The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-10-23
PRICES GO SAGGING
STOCK MARKET SLUGGISH WITH
FEW NOTABLE CHANGES


sids-Rsliy In Foreign Exchange
curity Bills Relied ON to Produce Easier
Rstes-Advances in Anthracite Coat
Pr:ces-stock Market Closes Dull with
Slight Recessions in Leading shares.
New York, Oct 22.-The stock market
today was sluggish and the few chang
es OF note recorded were the result OF
the operations OF the room traders. In
/ only two OF the usually active shares
| was the 10000 share mark reached. Ru-
| mors Of disturbances abroad in con-
| nection with the African gold mining
speculation, lower prices for American
securities in London and sales for that
account In this market had depresS-
ing effect upon the opening and a rail-
~ in the foreign exchange market also
had unfavorable significance. in the
opinion OF the financial community It
is estimated. however. that large am
cunts OF security bills may soon be
available and contribute toward easier
rates. About the only definite news
bearing upon the market that obtained
circula ton, was OF further advances in
anthracite coal prices at the east and
west These advances range between
% and 80 cents per ton over the recent
~ quoted prices The Philadelphia COM
pany will advance on Thursday next
10 about the same level. The news fell
fiat upon the market. At the outset the
trading was quiet and irregular, with
but slight changes, as rule. Kansas
and Texas preferred and Sugar soon
developed weakness under the hammer
and yielded important fractions. 4
brief reaction ensued in which light re
coverfeS We're noted. but after the first
hour prices again began TO sag. Bay
State Gas declined X per cent and To-
bacco l per cent Pressure was brought
against Louisville and Nashville, Ten
nessee Coal and Leather preferred. but
the losses in them did not reach full
figures Toward midday, on liberal
covering by the shorts. a rallying ten
dency prevailed. Leather preferred.
gained per cent; Bay State Gas and
Tobacco ~ per cent and Tennessee
Coal Is per cent. A reactionary move
ment again set in around the last hour.
The Chicago and Eastern Illinois
shares were dealt in at concessions OF
IL per cent and "a per cent for the
common and preferred respectively. as
compared with the last preceding tran
Il
per cent. The market closed dull. with
slight recessions. generally in the lead
ing shares.
There was a. marked increase in the
volume Of bond transactions over that
Of the preceding day, the sales aggre-
eating 81 1893 900. The movement of pri-
ces, however. was as usual of late, ex-
tremely erratic. Hooking Valley skies
broke AZ per cent, to s9A per cent. with
a subsequent rally 10 90i9 per cent; st.
Paul $40 8 were dealt in at Us per
cent, a gain from lis per cent, the last
preceding sale on May 81. Other mate
rial net changes are: Declines-St.
Louis and San Francisco trust per
cent; Buffalo and Susquehana firsts Pa
per cent; Savannah and Western firSts,
trust receipts IL per cent; Reading
fours ard Union Pacific skies of 81, rs
per cent and Union skies OF 'e9. Cotton
Oil Fights and Toledo and Ann Arbor
first trust receipts l per cent Advances
-East Tennessee reorganization Az S,
pa per cent: jefferson firsts 2 per cent:
Missouri Pacific collateral fives and
Knoxville and Ohio firsts rs per cent
and Michigan Central consols fves.
Consumes Gas of Chicago and Flint and
Pierre Marquette, Port Huron division.
fives 1 per cent
The dealings in governments aggre-
gated $4,000. The fives were slightly
lower.
State issues were neglected, the spec
ulation being confined 10 $50 Tennessee
settlement threes. small bonds.
BANK CLEARINGS.
Philadelphia, Pa, Oct. 22.-Clearings
s1s.s52.15l; balances s2,105. ls9.
St. Louis, Mo-. Oct. 22.-Clearings $4,-
19s. 59s; balances s353, 095. Money 5Gl
per cent. New York exchange $l-2S dis
count.
Memphis, Tenn, Oct. 22.-Clearings
s44.543. balances SIS, S22. New York ex-
change selling at $50.
New Orleans, La, Oct. 22-Clearings
81 692 215