The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-10-05
WAS WEAK ALL DAY
STOCK MARKET CLOSES WEAK AT
ABOUT THE LOWEST.
More Activity II Exhibited. Especially In
Industrials and Grangers-Lower Prices
In London for American Securities
Rumors of Monetary Disturbances
Abroad In Connection with the Kafiirs-
Rise In Cau Money Rates-Sugar Suffers
from an Attack of Statistics-Slippery
Chicago Gas Consolidation Agreement.

New York. Oct. 4.-Weakness charac-
teribzed today's speculation. The pro-
fessional dealers were responsible for
the fluctuations. There was no i'm
portant disquieting news. The market
showed increased activity as compared
with yesterday. the foremost groups be-
ing the industrials and grangers. The
leaders were Sugar, Chicago Gas, St.
Paul and Distiliing. Gossip affecting
the industrials was an active power OF
the market, although i: started handi-
capped by lower prices for American Sc
curities in London and by rumors Of
probable monetary disturbances abroad
in connection with the speculation in
Kafiirs. In the session rise in call
money rates was unfavorably reflected
in the speculation. Sugar suffered from
the publication Of alleged statistical re-
ports purporting to show a less en-
couraging outlook for the industry than
had been held to be the case. Chica-
go Gas, which scored the second great
est net loss, was sold on account OF the
indefinite character of the consolidat ton
agreement. The document is master
piece OF clever legal evasive language,
but is too much for the average specu-
lator. Tennessee Coal and Iron react
ed on realizing on the publication Of the
sale Of a block of bonds which had been
held in its treasury. The important
character in the granger group was
heavy selling Of st. Paul. The market
opened ANNA ted and weak, with gen.
eral fractional losses. The pressure to
sell was soon relaxed and rally oc-
CURED of Is to rs per cent. Sugar be-
ing the most conspicuous. About mid
day the bears again assumed the ag-
gressive and on an increased volume Of
business prices receded sharply. The
closing was weak and at about the low
est Of the day. The declines at the ex-
IRENE low point as compared with last
nights final sales were: Chicago Gas
Us per cent: Lackawannt, 21s per cent;
Tennessee Coal, rs per cent; Sugar, IA
per cent; the Changers * 70 ~ per cent;
Louisville and Nashville, ~ per cent.
and Manhattan, SusQuehanna and
Western preferred and Missouri Paci-
fic, 1ss per cent. Colorado Fuel early
advanced IL per cent, but was subse-
quently affected by the general down.
ward tendency and lost per cent.
Evansville and Terre Haute was dealt
in at 80 per cent, against 1875 per cent
the last preceding sales on September 4.
The volume of business in bonds to-
day was of good proportion, the sales
aggregating s1,739,00O The specula-
ton was weak with the pressure most
pronounced in the final dealings. Wis
consin Central ffrstS trust receipts lost
~ per cent, Erie second consols stamp
ed, IL per cent, and Ontario and West
ern refunding tours. Atchison adjust
ment tours. when issued, Chicago and
Northern Pacific firsts trust receipts
and Union Pacific, Denver and Gulf
first, per cent.
BRADSTREETS STOCK REVIEW.
New York, Oct. 4.-Bra dstreet's Stock
Review tomorrow will say: Relief
from the constant gold Withdrawals
has been followed by an easier tone
OF speculation and by an irregular i'm
provement in stock quotations but at
the close of the week bearish influence
es have reappeared in sympathy with
fears of a collapse of the mining shares
boom in London and Paris. The drop
in exchange rates was even more sharp
than had been expected and at the
close of the week there was a natural
reaction from the decline in that mar
ket. The rates are sufficiently low to
prevent gold shipments.
While this influence has been bene-
fetal to the New York stock market
the activity has been almost altogeth-
er professional and has not attracted
foreign buying. The principal advances
have been in stocks directly under
clique guidance. or those in which ma
nipulative interests have busted them
selves.
Europe still shows a disnclination
to notice American Specula tives and at
the close of the week the London mar
ket was disturbed by liQuidating ten
dency in mining shares. The inflated
speculation in such securities has in
deed become 4 menace to the financial
world.
Like good wine the best is the last.
so the Kansas State fair have provided