The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-10-09
RUNS In STREAKS
STOCK MARKET ALTERNATELY
ANIMATED AND DULL.

Speculation Less Professional-FurtherE En-
sagements In London Of Gold for Inn
port the Chief News Item Bearing ON
vaIues-Market Opens ss Ii Closed We'd
nesday-sugar Cuts the Largest Indi-
the BiEh-Priced IndustriaIs - Close
Strong At Fractional Net Gains.
New York, Oct s--The stock market
today moved irreguiaray. both in point
OF activity and prices. The volume OF
business was fairly extensive, but per-
iods Of ezairfstion were followed by IN
teryals of intense duIlness. The speci-
ia-ion was no less professional than
heretofore. dealings by outsiders on
margin being discoura ged by the large
commission houses and Handicapped by
the firnler tendency OF money rates
There was no news OF special import
ance bearing generally upon values
aside from the further moderate en-
gagement Of goGd in London for ship
men1 to this country. The market
opened weak and bower under a resump-
ton OF the heavy selling movement
that marked the close on Wednesday.
Sugar was the special point Of attack
IN the early dealings. and It's course re
Elected manipulation by operators OF the
first class, WHO, yeSter.Ry ard today,
endeavored to emphasize in the stock
market the reported impending local
competition 20 the American company
and the declining tendency Of domestic
and foreign grades OF the product The
early cables this morning reported de
moralized condition OF the foreign su-
gar market, based upon the advent OF
the duh season, and heavy sales OF su-
gar stock were made sn anticipation os
a reported proba bic further sharp re
duction in domestic sugars. but no ac-
ton was taken in that direction. The
extreme declines was Z per cent, the
stock touching 1855 per cent. the low
est point reached III many months. The
general list also suffered sympat hetical-
ly, although the bosses were not as ma
terial- Manhattan and Leather prefer
red were the next greatest sufferers.
At the low points, covering OF shorts
impaired SteadineSs to prices, and on
rumors OF arrangements making for the
import of a round amount OF gold, sub
stantial rallies in prices occurred The
high-priced industrials reflected clearly
manipulation. The advances from the
low level extended to 2A per cent in
Manhattan and Tobacco. In the move
ment Sugar recovered practically all Of
the early decline, but eventually eased
off point from the highest OF the day.
The close was strong at fractional de-
clines, a late favorable influence beng
a weaker market for foreign exchange.
Final prices recorded fractional net
gains generally.
The total sales OF stocks today were
23S. sol shares. Including: American To
bacco $500; Atchfson $500: American
Sugar 60 700: Burlington q. 700; Chicago
Gas $500; Louisville and Nashville 1900;
Reading 1880: Rock Island 800; St.
Paul 81, 800; Tennessee Coal and Iron
$500.
Railway bonds were duh and frregu-
lar on a narrow movement The inter
national issues were the most largely
traded IN An upward trend was noted
ct the close The sales were ss07, 900.
Governments were dull but slightly
lower on sales OF $500.
FOREIGN STOCKS AND MONEY.
New York. Oct S.-Evening Posts
financial cablegram from London says:
Unsettled stock markets were the
was made to bolster up Kaffirs, and for
a little time the Efforts were successful;
but In the afternoon uquidations were
again in force and a very depressed
feeling was abroad. It would seem al
most impossible TO get over the settle
me.nt without q number OF defaults, as
assistance IS being regularly refused
Americans opened more or less f2s and
closed without recovery. Consols were
duh on the gold effiux. 100, 900 pounds in
easies being Withdrawn for America
and 49, coo pounds for Egypt AT the
last moment I hear 100000 pounds in
gold is being SHIPPED direct from France
10 America At Paris the market was
fat in connection with sales of Spanish
stocks The Berlin market was COM
paratively steady"
London, Dot s-Gold IS quoted at
Buenos Ayres today at 179; at Madrid
1925: Lisbon 81; Rome LOG. 72is- Bar ST.
yer sod per ounce. Money 1d1k per
cent. The rate OF discount IN the open
market for both short and three months
bills is per cent. Amount OF bullion
withdrawn from the Bank of England
today 10000 pounds, including 100000
pounds in American eagles Bullion 10
the amount of 10, 900 was deposited The
Bank OF EngIand's rate OF discount re-
mains unchanged at 3 per cent
Paris, Oct S.-Three per cent renteS
IG francs SO cent:nes for the account;
exchange on London . francs 16la CIR
times for checks.
Berlin. Oct s-Exchange on London
eight days sight 20 marks 351z pfsnnigs |
LOANS AND EXCHANGE
New York, Oct. s.-Money on call |
easy at 3Gs per cent; last loan per
can't: closed offered at per cent; prime |
mercantile paper 7Gs per cent SteT-
ling exchange heavy with actual bust |
ness IN bankers bills at 81 s34 asa for !
demand and s4.s2 for 50 days. Posted |
rates s4se1zG4 S3ls and As5a4ss: COM
mercial bills s4so1i. Bar silver e45s. !
Silver certificates 65i5.
BANK CI.EARINGS.
Phfiadelphia, Oct. s.-Cearilgs $50
ass: balances s1.1s5.524.
Baltimore, Oct. s.-C!earing5 2.eo5,- I
$50: balances s2s ,3s5.
Chicago, Oct s.-CF-arngs sl3. s75.572 |
Money firm: on cal at s97 per cent; OF /
time z pr cent New York exchange /
81 % discount Foreign exchange: De-
r11aad 81 s35s: SIXTY days s4-aA- The l
banks vail be cluSed tomorrow, Chicago /
Day, bot provision WI be made a. each
FOR the payment Of maturing paper.
GOLD RESERVE
Washington. Oct s-Today's STATE
mert OF the condition oC the treasury
shows: Ava[l2.ole cash balance s3l1,-
81. eis; god reserve & =. 0is, ST.
The WEATHER