The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-09-30
THEY CHANGE FRONT
MAEIPULAT0Rs GET ON THE OTHER
SIDE OF THE MARKET.

Movement Owing 10 = Slight Discrep-
ancy Betwsen the Reg aiatiss Bears and
the Mere Sensitive Element Among the
Operasers-UpwardT Tendency Continues
Until Near the Close. Advances Showing
. Poist. Net, Above Low Points.
New York. Sept 29.-Today's stock
market read beween the lines. Indicated
a change in the character of the specl-
lation. Operators who had figured
prominently in the original bull move
ment, decided at the close of last week
that reaction IN prices was impending
and sold out their holdings. Shorts be-
gan Saturday to bring about a decline
and created a new short interest and
were continued today In the early deal
nss. The manipulators discovered.
however, that stocks were not easily
dslodged and promptly reversed their
positions. The regulation bears, how
ever, were not as sensitive to the gen.
eral temper and put out quite line of
new shorts. The result was an irreg-
ular movement of prices. The market
was fairly active and the distribution of
the transactions was better than for
some time past. The opening was low
er under the infiuence of realizations
and offerings for the foreign account.
The change OF front on the part of Lon
don dealers was not generally known
here until the last hour of business,
when it transpired that political ru-
morS had unsettled the European
bourses. The Changers and specialties
displayed the greatest heaviness. The
reactionary movement was facilitated
by a hrmer market for foreign ex-
change. actual rates for long and short
bills diverging further from the natural
gold import point. This condition was
the logical outcome Of the easier mar
ket for commercial paper, which IN
creased the demand for exchange The
October remittance requirements are
also case in point, while the advances
in the prices of wheat and cotton re-
strict the movement of commercial bills.
me low level induced heavy purchases
lor 'Doth accounts, a material increase
IN commission house buying being
noted. The low-priced shares were in
especiai favor and large blocks of Read
ing changed hands at substantial ed-
Vances. The other coalers improved
sympathetacally. The publication of
the Burlington statement gave a decid-
ed impetus to the general upward move
MELT. as the exhibit was decidedly less
olscoura sfng than had been expected
The activity subsided to a considerable
extent IN the afternoon dealings. hut
the upward tendency was stin in evil
oence- The high-priced stocks were in
good demand. The advance from The
low point averaged per cent, or there
aoouts, IN the principal shares, with a
partial reaction at the close. The mar
ket left of steady.
The total sales OF stocks TODAY were
49, IA shares, including: American To-
oacce l1,lo0; Atchison 4,500; American
sugar $500; Burlington $4,000; Louis
SLne and Nashville 13.i00; Manhattan
o,oo. Reading 1900; Rock Island 200:
St Paul $500: Tennessee Coal and
Iron 3,40o; Southern preferred 1900.
The bond market displayed agrees
I've strength ON investment and specv,.
lanve dealings, with the greater activ-
ity in the Reading issues. The sales
were 81 ,667, 900.
Governments ruled firm ON dealings of
$75. 600. "a
Silver certificates were a shade. hipr-
er at 66A per cent ON dealings of sf1 900
FOREIGN STOCK MARKETS.
New York, Sept 2e.-The Evening
Posts London financial cablezrarn:
The Stock markets were fat todav
and little business was done Two
small failures were announced on the
stock exchange, due TO the recent
severe fall in prices. Consols dropped
TO 1O9b on unfounded political rl,mor,s
but closed at 1881. The monthly settle
ment IN consols has begun and con-
tangoes as high as 2k per cent are re-
ported, the bank borrowing on c,oososs
so as to harden fine money market. THIS
be confirmed and scarcely be- |
iievc it. Americans wer dull, but the |
close was much better on New York |
prices and cable advices that half a mil
lion sterling in gold was on the way
from Australia Mines were especially |
fat on adverse news from Mashona- |
land Shares were practically unsala- |
BILE.
The continental exchanges are droop- |
ing, Berlin exchange going today rath- /
er heavily against London. The Paris |
oourse was fiat on the approach OF the |
settlement and the failure TO under |
write the new Spanish 7oan In London.
Paris being heavily committed IN Span |
ish stocks. The Berlin market was
steady"
THE AUSTRALIAN SHIPMENT.
Washington, Sept. e2-The director of
the mint mas received a telegram from /
the san Francisco mint stating that |
about "a. o0o. $50 in gold was expected to
arrive there from Australia a week
from next Friday. Information also
comes from London that the Bank OF
England expects to lose 10 the United
States s., oVo, 600 before the end OF the
week. Both Of these shipments are ex-
Dected ultimately 70 reach the treasury. !,
which, together with the amount al
-eady 10 sight, would bring the gold re-
serve approximately TO 3l35. 0oo. 900.
LOANS. BONDS AND CLEARINGS.
New York. Sept 2s.-Nooa: Money
IN cail steady at per cent: prime mer-
saIfttle paper, 7Gs per cent; sterling eI-
,hange. firm with actual business n
,anke-v bills at 4s4i4 d4Sis for de-
rand, and s4S114dz for sixty days:
'ilver certificates sales. 1000 az esi4;
,ar silver, 65S cents: MEXICAN dollars,
Oh: government bonds firm: new fours
'egistered and coupon 117Is; fves reg
stored and coupon. 1i1is: tours register
q, 107iz: coupon. 1851: tros registered.
g; Pacific sizes Of 's7, 1904.
Philadelphia, Ssyt 2s-Elearings So
81. 400: balances s. .2s4, e74
Baltimore. Sept s.-Clee-i1gs s2.z7i.-
81: balances s45l .ss4
St LOUIS. No, Sept 2a-yez-i,gs 81
27.014: balances t335 .5ss- Money steady:
all loans sGs Per cent: time loans 73s