The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-10-19
SPEAKING OF GOLD
TENDENCY OF STERLING EXCHANGE
FLOATS EXPORT RUMORS.
Reports of Impending Shipments Re
strict Trade Otherwise, Prices
Are Well Held With General Adj
vancc-Clique Work Sugar Stock
Ia Suit Themselves.

NEW YORK. Oct. 1S-The stock market
opened and closed firm aud in the int erin
speculation was somewhat unsettled but
prices in the main were we'll held firm. n
a majority OF cases the result OF todsys
transactions is an advance ia prices rang
lug from Is per cent 10 3 per cent. The
volume OF business was lg hter than usual,
the trading being restricted by a renewal
of the talk of impending gold shipments
due TO tie hardening tendency exhibited
by the sterling exchange market. The
stock Market exchange bears prophesied
gold shipments on Saturday at the latest
but none of tie banking houses which do
this business would state definitely
when any gold would 20 forward this
week. The best opinion - that sterlIng
exchange must make further advance TO
render exports at profitable possible, aud
that IN any event the movement would be
slight. The question was. however, sui
ficiently doubtful to make intending pur-
cbasers cautious. and Yet the export IN
teresJ was somewhat tiInid To put out
fresh lines on such slender threads
prospective gold movement. Trading,
therefore, was limited to playing Tor
points by the room traders, except Ia some
specials. Sugar, as usual, took the lead IN
the transactions, opening at AN advance of
"a per cent anu lultHcuiAIcly ldhius turn
downward, touching So per cent, Il break
of tx per cent. 1t Was purely clique
movement. and having apparently reached
the desired low point the manlpu!ators
sent the stock TO SIS per cent, closing 1t
within u Of the best aud per cent above
yesterdays closing. the preferred gaining
Is per cent General Electric, which has
not been particularly active for some time
past. came into Dromineoce III the trading
at the opening, losing and regaIning y Per
cent In rapid succession AUD then on sa.es
in liquidation of long account, and also
fo- the short account, break oil per cent
WAS effected, the bears finding the stock in
good supply and bammering it badly.
The fiual sale was within Is per cent OF the
lowest. OF the granger group. ST Paul
WAS most largely dealt lu but nuctunted
within a per cent limit aud closet -
per cent on on the day. Burlington anu
Quincy moved within range OF "a per
cent aud Northwest of per cent. botn
closing unchanged from yesterday. Rock
Island gained Is per ceut on tue day. NOV
ing i'll runge OF y per cent. chicago
Gas WAS strong on buying by n bull clique
III the stock, advancing = per Cent aud re-
tanning al! but per cent thereof 10 the
close. In the rest of the list trading was
quiet. Oregon Navigation broke 3
Minneapolis and ST. Louis. 81. Paul.
Minneapolis and Manitoba lost per cent
each. The Rubber shares were strong.
the common on purchases Of 40 shares,
advancing 23s per cent. and the preferred
on purchases of 2o0 shares, gaining = per
cent. Baltimore aud Ohio recovered 1 per
cent OF yesterdays Ia per cent break.
Pullman showed an Improvement OF / per
cent. The other changes were merely
fractional
The bond market has been in good tone
throughout the day aud most of tue issues
traded in have recorded advances. The
trading WIS fairly active, the total sales
reaching 1927 500.