The Wichita daily eagle., 1896-10-29
NOT DONE FALLING
SHARE VALUES CONTINUE TOWARD
A LOWER LEVEL

Eject Of Tuesdays Scoop Yet Apparent In
m au-Pervadine Nerveusness-RaIliez
are Few and Of Brief Daratioa-rradins
Purely Professional - The Monetary
StFinGeaey ID the Governing Inaaenee-
Call Loans Touch le Per Cent, With the
Bulk ss to 8 Per Cent-Prices Settle to
the Low Points At the Close.
New York. Oct. 2S.-The volume Of
business in stocks today was only abou,
oae-haH as large as on Tuesday, and the
market displayed nervousness through
out. rejecting the after effect OF yes1er-
days scoop" Tie trend Of prices was
and short-lived rallies intervening. The
trading was purely professional anw the
governing influence consisted of pro-
nounced monetary stringenc. Call loans
touched II per cent and although per
cent rate was subsequently established.
the bulk OF the loans were at res per
cent. The rallies were almos. in every
instance attributable TO covering % short
contracts The severest declines were
made in the forenoon operations and
apathy characterized the afternoon ses-
sion, although prices settled back 70 the
lowest points at the close. The early
extreme losses extended TO per cent in
Sugar. in the industrial, and 10 3-S per
cent in the railroads, with Burlington.
Rock Island and Manhattan the chief
sufferers In the late trading Consoli-
dated Gas was conspicuous by a break
of 21z per cent. while. on the other hand.
New eJrsey Central advanced per cent.
Although the market was sluggish, the
limited business was fairly well distribuc
Cd There was practically no news hav-
ing a general bearing upon prices. Su-
gar made slight recover from the low-
set on an advance of = per cent by the
American Sugar Refining company in
all grades OF refined sugars. succeeding
an equal advance earlier in the day in
domestic raw grades. The bears ad-
vanced the theory of a probable protrac.-
ed delay IN the efforts to facilitate the
payment OF a dividend on Chicago Gas
and depressed the price of the stock Is
per cent, which was the exact loss that
lad been scored on the previous day
and was bound 20 reflect manipulation
by powerful interests. In the last hour
the general market was helped slightly
sympathetically by the rally In wheat
but fell again on renewed reaiizations
and bear Influences.
The total sales OF stock today were 49,
es1 shares. including: American Sugar,
$1,000; Burlington. 1850; Chicago Gas,
1880; Louisville and Nashville, 5000;
Manhattan. $500: Reading. 1s490; 81.
Paul. 1889; Western Union, $500; silver
certificates. 5000.
Bond prices saSged slightly on limited
offerings. The sales were $500. 900.
Governments were active and general
ly firm on transactions OF ss. 600.
Silver certificates were fairly steady or
dealings OF $4,000.
FOREIGN STOCK MARKETS.
New York. Oct. 2s.-Even;ng Posts
London financial cabiegram:
The stock markets were dull today,
but exceptions for Kafirs. which were
fiat on a renewed forced closing Of ac-
counts here and in Paris. the tone was
not absolutely bad. Al the same time
1t looks Is IL business were coming 10
standstill until after the United States
election. The stock exchange Will be
closed on Monday. Americans were dun
and closed weak. A feature Of todays
money market is that small applications
have been made 70 the Bank OF England
for loans that the bank declines 10 lend
except at higher rates than the oficial
quotations OF 4 per cent. This made a
impression on the market
and il is believed to indicate the banks
desire TO be in an exceptionally strong
condition next week for whatever hap
pense- The Paris bourse was fiat and
the Berlin markets were quiet"
London, Oct. 2S.-Consols for money.
1n5S.; for the account, 1os%: Canadian
Pacific. 5ss.: Erie, 147s: Erie firsts. pre-
ferred, 341z; Illinois Central. 80; Mexican
ordinary. 81: St Paul. common. 73a;
New York Central. ssia; Pennsylvania,
"a; Reading. 1875; Mexican Central. usy
fours. So: bar silver. 2s;s per ounce; mon
ey, 2i.G3 per cent; the rate Of discount in
the open market for short and three
months bills. 81 per cent. Gold Is quot.
ed at Buenos Ayres today at 1s0s0: a.
Madrid, 1s. q; at Lisbon, 34A; a. Rome.
1866.
Paris. Oct es@Three per cent ren.es
l0lf I5c for the account; exchange on
London. 25f PIC for checks.
Berlin, Oct, 2s.-Exchange on London |
eight days sight, 20 marks 35 pfennigs.
LOANS AND EXCHANGE.
New York. Oct 2s-Money on call, |
stringent At SG12 per cent; last loan. |
per cent: cl6sed $40 per cent. Prime |
paper noninaily. 1Ii6 per !
cent. Sterling exchange. steady with ac-
tuai business in bankers bills at 81 s4iz1 |
i.s454 for demand. and s4.S0i4 64s1i1 for |
s.xty days. Posted ratss S4S244 s2Il |
and SASSY. Commercial bills Hso3s. |
Bar silver e4x. Silver certificates TS7s q /
;5is.
BANK CLEARINGS.
New York. Oct 2s.-Clesrings, s7.s34.- |
80: balances. .4.s05. .i21.
Boston. Aass. Oct. 1s.-Ciearings, Sf4,-
2s. SIS; balances. si.452. .02o-
Philadelphia, Pa. Oct 2s-C7PaEngs.
g .sz7.7772: balances. r.sso.57o.
Baltimore. Nd. Oct. N.-C7ea-ings.
z 81, 20: balances. s3s4. o.
Chicago, II. Oct. 5.-Clearsrgs. sf4.-
,4s.4s4 Money firm az Der cent for
AL and tine loans. Nsg York exchange
o cents discount, Fore,gn exchange
iteads: demand s4s4s.: sixty days. s4si
( ka4s
81. L0us.. 10, Oct es.-Clsar!urs. ss.-
IA SIS: balances. s2ss .fss. Money cas- Per
.snt: New York exchange. 81 Is ciscoun.
Id: IS cents discount asked
Memphis. Tenn, Oct .s.-C7ea-ings,
53s, ia
New Orleans. La, Oct ss-CTearfags.
1 - "a
Washington. Oct 2s-Tse trzsu-y 10
.sy lost ss5s. 30 II gold COZ. aa1 1890
\ ha-z which leaves The true azaoua.
z the god reserve slfs. ~ 50
COFFEE AND SGGAR Markets