The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-02-07
STOCKS VARIABLE YESTERDAY
Uncertainty as to the Treaty Kept
the Market Flustered.


New York, Feb Stock prices were
extremely variable today. but ended with
only fractional net changes. the majority
OF which were upward Many conflicting
reports reached the Street as to the prob
abilities of confirmation or rejection of
the treaty and these were instrumental
in staying values. The first effect of the
uprising at Manila was diverging Stocks
opened below London parity and there
were soon material leclines in a mum Der
of cases, Lake Erie and Western pre-
ferred developed S3.. Southern Pacific ga
and numerous other shades 10 the ex-
tent Of point or more. Tobacco ran off
2i2 and later extended its decline 70 over
points on the announcement that a rival
company had absorbed an important in
dependent concern. London sold about
1900 shares of stock. Traders bought on
the decline and prices improved. Although
dealings were much contracted COMPARED
with recent averages. prices rose above
Saturdays closing. A number Of high
priced stocks. including New York Cen
trail and Pennsylvania. together with the
local traction and gas stocks weiN con-
spicuOUs in the recovery. as was Pacific
Mail and Chicago Great Western pre-
ferred "a Prices again fell off pres
emily, stop-loss orders were reached in
some cases and commission houses sold
freely. Twin City Rapid Transit dropped
I. while Sugar, Lead, Peoples Gas Fed
eral Steel and Omaha sagged 10 the low
est. Houses with Washington connections
were watched narrowly with a view OF
getting some intimation by their deal
ings to the treaty's chances but no
decided tendency one way or the other
could be detected. Toward midday the
market worked up with minor fluctuations
~ 4
The impression prevailed in some quarters
that the outburst of the Filipinos assured
the treaty's ratification, and on the the
DRY that settlement OF the uncertainty
would be beneficial there was buying Of
stocks. On the other hand, many decided
TO reduce their commitments over night
a precautionary measure, and these
contending interests gave the market its
appearance of irregularity. The feverish-
ness which prevailed IN the early deal
ings in a measure gradually disappeared
as the day wore on, and the middle and
low-priced stocks sympathized in the ad-
vancing tendency of gilt-edge stocks. IN
the final dealings there were slight recess
sions from the best prices.
Total sales OF stocks today were 72s,10O
shares
The bond market showed marked heavi-
ness in the early transactions but later
improved in spots, closing irregular. TO-
tai sales were 100000 United States
old tours coupon advanced half and reg
istered, and the fives 4 in the bid price.
New York Feb. 6.-Commercial-Adver-
Users London financial cablegram: ''Busi-
ness was greatly reduced in the markets
here today i'm view OF the very heavy
settlement beginning tomorrow. The tone
was dull and Americans opened weak
and went fat on the Philippine news and
fears of dearer money in New York a. the
end of the month. There was slight
rally in the afternoon, but New York's
apathy caused the market to slump away
and the close was idle and depressed.
London bulls were detected. Tintos touch
ed Al and closed al i01a. Anacondas reach
ed 9is and closed at g More blocks Of the
certificates have been sold. Forty thou
sand pounds of gold arrived from the
Cape. the former African arrival OF zoe
900 pounds was taken at rs slzd. partly
by Germany and mostly by the general
arket.
Paris, Feb. 6-There was an all-around
agitation on the bourse today due 20 re-
alizations. While the tone was firm. IN
ternationals were heavy. At first Rio
Tintos advanced and they they reacted on
sales for London account. due 10 copper
being reported easier. which proved %
be untrue. Covering purchases caused a
rally. De Beers shares were firm at the
opening. recovered and closed irregular
Berlin. Feb. 6.-Italians were firm on
the bourse today on the favorable finan-
cial statement Spanish fours were main
tanned. coal shares were animated and
iron shares were strong on encouraging
manufacturing reports Bank shares were
in good demand. especially Deutsche bank
on the loan issue