The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-10-24
NOTHING TO CHECK
HARE PRICES TEND DOWNWARD
STEADILY ALL DAY.

and Distribution Wider Price Making
Left to the Enthusiastically of News of
an Effective Quality-Final Prices ut the
Days Lowest FIgures-Bonds Weak and
Declinipg-ForeiEn Exchange Rates Re-
cover-Amcricans Dull In London.
New York. Oct. 23-The speculation
today was. as q whole, fiat and unin-
oeresting. The volume OF business was
slightly above that Of the previous day
but the distribution OF the dealings was
relatively much wider. The course OF
interruption. Commission orders were,
as has been usual for some time past.
very scarce and the traders according
ly made prices. OF actual news there
was a dearth but the movements in the
industrials and few OF the usually ac-
tive railroad stocks were attended by
gossip or rumors. purporting 10 affect
their position IN the market The most
important influence having general
bearing was a recovery in the rates OF
foreign exchange, due to the disposition
Of houses having large amounts OF ex-
change available TO hold out for the
best rates ohtainable The supply Of
cotton bills was also lighter than had
been anticipated The shares were af-
fected by reports of continued drought
and OF frosts at the west. The south
western shares were again depressed by
technical estimates of lighter earnings
from the shortage In the cotton crop.
Lower prices in domestice and foreign
sugars and speculation as to the
amount Of raw material held by the
American Sugar Refineries company
were responsible for pronounced weak
ness IN the market for the stock Of that
company. Renewed liquida tion was ap-
parent in Leather preferred despite an
alleged turn for the better IN the sole
leather industry. The anthracite coal
stocks did not prove superior 10 the
general weak tendency. although ad-
vances in the rates Of freight TO tide
water and IN other directions were re-
ported, following uon the higher prices
established and about to be put into ef-
feet for coal at the east and west.
The market opened dull and lower. A
temporary upward furry set IN early.
based entirely upon covering purchases.
Subsequently a reaction began which
was practically unreheved UP to the
close. The more important losses at the
extreme low points were: Sugar 2%
per cent: Leather preferred Is per cent:
Manhattan and Missouri Pacific IL per
cent; Tobacco and Suthern preferred
TX per cent, and Delaware and Hud-
son. Chicago Gas, Tennessee Coal and
Wheeling and Lake Erie preferred Il
per cent. The final prices were at the
lowest figures of the day
The movement Of bond prices in the
early dealings was somewhat erratfc
but IN the session the trend of prices
was universally downward with mark
ed weakness in some OF the speculative
issues A block of s100. 900 Minnesota
and St Louis oonsol fives traded at
1919 per cent with subsequent trans
actions at 1047s per cent. The aggre-
gate sales were 81, 1868. 600. The more
important declines are: Atchison ad-
justment when issued 2A per cent; de-
bentures series Bell Iron Mountain,
Kansas and Illinois Central. Spring
field division, skies. IL per cent: North
ern Pacific consol fives. Texas and Pa
cific seconds and Toledo. Peoria and
Western fours " per cent and Chicago
St Louis and Pittsburg firsts. Missouri
Kansas and Eastern firsts. St. Joseph
anu ddA0 DiCIS lI0-l ItNcIpNS
and Toledo and Ann Arbor frsts trust
receipts per cent Advances-Erie re-
organization FIRST lien AZ per cent and
Brooklyn Elevated seconds, Hochins
Valley SKIES and Reading fours trust
receipts unstamped per cent
Government bonds were neglected
The bid quotations revealed no mater
ial change in prices.
There We're no sales OF state mort
cages.
NEW SECURITIES LISTED.
New York. Oct. 23.-The governing
committee OF the New York stock ex-
change today listed the following Sc
curfties: Louisville and Nashville and
Mobile and Montgomery railroads "a
900. 900 AZ per cent gold first mortgage
joint bonds: Of which amount 81, $50. 00C
were disposed OF 20 redeem prior six
per cert mortgage bonds of the Mobile
and Montgomery railway. and the bal
arlce TO be used m accordance with the
terms of the mortgage; Western New
York and Pennsylvania railroad 1920. :
900 first mortgage per cent god bonds
Of 1897, making a totol listed TO date
SO, $40 900; Lshigh and New York rail-
road 81, o00. 900 first mortgage per cent
guaranteed gold bonds Of 1915. principal
and interest guaranteed by the Lehigh
Valley Railroad company Gin receiver
ship; s2S5. 900 additional first mortgage
S per cent gold bonds, making total lis
ted TO date 81. s34 600: Staten Island
railway $500 900 frs mortgage AZ per
cent god guaranteed bonds Of 1913.
FOREIGN STOCKS.
New York, Oct 23.-The Evening
Posts London cablegram says: There
have been panicky markets al day
on a further slump IN mines inst5gas-
ed by heavy forced sales IN Paris where
the trouble has been serious. A large
bull account was closed there today
and the fan IN the mines has ranged
I'D 20 over 30 per cent Tonight s.
books as II tire crp has come. under
stand on good authority that the Roth
childs have come % the rescue in Paris
and a large block Of Debeers shares
hanging over The market VIII. IL Il said.
be taken I'D b. them. No one expects
an immediate renewal Of the boom n
mining stocks but the belize Is general
that rfae worst = over. Further fail
ures here and n Paris are probable.
but y Is likely they ara discounted and
the bear account Is now considerable.
Americans were dur. closing near
-he lowest B-zzIhsus were fat on
fears 81 complications about TIN ssad.
The Paris and Perrin markets were
fsr but closed be-te-.
LONDON. Oct Bar silver closed az
gid Per o1ncc-
BANK CLEARISGs-
philadelphia. oc- 5.-Cieaxings u.s.
S104II: balances 81. 13.zll
8. LOUIS. Oc- 23@CszrfnEs 3. s5s 81
Balances s575. So Money sal Per cert
rne-cssI caiotz aoin ao.n zo1a o.nf1Os1
New York exchange rs discount hid-
New Orleans, Oct 2-Clez-ings "a