The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1892-12-03

vancing from s. to Sc; Union Pacific from
353l to 36@6, aud Manhattan from I@o7s 10
l2S15.
One reason for The steadiness OF the
shares was the statement that Mr.. Gould
had trusted the three stocks in which
he was most interested, ana that they
would therefore not come upon the mar
ket The other leading shares yleIded 4
to 81 per cent. outside OF American 0uSar'
which declined per cent, to 1O9I5
The stock market after II O'Clock be-
came strong. and prices advanced rlgHt
through the list. The shorts became nerV-
Gus at the stubborn strength shown by
he market. and showed a disposition TO
cover Manhattan Elevated advanced IA
per cent from .he lowest to E2925. and tn
remainder Of the list improved 4 10 Is
per cent At the time Of closing the mar
ket was strong at the best figures OF the
day
Mr. John T. Terry, who has been con
nected with Mr. Gould for years, and who
is director in a number or The Gouh
properties, said hat Mr.. Gould stated re-
Gently that he had TRUSTED" go use hIS
own expression) the three stocks in which
he was most Interested, and that they
could not be sold. The three stocks re-
ferred 10 are Manhattan Elevated. West
ern Union and Missouri Paclnc. Ihe gen
eral opinion on the street WAS that Mr
Gould has had his house IN good order 1oT
a long time.
Considering the death of the most active
mauiDuIator of stocks in the annals oi
Vail street. the stock exchange today was
singularlv free from excitement. Not only
were the fluctuations in prices cOmpara-
tively small, but tue volume of business
transacted was less thar that often tran
sacted when there are no special events or
influences to stimulate trading. 1t had
been claimed all along by certain con
tiugeut of Wall street spectators that
the death of Mr.. Gould would
throw the market into IA
state of panic, or that the market Tor Sc
curities would at least be violently dis
turbed. Exactly the contrary occurred
today. The market wavered Tor a time
and the bears made several attempts 10
get prices TO a lower level, but on all Teac-
tons buying orders appeared for large
amounts, and each decline was followed
by higher quotations than had been pre-
yIously current. Even the so-called Gould
stocks Welded hut slightly. In the gen
eral list American Sugar declined "a, but
as rule the losses were small IhIs was
all the more surprising, because OF the
engagement of 81, 6DO, 600 in gold for ship
ment to Europe 5t was learned subse-
quently that 500, foo had been withdrawn.
During the afterHoon "A much tirmer feel
ing prevailed, and as the day drew ID a
close speculation became almost buoyant.
The market closed strong and on advances.
The sales aggree ated 3G5, coo listed shares.
THE LONDON BROKERS.
LONDON, Dec 2-The announcement OF
the death Of Jay Gould stirred dealers
both inside aad outside the London stock
exchange, although the news had no not
able influence Ou prices at the close. Ihe
first inomeutary influence in the American
department wits TO sell, which was soon
checked by New York orders to buy. Busl-
ness was interruptedin in the stock exchange
! by the members grouping to talk of Mr.
Gould and the bearing of bis death on the
! Gould stocks \ mob Of people blocked
the approaches TO the exchange, all talk
! ing on the same theme and waiting to see
! how it affected prices. The scene IN the
street after the American exchange closed
| was as lively and AS exciting as If specu-
( lative crisis was impending
\ representative of the Associated Press,
! in cleaning opinions of dealers IN the
! American market and some prominent
| street operators, found that they con-
CURED In expecting boom IN the stocks
! of all American railroads except the Gould
/ roads Regarding the future of the Gould
! stocks few cared to hazard prediction.
"Probably," said one dealer, ''Gould's
death will be welcomed by all the western
/ roads, 1t will greatly enhance Aanhat-
tan Elevated in the opinion Of the public
and vastly improve the position OF West
! ern Union Telegraph"