The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-10-16
LIVENED UP LATER
STOCK MARKET REVERsEs THE PRE-
VI0Us DAYS PROGRAM

1 Wnicn aods vastly to the Volume of
| Business and Develops Strength which
| Lasts to the Close-Prospect for Trunk
| Strengthening Factor-New DistEIery
| Stock Quoted-London Watches Paris
| New York, Oct. 15.-Speculation was
| irregular in its course at the outset and
remained dull until practically the last
hour. when an animated movement set
in. The squirt carried the record of bus
mess for the day above yesterdays
! total. In some respects the market was
the exact contrast 10 that OF yesterday
as after some hesitancy al the start
a strong tone developed which was
| unimpared up TO the close OF business.
The improvement was, as the weakness
of the day had been, chiefly due to the
operations Of the professionals. Lon
don was a seller rather than a buyer
OF our stock and the tendency in the
sterling exchange market was noted
| as downward The Union Pacific state
| nent for August was not a bull card.
as it showed a decrease for the entire
| system of $685.. 600 in gross and So e45 in
| net. The market. however, was not IN
] favorably influenced by any OF these
considerations, or by the continued dis
turbed trade conditions OF some OF the
| leading industries. An encoura ging de-
velopment was the forging to the froat
Of the granger shares. In the indus
trials. Chicago Gas and Leather pre-
ferred recorded the heaviest trading
The strengthening factor in the market
/ IN
OF the radical change for the better in
earnings, the result from the strong
rate agreements that are now prSctic-
ally in the stage OF completion among
the New York trunk lines and connec-
ting roads. There is authority for the
belief that an understanding will also
be reached by the Great Chicago trunk
lines. A steadier market for sole leath-
er, which has been the chief cause of
dispute. between the United States
Leather company and the outside tan
nerS, was followed by appreciation In
the price of the preferred stock, while
the traders were confident the govern
ing committee of the New York stock
exchange would list the Central trust
receipts for Chicago Gas. Distilling
was unresponsive 10 a considerable
amount of favorable news and gossip
concerning the outlook OF the property.
In the unlisted department trading oc-
CURED for the first time in the stock OF
the new concern. the American Spirits
Manufacturing company, subject TO is
sue. There was continued strength and
activity in the railway bond market.
The date of publication of the Union
Pacific plan of reorganization has been
again changed, this time to Thursday.
The extreme advances extended TO S4G
in 49, he 10 81 In,
Rock Island. Northwest reached and
closed at the best figure of the year,
101ls per cent: Leather preferred and
Iowa Central preferred rose per cent;
Manhattan preferred 1Z per cent; Cot
ton Seed Oil preferred is per cent; COM
mon per cent: ST Paul and Omaha =
per cent; Kansas and Texas preferred
IL per cent and Tobacco 1k per cent.
Gains of full figures were scored in
many other stocks. The close was
strong al not far from the highest point
The common stock of the American
Spirit Manufacturing company was
dealt in at 14lzqS per cent and the pre-
ferred was quoted at Az per cent
The total sales of stocks today were
191, $40 shares including: American
Sugar $500; American Tobacco 1900;
AtchiSon assessment paid $500; Bur-
lington %, 200; Chicago Gas $4,000; Dis
tilling $500; Missouri Pacific $500:
Northwest 100: Omaha $500: Rock Is
land 500; ST. Paul 5000; silver certif-
Gates 200: Union Pacific $500; Leather
preferred $500.
The trading in bonds was character
lied by considerable strength and ami
nation, the dealings aggregating s.
10000. The specula ton embraced a
number OF the usually inactive mort
cages, in which substantial advances IS
a rule were noted. The more import
ant net gains are: St. Paul. Chicago
and Milwaukee firsts 81 per cent; St
Paul, Indianapolis and Milwaukee
frsts 2k per cent; St. Paul, Chicago and
Milwaukee fives IA per cent; Kanawha
and Michigan firsts per cent: Duluth
and Manitoba firsts. Dakota extension.
trust receipts per cent; Pacific skies
Of sc: Union Pacific skies OF '99; Erie
fourth extended and Savannah and
Western firsts trust receipts IL per
cent; Kansas and Texas OF Texas flrsts
1as per cent; Oregon Short Line. skies
IL per cent and F't. Worth and Denver
and Colorado frsts. and Nashville |
Chattanooga frsts l per cent Brook |
fyn Elevated seconds fell off per cent, |
and Tennessee Coal firsts, Birmingham |
division, per cent
Government bonds were neglected. |
State issues were not dealt IN.
BANK CLEARINGS.
Philadelphia, Oct l5.-Ciearings as
So, 1895; balances sI,97s. s36
St Louis. Oct 15.-Clearings s4s17,- |
Gal: balances ssi5.5S0 Money 567 per |
cent New York Exchange 50 discount |
bid
New Orleans. Oct. 15-CIearings a.
sos. 2o7.
FOREIGN STOCKS AND MONEY.
New York. Oct 1.-THE Evening /
Posts financial csblegram says: The /
London stock markets were dull today /
on weaknesses in Paris and nervous
ness about the settlement tomorrow.
but closed generally above the worst
Americans closed very strong. The
speculative position in Paris Il atten-
lively watched Exchange on London /
jumped 70 25-T today. apparently 3n /
connection with the forced movement
IN mining shares. which were being
carried here
London. Oct. 15.-Closing .. N Con
sols for money I07 SIG: account 197&
Canadian Pacific s.: Erie I2S: Erie Sc
onds s3iz: Illinois Central Is3: -. Paul
common y. New York Central los. |
Pennsylvania s.; Reading 1es.: Mexican
Central new fours ~ Silver aid -
ounce.
London. Oct I5-Goh Is quoted a.
Buenos Ayres today AZ - 20. a. Mad
rid IS: az Lisbon =: at 81 Petersburg
30: Athens g. Rome 1oi-75: Vienna Is5-
Berlin. Oct I5.-Ths stock markets |
were dull today. There was a sharp |
fall in he long rate on London. Thiz
may indicate rsse n money there De-
fore long
Berlin. Oct f5-Erchanze on Lordou |
eight days sight - marks % pen
zirxS