The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-02-01
C0ALERS HAVE LIFE
STRENGTH OF THEN STIFFENS III
GENERAL LIST.

News OF Thursdays Agreement Among the
Presidents of the Anthracite Companie>
is Quite the Feature of the Day-strons
Undertone Prevails, Notwithstanding
observation-disclosures Buying an Addi-
tionaI stImuIant- Heavy Buying ORDER.
Followed by Rush for Prohts-Reac-
tIon Ensues, Aided by Drive on sugar.
New York, Jan. S1.-The news OF the
agreement made yesterday by the an
thracite coal presidents. and the thor
ough appreciation of the important re-
cults likely 10 follow both 10 the COM
panies interests and TO the general pub
lie, was reflected in an unusual inter
est in the stocks OF the coalers group
today. In fact. the strength displayed
was the dominating factor OF the mar
ket, and stiffened the entire list. r.
regularity marked the course Of the
| speculation. but under the influence
noted a strong undertone prevailed as
a rule. Foreign buying lent a stimulus
| 20 the dealings. and good judges de-
| tected signs that the speculation was in
| powerful and experienced hands.
The general market opened firm, with
| the coalers overshadOwing the other
stocks IN animation Heavy buying
| orders were executed on them, sending
New Jersey Central up SIS per cent.
| Reading, rs per cent, SusQuehanna and
| Western preferred almost . per cent and
| the other coalers important fractions.
| The buying movement was soon sue
| ceeded by a rush 10 take profits, and a
| Z ~ ba
was accelerated by a determined drive
| against Sugar on rumor Of probable
| unfavOrable legislation regarding the
existing differential. The stock fen IL
| per cent. New Jersey Central yielded
to the extent OF IL per cent. aid ether
! prominent shares about point. Around
| midday the bull lever was turned upon
| the appearance of the foreign buying
| orders, and general rally was inau-
| guarated in which the top figures OF the
| day were recorded. Manhattan was
| marked up per cent, and houses with
| Boston connections were free buyers OF
General Electric, which gained 2k per
| cent, causing a revival of the rumOr OF
| a deal between that company and the
| Westinghouse people, \ squirt in Lead
| was based upon a story that the divI-
| dend on The common stock. to be con-
! y,
would be at an Increased rate. The dis
| burSement for the last quarter was J
| per cent No confirmation OF the rl-
mors was obtained. The improvement
| in the other shares were also notable
particularly in Southern preferred, Ten
nessee Coal, Lake Shore, Sugar, New
| Jersey Central and the Changers. Ar
! advance in call money to 6 per cent was
| not unfavorably reflected in prices. ow.
ing to the appreciation of its probable
temporary Duration. The higher rates
We're caused by the preparations max
ing by the bank for bids for the new
government bonds. The new issue wa:
offered on the street today at ia Pc
cent sellers. 30 fiat. The market clos
ed active and strong at the best price:
with material gains general. includinl
21k per cent in New York Central an,
General Electric. and Ia per cent il
Sugar and Southern preferret.
Dealings in bonds were upon a larg'
scale, aggregating $2,275. 900. Readin:
issues were again the main features an
The total business in them footed nj
Sl,906. 000 The market lacked the de
cided tone apparent yesterday, tn
movement Of prices being Irregular. J.
the late operations there was an up
ward movement, which was especial,
marked in Reading.
The government bond market wa
depressed, and sales were noted OFFS 10
. co.,
New York. Jan. 31.-The Evenin.
Posts financial cablegram:
London--The stock markets wer
quiet today but still firm. Home rail
remain the feature. Americans wer
good The rise in Reading had a goo,
effect on other receivership stocks
There is no public buying here yet an,
but small support from the continen,
The closing was under the best in tn
house. There was a small rally in tn
street. Gold is still quietly bought 70
America in the open market and
small amount is taken from the Banl
. Of England.
Paris-The bourse opened unsettlet
but closed firm.
Berlin-The stock markets were dul
today.
London-GoId to the amount Of fss.
900 was withdrawn from the Bank o
, England today for shipment 10 tn
United States.
BRADSTREETS STOCK REVIEW
New York, Jan. 31.-Bradstreet'
New York stock market says: The ris
Of the bullish sentiment in speculative
circles has been very marked durinl
the past week. Not only has Il led O
a somewhat wider market and create
activity. but 10 the development o
manipulation on the part of large spec
ulatlve interests which have found IN.
rank and file Of the Wall street pro
fessionals ready 70 follow their lead
ership. While public interest and par
t.cipatiOn IN the stock market has IN
| creased somewhat, Il i still upon
/ limited scale. and the advancing ten
| denotes which prices have exhibite,
may be attributed mainly 10 manip1la
/ ton Of particular portions OF the list.
/ The decline in exchange rates 70 be
low the specie export point has IA,
/ considerable effect in keeping up IN
buoyancy Of speculation. Europe IA
also bought stocks, though on a limit
I 81 scale and al the close Of the week
revival OF The public appetite for spec
! ulation was noticeable, It's manifest
I lions. however. being mainly confiues
70 the low-pr.ced members OF the shar,
list.
COTTON MARKET
New York. Jan. 3L-Cotton dull; MD
ding. So cents; net r=ce pts, so bales
gross. 80 bales; exports . the con
tinen:, loo bales; forwarded 81 bales
sales, - bales. sp.11sCs, ll5 bales
a. FaTa-z