The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-10-12
STOCKS AND BONDS
BEARS EMPLOY STRATEGY IN
THEIR CAMPAIGNING.


Bear Bayins, the Result Of the Days
Operations BEING That Net Changes
Arc Very Narrow In Nearly All C.ses-
Little Evidence Appears of AIRY Gsa-
erai Interest In the Msrket-List of the
More Important Gains aud LOSES
Americans Dull in London
New York, Oct. 1.-THE bear CAM
paign On me stock exchange today finds
its prototype in that Of the illustrious
French monarch who led his army Up
the I'LL and then led them down; only.
the anterior maueuve- on the part Of
the stock market bears was that OF pre-
tended retreat. In their acute apprs-
tensions over me prospective decline in
prices they sold numerous stocks which
they did not possess and induced some
few other persons 10 sell their holdings.
Bu; the large par, OF the selling proved
20 be confined 10 tle professional reac-
tiouistS. TIE failure 10 induce any large
liquidation. AMI the news Of widespread
rains in the west. breaking the long
continued drouth. aimOnished the bears
70 secure stocks with which 20 fl selling
contracts they had made. Their buying
ID cover carried the market back over
about tae same course il had followed 50
that the net changes are very narrow in
almost all cases. This was true even OF
Chicago Gas, which ranged over more
han points in very erratic manner,
and on large tTansa ctions Il was true
also % Consolidated Gas, which cook one
its characteristic fumoles OF 4 points.
and then recovered. The marked de-
clines Of the morning in the southwest
en- stocks, particularly the grangers,
were also recovered, rising above Sat-
urday's Level. Statements OF railroad
earnings for the first week in October
received during the day showed contin-
ued improvements. Actual rates for
sterling exchange fell again to si.s4 IA
for demand, and - s4.s2 IA for sixty
days. This is said 10 be al the gold i'm
port point. in spite OF the fact tina: The.
Bank Of England today advanced rs
price for American eagles 20 76s 1-2d,
against 16s s I'D al the time las weeks
engagements were imported. Rates for
time money continued e1ey, and there
WAS good demand for commercial paper,
which was also in good supply. Not
withstanding the cessation of the bear
attack on the market and the subsidence
of the apprehensions that have recently
beset some Of the traders, the buying
was as much confined 10 the bear e!e-
ment as the selling had been, and there
was little indication OF any resumption
o. widespread and affecting interest in
the market. 0msha's net gain exceeded
a point, and losses OF a point or over
were shown by Cooion Oil, Chesapeake
and Ohio. Colorado Fuel, Illinois Steel,
Consolidated Gas, Pullman and Oregon,
Navigation; 3 points in Rio Grande
Western preferred; IA per cent in Iowa
Central preferred, and per cent in Ore
son Navigation preferred.
The total sales of stocks today were
$50, 500 shares.
BONDS.
Bonds were rather dull, but generally
improved before the Close. Sales were
81. 600.0 900
United States old fours were Is per
cent higher old. and the, new tours sold
a 126 rs per cenr, the high record. New
fours registered 126 IS, coupon 126 rs:
tours registered 1l2 3-S, coupon 113 3-S;
twos 9S L.: fivee registered and coupon
115 3-s: Pacific skies Of 'ss, 102 Ia
FOREIGN STOCK MARKETS.
New York, Oct. 1.-THE Evening
Posts London financial cablgram says:
The rise IN tie German bank discount
rate from 20 per cent, is regarded as
indicating the prooa bili;y Of rise in
the Bank Of England rate on Thursday,
and the markets consequently were dun
and heavy today. The market generally,
however. does not know OF the bank.
action in raising the price OF gold. whica
might affac: the question Of the rate on
Thurs iay-no: that 1 am indicating that
a change will not be made.
Americans were the duilest market, in
sympathy with the New York tone, and
assisted by the maturing OF large options
here.
The settlement in mines shows a large
account in West Australians. Large capt.
talists are employing money in that mar
ket which is booming. Kaffirs were
rather good. but closed uneer the best
The Paris bourse was dull and the Ber-
lin market was unsettled by the change
IL the bank rate"
LOANS AND EXCHANGE.
New York, Oct. u.-Money on call steady
az 212G2s4 per7s cent; last loan. per cent:
closed at per cent. Prime mercantile pa
per. i4dS per cent. Sterling exchange,
easer. with actual business in bankers
bills at Sisf. G4Sfs for demand. and al
81. 81. So for 30 days: posted rates. s4S3
Gi-s3ic, ard HSiz: commercial bills. slsl
Silver certificates 5795Ta; bar silver, SIC;