The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-10-30

Some of the Speculative Enerey-Trad-
Ing Restricted IN Volume Eut the Mar
ket Strong. Prices Only Once Swinging
Below Thursday Nights Leyel-Ex-
change Steady and Money Easy
New York. Oct 2s-The stock market
was apethetic and almost stagnant to-
day, brokers and operators apparently
being taken up with politics and the
complications precipitated into the ap-
preaching local contest by the days
events. The recent and continued
strength in the wheat market has alco
tended TO divert some share OF specula-
tive activity into that channel Though
trading was restricted in volume, the
market wss quite strong throughout and
only once during the day did prices gag
shade below last nights level. Sugar
gave some evidence OF weakness and it
was the decline OF nearly points in
this speciality which weakened the gen.
eral list. Consolidated Gas was also
weak and lost points on the day. 9th
erwise there was no stock which mani
tested special weakness and Sugar re-
covered before the close. The grangers
We're strong on the Burlington state
ment for September, showing an In
crease for gross earnings OF nearly ST.
100000, and an increase in the surplus
after charges OF nearly $4,000. Re
ports were current also OF continued
49,
month. Nevertheless Omaha led the
grangers with a gain over a point. The
southwestern stocks and some OF the
southerns were quite strong on the be-
lief that the yellow fever outbreak would
soon be ended by frost. A number OF
these stocks snow net gains Of a point.
The coalers recovered during the day
all the losses which they suffered yes
terday, their net gains running between
one and two points, and in the case OF
Lackawanna extending to potts.
Union Pacific rallied somewhat from its
recent losses. the buying being en-
couragsd by Londons example and by a
rumor that a large snort interest had |
been created in London in connection |
with plans for an opposition syndicate !
to be at the moreclosure sale. London |
was a buyer OF various other stocks also !
in this market. The exchange market /
neld about steady at the recent decline /
and the money market continued easy, |
although with lenders inclined 10 hold |
back, pending the completion OF the ar /
engagements for the payment Of the gov
arnmen;'s claim on the Union Pacific,
and OF its returned obligations on ma
turing bonds. The total sales today OF
all stocks were only about rs, 900 shares.
which is a lower figure than has been
shown tor many months. Sugar. Bur-
irgton. ST. Paul ard Union Pacific al
sor5sd considerably over a half Of this
total.
BONDS.
The feature Of the bond market was
ne sharp decline in Kansas Pacific con-
'ols. which sold al SO per cent. a de-
,rease Of 1-2 per cent. The Union Pa
life skies OF '96 trust receipts also lost
IL per cent. Total sales. s1.6l5.0o0.
United States new tours, coupon, Were
advanced IA per cent bid. New fours
egiste-ed 127, coupon 12S; tours regis
cred 112 "a. coupon 113 81; seconds
2; fives registered ia IA, coupon rs 10;
Pacific SKIES OF '9S. 102 3-s.
FOREIGN STOCK MARKETS.
New York, Oct. 29.-The Evening
'ost's London financial csblegram says:
The stock markets were idle and IL
eguldr today. ConsolS were again bet
er on the belief that the worst Of the
stringency is over for the mo-
nent. The Americans opened dull. rail-
ed sharply on Henry Georges death.
ut closed dull on New York prices.
Srazils were very fat
1T is impossible 70 say whether gold
rill leave here in connection with the
Taion Pacific sale. Well informed per-
Ons think not.
The London Times alludes to pos
ible immense Indian loan. but I gather
nat such may not come mis- year,
honey being perhaps raised meantime
n Indian treasury bills.
The Paris and Berlin market. were
I'LL. Both bourses are unsatisfactory.
nd feeling the effects OF desrer money
here ere weak spots al both places. !
hlch are feared. though probably moth :
lg really important will happen"
London. Oct. 29.-Consols for money !
4 1916 per cent: for the account IL rs ;
sr cent. {
LOANS AND EXCHANGE. 9
New York, Oct. 29.-Money on cal I
esy at 1-2G2 per cent: last loan per :
mt; closed per cent; prime mercantile :
,per 8 3-4f4 1-2 per cent. Sterling ex- 4
,arge steady with actual business in y
mixers bills az 1-I74.s5 3-s for
,mand. and at A.s I-sd4.S2 3-s for so =
iys; posted rates s4.Sa4. SO IL and y
S6df. Sc IL: commercial bills sislT $
81 1-2. Silver certificates IS "a cents: :,
y silver SO "a cents: Mexican dollars
IL cents.
THE WEEK REVIEWED. ,,
New York. Oct. 2s.-Brsdstreet's -e- r
ew o: the stock market tomorrow will | h
:: q
Waiting conditions have prevailed IN =.
? stock market this week The pub n
Is not inclined 10 purchase speculative II
curities a. present and the larger IN e
'ssts are inactive. Apart from special
Jveulents in ce-sain stocks. Union Pa
ic being the most notable example OF n
=. the fluctuations have been narrow =
! the tone o: the market heavy under &
assure brough, 20 bear on i by pro- a.
'Si0nsl traders. The election. the =
non Pacific developments AMI the - -
al o: the Cuban scarce. based on the
,eip.s q SPANS answer % our sAcsnt \,
have al done duty as s.
ic1a-sgs ments AMI causes for dep-es- a.
n T6sre las been some further iiqul-
ton BY tired speculative Solders. with a.
lslde-2b,e Intermittent short selling
the JTsiers. t1e readiness OF TIE la
c-sss - cover to- small profits re- -
ting II good deal of iE7eg1lsflty in "
. m0vsnsnt q pics.