The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-11-19
BEATEN BY HOLDERS
REAOTI0NIsTS FIND THE oPPO-
sIrION VERY STUBBORN.

There is Plenty OF Be.rish News, Too. Such
| as 1t is, But the Sold Out Bulls aud Pro-
| fessionai Bears Need More Than They
| Can Get to Aid Them-In the Lite Deal
| Ciothes-Close Ia Strong at Unimporsant
| Net Changes - Bonds Dull - London
| Lifeiess.
New York, Nov. 1s.-The general i'm
preston in speculative circles tot ~ was
that the reactiorists had been dafea ted.
4 variety of influences seemed to favor
| their position, inclldiag ne leSseEed cut?
! side interests, the ST. Paul earnings for
the second week il Nove5ner, showing
d decrease in gross sof s2l4,Jo0: the APP
| prehension of renewed rate disturbances
in the south as a res lit IF the failure Of
the Ryan syndicate to secure conIrol of
the Seaboard AIT line, and continued mod
crate selling Of our securities for foreign
| account. AS a matter Of fact, however,
| the sold-out bulls and professional bears
| failed 10 create more than a temporary
diversion, owing 20 The stubb orn actitude
OF the holders ana owners Of stocks. The
market opened active and lower, with the
high-priced specialties bebaring the
| brunt of the attacks. Sugar was ham,
mered in connection with reductions in
the price OF the foreign and domestic
grades OF the product and reported un-
satisfactory trade conditions. Manhat-
tan sagsed in the absence CT INSIDE sup
port. The action Of the Metropo iitan
Traction interests in issuing Few stock
. nd - 81 z.i-1c
pearel to unfavorably affect the first
mentioned transportation stock. The
market soon lapsed into dulness and
some slight recoveries were noted, due
TO supporting orders ard covering by the
shorts. Around l o'clock an attack on
Tennessee Coal forced that specially
down "a per cent and exerted a sympa-
thetic depressing influence on the other
stocks, but the market as whole lack
ed feature and spirit and business was
meagre. In the late dealings Metropoli-
tan Traction jumped 3 per cent, 10 III
per cent, but later reacted to liz 1-2 per
cent. The general list also exhibited
strength, particularly Manhattan and
Sugar, which Improved 5-S per cent and
Ia per cent respectively from the early
low level. American Spirits perferred.
Tennessee Coal and Chicago Gas were in
r
cific Mail failed to reflect the dividend
declaration. the distribution of per cent,
the first in many years, having evidently
been discounted. The closing was very
strong at unimportant net changes either
way
The total sales Of stocks today were
215,340 shares, including the following:
American Sugar, 33.700; Burlington ana
Quincy. 10000: Chicago Gas, $500; Louis
vile and Nashville, 1900: Manhattan.s,-
5c0; Pacific Mall 5000; Beading $500;
Rock Island, $500; ST. Paul, 1900; Ten
nessee Coal and Iron, 1,400; Southern
Railroad, $500; Southern Railroad pre-
ferred, 400.
Railway bonds were dull and a share
lower in most instances. The sales were
$1,3J5, 900.
Governments displayed a broadening
tendency on purchases Of 100000.
FOREIGN STOCK MARKETS.
New York, Nov. 1S-Tha Evening
Posts London financial cabiegram says:
.'All the stock markets were lifeless AMI
depressed today. Mines were fiat. The
special settlement in mining shares men
toned yesterday will be finished tomor-
row. Two jobbers had to close their
accounts today, but the matter has been
arranged so that proba bly, no failure will
be announced tomorrow. The other de-
pressing factor is the dearer money mar
ket. The market discount rate is IS
per cent, and there is talk of rise in the
bank rate tomorrow but no change Is
really proba ole The reason for the rise
in money is that London seems more like
ly to lose gold yet to many quarters, with
no sign Of any influx. The Indian coun>
Gil only sold ten lakhs of drafts today.
L. L.
wanting money and viii very likely is
sue a sterling loan before long. The
Paris bourse was dull but closed better |
on the Use in Spanish stocks. The Ber-
lin market was dull
London, Nov. 1S.-COnsolS for money |
110 lie: for the account 10 3-16; Cana |
dian Pacific 80 Ga: Erie 16 rs; Erie |
frsls preferred 3S IA; Illinois Central as |
IA Mexican ordinary 81: st. Paul COM |
mon IS rs; New York Central 9S IA; 1
So IA; Reading Is IL; |
Me xican Central new tours 20; bar silver !
29d per ounce: money SAB 1-2 per cent; |
The rate OF discount in the open market |
for short bills and eight months bills is |
3 ga Der cent. Gold is quoted al Buenos /
Ayres today at 1880; Madrid 1925; Lis /
bon a; Rome 10S.10. Amount Of bullion |
Withdrawn from the Bank of England |
on balance today $1,000 pounds.
Paris, Nov. 1S.-Thre per cent rentes |
i02 francs 90 1-2 centines for the ac-
count. Exchange on London % francs "a
Ia confines for checks.
Berlin. Nov. 1S.-EXchange on London |
eight days sight fl20 marks 81 pfennigs |
LOANS AND EXCHANGE
New York. Nov. 1S.-Noney on call |
Las per cent; last loan per cent:
closed liz per cent; prime mercantile
paper SAT per cent; sterling exchange
firmer with aetna, business in bankers
bills at s4S5at.S5 IA for demand and |
i4S1 1-2a3-4 for 60 days. Posted rates
si.S2 1-2ai.S3 1-2 and siS6a4S7. Cam
msrcial bills $3.50 1-2: bar silver 65; silver
certificates 65a65 IA.
BANK CLEARINGS.
New York-Bank clearings $780, $50;
balances $6.2s1.6So.
Boston-Clearings s1s,SS6,s SIS: balances
3, 6cS. 203
gadelphia-Clearings 81, 90, 197. bal
ances s1.6lS,5S9
Baltlmore-CIearings s2.75s,653; balan-
,es $685. $50.
s.. Louis. Mo-, Nov. 1s.-clearings. si,-
IS5,4lS: balances. s6l3,723. Money eGS
Der cent; New York exchange 20 cents
premium bid; Leo premium asked.
GRAIN AND PRODUCE MARIE