The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-02-19
MARKET WAS DULL
STOCK DEALINGS DEVELOP LITTLE
OF MUCH INTEREST.

Results of the Days Transactions About
Evenly Divided Between Gains and
Losses, and Neither of Much Importance
Buying for Foreign Account the Sus-
tanning Infiuence-Money Market In
Good shape, Considering the Loan
Railways Show Good Receipts for Last
week-Close Active aad Heavy.
New York, Feb. 1S.-The stock mar
ket was rather dull throughout :he day
and devoid Of special interest. As a
result of the trading prices are pretty
evenly divided between gains and losses
but neither are Of much importance.
During the forenoon speculation was in
good tone and the tendency of prices
was generally upward. Purchases for
foreign account were the sustaining in.
fuences of the market and additional
stimulus was given TO the purchasing
movement by the satisfactory condi-
ton of the money market despite the
heavy declines upon it in connection
with the financing OF the government
bond loan, and another element or
strength was the almost uniform char
acter Of the reports of railway earn
ings for the second week of February.
which i most instances show gains,
F.umors, which Go not appear 10 have
any foundation, but which were cal
| culated 10 move up sugar certlncates.
were put in circulation but had little
or no lifting power for the stock The
! chief advances We're Louisville and
| Nashville, IL per cent; and Tennessee
! Coal Z per cent; the latter on buying in
duced by improved trade conditions.
Around midday the market became 81
/ regular on a light volume Of business
| and figures sagged slightly thereafter
up TO the last hour of business when a
| somewhat pronounced selling move
| ment SCI in, which resulted in loss Of
the greater part of the early advances
| and in some cases brought figures down
| below the bottom figures OF the morn
! ing Manhattan was exceptionally
weakened and fell off 2A per cent, TO 10l
! q per cent. The other Gould shares
were also heavy. notably Missouri Pa
/ cific, which receded Il! per cent. Leath-
er preferred dropped IL per cent on q
| reiteratior of the unfavorable gossip as
/ 10 a February dividend. New Jersey
Central was pressed down Ia per cent
! owing TO the hostile attitude of the New
Jersey legislature toward the coal com
bination. The concessions in the bal
ance of the list extended TO rs per cen
| in Chicago Gas and per cent in Gener
! al Electric. The closing was moder
ativcly active but heavy in tone.
! Today's bond operations Were Quie
and uninteresting. A firm tone pre-
vailed, and gains were generally scored
extending to IL per cent. In Contra
Pacific skies of 80, Duluth and IroI
| Range firsts figured for IL per cent
and Chicago and Erie firsts, Chesapeake
! and Ohio f1ves, Fort Worth and Den
Yer City first trust receipts and Bur
! lington, Iowa division. tours, per cent
The aggregate transactions were 81 los
COO.
The new coupon fours continued 4
/ absorb attention in the government
! bond trading. This issue made furthe
progress towards a higher level, trans
actions being made at HIS per cent
which Is the best price attained sine
the new loan was fioated. Large stock
changed hands at 11624 per cent to HI
per cent. the latter being the closinj
price, and the aggregate sales reachin
$4,000
State bonds came in for little atten
ton, Tennessee settlement threes figIIr
ing for Sill, 900 at 615 per cent, and Wiz
ginia centuries for IS GO0 at 6IIL nor car