The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-10-06
LEAVES OFF WEAK
DRIVE AT OOALERS EXTENDS TO
THE LIST GENERALLY.

4
Exchange Soon Exhausted and the
Market Stagnates = Bad Effects of
the Kanir Speculation Felt in
Very Marked Degree-volume of BUSH
ness for the Week Lighter-Bonds
New York, Oct. 5.-The stock market
| opened dull and lower The reactionary
/ movement did not make much Roadway
as good buying in Chicago Gas, send
ing that stock up per cent, also served
to rally the general list. Toward the
| close Of the session an effective drive
was made at the coalers, in which Lac
awana lost IL per cent, New Jersey
Central is per cent, Reading and Del
aware and Hudson q per cent and Sus-
quehana preferred Y per cent. Tobac-
/ CO also displayed considerable weak
ness, dropping Is per cent on the lack
| of confirmation of the reported settle
| ment between the trust and the indie
pendent manufacturing interest. The
| general list, more especially the gran
gers, was sympathetically impressed
| Speculation left off weak in tone
The total sales Of stocks today were
10000 shares, including: Sugar 5000;
1OOdCSp --,ooV, AlcHlSO0 tllcdgO
Gas 100; Burlington $500; Distilling
1000; Reading $500; Rock Island $500;
st. Paul 1900; silver certificates Is. 600;
Tennessee Coal and Iron $500; Texas
and Pacific 2,2.700; United States Cor
| dage $500; Wheeling and Lake Erie
$500.
The course of prices for the week has
been downward. At the outset a drop
in foreign exchange occurred cused by
n sod off ariva - =
stopped the gold export discussion, re-
sulting in moderate rally in the gen.
eral market. The improvement soon
eliminated, however, and themarket
| became stagnant with the usual effect
of such conditions a weaker tendency
to prices. An important negatively I'M
favorable influence upon the specula-
ton has been the concentra ton of in
! terest at foreign financial centers In the
bonn in Kaff1r gold mining shares, which
has not only distracted attention from
our securities, but has also compelled
sales by foreign dealers to fortify their
position Europe is also susceptible to
any indications of resumption Of dis
cussion relative to our currency situa-
ton. Railroad earnings and the news
generally bearing upon prices have
been mainly favorable, yet the vol
ume Of business is lighter than that
-
has oscillated within a narrow range
The lnduStrialS were most prominent
both in point of activity and extent of
the fluctuations. Chicago Gas has adj
vanced on the expectation of a favora-
BILE outcome of its legal difficulties,
which has enabled the company to re-
sumo dividends. Distilling did not re-
fleet the reported settlement of the
fight between the reorganizat ton COM
mittee and the former management.
Sugar was irregular on pool manipu-
latlon and shows no improvement
Among the features Of the week have
been an advance of 81 per cent in
Lackawana, to ia per cent, the best
price of the year, and a subsequent re-
action to point l per cent below the {,
closing of the previous week. 1t left |
off at 1914 per cent. A temporary ad- |
vance in call money rates to per cent |
which was not sustained, was also an |
incident. Further advances in anthra- |
cite coal prices are regarded as evil |
dence that the controlling interests in |
the great corporation have become CEN |
tralized- Chicago Gas, Tennessee Coal |
and Iron and Illinois Steel closed high |
er for the week. The first named de-
clined II per cent to IS per cent, rallied 4
to 72A per cent. declined to 20 per cent |
and rallied to 70S4 per cent, establish /
ing net gain Of u per cent. Tennessee /
Coal lost fraction early in the week,
then jumped As per cent and reacted |
TO 43& per cent in the final dealings,
leaving net Improvement of rs per /
cent Illinois Steel was prominent in /
the speculation. 1t rose SO per cent
and left off AZ per cent higher. New
Haven and Hartford advanced per
cent. In the other markets figures are
below the closing sale of the preceding
week with the more material losses in |
the speculatives as follows: Evans
Vile and Terre Haute to 9S per cent:
Alton and Terre Haute 315 per cent;
Chicago and Eastern Illinois preferred
2A per cent; Tobacco 2as per cent; Bal
timore and Ohio pa per cent and Erie
Telegraph per cent. The aggregate |
sale of stocks were 1.177,SO0 shares.
Bonds were quiet and as a rule easier
with sales of 1895, 900. The mere i'm
portant receSsionS were: Oregon I'M
provement consols IL per cent and st.
Louis Southwestern seconds per cent;
some gains of note in Kansas Pacifics
of 81, per cent; Denver and Rio
Grande firsts Us per cent and New En-
gland sevens / per cent. The movement |
ing the week as regards the specula-
tives and they left off generally frac-
tionally lower than the final quota
lions of the previous week.
Government bonds were active and
strong. The sales were 1856, 900 chiefly
of the new tours.
In state securities sales were record
ed of $4,000 Virginia: $4,000 Virginia
5000 Alaama tours. fives,
class \, and 5000 Louisiana consols
tours.
Silver certificates were dealt in at
67h az per cent for si5, 900.
FOREIGN STOCKS AND MONEY
New York, Oct. 5.-The Evening Post
financial cable says: Americans and
all stock markets were dull in syr-
patty with kaffirs These. however.
closed above the worst and although
dizziness is looked for, a measure OF
recovery is expected as soon as iuflu-
entail support is forthcoming al the de-
cline. The rates of discount at the fol-
lowing centres are: Paris ia per cent:
Berlin per cent; Hamburg , per cent:
Vienna As per cent; Frankfort 81. per
cent: Berlin exchange on London at
days sight is 90 marks. 43I2 pfennings.
New South Wales announces the is
sue Of loan OF four millions sterling !
This may slightly stiffen prices next
week Paris markets were dull. clos
ing rather better. AT Berlin there was
q quiet and steady market
London. Oct. 5.-Closing consols for
money 101is; do for account lo7 Lie: !
Canadian Pacific 69za; Erie I2I.: Erie
seconds Slis:: Illinois Central la3L.: I
Mexican ordinary -. 81. Paul common
-: New York Central l05I.: Pennsyi-
Tania 57is; Reading lo5i4: Mexican