The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-10-10
SHARES TURN AGAIN
SPECULATION MORE REGULAR,
PRICES TENDING UPWARD.

Connicttng News and Pcrversity of Prices
In Disregard of News are Features of
the Day-Money Rates Decline-SIiser
Highest of the Year-Union Pacific Re
organization and the Chaotic State of
Western Freight Rates-Eariy Upward
Tendency Shows Itself-Close Is Firm
and Higher-Americans Dull In London.
New York. Oct. s.-The speculation
today was upon about the same scale
as TO activity as yesterday but was
much more regular in its course. the
tendency Of prices being mainly up
ward The dealings were TO a very
large extent inspired by the profession
al dealers. The news was of a conflict
ing character. For instance. decline
IN the rates for money. an advance in
silver certificates to the highest price
OF the year, and rumors of progress that
is said TO have been made in the for
nation and underwriting OF a plan OF
reorga nization of the Union Pacific rail-
way systems. were Offset by reports OF
increasing Generalization in railroad
rates at the west. This last develop
ment If allowed TO continue, would de-
tract the important result TO the an
thracite railroads of the advances in
coal westbound. Reports that the val
ue or the securities IF the Oregon I'M
provement company mad been jeapor-
died by the failure of the manage
ment to renew it's marine insurance.
were attended contradictory by a sub
stantal advance in the price OF the
first mortgage bonds. The second con-
sol fives also improved fractionally
The publication OF the annual report OF
the Western Union Telegraph company
did not stimulate activity in the stock,
which fuctuated within an extremely
narrow range. Erie Telegraph in the
specialities rose sharply on rumors OF
a probably increase in the dividend
rate.
The market opened Irregular and
moderately active. the international
stocks being helped by higher quota
tons. as rule, in the London market.
An upward tendency soon became evil
dent, 10 which a charge of shorts lent
some impetus. Missouri Pacific was
bought on reports that the Gould inter
est would be influential in the expected
reorganization of the Union Pacific.
The stock advanced rs per cent and
Chicago Gas and Sugar each / per
cent, the last upon reports of an agree
ment getween the wholesale grocers and
the refiners. Near IL o'clock Chicago
Gas was raided down rs per cent. TO
65A per cent. The general list declined
fractionally. About midday a sharp
rally occurred in Chicago Gas. bringing
it to 6S2s per cent, or 29s per cent from
the lowest. The entire movement was
n
free covering OF shorts In the other
markets, resulting in almost general
advances, extending to IL per cent in
Lackawanna and Cleveland, Cincinnati
Ii and st. Louis. Some noteworthy
fluctuations were recorded in the spec
ialities. Erie Telegraph. on reports al
ready referred to. jumped 10 SIS per cent.
the best figure of the year and gain
for the day of 5 per cent. The stock
sold as low as 45I& per cent on February
Is. Nashville, Chattanooga and St
Louis. which has been 20 per cent bid
and 80 per cent asked for long period
was traded in at S1h per cent. Only
100 were recorded. The final quotations
were at the old figures. Starch first
preferred jumped ~ per cent, to SO
per cent. and reacted to 55A per cent.
Around delivery hour realizations caus-
ed slight losses which were partly re-
gained in the final dealings. The clos
ing was firm at Improvements for the
day on the active list, extending to
IL per cent in Chicago Gas.
Firmness characterized the early
speculation in bonds. In the ensuing
operations irregularity was for time
evident. but in the late trading. val
ues generally i'm proved with consider
able interest to some speculative Is
sues. The volume of business was nor
NAL, the sales aggregating 81 sos. 900.
The Union Pacific mortgages were con-
spicuous in the dealings and scored i'm
provements Of y to IL per cent in the
latter in the 97's and 9s's. The advance
was attributed to rumors that a reor
ganiZation plan OF the property would
shortly be made public. Reading Sc
curities were easier but subsequently
stiffened somewhat. The more import
ant net changes are: Advances-Ore-
gon Improvements firsts 2L per cent:
Baltimore and Ohio fives and Kansas
Pacific consols trust receipts per cent;
New York. New Hampshire and Hart
ford consols debenture certificates Is
per cent; Albany and Susquehanna con-
soils sevens Y per cent and Cleveland.
Lorraine and Wheeling firsts. Colorado
Coal skies. Missouri Pacific thirds.
Starch firsts and Texas and Pacific
1 per cent. Declines-IOwa
City and Western firsts and Interna-
tional and Great Northern thirds 3 per
cent; Cordage first trust receipts Ia
per cent: Reading fours trust receipts
unstamped 12s per cent: Reading firsts
incomes I1s per cent: ST. Louis and San
ia Fe fves 81 per cent; Equitable Gas
OF Chicago skies IL per cent and San
Antonio and Arkansas Pass fours. Wis
consin Central flrsts trust receipts, St
Paul. Southern Minpesota firsts and
St Paul and Central Pacific hrsts l per
cent.
The dealings IN state bonds were |
confined to sale OF 81 900. Virginia |
centuies at ga per cent
Government bonds were inactive.
FOREIGN STOCKS AND MONEY |
New York. Oct. s.-The Evening /
Posts financial cablegram says: There /
was a small scare IN mines az the open I
ing but speedy partial recovery. The 1
r ob!nsOn and Barnafo groups are /
changing buyers on support from Par /
is dealers who after the fiatness turned 1
this afternoon and prices closed stead /
er at the best Of the day. The true % I
sition on speculative ACCOUNTS OF KAT l
frs will not be known TIL Saturday 1
n the settlement. about which there - i
some anxiety. Americans hoe been i
iull. foreigners selling them but New /
York absorbed all the stock that was 4
offered and the market closed Arm
RaNE CuEAPTGC.E