The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-10-27


Quiet with the Prevailing Tendeecy
Downward. while Liquidation has Been
the Rule in Several Inssances-Nanip1-
Iation More than Neatralizes Encoarag-
ing Features in the Business situation
Bonds Easier and. for the Week, Declia-
ins-Loan Market.
New York. Oct ee.-Near II O'Clock
the bears made a demonstration on
the industrials, particularly Leather
and Sugar. The drive was effective
and weakness was also impaired. tho
in lesser degree, TO the general rail-
way list The more extreme losses were
in Leather preferred s per cent, Sugar
rs per cent and Pacific Mail and Chi
cago Gas is per cent. The market
closed weak. at the lowest prices of the
day.
For the week, the speculation has
been rather quiet, with a downward
trend. Liquidation has been clearly ev-
ident in a number of stocks, particularly
Manhattan. Leather preferred, Tennes-
see Coal and Sugar. An OCCASIONAL raj
~ occurred but the reactionary move
ment was soon resumed. The causes
affecting the market have been consid-
cred mainly favorable and their fail
ure to exert an influence has been con-
sidered to indicate that the leading
manipulatorS, having discounted the
encouraging factors in the business sit
uation, are DESTROYS OF a lower range
of prices, before again taking the bull
side. An important development has
been the joining of hands by all Of the
I r. Siv,<r ip-- Of
Northern Pacific company property.
Foreign exchange. while abating in
strength somewhat, has not reflected
to the full satisfaction of the bulls Our
imports continue large,so that our mer-
chandise trade balance is less favora-
bic than in former years. The result
has been a demand for commercial bills
on the part of importers, pressing upon
a light supply. International trading
IN securities seems to bet rather against
US. largely because OF the acute diff
culties that appear TO press upon the
mining stocks Spectators in London
and on the continent. In Union Pacific
impression is gaining ground that the
reorganization will be delayed, owing
TO the difficulty of securing favorable
legislation from congress regarding the
government debt. Distilling has par
ticipated in the general weakness OF the
market, but steadied on the unofficial
report of an agreement between all of
the important interests in the trade.
Manhattan sold own AZ per cent on re-
alizing. tdo 1854, rallied to 1865 per
cent, and closed with a net loss OF 3
per cent. The decline was attended by
reports of probable large expenditures
necessary for rnewalS. Leather prefer
red rose 1Hs per cent, to 70 per cent, on
reports of a settlement Of the fight on
Union tanned sole leather and of the
proba bic acquisitionof the Independent
tanneries by the United States Leather
company The denial of the allegation
resulted in drop to 70S per cent.
net loss of points for the week. The
common lost 2 per cent, Sugar scored
an early gain of l per cent, TO 109 per
cent, reacted to 1881 per cent, and clos
ed within II per cent OF the lowest
The decline was attributed to the al
legged unfavorable trade conditions, pri-
ces for sugars having shown a lower
range Other shares which were con-
spicuous in the downward movement
were: Missouri Pacific, Louisville and
Nashville, Tennessee Coal, Kansas and
Texas preferred and the Minneapolis
and ST Louis shares. A few material
gains occurred in the inactive stocks.
The aggregate sales were 992. 900.
The trading in bonds today was mod
crate in volume and an ca sier tone pre-
vailed. The sales were 1894, 900. Mis-
souri, Pacific trust fives rose per cent
Manhattan tours IL per cent and Nor
ris and Essex firsts rose l per cent
Union Pac, Lincoln and Colorado fives
declined 2 per cent and East reorgani-
cation lien SIS per cent The trans
actions in governments aggregated
$50 900.
The dealings in bonds for the week
were upon a declining movement The
losses were partially recovered later.
Substantial gains We're made IN some
of the unusually inactive bonds, includ-
ing Missouri Pacific trust fives per
cent: Utah Northern fives per cent.
Buffalo and Susquehanna firsts 5 per
cent. and Erie reorganization lien firsts
Az per cent. The more important de
clines were in st. Louis and San Fran
cisco trust fives per cent and Hooking
Valley fiyes 81 per cent. The aggre-
gate sales We're 81 $4,000.
Government bonds were quiet and
lower on sales of $1,000 State mort
cages were featurelesS-
Silver certificates were dull but high
er. Purchases were noted OF $4,000 al
677k TO 6sA per cent.
Mining shares were largely dealt IN,
the transactions reaching 1900 shares
including 1000 shares of Lacrosse at
an Improvement OF ) per cent.
FOREIGN STOCKS AND MONEY.
New York, Oct. 2s.-The Evening
Posts London caiblegram says: The
settlement in Kaffirs IL proceeding sat
isfactorily. Continuation rates are
easy but the tone closed dull on a re-
re7yal OF sales here and from Paris The |
other markets were neglected The |
general settlement viii begin on Mon |
day. Pessimistic views are current az
10 Americans. The Paris market is
still disorganized- Money Is very tight
in Vienna.
Berlin. Oct. 9s.-The weekly statement 1
of the Imperial Bank OF Germany shows
the following changes as compared with /
the previous account: Cash In hand L
Increase 125. 900 marks; treasury
notes increased so, 600; other securities
decreased $500 notes in circulation /
decreased 500. 900 marks
LOANS AND CLEARINGS.
New York Oct 2s.-The Financier
saws this week: There were no changes
OF Importance in the statement made by
the Associated Banks OF New York City
for the week ending Oct IS. the prin-
cipal features being the continued de-
crease IN loans ard the increase OF 81
81. 500 IN specie. As A large number OF 4
banks were below the - per cent re
serve on the previous week. the con-
traction in loans was 70 have been eI-
pected. There was some liquidation
OF loans from mercantile sources. how-
ever. The loans of the New York City
banks AZ the close 81 the current week
sold practically at the same figure re-
ported on June J. Orders were re-
ceivei by several foreign houses % place
sums OF money axgregating several nil
Ion dollars On tine. bat as TIE rate de-