The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-10-08
STOCKS AND BONDS
CHICAGO Oasis ABOUT ALL THERE
Is TO STOCKS.

Movements In Properties Outside the Con-
soIidat; on Cause . Swift slump. Sales
Footing Up TO the Hundred Thousand
Mark-Market Closes With Net Changes
Marrow, Generally, and About Evened
Up Between Gains and Losses-An-
nouncement of q Million Dollars In Gold
For Import Does Not Create a Ripple
New York, Oct THE sum and sub
stance OF today's market may be COM
pr.ssd in the words Chicago Gas" The
announcement that the compG dies outside
OF the consolidation had been sold 10
syndicate representing Interests powerful.
ia gas in many other large cites, caused
a slump az the opening Of the stock mar
ket OF over 3 points within the first few
minutes OF trading. a block OF s.0oo shares
was the initial sale. at prices ranging from
IS 10 So per cent, and the first OF these
was the highest price OF the day. The
stock sold a. one time as low as SIS per
cent, the pressure OF long stock being aug
mented by vigorous efforts OF the bears.
Large blocks Of the stock were sold short
design Of effect,ng a sympathetic decline
of the general market. The total sales were
over 10000 shares. This purpose was only
partly successful and before the termina-
ton of the rst hour the shorts were COW
ering hastily and prices OF many stocks,
the higner-priced industrials being consp!c-
uous, rose a point or over. The market de-
clined again under renewed pressure on
Chicago Gas, and for the balance OF the
day fell into a condition OF almost total
apathy. The available offerings Of stocks
a. the low level were apparently exhausted
but it was equally apparent that buyers
were not ready 10 bid up prices 10 point
that would invite sales in any quantity
The announcement that 81 0O0.0D0 more OF
gold had been engaged for import 10 New
York was without apparent effort either
on the stock market, the money market,
or the exchange market. London was
buyer 10 a small extent on balance. Net
changes are very narrow IN almost all cases
and are distributed between gains and
losses Consolidated Gas and Laclede Gas
lost ~ per cent and Is. per cent respect
lively. in sympathy with the weakness In
Chicago Cos, and New York, Chicago and
81. Louis second preferred declined 81 per
cent. Tobacco rose over a point as did
Pittsburg Chicago and Cincinnati and 81.
Louis and Metropolitan Traction gained
point.
The total sales Of stocks today were sIo.
coo shares.
The changes in the prices Of bonds were
slight and the volume OF dealings was
small. Total sales, $4,000.
United States new fours were advanced
!. per cent bid, and the YES rose Is per
cent bid. New fours. registered. 1865;
coupon. 12sEs; fours. 1l2ls; coupon. llS.;
twos, IS; yes. registered. and coupon, HISS;
Pacific s.xes of rs. 1929.
FOREIGN STOCK MARKETS.
New York. Oct. THE Evening Posts
London nancial cablegram says:
There stock markets here were irregular
and inactive today. the only firm markets
being Kafirs and West Australians. the
former on cables stating a legal opinion
which indicates the possibility of cancel
ing the dynamite monopoly, and on ru-
mors of important discoveries OF gold an
Matebeleland.
Americans kept over the parity. al
though dull. New York prices were better
than yesterday, and the close was firm
on reports of the shipment of 10000 pounds
in gold to New York. Henry Georges nom
inaton has less effect here than in New
York. being onset by the gold movement
The best Informed operators. however. look
for an uncertain market for while.
General securities closed dun on the
exports OF gold to New York and 10 Egypt
and on the weakness Of the bank return.
The trade returns for September are I'M
satisfactory, there being a heavy falling of
against the export Of linen and cotton
goods 10 the United States. Details OF
the gold movement for the week show the
export OF 10000 pounds TO New York. OF
10000 pounds 10 Egypt. and $4,000 pounds
to South America.
'SThe Paris bOurse was I'm, being elated
by the Rio Tinto dividend. The Berlin mar
ket was steady Money Is easier there az
ter the end of the quarter
LOANS AND EXCHANGE.
New York. Oct. Money on call steady
at 2Q3 per cent; last loan 2iz per cent;
closed 29gle per cent: prime mercantile
paper fzG5 per cent. Sterling exchange
dull and steady, with actual business IN
bankers bills at s4sia. for demand and A;
s. 81. 4s2Ia for sixty days: posted rates
s. l2d4.s31a and ASG<S So: commercial
bills S4S. Silver certificates. JQ57 cents;
bar silver. IS cents; Mexican dollars. i5l9c
GOLD FOR IMPORT
London, Oct, THE sum OF 10000
pounds In American agles was Withdrawn
from the Bank OF England today for
shipment TO the United States. II IS FOR the
Bank OF British North America, and goes
or the Lain.
New York. Oct. 7-Kuhn, Loebe & Co.
have engaged 10000 IN gold FOR lrnpOT;
by the steamer Normannia. which sailed
from Hamburg today. The gold vas En-
gagged in London.
Heidelbach. Ickeihelner & Co. VII also
have 5000 In god OF ne NoTnanais,
making l.. 90 90 in AL coming in on that
ship.
TREASURY STATEMENT.
Washington. Oct. 7-Totay's statement
OF the condition OF the treasury shows
Available cash balance, :2lZZs.il. gold re-
serve, sl4s. ~. So.