The Wichita daily eagle., 1897-10-27
STOCKS AND BONDS
UNION PACIFIC REMAINS THE
CENTER OF INTEREST.

Quotation For This Stoch-Uncertainty
Attaches tn the Kansas Pscific's Status
and Some Feverishness Resuits-General
Tone of the Market Strong and q aims
Are Registered-Bonds Firm.
New York, Oct. 2s.-Trading in stocks
during the early Part Of the day was re-
stricted in volume and the fluctuations in
prices were narrow and irregular. The
latter part Of the day saw quite an in
crease in activity and a rise OF prices 10
the highest Of the day, the declines before
the close being small. Union Pacific con-
tinued to be the center OF interest in the
market, and ruled above yesterdays close
all day, and closed this afternoon at near
the best and 214 per cent above last nights
close. The opening gain was due largely
TO sympathy with London, which sent
higher quotation for the stock. The belief
gained ground as the day advanced that
the government and the reorganization
committee would come 10 an agreement
on the basis Of the committees expressed
intention to bid the full amount of the
government claim on the main line. The
claim OF over s13,O00,O0O on the Kansas Pa
cifc unprovided for and the rumors that
increased bids might be made by other
interests which would provide for this
Indebtedness, caused some feverishness in
the speculation al times, as the accep-
tance Of such a BID by the government
would endanger the whole plan of reorgan-
ization, in spite of the assertion of the com
mittee that they were prepared 10 carry
1t out even II the government should bid
in the Union Pacific. But late in the day
reports from Washington assumed quite
definite form that the cabinet had resolved
10 accept the committees intended BID
as a minimum guarantee and withdraw
their request for postponement of fore
closure sale of the main line. A fall of
81 per cent in the price of the Kansas
Pacific consois trust receipts was the fore
cast of the news received later from Wash
ington that the committees agreement
with the government included an assent
to postponement of the Kansas Pacific
sale, presumably with a view to giving
the government an opportunity to secure a
BID on this property that would provide
for a part Of the whole Of its claim. As
the chances of a separate bid on the Kan
sas Pacific are considered remote, the pr-
ces of the consol skies fell AZ per cent,
and closed at % per cent. Trading in Tn
ion Pacific absorbed over a quarter of the
total sales OF all stocks. Outside of the
grangers, Sugar, Chicago Gas and Bay
State Gas, business was of very small
proportion. The tone of the market was
strong. however, and material recovieries
from yesterdays declines were made. av-
eraging about point in the grangers, and
~ laa
weak. A decline IN rates for call money
ard some very favorable statements of
railroad earnings for the third week In
October assisted the recovery. There were
purchases for London adccount of some
of the favorite international stocks Incl
dent to the settlement day on the London
exchange. This served TO keep up the
price of Louisville In spite of the con-
tinued decrease in its earnings on account
of yellow fever quarantine. Cincinnati
Chicago and ST. Louis was active. Michi-
gan Central was conspicuous for an ad-
vance of 2a4 per cent. The better tone
for Americans in London was taken as
rejecting decline of apprehension over
the Spanish relations with the United
States.
The total sales of stocks today were 246,-
700 shares.
BONDS.
Dealings in railroad bonds were not
large. but the tone was firm, with the ex-
cept.ons of the Kansas Pacific bonds above
noted. Total sales were S1.15O,OO0.
United States new fours were advanced
Is per cent b:d- New Fours. registered.
127, coupon. 12S; fours, 11214; coupon, 11S24
twos. ss; fives. registered. 11i1k; coupon,
1io$4; Pacific skies of '9S, 1.O27s.
FOREIGN STOCK MARKETS.
New York, Oct. 26.-The Evening Posts
London financial cablegram says:
The stock markets opened dull, but
closed firm. Americans were quite a dol
lar above the lowest, with a good tone.
Money was dear al the settlement, because
OF the general rise in interest. but the ac-
count was really quite moderate. CONTAIN
goes on American stocks were about 81
per cent, though tenders at one time tried
10 exact more. In spite OF the dearness
of money and a possible rise in the Bank
of England discount rate. this week. the
outlook for the markets is not altogether
unfavorable
The Paris and Berlin markets were
dull
LOANS AND EXCHANGE.
New York, Oct. S.-Money on call easier
at 1I9G2 per cent; last ioan, per cent;
closed 1i5G2 per cent; prime mercantile
paper. 4q41z per cent. Sterling exchange.
steady. with actual business IN bankers
bills al A.s5za+ss for demand. and a;
sis2s.G4S for sixty days; posted rates.
S4 SSl2G4. .S4i5; commercial bills. As2: Silver
certificates, 57gSS; bar silver, 5Sc; Mexican
dollars. 4S@.c.
GRAIN AND PRODUCE MARKETS.