The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-10-04
MARKET is QUIET
NO NEWS CALCULATED TO UNSET.
TIE STOCK VALUES.

Tendency Of Prices is Upward, with the
Volume Of Business Somewhat Dimin-
ished-First Hour il Animated but Quiet
Reigns Observation-Disclosures Chief Ia
Point Of Interest-Heavieat Railroad
Dealings In St Paul-Railroad Reports
Generally Encouraging - Reassuring
Conditions Exist in Sterling Exchange.
New York, Oct. 3.-Though marked
by some irregularity the trend os the
speculative movement was mainly up
ward. The volume of business was not
quite UP to yesterdays record and the
professional operators. as usual recent
| ly. dictated the course of prices. The
| industrial shares held a firm place in
point of interest and in the railroad list
st. Paul was the leader in extent OF
dealings. In the first hour the mar
ket was animated but subsequently
the speculation quieted down. There
was no news of an unsettling charac-
ter. Realization of profits in Sugar
| was evident, although without mater
ial effect upon its market price. The
influence of the Improvement in the
I statistical position Of the industry has
been favorable, but the approach to the
time when congress will re-assemble,
| diSpOseS the larger operators to act
with great caution. Some disappoint-
ment was expressed over the showing
| of earnings Of the St. Paul company for
| the fourth week of September. although
| substantial increase was reported in
| the Rock Island for September. Ii did
not come up to the previous estimates
| Of the extreme bulls. Other railroad
| statements published, including a num-
! Der for the month of August, were in
| the main encouraging. The increasing
| supply of commercial bills in the ex-
| change market also has a reasSTing
| effect. the industrial stocks display
| ed great irregularity of movement.
| Tennessee Coal was conspicuous in this
respect. 1t led off with a gain Of rs
per cent, then reacted 12s per cent, to
rally again rs per cent. The specula-
| ton in it was attended by reports Of
| larger new contracts and of offering
for block Of bonds held by it, the pro-
ceeds of the sale of which. if effected,
would be applied to the extingushment
Of the floating debt. Sugar was ire
| gular within a narrow range, and lost
| z per cent net. Tobacco broke 1k
per cent, regained the loss and closed
| fractionally lower. Chicago Gas ended
rs per cent net higher The coal and
| iron shares were more prominent than
usual. Illinois Steel, after some back
| ing and filling. made net gain of per
| cent. Colorado Fuel retained all but
] slight fraction Of an equal advance.
I Minnesota Iron ended rs per cent bet
| ter than yesterday The usually lead
| ing stocks were inconspicuous. In the
ordinary inactive list, New York. New
! Haven and Hartford rose 3% per cent,
Cordage guaranteed, IL per cent, st.
Paul preferred, u per cent, and Alton
and Terre Haute, Starch and Minnea-
polls and st. Louis second preferred, l
per cent. Erie first preferred, when is
sued, was dealt in at 51A@51k per cent.
The market closed steady.
The total sales Of stocks today were
229,5 39 shares, including: American
Sugar. A, 700; American Tobacco, 300;
Atchison third assessment paid,S $500;
Burlington, 10000; Chicago Gas. 1880;
Distilling, 15.4OO; Illinois Steel, 1.4OO;
Reading, 300; Rock Island, $500; st.
Paul. $500; Tennessee Coal and Iron.
13, 100; United States Cordage assess
ment paid, 1900.
The bonds were animated, higher
prices prevailing. Tennessee division
coal sold "a per cent higher; Kansas
Pacific consols trust receipts, 21a per
cent; Western New York and Pennsyl-
vania firsts, rs per cent; st. Paul guar
anteed and dividend sevens, is per cent
st. Paul and Omaha consols, Il per cent
Chesapeake and Ohio r. and A firsts
consols, Il per cent, and Iron Mountain
fives, Atchison, Colorado and Pacific
firsts. dull; Mobile and Ohio tours and
Minnesota ard st. Louis firsts, l per
cent. The sales were 81 ,675,0 600.
FOREIGN STOCKS AND MONEY.
III noS
Posts cablegram says: The decrease
Of coin and bullion in the Bank of En-
gland this week is entirely due TO cash
going into home circulation as usual at
the end OF the quarter, the gold import
ed for the week being only $4,000 The
details are as follows: One hundred
and seventy-four thousand pounds in
bars bought 43. 900 in the United States
$4,000 pounds from Australia, 200, 900 to
Egypt, 1,00o to the continent, and "a 900
pounds in Spanish coin sold. Germany
is buying gold here today although the
exchange on London is higher. This
looks as though the fall of American
exchange had momentarily shifted the
demand to London. Mines especially
We're fat and heavy selling from Paris
where it is rumored that the clique who
engineered the rise there are getting
out. This rumor may be rue. but cam
wish, for obvious reasons, to depress
the markets. Americans were firm on
full exchange bills. The support was
almost entirely from the United States.
They closed a fraction under the best
prices.
London. Oct. 3-Closing consols for
money. 107 1-16; for the account. 107A
Canadian Pacific. e3%: Erie. 1913; Erie
seconds. S2st; Illinois Central, 1924
mon. 1919: New York Central, 1851 |
Pennsylvania. SIS; Reading, IL; Next |
can Sentral new tours. 723.; bar silver, |
80 1-16d per ounce. Money Ia per cent. |
The rate of discount in the open market |
for short bills, 9-16 per cent; for three |
months bills. 9-1s per cent.
Gold is quoted at Buenos Ayres today |
al 221: Madrid. Is: Lisbon, PAN: st. |
Petersburg. so; Athens. az; Rome, 1915; !
Vienna, 1O3.
,SJsower ?ingssfli.ifleve eta eta etaoinoi |
The weekly statement Of the Bank Of |
England issued today shows the follow |
ing: Total reserve decreased PISS. 900: |
calculations increased. 1.215.000 pounds; |
bullion decreased 910.937 pounds: other /
securities increased 30S0 pounds: 9TH |
e. deposits decreased 1143 600 pounds: |
public deposits decreased 105. 600 pounds |
notes reserve decreased eSI0. 900 pounds |
government securities decreased oH,VNo ]
pounds. The proportion of the Bank !
OF England reserve 70 liability. which |
last week was $50 per cent, IS now |
80 o. per cent.
Berlin, Oct. 3.-The weekly statement |
Of the Imperial Bank OF Germany shows
the following changes as compared with |
the previous account: Cash in hand !
decreased $3.50. 900 marks: treasury
notes decreased 1850 600 marks: other
securities increased rs. 900. 600 marks:
notes in circulation increased 2o2. 90. 900