The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-02-05
ENDS AT THE BEST
STOCK MARKET FINDS WARNER
COMFORT THAN OF LATE

so Little Question Remains OF the Success
of the Popular Loan that its Advantages
or Otherwise are Already Fully An
tieipated-Less Account now 1akea OF
the scare In Europe and the Cancenisg
OF Bids Thereupon-aouse Aetian On
the Senate Amendment-Gra to
the Front-The Market for HondS-
New York. Feb. with the excep-
tion OF Sugar. which ranked third IN
volume OF business, the railroad list en-
tirely outclassed the tn1uStrials in point
OF activity today. The grangers. as a
group. attracted the greatest share OF
interest although Missouri Pacific rank
cd = close second 10 st. Paul. which was
the leader in the extent OF trading. The
dominating influence upon the general
market was the conviction that the gov-
emmett popular loan. for which bids
VIII Be opened AZ noon tomorrow. viii
be an unqualified success, both in poins
OF extensive bids and high average OF
prices. As far as can Ne learned bids
from three New York Institutions viii
foot up nearly S100. 000. 900. without con-
sldevlng the great amount OF scattered
bids here and az the heading financial
centers OF the country. and the probable
heavy bids for European account.
Some OF the foreign applications for
bonds are understood % have beea can
celled since the free silver victory in
the United States senate. but u Is BE-
leved that the Withdrawals will DO
made for demands from other inter
ests.
The market AZ the outset was slightly
depressed in sympathy with lower ca
bles for Americans in Liverpool bus
soon proved superior % this influence
and also 20 foreign selling in this mar
keC Prices recovered and an upward
movement started which was IN turn
stenmed by determined drive at Ms
souri, Pacific, attended by rumors OF =
probable receivership and also Of dis
SenSions between the president OF the
company and Mr. Russell sage. who are
understood 10 hold jointly the bulk OF
the floating de5t. The stock broke as
per cent. 10 207s per cent, but rallied 70
23@s per cent on unqualified dS-nials OF
the rumors and IN sympathy with a
general bull furry late in the day. In
which the top figures were recorded. In
addition 20 the expected favorable out
come Of the government loan, the bull
concurrence by the house ways and
means committee in the recent free sill
Yer resolution and by a number or IA
Norable railroad exhibits for January.
In consequence the dealings were less
exclusively professional than usual re-
Gently. The improvements IN prices
extended - 3ls per cent IN Leather pre-
ferred. The advance was presumably
due 10 inside purchases In connection
with the meeting Of the executive COM
mittee Of the company. held today. The
fact OF the conference was not known
in the street. The grangcrs. Sugar.
Consolidated Gas. Tennessee Coal. New
Jersey Central Louisville and Nash
vile and Denver and Gulf and Rio
Grande preferred figured for i&Q2Ih
per cent, while Jess important gains
were scored IN a number o. Instances.
The closing was fairly active and at
the best figures
The total sales Of stocks today wars
zlS,3ll shares. icCicfinE- American
Sugar ., 100; American Tobacco c 500:
burlington 10. 1900; General Electric a
loo, Louisville and Nashville "a. 0u5. Miv
souri, Pacific 80 500: Northwest. 200.
Reading $500; Rock Island L. 500. 81
Paul 4o.lOc. Tennessee Coal and Iron
$500: Union Pacific certificates 800.
United states Leather preferrpd 500:
Western Union 400. Wheeling and
Lake Erie 1900.
The railway bond market sympathix-
81 with the strength In the stock mar
ket. but the advances reached full
figures IN only a few Instances The
aggregate sales were 81 %. GOO The
bid prices Tor governments were adj
vauced sharply. especially for the new
fcurs. The dealings footed up 81. coo.
FOREIGN STOCK MARK Its.
New York, Feb. 4-Tha Evening
Posts London financial cables<ram Gays:
The tone OF the stock market was gen
orally good today. business - slightly
increasing IN the absence Of urther pp5-
litlcal scares. Investment stocks and
South American stocks were the chief
feature OF the strength. Americans
were idle until the New York quotations
arrived. when a sharp rally followed.
The closing vas at about the best. II "a
believed that the movement f. Initiated
on anucipations OF the success Of tho
bond issue. The revival OF business in
Kaffirs is said % be on Paris buying.
but Cecil Rhodes arrival here rn0rs
probably had a sentimentally good ef-
feet.
The Paris bourEe was active ard frm
today and the Berlin market firm.
LOANS AND CLEARTSGS
New York Feb Mooney On cal
firm az JH7 per cent; last loan per
cent: closed s per cent Prime nsrcan-
tile paper cas- per cent. Sterling er-
change steady wl;h actual business "a
bankers bills a. fs5Aa4ss for de-
mand and {4ssz04s7 for sixty daye.
Posted rates SLS74fss and HssdSD
4 sslz. Commercial tIus tfssZ- Silver
certificates g7A ds7% per cent
New York. Feb. 4-Eiearings ma
GO 0sf: balances 8s.4ss.51s.
Bal tirnore. Feb. f-CIcarfnEs 3 CO...
$50. balances ;ff5. 81.
Chicago, F'eb. A-Ciearinzs si1si9.-
T1L
-, Louis. Feb. f-E1-arinzE - IDS
s55. balances Sfs5. sls. money s0s pr
cent $eR York * rhanRa = cents
premium bid. 81 cents asked.
Memphis Tenn Feb. {-ClsaTlnzs
iEs. $50. balances gII9.g1s.
S-R~aJ cst~~ I1arts Pr.
Ther- wins q sac IL . market % Very