The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-09-18

| recent TACTICS Bill LmpioYoo 1uougu TN
Booming Is Not Confined to One Pro
perry, Hut shifts Nearly Round the Cir
cIe-Demand For the Coaisrs ID TIT
Feature of the Dsy-New Jersey Cen
trail Crosses the Par Line-YsIiow Fevel
Scare Eases Up-History of Recent Ad
vance Movements.
| New York, Sept 17.-Today's market
was strong and the average level Of
prices was considerably raised as re-
suit Of the days trading. II was notice
able fact, however, that the greatest ac-
tivity was confined TO spots The gains
also were spasmodic in character, and i:
could not be said that there was any 81
multaneous advance through the whole
list. During the periods while an indi-
vidual stock or group of stocks was be-
ing advanced the general list showed a
disposition 10 fail into neglect and to
halt the advance. It must be said, how
ever, that the spasms Of activity today
went the round OF pretty much the whole
market. The grangers. the Vanderbilts
and the southwesterns, all OF which have
recently been checked on realizing Gales.
invited by previous sharp gains, show
ed reooveries today. The most conspicu-
Gus feature of the market, however, was
the lively demand for the ccalers. New
Jersey Central was carried up an ex-
IRENE ga per cent, to 101 3-4 per cent,
crossing par for the first time since Feb
ruary Of this year. The decline which
preceded the reduction OF the dividend,
dated from that time and eliminated on
May "a, when the stock touched IS IA
per cent. Il was one Of the last stocks
10 feel the impulse Of the recovery Of
prices. The Reading stocks all advanc-
ed a point or over during the day but fell
back sharply just at the close. Lacka-
wanna rose 2 IA per cent, and Delaware
and Hudson ga per cent. There was
some stirring up Of the dead cats and
dogs on the list also, and some sharp ad-
vances were recorded in stocks so low in
price that II is only a little way 10 dou-
bic. The southern railroads seemed 20
have the incubus Of the yellow fever
scare lifted, and Louisville, Southern
over point The increase
in gross earnings Of Missouri Pacific OF
S192, 900 FOR the second week in Septem-
Der turned attention to the southwest
ems and Missouri Pacific, Atchison pre-
ferred and Wabash preferred all gained
a point or over net The solution OF the
trouble Of the soft coal industry, which
is being worked out, was reflected in
sharp advances in Toledo and Ohio Cen
trail and Hooking Valley preferred. Union
Pacific was another conspicuous figure
in the trading. being heavily bought by
London and closing with gain of near
ly 2 points. Manhattan, which sold to-
day ex-dividend of 1 per cent. recovered
the dividend and another point besides.
The grangers were less active than OF
late, but manifested strength, Chicago
Great Western leading. In the industrial
list the Spirit stocks, which hive ad- |
vanced less than others in the current |
movement, showed sharp gains, the pre- |
erred rising a point. The other leading |
ndustrials, including Sugar, Tobacco, |
Leather preferred, Lead and Rubber, |
showed a heavy tone and closed a. small |
let changes, except Tobacco, which lost |
,ver point. Western Union gained over |
l point, and the common stock of Pitts
,urg, Cincinnati, Chicago and ST. Louis |
,ver points.
The exchange market was weak and
iull, especially that for continental ex-
,hange, and it is evident that any mater
vin result in prompt imports OF gold.
)ther gains in price today were Buffalo.
Rochester and Pittsburg, per cent, pre-
erred 4 3-S per cent; Evansville and
Terre Haute common and preferred ,
'oints each; Lackawanna and Western,
IL per cent; preferred 2; Minnesota
ron, Union Pacific, Denver and Gulf,
nd Baltimore and Ohio Southwestern
a point each; Flint and Pierre
farquette preferred lost . IA per cent:
owa Central preferred - per cent and
and Lake Erie preferred one
ONT.
The total sales Of stocks today were
81 $50 shares.
BONDS.
Today's market for railroad bonds was
.ss active and only steady. Total sales
ere $1,000. 900.
United States coupons sold at ia 3-4 :
er cent New tours registered and cou-
on, 125 II: fives, registered, III Ia; cou- .
on. ia; fours registered Ill rs: coupon
g -; tWos registered 9S: Pacific SKIES
; IS. 102
FOREIGN STOCK MARKETS. '
New York. Sept. 17.-Th, Evening :
osts London financial cablegrarn says: I
The stock markets were better here ,
day. as operations are returning from s
eir holidays and the autumn season is
Americans opened uncertain y
1 New York prices but soon rallied. r
id when it was found that New York :,
as buying again prices bounded up .
Inc close. Louisville and Nashville,
hich touched 56 IL per cent this morn :,
s. closed at 81 per cent bid.
There are indications of an easier
oney market a [ the moment. Two and
le-half million pounds has to be paid
the Indian government tomorrow for i
easury bills recently sold. Until today Z
was thought that this amount might u
!. locked up a. the Bank OF England q
r time. but il is now known that the il
eater part will be -e-let 70 the market Z
It'll next month.
The hes. informed people Still con.ii- 81
that gold shipments will be first :;
,de 10 New York from Paris. bu, in n
tries show that no such shipments
We yet been arranged. l an told. fur q,
or. that large amount OF gold is go II