Evening star., 1898-02-11
FINANCE AND TRADE
Traction Shares Scored Another Sharr
Advance Today.
BURLINGTON ALSO IN DEMAND
Cuban War Rumors Forced Out
Some Weak Holdings,
GENERAL MARKET REPORTS

Special Dispatch 10 The Evening Star.
NEW YORK February li.-Gnenins pri,es
thls morning were generally higher and
the demand for the more active fssu,.
again came from confident sources TIL.
uaSuoh sharss We're in good demand Met
topoii'dh opening at an advance OF > per
cent from yesterdays final figures aud ex-
teiiuirs the Improvement AN additional /.
per cent during the morning. Tho total ad-
vance FOR these shares in five davs has
peen = per cent. ard beyond tn. customsrv
desire to take profits there are no indies-
lions OF weakness yet visible sales or
speculative holdings resulted in n Isc,in',
OF +" per cent during the early atternoon
pgl this reaction after The advance record
ed above is scarcely alarming
.idHhatlan was advanced under IN. gp
Huence of its statement for The nrcfn,t.r
quarter showing earnirgs equal 10 aho,,i
10 per cent on the stock The poittsraI
~ o,4ue oehind these shares took advantage
oI the unexpected rally TO force tenn
pofary advance. Around lIs there was a
iaif NoIuine oi stock for sale and a de-
ciine OF more than l per cent was forced
Brooklyn Rapid Transit has developed
some activity. but as yet has pronted only
iracuohaily by its prominence.
As the market becomes sympathetic. III.
traction group Is relied upon TO forge to
the front Tor some more or less rtlnarka hle
achievements
The buying OF Burlington Was resumed
On the same liberal scale that noted
yesterday, but general conditions were less
itNorabIe TO sustaining the new price In
creas I'd dividends, the underwriting of the
proposed refunding scheme and legitimate
developments OF this character are almost
certain TO make this property leader in
its class.
The Unicn Pacific shares reflect the M.
certainty incident to the sale of the Kan
sas Pacific. but are nevertheless well st;s-
taired around the recent level. Ihe LISTING
OF the new securities, IL is believed would
already nave been accomplished were IL
not Tor the fact that the reorganization
committee is still confident of becoming
the owLers of the Kansas Pacific branch.
Inc double holiday-tomorroW and Sun
day-had the customary influence on prices
Profits were taken in order to guard
against possible unfavorable Developments
between now and Monday. All sorts of
wild stories relative to Cuban considerations
were in circulation, houses with Washing
ton connections using local inventions with
the evident intention of having them
credited to their capital correspondents.
Weakly held securities were forced out by
these devices in several instances
The market was disposed to relause into
dullness rather than to continue this un-
Warranted scare.
The weekly hank statement reflects. nrac-
ticaly for the first time. the loss In law
ful money incident to the Union Pacific
purchase. The banks have lost over Sl,0pb. -
600 in cash during the week. hut have in
creased their loans $5.316.tEo. In conse-
qGence Of those changes the deposits are
s4.S26.3oo less than last week and the re-
serve has been decreased s2.344, ,575. Tho
net result of al lchanges is to bring the
surplus down TO 3d. 4.51. go.