The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1897-10-28
Stocks ana no,a.

|
drr;. " nork' yet. 26.-Trading in stocks
s.a ling the early part of the day was ra-
suicted In volume, and the fuctuotior
~ prices was narrow and irregular rho
ia'.ef part of the day was more ,ctiro
t anu a rise of prices to the highest of
c ohe uay was noted, the decline before tbo
final p t small. Union Pacific con-
marIa+ " ne tle center of interest in the
an day and closed this afternoon ot T rosr
rie pest and 2 IA points above last
nights close. The opening gain w ,"es
u uIG largely to sympathy with London
M, MICH i sent higher quotation for stock
~ mu peieI gained ground as the day adj
oancea mat the government and the re-
olsahlzatlon committee would come to
an agreement on the basis of the commit,
zee expressed intention to bid the ful
amount n OF the governments claim on the
iine. NE fact that this bid leaves the
governments claim of over $4,000, 600
on tle Kansas Pacific unprovided for
a a the rumorS that increased bids might
provide for this Indebtedness cansad
some feverishness in the speculation ot
tiilhes, as the acceptance of such n hid nv
tne government would endanger the
whole plan of reorganization in spite of
the assertion of the company that they
were prepared TO carry it out even If
the government should bid in the Kan
sas Pacific: But late in the day reports
from Washington assumed quite n def
nltc form that the cabinet had resolved
10 accept, the committees intended bid
rs u minimum guarantee and withdraw
tiieir request for postponement of fore
closure sale of the main line. A fall
or y - points in the price of the Kansas
Pacific consols Gs, trust receipts. was The
forecast of the news received later from
Washington that the committees agree
ment with the government included an
assent TO .postponement of the Kansas
racine sale, presumably with view ia
giving the government an opportunity to
secure bid on this property that would
provide for Il part or the whole of its
| clam. AS the chances of separate
bid on the Kansas Pacific are considered
| remote the price of the consol Ga rallied
| + per cent and closed at 90. Trading in
| mon racine absorbed over one-fourtl
or the total sales of all stock. Besides
the Changers, Sugar, Chicago Gas and
Bay State Gas. business was of very
small proportions. The tone of the
market was strong, however, and mate
rial recoyeries from yesterdays declines
were made, averaging about a point il
the Changers. A decline in rates fol-
call money and some very favorable
statements of railroad earnings for the
third week in October assisted the re-
covery. There were purchases for Lon
don account of some favOrite interna
| tional stocks incident to the settlement
day on the London Exchange. Thie
served to keep up the price of Louisville
i in Of thn -.
earnings on account of yellow fever quar-
antine. Pittsburg. Cincinnati Chicago
and st. Louis was active and strong ant
rose at one time per cent but reacte,
slightly. Michigan Central was con
| spicuous for an advance of 2 81.
| Dealings in railroad bonds was no
large, but the tone was firm. with tn
exception of Kansas Pacific, above noted
Total sales. $1.150,000.