The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-10-13

LATEST LoNpoN QUOTATIONS.
Atchison, q ap..... l5 Norfolk 4 W pr. n. 46
Canadian Pacific. S4iaI Northern Pacific pr. 5d@
Chesapeak 4 Ohio. 23 Ontario 4 west..... 17ia
Erie con. ap.. 1e1 lPennsylrania. ..... 6ela
Erie LIST pf......... AN Reading. LIST q p.... Is
illinois Central. 49,. g st Paul ........... 9Sa
Kansas 4 Texas. l61e South Railway. IL
Lake Shore ........l7e south Railway pr. "a
Louisville 4 Nash. 6oa Union Pacific. ...... 23Ss
New York Central. ll3 wabash pf......... o
TUESDAY. Oct. IL.
The professional operators and room traders
who covered their shorts yesterday and went
short Of the market in expectation Of q rally
were disappointed this morning that the i'm
provement In the prices at the close yesterday did
not induce effective buying by others than them
selves. Tho forenoon market was dull. the trans
actions up to noon being only 10000 shares.
This condition OF affairs apparently induced
the p~rincipal buyers Of stocks yesterday
to throw over their holdings and resume
operations for short account. In conse-
quence the afternoon market was active and
weak. and for the majority Of stocks the lowest
prices made since tho reaction began were re-
corded. The rapidity and extent Of the de-
cline. together with the fact that 1t en-
countered no support naturally, caused
fresh liquidation. There was absolute
ly no news Of Importance. but disturbing ru-
mors served temporarily to explain and to in.
tensify the selling movement. Some OF these
related to possible complications between
this country and Spain. and others to
a serious cutting of west-bound rates
by tho trunk lines between Atlantic
ports and Chicago. The only definite
news regarding railway rates was the announce
ment of a reduction in commodity rates between
Chicago aud Missouri River points and Colo
sd. l- . ~ II n-j nu;p,r ,,,a ,vhi,1
is said to be the outcome Of a cut in rates from
New York TO Colorado by way OF the lines run
ming through St Paul and by the Southern
route. which includes the steamship service
from this city to ports in Texas.
The present agreement between the trunk
lines regarding westbound business is so strin-
gent that It seems hardly credible that rates
upon that traffic arc being shaded to any consid.
| cradle extent. Nevertheless, subordinate traffic
| officials of practically all of the railroads
are so adroit and INSCRIPTIONS in securing
business that 1t is not impossible that rates may
be shaded. Regarding cast bound traffic. 1t has
been a matter of comment for some time that
tho differences between the prices Of various
cereals in Chicago and in the New York market
have been considerably less than the scheduled
freight rates for those cereals between the two
centres. The situation to-day is not. how
ever, different from that which has existed
for several weeks past, hence the import
ono. .,,,cbe, IN :, in connection With To-
doy.s COL, MARIE, &. obviorsIv mis,.od,n,
That oircrrst,nce does not ,cssen the rasnors a.
bility Of the managers of the various lines both
between the seahoard and Chicago and
,hoso -,nn;rc ,,ost of N. 1,et.p,n.d
o.ntr. fo- n Condition, q, oTo;rs ,hat Ia
IotN,"o 49, - -
not eh''rels et'lsi"olory nno Mhith cout" no
NJ ira fic is being handled. The evils referred 10
iii annh,,oss aris, ms I,n. as ,ho r,rro.dso ro
VIII uouo.ie"s MI. o l'"s as 'no aiiroa arc
prohibited by law from pooling their compctt-
tive traffic under the supervision of the Inter.
- -