fractional net i'm
provements general.
Business In railway and miscellan-
eous mortgages was on an enlarged
scale, the sales aggregatlng s2.us.0oo.
The dealings were attended by decided
strength, with the Northern Pacific is
sues the features both in point OF ac-
tivity and advance. St. Louis and San
Francisco trust fives were conspicuous
by a break of per cent and a subse-
quent rally of go per cent. The prin-
cipal advances were: Wisconsin Cen
trail firsts trust receipts per cent; Chi
cago and Northern Pacific firsts trust
receipts and Northern Pacific seconds,
Ia per cent; Northern Pacific thirds l
per cent; Northern Pacific fves IL per
cent; Northern Pacific receipts ~ per
cent; Wabash seconds Is per cent and
Texas and Pacific seconds and Union
Pacific, Denver and uGf firsts l per
cent
Government bonds exhibited continu-
ed strength. The new fours coupon
were again today the leaders and on
puIC ldScS VI Sl,Ooo,VOO, IOSe a per cent,
to 1I77s per cent, as compared with
yesterdays final price. The other is
sues Were also marked up sharply. The
aggregate noteworthy change in values
on dealings of $50, 900.
LONDON STOCK MARKET.
New York. Feb. 19-The Evening
Posts London financial cablegram
says:
The feature today is the strength of
the investment demand, under the force
Of which consols have been carried 10
l09S and an order to buy a large
amount is still awaiting execution, so
that further rise is probable.
Practically nothing was doing IN
Americans. Argentine securities are at
tracing much attention and there is
a revival OF activity in South American
shares.
The Paris and Berlin markets were
steady today. An easier tendency is
observable in the Paris money market
owing TO over-provision having been |
made for the Tonquin loan.
GENERAL Markets