The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-04-26
WALL STREET STOCKS
Speculative Sentiment Shows
Decided Improvement.
PRICES WERE IRREGULAR
Large Buying of Union Pacific
a Feature.

New York. April z5.-Speculative ssnti-
ment showed 8 decided improvement to
day over that which prevailed yesterday.
although the movement OF prices contin-
ued very Irregular and at times arratic-
The heavy speculative Liquidation which
was accomplished yesterday and on pre-
vious days OF the week relieving thu over
congestion OF the speculative holdings,
doubtless had = great deal to do with the
better tone OF the market The sustains-
strength OF Union Pacific. even after yes
terdays remarkable squirt anu a DISPOSE
ton 70 tsks mora account OF the many
rumors OF actual Developments concern
ing the property relieved the feeling Of
uneasiness over yesterdays extraordinary
transactions Ia that stock which IN them
selves led 20 some liquidation owing 70
the suspicion aroused that tney we're de-
signed 70 cover heavy profit taking n
other quarters OF the list There were
further Developments CT strength today
as a supplement- 70 the Union Paoiho
movement and the strength OF tbs market
was more generally diffused than az any
prsvi0us time this week The manner n
which the market received - formal an
nouncement OF thu terms OF the Buriing-
ton merger had Al encouraging eject on
sentiment. There was little effect on
Burlington itself. which moved narrowly
bv COMPARISON with other stocks. but was
very firm al day. Considering the long
continued and large advance which the
stock has had since this transaction hrst
bazan 70 be discussed ard It's widespread
fnauence 4. causing other advances IA
practically the whole market. the nrm-
ness % the stock at the highest level n
It's history was surprising. one Of the
fsvorlfs uaxius with wan street traders
ls 20 sen on good news Burlington
ouset hrmness on the confirmation q its
good news argued small holdings Of
-,,rssv <uecu.stive character awaiting r.
alizatson- The sentimental effect vas
ve-v marked owing 70 TIE warnings that
haze been coming from Influential con-
mission houses for sor1e tine past thar
oVsr-srscuIatfon Threatened TIE stability
q the position Fl The stock market FOR
TIA first tine this week tn bears refrzin-
I'd from their fnzi attack on TIE rnarkes
ard there vas rot tns 1ooc q realizing
orders which have been = feature q TIE
l.st hour o., esch pr-vfo1s day TITS week
me fact thar The buTfnE demand Tas
co-stfershiT rslsxed id not ss-- % -
courage ths bars % airy aggressive .'ia-t
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