The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-09-21
CLIQUES WORK 1T
THEIR ACTIVITY OENTERING IN
TIE INDUSTRIALS.


High and Low, Closing ut Net Loss OF
Two and half Per Cent-Chicago Gas
and Sugar Do Some Aerohatics. Closing
At Good. Round DecIines-Opening
Strsng and Active, Close weak-Bonds
SymPathize with Shares but Close Firm
Loan Market and the Gold Situation.
New York. Sept. 2o-Today's stock
market was in most respects a repeti-
ton OF the feverish backing and filling
in prices that has been familiar OF late
The movement were attributable TO the
professional cliques that are now pre-
dominating in the manipulation Of the
industrials.
Both money on call and rates Of ster-
ling exchange were advanced The first
mentioned development was favorably
regarded as Ii has been declared that
the gold exports would not survive a
four per cent money market. At the
same time the supply of money availa-
BILE is exceptionally large. The state
ment of the Associated New York banks
will be taken as the keynote 20 the mon
ey market in the immediate future In
the meantime the demand for money
is still comparatively light The fact
that only a slight engagement OF gold
was made, on day that is usually
conspicuous in the week for heavy with
drawals was encouraging. The expec-
talon of effective harmonious action
at today's trunk line presidents meeting
was also a Strengthening factor in the
general railway list.
The market opened strong and VITA
considerable display of animation
The trend Of prices continued upward
until 1915. Up TO that time material
gains were scored. Tobacco was a star
performer. 1t opened IL per cent high
er. at 104 per cent, reacted to 100i1 per
cent. rallied to 10l7s per cent. declined
TO es per cent,advanced 10 1o4k per cent.
fell back TO 9s3a per cent and rallied 10
and closed at 1907 per cent, a net loss
of 21e per cent. The excitement was all
occasioned by the denial OF the reported
settlement between the American COM
pany and its outside competitors. Chi
cago Gas was another erratic stock. 1t
sold up in the early trading to III per
cent. gain of is per cent, then react
ed to 68as per cent, rallied to 20 per cent.
declined to 6711 per cent and closed at
67Z per cent, loss OF Is per cent. Su-
gar rose q per cent, TO 10s% per cent,
reacted to 1861 per cent rallied to 1918
per cent. fell to 1047s per cent and
closed II 1855 per cent, a net loss OF 2ss
per cent. In the early dealings gains
scored in the railway list extending to
is per cent were partially wiped out
as result Of the final drive at the in
dustrials. A sale of 100 shares Of Amer
fno ar
per cent, considerably above the last
sale on the 9Th instant. The market
closed weak
The total sales OF stocks today were
41s,792, including: American Sugar A.
700: American Tobacco 81. 700: Atchison
third assessment paid 1890; Burlington
$4,000: Chicago Gas $500: Distilling IA
500: General Electric is 800; Kansas and
Texas preferred $500: Missouri Pacific
$500: National Lead $500: Northwest
$500; Pacific Mail 5000: Reading 3d.
600; Rock Island 1900: Southern rail-
road preferred $500; Tennessee Coal and
Iron 10,s00; Wabash preferred 1900.
The cratic movements in the share
speculation had an unsettling effect on
the bond market but the closing was
generally firm. The sales were 81 357. 900
LONDON STOCK EXCHANGE.
New York. Sept. 2o.-The Evening
Posts London cablegram says: The
stock market is still inactive. Ameri-
cans were the best market but the
rally there was entirely owing to New
York purchases. only professional oper-
tons closing at the best. The coal
stocks were strong on the advance.
GOLD SHIPMENTS.
New York, Sept. 20.-Stone Bros, jew
elers, will ship $50. 600 in gold tomorrow
The Hoboken Bank exchanged $4,000
In gold for currency at the subtreasury
today.
Washington. Sept. 20.-The treasury
today lost $4,000 in gold for export
and gained $4,000 by deposits. leaving
the treasury amount Of the gold reserve
s95.123s
BRADSTREET'S STOCK REVIEW.
New York. Sept. 2o-Bradstreet's
stock reveiew will say: BulIish tenden-
cies have again asserted themselves in
speculation. the revival Of confidence
after the severe liquidation OF las: week
being much more rapid than usual IN
such cases. The industrial group in
particular has recorded an improve
ment in the lower range OF quotations
esta blished by the unexpectedly large
Sbll t&pOTlS anu the IFC4lUt bL
treasury specie reserve below the hun
dred million level. The latter condi-
ton has not been remedied but natural
causes seem 10 have assisted the bond
syndicate and the banks 70 create
lower level in foreign exchange and
check the gold outflow. Commercial
bills particularly drafts against cot
ton exports. are offered with greater
freedom while the hardening OF money
creates a presumption that foreign cap
ital VIII again seek employment here.
The pressure Of bills on the exchange
marke: was sufficient 10 cause 2 decline
in the demand rates from s4sss4 20
81 seL. About 81 .55o. 900 was shipped TO
Europe early IN the week and the early
rurnors % exceedingly heavy gold ex-
ports on Saturday were accordingly re-
vivei The fact that banks in other
cities have been rendering assistance
70 the treasury has had no effect Ru-
mors OF a new bond issue were kept
up pe-sisten:ly. London purchased
stocks on the decline but showed no
further interest In Americans when TIE
advance was renewed. nor. though the
activity increased with the higher range
81 prices. does our own public seem 10
have regained confidence
COFFEE MARKET.
New York Sept c-Coree@options
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