The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-11-04

New York, Nov. S-Heavy prices and q
duH market were the conditions Of the
stock exchange during the greater part of
the day, but in the later dealings a more
active liquidation set in and trading be-
came more animated than at any time pre-
Tiously, prices falling to the lowest of the
oay and remaining there practically till
the close. The low point represented net
declines running all the way from a point
TO e per cent, the latter In sugar A great
many prominent stocks lost over . points
on Inc day, several of the grangers and
the coa!ers being conspicuous in the list
The prices for American securities quoted
in the London market at the time Of the
opening showed sharp declines and the
later reports showed that the results of the
elections yesterday had aroused considera-
be unfavorable sentiment amongst gecur-
aty holders abroad This market took its
cue from London and the opening showed
declines rather In excess of some Of those
reported from abroad There was some
buying in this market at the lower level
for London account but this probably rep
resented arbitrage operations TO cover
sales made in London early in the day.
II had the effect, however of steadying
Consolidated Gas, and gains of 2A per
cent in Mania titan and of the same amount
In Metropolitan Street Railway also served
TO check any declining tendency. These
gains were accompanied by rumors that
the properties affected were assured of i'm
munity from hurtful measures as result
OF yesterdays local election in New York.
mat the gains were manipulated was
shown by fact that they were wiped out
during the day In the case of the two last
named, and Consolidated Gas reacted 81.
per cent Sugar was center of weakness
all day and il developed that this was due
TO prevalent rumor of the illness of an
ofhcer of the company, which was used
with good effect by the bears The stock
feIl successfully SIS points. closing at the
lowest The coalers were all very dull.
especially IN the latter part Of the day
and the net losses ranged all the way
from : to nearly points, the latter IN
New Jersey Central Northwest Omaha.
81 Pau and Burlington also lost over 2 !
points on the day. The special weakness (
In the coalers was caused by statements
OF the continued unfavorable condition of |
the coal trade. The trading was largely |
confined TO the professional element who |
are bears for the time being, anw who
urged that yesterdays elections indicate
q growth of sentiment in favor of restric-
tons on capital and corpora tons. The
later decline in the market dislodged some
stop-loss orders but the fact that total
sales OF the day were about 1900 shares
SHOWS mat the hquidations were not heavy,
BUSINESS In railroad bonds was not large.
KANSAS Pacific consols fell Il. per cent.
Total sales were s., 10000
United States As Of 1907 and As of 1925
were each advanced Is per cent bid. New
tours registered and coupon, I273s; fours
registered, 11S; coupon. ia; seconds, 9sIs;
lives registered and coupon 114Z. Pacific
skies of 49, 102-.
FOREIGN STOCK MARKET
New York, Nov. 5.-The Evening Posts
London financial cablegram says:
The stock markets today were utterly
stagnant and featureiess. There was n
slight disposition to realize Americans
above the New York parity, but the at
Tempt was too feeble to have any effect.
The future of the market awaits the New
York loan.
Money is a trihe more plentiful, be-
'ause the banks are discounting more free
y All loans due TO the Bank of England
oday were pad. l learn. however, that
ne bank Is again borrowing on consols.
nus indicating a continuance of the re-
-ent policy.
The Paris bourse was quiet and the
6erlin market was dull
\ slight trouble IN banking circles in
Berlin is rumored. but I believe that 1t
; nothing serious"
LOANS AND ECHANGE.
New York, Nov. 3-Money on call EASY
II l12Q2 per cent; last loan per cent;
,.osed offered at per cent. rrjr,1e r7ercan- |
lie paper, 334d4z per cent Sterling ex-
mango firm with actual business in bank
rs bills at ASIk for demand. ard ar
4s2i5G4S2% for 60 days; posted rates. |
4S5Q4Sl2 and S4S6d4S61z: commercial
ills, ASl$.. Silver certificates, 5765slkc;
'ar silver, 561ic; Mexican dollars, Ss4c.
GRAIN AND PRODUCE MARKETS,