The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-11-17
STOCKS AND BONDS
ACTIVITY Is IN sPURTB, DUE TO
MANIPULATION.
Notably Manifest In Consolidated Gas,
Points at q Time-Weakness In Other
Gas Stocks as Weil-Sugsr Leads in
Activity and Strength-Other Indus
trials Rise Sharpiy-Opening Decline in
Sympathy With Londou-M arket Mar.
row In All Respects

New York, Nov. 1.-THE only spurts OF
activity in the stock market today were
due to man:pulative maneuve-s on the part
of professional traders. They were notably
manifest in Consolidated Gas, which jump
ed up and down the price scale a point
at a time all day. but always at level
believe last nights price. The decline ex-
tended to ~ points at one time. but oov-
ering az the close left the stocks net loss
stock and OF other local gas stocks is due
to fears Of failure OF plans alleged TO
have been in contemplation for the anal
gamation of the local gas companies, 9TH
ers being weak in sympathy with Consoli-
dated Gas Sugar continued to lead the
market in point Of activity and its strength
during the day helped the general strength
of the market. 1t rose at one time .
points, but reaction due 10 realizing sales
on a short turn left :ts net gain fractional.
Others of the industrial stocks, notably
the Cotton stock, Tobacco and Leather
preferred rose sharply on traders pur-
chases, but for the most part, however.
was firm in the face of the dizziness, prices
continuing above yesterdays level all day.
except small decline just at the opening.
This decline was in sympathy with the
heaviness of American securities in the
London market. London was also a seller
in this market of American stocks. The
strength of the railroad Use generally was
due TO the continued good outlook for bus
mess, the grain movement having been
reported by some western roads. Manhat
tan was heavy all day and at no time did
it rise above yesterdays level The Rub
Ger stocks were also somewhat depressed.
There was no news bearing on either of
these properties The heavy tone in Oma-
ma, one of the grangers, was equally with
out explanation. Northwest, the parent
stock, gained point net, as also did Rock
Island. The market was exceedingly mar
row both in the volume of the dealings
and in the movement OF prices. Except
in a few cases, prices show fractional net
gains on the day.
The total sales OF stocks today were 1885,
800 shares.
The bond market was fairly active and
showed improvement for the most part.
Total sales were s1,110.OO0.
United States fours coupon, and the
fives, coupon, are Is per cent lower. New
fours, registered. and coupon, 1874; fours
1127s; coupon. 11S24; twos, eSik; fives. regis
tered, and coupon, Ii5s; Pacific skies of
'9S, 1O2ss.
AMERICANS IN LONDON.
London, Nov 16-The market for Amer
team securities was weak al the opening
but stead.er at the close. Bears tested
the market early in sales, but retired, find
ing very little long stocks dislodged. The
tone was steady and the demand moderate.
LOANS AND EXCHANGE.
New York Nov. 16.-Money on call nom
inal at 1iaG2 Per cent Prime mercantile
paper, 3l=G4 per cent: sterling exchange,
steady, with actual business in bankers
bills at s4.sj1RdLS5s for demand and at
si.S55sq4S524 for sixty days; posted rates,
81. S3lzG4S615; commercial bills, A.S2; silver
certificates, 5sl4Q59. Bar silver. 5S%; Mex
can dollars, As.
GOLD IMPORT RUMORS.
New York. Nov. 1.-THE fact was cabled
from London today that the report was
current in that city that $4,000 pounds
sterling in gold was to be shipped to New
York by tomorrows Liverpool steamer,
but that the report could not be verified.
None of the big foreign banking and ex-
change houses in this city had any advices,
they sad, in response to inquiries, of any
such shipment of gold to them from Eu-
rope, and all said they did not believe the
report