The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-02-20

Cretan question. There were offerings 10
arbitrage account, but w.thou: any man
Test offset on prices. There was soce re
lief over the political outlook reflected b
the European exchanges later in the day
which helped along the rally conseouen
upon the Burlingt dividend. The anthra
cite coalers were conspicuously weak on tn
bad condition existing in the coal trade
New Jersey Central fell per cent. Thi
depression was also manifest in the btu
minous coal roads. The anthracite Goa
group participated in the rally later. TIL
;ndustrials fuctuated regularly on manipu
lations. Tobacco and Leather each ad
| vanceG ia per cent from the lowest On
of the features of the day was the advanc
in Lake Shore of 35s per cent, to the high
est quotation on record for that stock
| There was a subsequent reaction of l De
| cent The buying was attributed TO invest
! ment. Lackawanna and New Jersey Cen
trail figured in the rally for an advance o
lss per cent. The railways generally wer,
prominent in the late session on increased
dealings. with the grangers and southwes
terners in most demand. the inquiry beinl
| stimulated by the favorable reports OF carr
in5s now current. Profit-taking somewha
| checked the advance in the final dealing.
and caused an irregular close, with mos
of the shares showing slight improvement
The total sales of stocks today were 49,.
| 40 shares. including: American Tobacco
| $500; American Sugar. 12,7Oo; Burlington
| 1900; Manhattan, 5000: Reading, 1880; ST
Poul, $500; New Jersey Central, 400.
The bond market displayed decided ami
nation. with some Of the usually neglected
issues figuring actively in the dealings The
m rar1 Nil
but some severe losses were registered IN
few instances. The foreigners continue
to take large blocks of tn principal inter
national Lens. Sales s1.7ee.ooo The de-
clines include: Atchison. Colorado and Pa
cific first, per cent. and st. Paul, Mime
apolis and Minnesota Central SIS, IL per
cent.
Governments continue to display activity
on purchases by financial institutions and
individual capitalists generally. The sales
were $1,000.
FOREIGN STOCK MARKETS.
New York, Feb I3-The Evening Posts
London financial cablegram says:
'Stagnation and declines continue in the
stock markets. Politics holds the sole key
to the situation. Consols were III. at one
time today, but the clos ewas HI. A bear
account is gradually growing all around
which. If politics would only improve, mean
a very sharp recovery. Kaffirs are fat
more on the proceedn gs OF the parliament:
investigation committee than on Kruger's
indemnity bill, which excited dersion here
1t is rumored that India viii issue a sterl-
ing loan soon. The Paris and Berlinm IA
ketS wero dull"
BRADSTREET'S FINANCIAL REVIEW.
New York Feb. 19-Bradstreet's financial
review tomorrow will say:
The action of the European powers in IN
terevnng in Crete revived the panicky feel
ing that was shown In the London and con-
tinental markets last week. The situation
as regards Turkey and Greece continues,
however. TO strained that while there mas
been a recovery of values in the foreign
markets there has been no revival of spec
ulatice activity there. Our own market
was helped by these occurrences 10 the eX-
tent. at least, of having the bear traders
deprived OF the aid of foreign selling or OF
active depressing influence from abroad
At the same time the other chief bearish
factor-the investigation Of the Industrial
companies BY New York legislative COM
mittee-has ceased 70 have much weight
with the street. While inside support is
still lacking in trust strocks, the attacks OF
the bears upon them ceased. and covering
OF the large professionals short interest
caused appreciation in their prices. This
was the principal speculative movement o.
the week, which. indee. has been a dull
one throughout. and given up almost entir
ly to maneuvering by board room traders
Among the other incidents a leading place
musct be given TO the anthracite coal
stocks. which were influenced by the ac-
counts OF continued unsatisfacto condi-
tons in the trade and to a greater extent
by the decline OF Leigh Valley stock in
which broke 81 per cent, 20
e per cent. Emphatic der.als were made ot
reports about an impending recsivership,
but the action OF the market certainly be-
tikened liquidation on a considerable scale
The facts that iron interests largely regard !
he disruption OF the steel raj pool with |
and that the break in rails has
.tracted large orders I'd steadied the mr. |
get, have not, as yet, mad favorable ef- /
-ect on the bitumi1ous roads. Hooking I
Valley. IN particular, showed decline OF I
rom 81. 20 s.. per cent fer the common
stories that the March interest might BE- |
.efaul:e9 and that readius;meut of the |
,ompany's finances was contemplated, /
ound believers in spite OF Official denisls i
The Gould stocks have been the object O, l
ONE attention. particularly Manhattan,
\ hich declined from soiz 70 ss1z per cent
The principal influence IN this stock = the
.ews that The management has decided OF
Quipp,ag il with electric power and that 70
h.s end application FOR fresh capital Is
Missouri Pacific declined from
IL 70 -. per cent and Western Union Was
fected by q renewal Of The oli story that
ne Baltimore AMI Ohio's block % stock
Fas coming On ths market Railroad earn
lgs were irregular. though no very uafsv-
rable exhibitions appeared The grzagers
elerally acted steadily.