The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-10-11
CLOSES AT LOSSES
STOCK MARKET LESS ACTIVE AND
MOVEMENT LESS REGULAR
Bulk of the Dealings Observation-Disclosures
tie Rule, Trading showing Strength.
Western Union Gaining One Per Cent
Changers Helped by Efforts to Settle the
Western Rate War Leather Shares
Raided by Bears-Enect OF the Govern
ment Cotton Crop Estimate.

sfoeo oy oears-Enect or the ooSern-
ment Cotton Crop Estimate.
New York. Oct 10-The stock market
today was somewhat less active and the
movement Of prices was irregular. The
professional dealers were responsible
for the bulk OF transactions. London
sold some OF the International stocks
but was not much of a factor in the
dealings. The opening was moderate
ly active, most stocks showing advan-
css. The early trading was marked by
strength and this condition lasted un-
Ill the end OF the first hour The ad-
vances scored extended 10 is per cent
in Union Pacific. Reconsideration Of
the Western Union annual report ap-
peared to have a favorable effect. as the
stock rose l per cent. The grangers
were helped by reports from the west
of efforts to settle the railway war while
progress reported by the conferees at
the Trunk line meeting in this city caus-
ed hopeful sentiment toward that
group. The Leather shares were sub
.1ected 10 an effective raid by the bear
traders about IL O'Clock in which the
common yielded 3-S per cent and the
preferred 2 3-S per cent. Pressure was
also exerted on the general market with
Chicago Gas and Louisville and Nash
Vile especially objects Of professional
attention. The stock mentioned drop
ped 5-S per cent and 3-4 per cent re-
spectively. In Louisville and Nash
Vile The selling was attended by re-
ports of dissatisfaction over the govern
ment cotton crop estimate. Supporting
orders checked the downward move
ment around p m. and rally en-
sued which carried quotations up 1-sG
Ia per cent, the last increase being IN
Chicago Gas. The movement In this
stock was regarded as due chiefly to
the manipulation OF a strong pool. al
though the various reports purporting
10 foreshadow the lines Of the proposed
reorganization had some effect. The
Improvement was not sustained. how
ever. as further determined onslaught
was made by the bear contingent in the
last hour which resulted in a general
slump in prices TO the lowest of the day.
In the reactionary movement. the gran
gers, industrials and Southwestern
shares were conspicuous. The market
closed weak at general net losses. The
most porminent of these we're in India
napolis. Illinois and Iowa 9 Ia per cent;
Iowa Central preferred 81 per cent:
Baltimore and Ohio and Louisville and
Nashville 1-2 per cent; Leather pre-
1Ci Cd L O-f per LtdIncT
Is per cent and Chicago Gas, and
New Jersey Central 1 per cent. The
anthracite coal stocks as a group were
not as responsive as had been expected
upon the advances in coal prices. Slight
gains were recorded In Union Pacific,
Denver and Gulf and Mexican Central
in the early dealings and were set down
to the improvement in the prices OF sill
Yer. which always exerts influence upon
a ~ in aaffx 80 Il,
OF other lines In contiguous sections
The last mentioned stock closed at a
slight net loss
The total sales OF stocks today were
1858 shares, including: American Su-
gar 1920; American Tobacco $500;
Atchison assessment paid 3.700; Burl-
ington $500; Chicago Gas 1890; Dis
filling 500; Louisville and Nashville
5,l00; Missouri Pacific $500; st. Paul
400: silver certificates 5000: Tonnes
see Coal and Iron $500; Union Pacific
$500; Leather 6.400; Leather preferred
5000: Wheeling and Lake Erie 400
There was a slight increase in the
volume of bond trading today. the sales
aggregating S1,779, 900. The temper OF
speculation was decidedly bullish and
the transactions embraced a number Of
hitherto neglected issues. Values Of
the speculative mortgages suffered
somewhat in the late operations; the
depressed condition of the share mar
ket being the primary cause OF the re-
cessions- The more important changes
are: Advances-St. Paul firsts. Iowa
and Dakota extensions. Kansas Pacific
consols trust receipts 3 per cent; Erie
firsts funded 21a per cent; Erie firsts
consols IL per cent; Oregon Improve
ment consols fives 2 per cent; Mime
sofa and St. Louis firsts, Southwestern
extension and st. Paul and Northern
Pacific firsts III per cent: Cordage
firsts trust receipts 1% per cent: Union
Pacific and Denver and Gulf firsts IL
per cent; St Paul Minneapolis and
Montana AZ per cent; Kansas Pa
cffic SKIES, Denver division, assessed
and Ohio and o. consol sevens and
Ohio and o. consols sinking funds
sevens l Der cent Declines-Kansas
and Texas fives rs per cent; Nashville
and Chattanooga consOl fives IL Per
cent and Peoria, Decatur and Evans
vile seconds trust receipts. and Michi-
gan conSol fives Of 1902. per cent.
Government bonds were dormant, the
trading being confined TO sales OF a.
600.
State securities did not figure in the
dealings.
The Evening Post says: Houses with
western connections were the principal
sellers OF silver certificates today. They
intend TO deposit about 5000 ounces in
the Mercantile Trust company IN order
10 obtain the certificates for delivery.
knowledge OF this fact caused the late
reaction in stock exchange price IN the
face OF an advance at London.
LOAN MARKET.
New York. Oct I0-.Money on can
easy at 2Ei2iz per cent. Last loan per
cent, closed 2 per cent Prime mercau-
tile paper 4%d6 per cent Sterling eK-
change frmer with actual business IN
bankers bills at s4s7I. G4s7lz for de-
mand and 81 ssisd4sss for sixty days;
posted rates s4s7Gis7z and 1850
t-ssis: commercial bills Ass. Silver
certificates sssS dse.
FOREIGN STOCKS AID MONEY.
London. Oct. i0-ClOsing: Consols
for money 197 7-ls: Consols for the ac-
count ie7lz; Canadian Pacific sl7s: Erie
y; Ere seconds M !; Illinois Central
1e3A; Mexican ordinary Iiz. Ct Paul
common 7siz: New York CeotrzI 1c5a4
Pennsylvania 57iz: Reading l65s: Mex
lean new sogrs 7zI. bar silver = 1854
Ter ounce Money l Per cent: the rate
o. discount In the open MARKET for
short biEs < per cent. rate OF discount
in open market for three months bills
s-1sG = per cent
The bank OF England rate 70 Dis
count remains unchanged az , Per cent
Bar silver closed a. 81 3-isi Pc ounce
The weekly statement 81 the bank -
England issued today shows the f1ilrET-
ing changes as compared With the pre-
vious account. Toial reserve d~cress-
ea s.s 90 pounds. circulation decreased
20. 90 pounds: bullion decrsasz5 los
oss pounds. other securities dscrsased
1s7. 90 pounds. other deposits increased
10 60 rounds. pubic Deposits l..