The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-09-29

ton Any More-TheIr Most Vigorous
Attack Made on the CoaIers-Deciine In
the Face Of Bu.lish Conditions
New York, Sept. 2s.-Today's market
for stocks Was aslonishingly dull at times
and the total volume OF transactions as
low as that OF yesterday, and was small
numbering only $4,000 shares. 1t be-
came evident that yesterdays dullness
could no; be ascribed 10 the Jewish new
year holiday. II is in fact obvious that
the large buying interests which have
been SO powerful factor in the recent
bull movement have retired from the
field for a time and the orders through
commission houses, the medium through
which the public at large operates, have
shown corresponding falling off.
The recent conspicuous bulls seemed to
acquiesce and offered little opposition 10
the bears Practically all OF the profess
sional room traders have turned bears.
and their selling is called short selling.
The most vigorous attack today was di-
rected against the coalers On the asser-
ton that the anthracite companies have
been exceeding ne allotted output. and
that there was no increase in demand
that made any advance in the price of
coal likely. Some Of The prominent in
dustrials and the grangers were also un-
der pressure. Whatever spurts OF activ-
ity were shown during the day were on a
downward course of prices and any
steadying Of ths market or recovery
brought intense dullness, indicating
the weak undertone. Conditions, never
theless. all continued favorable as point
ing to a further increase in real values
OF property. Railway earnings all con-
Inued 70 show improvement London
SEN, higher prices at the opening and
bly, to meet the settlement which was in
progress there. The development OF in
terest in the money situation was hard
ening tendency OF domestic exchange on
New York al some western centers, indi-
eating some relaxation OF the drain on
money reserve. Local money rates have
continued firm and foreign exchange
steady. The net losses on the day ex-
tend from fraction UP 10 two points.
the high-prlced industrials. the coalers
and the gransers especially Omaha and
Rock Island. being the mos. conspicuous
sufferers.
Bonds moved in sympathy with stocks.
Total sales We're only $1.5O0,00o.
FOREIGN STOCK MARKET.
New York, Sept. ZS.-The Evening
Posts London financial cablegram says:
The Stock markets were quiet today.
attention being confined 10 the arrange
men; OF the account az the settlement. but
the one was better than for some time
past, and the markets looking generally
healthier.
"Centangoes on Americans were 3i2d4
per cent. The account was no. especial
~ large The tone was good and there
was a disposition 10 deal for the new &C.
count, bu, the New York selling tonight
depressed and discouraged the operators
and prices closed weak.
The Paris bourse was dull The &C
ton OF the government in regard TO sill
Yer is closely watched there. The Berlin
market was steady"
LOANS AND EXCHANGE.
New York. Sep; 2s-Money on call
steady at 1903 per cent last loan pc.
cent; closed 1893 per cent; prime ner-
camille paper. 1-2q5 per cent. Sterling
exchange steady. with actual business in
bankers bills At s4S5G4.S5 IA fo- de-
mand and az sI4S2 S-4G4S to- sixty
days: posted rates s+.SS l-2Gi.s4 and
81 s6ef4S6 -: commercial bills S4.s1 IL.
Silver certificates 541-2G56 L. cents: bar
silver 81 II cents.