The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-10-01
PRICES ARE SHADED
CHANGES IN TIE STOCK MARKET
ARE MAINLY DECLINES.

CHANGES IN TIE STOCK MARKET
ARE MAINLY DECLINES.
Movement Irregular and Volume Ligheoe-
Important Influences Have . Foeoarn
Source and Include . Firmsr SteE11ng
Exchange Market and . More Rsvoe-
able Attitude of Foreigners to A1ses-
can notwithstanding shares Hoach
the Highest During the Present nRevs-
msut and the Bonds are Pr0minen&
New York, Sept 3o.-The stock move
ment today was irregular and the vol
ume of business was somewhat lighter
than on Tuesday. At Intervals during
the afternoon the dealings were marked
by considerable animation, but the mar
ket lapsed into comparative dullnass in
the afternoon session There were but
few Influences Of an important general
bearing, aside from a firmer market for
sterling exchange and a more favorable
q <4- WV a. - Oa@ cNNaA AS-CS S-4 <<<$
part of the foreign dealers. Quotations
for American securities came higher and
the arbitrage houses were buyers Of st.
Paul and Louisville and Nashville, but
later in the day sold the irterna tional
shares. The local market opened string
and higher with The volume of business
large. Louisville and Nashville, Bur-
hngton and ST. Paul We're strong fea-
lures in the railroads and Leather pre-
ferred advanced a point, to so per cent,
on continued reports of Improvements In
the market for sole leather. In the re-
action the bears selected the Industrial
group for special attack and under free
offerings Sugar, Leather preferred and
Tobacco yielded a point. The market
became dull at the low level, although
some other specialties displayed marked
strength, notably Pullman, which rose
to 149 per cent, and Consolidated Gas.
to 1872 per cent. Toward the middle
covering by shorts caused slight general
gains, except in Sugar, which reacted
on renewed pressure. Reading was In.
brisk demand and touched 20 per cent,
the highest point reached in this move
ment. Tobacco was only fractionally
affected by the news of further reduc-
ton in the price of the company's pro-
duct Incidental to the fight with the
plug tobacco manufacturers and closed
at net loss OF Is per cent. Around de-
Mvery hour renewed bear pressue caus-
ed a shading in prices all around. The
closing was heavy at irregular frac-
tional changes, mainly declines
The total sales of stocks today were
21S. 9S1 shares. including: Sugar. 27.700;
Tobacco, $500; Atchison, $500; Burling-
ton, q 200; Chicago Gas, $500; Louis
vile and Nashville, q. 500; Manhattan,
S., 900; Reading third assessments paid,
%, 2OG; Rock Island, 1000; St Paul. $500
Southern Railway preferred, 300.
The heavy buying OF Reading bonds
continues to attract general attention.
Sarp gains were made at the outset, but
tie improvements were not retained. The
general market ruled firm but other
wise featureleSs. The sales were ST.
lbs, 900.
Governments were quiet but firm on
dealings Of $4,000.
FOREIGN STOCK MARKETS.
New York. Sept S0-Evening Posts
financial cablegram:
Todays stock markets illustrated
yesterdays description dn these dis
OF the position. They opened
dull, but the bears early took alarm
because Of the better political eitua-
ton and the prospects OF easier money.
The result was an immediate rush UP OF
prices, consols jumping in a few min
utes per cent, to 1101l per cent The
other markets fell but the close was Q
little under the best Mines were bet
ter. There is scarcely any demand here
for gold. The extra in today's market
was accompanied by purchases Of bills
here by the continent. Americans, after
a period OF dulness. became good and
closed firm The London Times has a
leading editorial on the forthcoming
election I'm the United States and views
the possibilities with more pessimism
than any circumstances would seem to
warrant. The leader had no effect what
ever on the stock excange.
London, Sept. 30.-Consols for money
l097s; consols for the account, 11oh; Ca
madam Pacific, 60; Erie, 14%; Erie flrsts.
preferred, SO; Mexican ordinary. 2o1f:
Reading, 10; Mexican Central new tours,
ssA; bar silver. 80 5-1sd per ounce; mon
ey, 2kG2Z. The rate of discount in the
open market for short and three months
bills, pa per cent
LOANS AND CLEARINGS.
New York, Sept 3o.-Money on call,
frmer, 4d5 per cent; last loan par
cent, closed offered 4 per cent: prime
paper 6iz07 per cent; sterling
exchange firm with actual business In
bankers bills at S4S4lzQA for demond,
and S4.S2QH for sixty days Posted rates
ASSAY and s4S5Q1z. Commercial bile
a. S0x. Government bonds firm
New York, Sept 30.-Clearngs $780, |
VA 673; balances s6.0S9, III.
Boston, Mass, Sept Chickering's $14,- |
I25s, 73s; balances 81, 357. 69e.
Chicago, H.. Sept 30.-s12. 4s5. $40; bal |
ances 9S6.742. Money steady. on call s
az per cent: on time Z per cent. New |
York exchange so cents discount For |
ign exchange: Demand, S4.S4zs; sixty |
lays. S4S2.
st Louis. Mo-. Sept 3o-Clear.ngs S. |
AZ. 800; balances $323, ISL Money steady. |
,GS per cent for call and 79s per cent |
'or time loans New York exchange l
4 q diScOtrn. hid 4 ~ discount asked