The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-10-14

ence In the OuArHCtef OF Tue NeWs--
| Bears Make Further Successful Raid.
But Disappear In the Later Trading ano
| Steady Hardening OF Prices Ensue,.
the Level Being Carried Well Abov.
Tuesdays C.ose-Ciose 10 at One to Five
( Points Above.
New York, Oct. 13-Today's stock
market almost reversed the course trav-
| ersed in yesterdays market, without any
change IN the character OF the general
outlook ot the news. TIE bears made a
| further very successful raid during the
| day and found numerous weak spocs,
| the decline in some stocks uncoverins
further s:op-loss orders and spread the
! Generalization through the list. Blu. the
aggressive mood OF the bears disappear
ed during the afternoon and the latter
Of prices which carried the level Of the
market quite materially above las;
nights elise. The days range Of prices
was very wide. net declines at one time
running from l 70 3 points, the latter in
Sugar, which was very active and erratic
a.! day. As the recovery LET prices from
l 10 points above last nights close. the
fluctuations for the day are seen 10 be
very wide. The liquidation during The
decline was very heavy and the volume
OF trading on the rise showed a marked
elimination. The operators for the
reaction seemed ID be satisfied with the
= \
clases 10 cover Short contracts were in
strumantal in effecting the recovery
But there were also evidences o. some
buying Tor long account. Very firm re-
sisiance was encountered in some OF the
stocks which had shown greatest weak
ness. This was markedly true OF Cnica-
go Gas. in which inside buying was very
large and very prominent. This stock
during the day went AS low as last
nights close, but the final sale showed
net gain Of 4 5-S per cent, showing yes
terday's heavy decline more than recov-
cred. Sugar was the object OF special at
tack by the bears after an opening gain
Of a point and was forced down at one
time over points. but recovered 70
about last nights level. The movement;
in sympathy with that in those special
ties. The stocks OF southern southwest
ern railroads showed less resiliency than
those Of the general list. owing 70 the de-
creased earnings disclosed by late state
men;s as a result Of interruptions from
yellow fever quarantine.
There were reports during the day that
further gold engagements would be an
nounced towards the end OF the week
but none are known TO have been made
up 20 this time. The actual rates for
sterling exchange showed a decline OF
II cent from last nights close. foreshai-
owing a further gold movement. Other
wise there was nothing in the news OF
the day 70 change the general situa ton
and the striking movement Of prices can
only be ascribed 10 purely technical
causes. Net gains are near point in
many prominent railroad shares and ex-
tended to 2 points in Omaha and Della
ware and Hudson and II per cent in
Northern Pacific preferred.
The total sales OF stocks today were
57S, 800 shares.
BONDS.
Bonds showed weakness in the early
trading but recovered sharply in sympa-
thy with stocks. Total sales were $780,
900.
Government bonds were firm and I'M
changed. New tours registered 126 IS,
coupon 127: tours registered 112 3-S, cor-
pom 113 3-S; ,wos registered IS Is; fives
registered and coupon 115 3-S; Pacific |
SKIES " SO, 1O2 IA
SECURITIES LISTED.
New York, Oct. 13.-The governors OF !
the Stock exchange met today and ap-
proved the listing OF the appended Sc
curities:
Northern Pacific Railroad company. |
81 ,cS6Oe0 additional prior lien railway |
and land grant per cent gold coupon |
bonds.
Union Pacific, Denver and Gulf Rail- |
way company. s9.245000 Central Trust |
company certificates OF deposit for con-
soiidated first mortgage per cent bonds !
and SIC. 291. 7o0 certificates OF deposit for /
capital stock.
s.. Louis and San Francisco Railroad /
company. s1,73s. 600 common stock repre- |
sen-ed by the voting OF trustees certif- |
Gates.
Brunswick company Reorganization !
company. s3.se7.200 Kuickerbocker 1
T-usi company certificates OF deposit 0:
frs, instaliment paid.
Kansas City Gas company, $3.50. zoo
first mortgage ) per cent gold bonds OF
1922
ST. Louis Terminal Cupples Station
ana Property company. s2.coO.0co first
mortgage 41-2 per cent fiye-twenty year
god bonds OF 1917.
FOREIGN STOCK MARKETS
Mex York. Oct 15.-The Evening
Posts London financial csblegram says:
The stock markets were idle today.
except West Australian mines, which
we're good. The only feature was the
sla-p slump in Americans, almost en-
tl-ely on New York selling. oo;h there
and here. Al present it * supposed ina;
the taI * due 20 forced sales by buckle:
shops IN New York and y the cables con-
firm this view there Is a disposition 20
-e-purchase az the presen: level; bu; ne
market il denoralzei fo- the moment.
and closed weak
Opinions as . the rise n tie Bank %
England discount rate tomorrow are
evenly divided. A rise % 3 per cent
would scarcely affect The market New
York * sill bidding Coz ba- god IN ne
open market
The Paris ani Berlin markets were
dull"
LOANS AND EXCHANGE.
Nrx YORK o. I2-NOcn- Money or