The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-09-16
STOCKS AND BONDS
SHARES IRREGULAR BUT AVERAGE
OF VALUES HIGHER.

vau6erbilts Q Center of strength on Earn
inEs Reports, and Score Advances
Lengthy List of Leading Shares Which
Score Gains. Sustaining the Market Ad-
| mirably WelI-New Hsh.lte Prices
For the Year In st. Paul and Burlington
| List of Conspicuous Exceptions Iu-
| Guides Missouri Pacific and Atchison.
| New York, Sept. 15.-To1ay's market
| was extremely irregular, but the aver
| age level of prices was lifted as re-
strength shown was very aggressive in
spots but many Of the shares recently in
| the active market, moved scarcely at all
| The Vanderbilts were again centre OF
| strength on the reports Of large in
| creases in earnings and most of them
advanced point or more in the days
trading New York Central was heav-
| lily dealt in and advanced 1 ga per cent
on the estimated increase in the surplus
for the current quarter Of s612,s57 and
| in the reported increase in the gross
earnings for the first week in September
Of 100000. Northwest and Omaha also
continued their concurrent advance on
| the benefits 10 accure from the pros
pective increase in Omaha's dividend,
| the extreme rise in each exceeding per
cent during the day, with reaction on
| profit-taking. Lake Shore also was
taken in hand by the bull element during
| the final hour Of trading and rushed up
| Is per cent, apparently for erect IN
sustaining the balance Of the market.
| The same element was instrumental IN
| hosting the price of Pennsylvania,
| which has only been listed for short
| time on the New York exchange, 31S
per cent. the subsequent reaction being
about 1-2 per cent. A slump or points
| in Consolidated Gas, even though 1t was
on a limited volume OF transactions, was
also a sensational feature in the marx
CT. The recent speculation which was
conferred in Union Pacific caused the ad-
vance in that stock and benefited the
price 10 the extent Of over point. KAN
sas and Texas preferred also continued
to manifest the strength which mas char-
acterizei Il in the recent speculation'
and advanced over point. Reports cir
culated OF large increases in earnings
turned attention 70 General Electric and
the stock rose at one time nearly two
points. These clemens of strength could
not but serve to sustain the market and
the advance Of s. Paul and Burlington
to New High record prices for the year
were additional factors. But neVertne-
less there were conspicuous exceptions
TO the strength Of the market, such
stocks as Missouri Pacific, Atchison pre-
farred. Northern Pacific preferred,
louisville. Southern preferred, Chicago,
Cleveland. Cincinnati and st. Louis, ana
Chesapeake and Ohio tagging quite heaV-
ily in the advance, and In some cases
closing below yesterday. A NUMBER OF
the industrials were conspicuously weak,
including Sugar preferred, Leather pre-
ferred. Illinois Steel, Tennessee Coal ana
Bsy State Gas. Sugar common, which
sold ex-dividended today. lost all Of its
early gain before the close. The coalers
were somewhat heavy during the day,
but improved slightly before the close,
apparently in sympathy with the lively
advance in Ontario and Western and
S. and w preferred. The latter jump
ed 5 IL points and reacted. Chicago
Gas and Laclede Gas were quite strong,
the former advancing nearly 3 points
and the latter points, but both showing
a subsequent reaction.
Less was heard today OF the prospect
OF immediate imports of gold, the eX-
change market showing a steady tone,
though very dull, and no further hard
ening of the rate for money in rhe local
market being perceptible. Exchange is
! still fully a cent above the gold import
point, but il seems evident that any
material rise in money rates here would
be met by gold imports and consequent
" a check to the advance.
One OF the features Of the day In Wall
street was the sales of Standard Oil
liquidation Of certificates on the curb at
35l IA per cent, which is - per cent
advance over the previous price.
The total sales OF stocks today were
gu 200 shares
BONDS.
There was considerable decrease in the
volume of bond dealings but prices gen.
!
United States bonds were Is per cent
! lower bid New tours regular and cou-
pom 125 ga; fives regular and coupon.
ia IA; fours regular Ill IS, coupon 11S
IL; twos regular IS; Pacific skies Of '9S
| 102.
THE BELL DIVIDEND.
Boston, Sept. 15.-The directors OF the
American Bell Telephone company to-
| day declared the regular quarterly divi-
dend of per cent The dividend is pay
able October Is, 10 stockholders Of rec
ord September so. The dividend OF 3
per cent makes 10 1-2 per cent so far de-
| ciared this year.
| FOREIGN STOCK MARKETS
New York, Sept. 15.-The Evening
| Posts London financial cablegram says:
The stock settlement has been salts
| factorily concluied and the business IN
| the stock market today was quiet, ex-
| cept in American rails and in Grand
| Trunk. which has risen sharply on the
/ New York lead. a feature tonight is
! the rise in Union Pacific to nearly "a
! per cent.
| The condition OF exchange on New
| York attracts attention. but the best in
| formed still look for no gold movement
| TO New York until next month
II have some reason 70 believe cnat