Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-02-15
FINANCE AND TRADE
An Attempt to Boom Burlington
Stock Today Failed.
WEAKNESS IN WHOLE LIST
Northern Pacific, However, Made
Substantial Advance.
GENERAL MARKET REPORT
Special Dispatch to The Evening star.

Special dispatch to The Evening star.
NEW YORK, February I5-Openinc
prices this morning We're generally steady
around yesterdays closing level. but. cN-
cept IN a few Instances, little progress was
made toward new levels. London opened
slightly under parity, hut recovered later in
sympathy with New York
The market has lost much OF its snan.
and manipulation is being employed I'm
numerous Instances. For this reason It has
become customary TO call the market Dr.
the name of the chief manipulation Today
burlington was the center of attraction.
owing to the rumor that yesterdays ad-
vance had been inspired by the belief that
the directors would take up the refunding
scheme at today's meeting.
The stock was well taken around 14I for
ume, but there was no disposition TO
trade extensively in advance of definite re-
turns from the meeting Nothing was done
by the directors relative to the refunding
scheme, and the street again was disap-
pointed in its expectations.
A decline of per cent followed this an
nouncement and the entire list yielded I'm
sympathy Dizziness then set in and the
market was left to reflect the passing whims
of room traders.
During the early morning Northern Pa
chic common was noted being in good
demand by the same interests which had
been buying Burlington.
\ scheme for the retirement of the pre-
TERED stock was employed to assist this
movement In the decline of the early
afternoon this stock stood the test remark
ably well, yielding only fractional part
of its gain. The plans for Northern Pacific
are all favorable TO higher prices If they
can be executed, and sooner or later there
is every prospect of seeing the common
stock paying a fixed dividend in excess
of the recent rate
Crfon Pacific issues are in favor with
many. as are also those of the Atchison
Company, but neither group moves ma
terlally without the swing Of the entire
market for impetus. There is a belief or
superstition, among some of the older
operators that the present month is not
taVorabl" to higher prices, owing to its
midway situation between the January de-
mand and the spring crop forecasts. What
ever OF logic there may be in this view is
scarcely worthy of rejection, In view Cf
the fact that nothing of Importance is ex-
pected to develop during the balance of the
month
The larger commission houses are looking
forward to a period of dulness, but pre-
dict gradual recovery in prices because
of an actual increase in intrinsic values.
The industrial situation will in all prob
ability force the shares of its representa-
tive corporations to the front, and while
railway consultations and bettermentS
progress quietly the speculative thirst may
be slaked in the industrials.
The trading toward the close of business
was limited in volume, but strong in tone.
Northern Pacific regsined its midday loss
and was literally taken at the new level
The higher priced Investment issues held
wei, AID a ready demand was deVeloped
Tor all CfferiI Is. Final figures were irreg-
ular. but in majority of Instances the net
changes were not Significantly unfavorable.