The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-02-27
Ney York,
STOCKS AND BONDS.

New York, Feb. 26-The proceedings IN
today's stock market were practically
a repetition of those OF the last few days.
That is to say. the important railroad and
industrial stocks OF the largest capitaliza-
ton which USUALLY take the lead in the
market movements. were allowed 10
slumber, while various obscure and
rarely active stocks, were taken up. one
after another. and pushed upward in
more or less sensational NOV euents. This
order was varied in the last hour by 2
sharp raid on the part Of the professional
bears. The ostensible reason for their
selling ard Offering down prices was the
announcement of engagements OF gold
for shipments in amounts % s. COO
The persistent dizziness Of the Ghole mar
ket and Its refusal 10 advarce under the
efforts To stimulate by marking UP indi-
vidual stocks impressed the professional
with is vulnerable position and the an
noUncement OF the gold exports was
rather q signal than motive for the
attack. Reports Of damage 70 tn win
ter wheat crop and the resulting Of stiff
fleming in the winter wheat market we're
ased 70 advantage by tho hears in their
race. Missouri Pacific. for this reason
especially vulnerable and its report OF
decrease OF S79.09o in gross earnings for
the third week in February also added
20 its weakness It was noticeable. how
ever. that roads which reported increases
for the same period, and especially Atchi-
son. ait hits January increase % S229S
net were notable 70 resist the decline. No
other stock was so acutely Affected. how
ever. rs Missouri Pacific. The announce
nent OF Eol dexports was hlrily a sur
prise. as sterling exchange has h5yered
about the export point au the week
Foreigners have been heavy sellers OF
stocks since the news 0f the s3Tern-
mcnt procedure against the Northern
Securities company and the supply Of
commercial exchange bills IN the market
IS very ccanty. The money market Fl
New York has not shown the slightest
reflection of any coming strinEeucv, yet
the srbtreasury operations have already
taken I'D nearly a milton dollars since
THE last hank statement and with New
York exchange 20 Chicago down 70 =
cents discount. the interior movement
If currency Is prchatl~ zWly from New
York Ar early RESPONSE n the local
money markets f. highly probable The
adVarces u toiaT's Market Efre almost
universally without explanation or the
more prominent stocks, t6ers vas
strength in Pennsylvania the Eries.
wabash preferred and Illinois Central.
Arialcanatel COPPER was active ard ir-
regular otheT stocks. ugtsbiv affected
were The Colorado x Southern Denver
e. RIO C,r1nie stocks. Ioleco, - LOUIS
& ,vtetern. the Wisconsin Central stocks.
Chicaeo & Eastern Illinois. Louisville
& rcrre Halte stocks. Cllcaeo Great
western preferred The s. joseph ard
Grand island stpct-s. Ar1 Ar51- RE-
fe-re6. Daluth. So1th Shore ord Atlantic
preferred me Afir1eauo.s- 81 PAM ard
ste 1Fsurie stocks EAs Eenes q Farz
DciE. Kansas Cry Southern rreferre5.
Tcr- worth q Denver -ltT. the Defro.e
So1lheru. Peoria z Eastern Eia-sten
ard eu6r1ze- the AueTicz1 Bicrcle
a-ocks. North America Esad e. s -asi1c-
tfor stoc,s some ~ tEss s1EfTel
lc1tsfy rr0 nlraa5lzing
Ihere was very large buying - wa
Sash aelsEture = ard tie 4euer4t
aenI s1sl'-ef vas fTzr- Ect1l sales gG
U-.tsd States tanss were al anaharsa5
an the st ell
use eiasiag psess q sto-ks ard sezss
nere - f3ilcsE