The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-02-04

tos continued 70 rise. De Beers mines
were easier and South African securities
weakened on the rumor that an English
man had been murdered a. Johannes
burg, but they closed stronger.
BRADSTREETS FINANCIAL. REVIEW
New York. Feb. 2-Bradst-est's financial
review VIII say:
Although ,he stock MARIE, mas been act
i've the volume % transactions has fallen
OF from the high records established IN the
preceding week AS the close OF a month
attended by s phenomenal amount OF trad
ing ana public participation naturally re-
suited in a large increase OF the detau
work. which was already almost overtax-
ing the facilities OF the average brokerage
establishment, the change was not an IN
welcome one. II fact. i was suggested
that. n view Of the facts, the larger in
tereSts connected with the market here
concluded 10 give Wall street 4 badly need
I'd respite. A. the same time. after such
4 remarkable exhibition % strength ana
speculative excitement as the preceding
week has afforded. reaction wss constd-
cred due by many experienced Observers.
and not a few of the professional traders
have shown a disposition to take the bear
said TIA; the course OF the narke: has
correspOnded with such expectations. L
has been strong IN tone. there have been
no marked declines. concessions in prlces
developed buying support. and heavy sales
by London produced little impression
On Friday. in particular when The de-
clines were sharpest and traders seemed
20 be successfully recommending the mar
ket. the end OF the day brought with Il
renewed buying support and a sharp re-
covery OF the losses. Yet Il has also been
evident that the eager public purchasing
OF stocks has been rnsasureably exhausted.
The fresh buying orders that come into
the market are large limited 70 figures IN
der current quotations and, on the other
hand. realizing Of profits or large scale
has been one OF the most prominent fac
tors IN The weeks speculation In fact
conservative houses have generally advised
such action. and the public has not been
slow 20 follow II. This checked the general
advancing tendency and caused Irregular
declines in many OF the standard stocks
and those which led last weeks rise. On
the other hand. bullieh activity has Seen
mainly turned 10 spec.althes and securities
manipulated BY the many bull pools which
are usually organized when the market Is
in its present condition. As already stated,
the larger interests have no; been agrees
slvely active. whether FOR the reason sug
gested in the opening sentences or BE-
cause they were prepared for meas
ureable reaction. In some Instances sup
port was extended from such sources when
the realizing sales or The pressure OF hort
selling by traders seemed likely % cause
declines which might be serious. There
were no declines Of striking Importance.
and the rumors OF the week, while mainly
OF a favorable Character. produced no
such general effect a. the talk OF a new
Vanderbilt consolidation deal. which was
one OF the chief factors IN last weeks
exceptional bun market Strength and
weakness were irregularly displayed this |
week. and while the former has predom- |
mated. the opinion seemed 70 gain ground, |
particularly IN Wall street professional |
circles. that the bull speculation culmi- |
mated. at least temporarily. in the wonder |
full activity OF January g apd The sue !
ceeding days