The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-09-08
STOCKS AND BONDS
BEARS AGAIN TAKE A BAND IN
THE SHARE MARKET.

There are Heavy Realizing Sales and the
Yellow Fever Scare to Interfere With
the Bulls Plan, Which 10 the Same a.
for Many DAYS Past, Northern Pacific
Being Put Up as the Boom Property,
Behind Which to Take Profts-Lon-
don's Craving for Americans Assists the
Bulls-The L T. dia Council Drafts.
New York, Sept. THE bear party
was better defined and more aggressive
in today's market than it has been for
several weeks, and they got the ascend
ant for time over the large bull con-
tingent. The desire of some of the very
heavy opera tors in the bull party to
realize profits was Itself a source OF
weakness. But the bears made most
capital out Of the yellow fever outbreak
in Mississippi. The stocks Of roads
WINCH traverse the region infected, nota-
bly, louisville and Nashville, were most
keeniy affected. Louisville and NASH
vile declined at one time points below
Saturdays close an dother southern
whole market going off in sympathy
with the weight Of heavy realizing sales.
These incidents somewhat interfered
with the plan Of operations Of the bulls,
which was not essentially different from
that pursued each day last week. The
stock selected today for putting up n
order to sustain the rest Of the market
was Northern Pacific. This stock has
not shared in the recent improvement IN
prices, owing TO the poor showing Of the
earnings made in the weekly and month
~ reports Of the company. But the ap-
parent weakness in caring power of the
company was disregarded today, and the
price Of the preferred stock was raised
by manipulation 4 points and that of the
common stock was to be pushed UP dur
ing the day. This policy was pursued
also today, with the effect Of stimulat-
ing speculation in the stock named and
aiding the bulls plan. They were also
assisted today by a livelier speculative
interest in London than has been mani
tested since the present rise in stocks.
Prices were higher in London before the
change here and buying for London ac-
count was quite prominent factor dur
ing the day. London bought about 40, 900
shares.
The orders which had accumulated in
commission house offices over the double
holiday were more effective in the OPEN
ing, helping to rush up prices. The
heavy sales to realize, however, and the
yellow fever sentiment soon put a stop
10 the upward movement, and the mar
ket was depressed for most of the bal |
ance Of the day below Saturdays close |
the decline from the opening high point |
exceeding a point in many prominent |
shares, Cincinnati, Cleveland, Chicago |
and st. Louis, and the grangers, brought |
the market back to above Saturdays |
level of prices, stocks which remained /
below being exceptional. Sugar moved |
in an erratic manner all day over a
range of 2 1-2 per cent, showing strength |
for the most part The preferred stock |
rose . "a per cent. The Industrial stocks
generally ere somewhat neglected.
Stocks which show sharp losses are the
,Qalers Except Reading), Flint and
oere Marquette, Great Northern prefer
ed, Minneapolis and 81. Paul second
preferred, Mobile and Ohio. St. Joseph
md Grand Island second preferred, Bay
State Gas, Linseed Oil, Starch and 9TH
RS to a fractional extent. Consolidated
ias gained points and Hooking Valley
5 ga per cent.
THE DAYS SALES.
The total sales of stocks today were
36, 663 shares, including: Atchison pre-
erred 1860; Baltimore and Ohio 3,775;
chicago, Burlington and Quincy 3O,520;
Cleveland, Chicago and ST.
4ouis 6,3S5; Denver and Rio Grande pre-
erred 5.735; Louisville and Nashville 25,-
20; Missouri Pacific 1855; Missouri,
Kansas and Texas preferred 4,S00; New
FORK Central $3.50: Northern Pacific 3D.
20, preferred 72.050; Northwest 800;
Reading SO, 425; Rock Island 10000; ST.
PAUL 1920; St. Paul and Omaha 4,4S0;
southern Railway 800; Union Pacific
80; L. P. D. and G.. 300; Wabash s.
90, preferred 5000; Wheeling and Lake
,rie 400; American Tobacco 1920; Bay
tate Gas 19, go; Chicago Gas 1920; Con-
olidated Gas 4,o60; General Electric g.
80; Pacific Mail $500; Sugar 90 600. pre-
erred 6,S07; 7. c. and l. $500; Western
Tnion $500; Chicago Great Western
100
Railway bonds were less active and |
asier, Northern Pacific issues showing
trength and activity. Total sales S.
ID, 900.
bonds were strong. new As
$ per cent higher.
FOREIGN STOCK MARKETS.
New York, Sept. THE Evening
G,. toll
There was no business in the stock
larkets today except in Americans
hese had a dull opening, consequent {
pom relizations, but picked up in the
'tsrnoon and changed hands at a ma
rial advance on last nights figures.
with the receipt of New York cables, {
owever, the market took a downward
I'm and all the earlier gains were lost,
I'd prices in most cases left off under
closing.
There was a little rally in the street,
ii it was entirely due TO operations for
ew York account, the public here still
afusing 10 take an active part in the
aaiings.
The India government has got its re-
ittances and on favorable terms. Gold 3
lports in connection with the operation
e out OF the question, as the rate Of
l-chase will not allow them. Il Is very {
Jubtful under the circumstances wheth-
the Bank % England rate VIII go up &
/ Thursday. J
The Paris bourse opened firm and I
osed dull. while the Berlin market was :
III throughout. L
London, Sept. THE invitation OF the j
dia council for tenders OF drafts for c
lie crore of rupees (nominally about So