The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-02-11
Is A SURPRISE IO ALL
Stock Market Disregards the
De LONE Incident.
IT EVEN SCORES A RISE
Bonds Again Resume Their
Upward Course.

New York, Feb. 10-The most interest
ing feature of today's stock market was
the manner in wfic h it regarded the
Spanish minister's resignation. In view
of the sensitiveness in the recent past to
everything connected with the Cuban
question. it's disregard of any incident in
volving so acute a phase of feeling is note
worthy The view OF the subject in Wall
street was that the possibility of danger
in It had been avoided by the firm and
prompt manner in which the incident had
been treated By the government Prices
advanced from the opening of the mar
ket. Higher quotations from London gave
an impetus to the opening rise. There
was no general setback from the opening
to the close Of the market. The only
thing approaching IL was an occasional
pause of the advance but this was simply
due to a falling of In the buying and not
to heavy offerings. Upon renewal of
activity the upward movement began
again. Advances were not uniform and
were not simultaneous. Considering the
volume of the trading for the day, the
rise in some stocks was notably small.
In those which show large gains the ad-
Yances were made at different times dur
ing the day, first one and then another
and pushed. The local transactions scored
the largest advances and showed the
heaviest dealings of any group in the list.
Metropolitan Street Railway duplicated
its movement of yesterday with a rise Of
"A points on rumors of special benefits
in the shape of privileges In further is
sue of stock. Manhattan was at one time
over points up, but was feverish at the
advance. Third Avenue rose 211 points
and Brooklyn Transit points. The
strength of the market showed tendency
TO run TO the speciaIties and Tobacco.
General Electric, Western Union and Sus-
quehanna and Western preferred were
conspicuous IN the days movement. Full
man added five points more to it's re-
markable advance. The mainstay of the
market was the renewed buying on a
large scale of New York Central and the
strength of Northwest, Omaha and TIE
other Vanderbilt stocks. The grdngsrs as
group were strong, Burlington leading.
Noteworthy advances were also scored by
Louisville, Grand Island and Hooking Val
ley stocks. Adams Express was bid up
points over yesterdays bid price without
eliciting any offers. American Express
sold 215 points over the last sale and was
bid up points higher. There was fur
Their easing IN money rates today and
sterling exchange continued firm.
The total sales of stocks today were
495, 00C shares
BONDS.
The recent slight reaction in speculative
bonds terminated today and the general
movement was again strongly upward on
q very large business. 1t was reported
that 900 worth of a single issue have
been taken for London account Total
sales were S4.S60000.
United States new fours registered were
Is per cent lower bid.
FOREIGN STOCKS.
New York, Feb. 10.-The Evening Posts
London financial cablegram says:
The stock markets here were quiet and
dull. Dear money is beginning to have
an influence. although it is not expected
that it will have really bad effect on the
markets. because the DEAFNESS is partly
du TO the healthy condition of trade
There were very large borrowings today
from the Bank of England amounting to
probably 100000 pounds. Americans were
above the New York parity, but except
Tor Erie preferred and Union Pacific
shares, the market was listIess. Argen-
tines and Brazils were lower. Mines were
easier Grand Traunk was better on ex-
pectation of a favorable settlement. The
reported sales of lands by the Northern
tacihc for the retirement of its first mort
gage bonds is not believed here. Gold
IS in strong demand, partly for South
America The Paris bourse was better"
LOANS AND EXCHANGE.
New York, Feb. 10.-Noon: Money on
call nominally 1AG111 per cent. Prime
mercantile paper 394 per cent Sterling
exchange firm, with actual business in
bankers bills at s4.S5ssQ4 S5A for demand
and A.S3d4S3k for sixty days; posted
rates. A.S4 and s4.S615 commercial bills.
A.N2&. Silver certificates, 561tQ57Ik. Bac
silver, 5614; Mexican dollars, 4sA.